Industry News

Hodoko

Hodoko teams with Citi to power payments on renewables marketplace

Hodoko has partnered with global financial services firm Citi to power payments for its first-of-its kind renewable energy marketplace Covento.
Kusari

Kusari secures $8m boost to fortify software supply chain security

Kusari, a startup in the software supply chain security sector, has recently announced a significant boost in funding.

The critical role of data in managing vendor risks in FinTech

Last week’s IT disruption, triggered by a standard update from CrowdStrike, affected millions of Microsoft devices globally, severely impacting sectors like healthcare, media, and aviation.
socotra-ledgebrook-E&S-insurance

Ledgebrook and Socotra join forces to revolutionise the E&S insurance market

Austin-based Socotra, renowned as a next-generation core platform provider for contemporary insurers, and Boston-based Ledgebrook, an InsurTech MGA focusing on the excess and surplus (E&S) market, recently revealed the successful launch of Ledgebrook's novel platform, which is turbo-charged by Socotra Connected Core.
TNFD

TNFD-aligned sovereign debt guidance released by NatureFinance think tank

NatureFinance has unveiled its guidance designed for financial institutions to aid in identifying and assessing nature-related risk
eflow updates eComms surveillance solution to reduce manual oversight

eflow updates eComms surveillance solution to reduce manual oversight

UK-based regulatory compliance tech developer eflow Global has revealed a major update to its eComms surveillance solution, leveraging a new sophisticated form of decision automation.
Australia

Australia’s sustainable finance roadmap aims to mobilize private capital for net zero

The Australian government has outlined a key update to its sustainable finance structure with the release of its latest Sustainable Finance Roadmap.
AML

The complete guide to suspicious activity reports and AML measures

Alessa recently took the time to provide a full guide to suspicious activity reports and anti-money laundering measures.
sustainability

From TCFD to ISSB: Unravelling the complexities of sustainability standards in FinTech

Sustainability reporting can often be complex.In a recent post by Position Green, the firm attempted to simplify the understanding of it. 
emails

JPMorgan faces $4m SEC fine over accidental deletion of vital emails

JPMorgan Chase, has been hit with a $4m fine from the SEC for the inadvertent deletion of 47 million emails.

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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