Industry News

ESG

Republican-led House of Representatives passes anti-ESG investing rule

The US House of Representatives has approved legislation aimed at blocking a new law allowing the consideration of climate and ESG factors by retirement plan fiduciaries.  
Japan

Japan’s PM endorses new era of sustainable investing

Fumio Kishida has announced a plan aimed at diverting a significant portion of Japan savings towards sustainable investment vehicles.
IVIX

IVIX lands $12.5m in Series A funding led by Insight Partners

IVIX, a firm developing a platform aimed at assisting governments in identifying widespread financial crimes, has bagged $12.5m.
Duck-creek-technologies-completes-acquisition-vista-equity-partners-for-$2.6bn

Duck Creek acquires Vista Equity Partners for $2.6bn

Duck Creek Technologies, an intelligent solutions provider looking to define the future of property and casualty (P&C) insurance, has completed its acquisition of global investment firm Vista Equity Partners.
How to streamline ESRS reporting with efficient ESG software

How to streamline ESRS reporting with efficient ESG software

The importance of an effective implementation of the European Sustainability Reporting Standards (ESRS) cannot be overstated for organisations. This is key in demonstrating their...

Chuka Umunna takes charge of JPMorgan’s green economy and sustainable solutions

JPMorgan has promoted Chuka Umunna to Managing Director, Global Head of Sustainable Solutions, and EMEA Head of Green Economy Investment Banking.
EPI

EPI announces wero as its breakthrough digital wallet solution

The EPI, a bank-backed venture established to counter giants like Mastercard in Europe, named its digital wallet solution as 'wero'.
4 critical AML use cases for AI

4 critical AML use cases for AI

The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size...
US

US government provides Costa Rica $25m to bolster cyber efforts

The US government has recently provided Costa Rica with $25m in assistance to strengthen its cybersecurity efforts.
Databricks

Databricks valuation skyrockets to $43bn after $500m funding round

Databricks, a leading analytics and AI platform, announced today that it has successfully raised $500m in a new funding round.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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