Industry News

CMA highlights risks in AI foundation models market, vows robust regulatory measures

The Competition and Markets Authority (CMA) recently updated its stance on AI Foundation Models (FMs), signalling heightened regulatory scrutiny over market dynamics that could hinder competition.
EU

EU and US enhance data protection with new privacy agreement

The European Union (EU) has recently adopted a new and thorough robust data privacy agreement with the United States. 
global-insurtech-roadzen-to-go-public-in-$965m

Global InsurTech Roadzen to go public in $965m deal

Global InsurTech Roadzen has outlined its plans to go public in the US in a blank-check vehicle in a deal valued $965m.
Mountain Wolf

Mountain Wolf teams up with iDenfy to streamline crypto compliance

Lithuania-based iDenfy has partnered with global cryptocurrency and digital payment service provider Mountain Wolf.
Dragos

Dragos fortifies its cybersecurity lead with a $74m boost in funding

Dragos, recognised for its cybersecurity for industrial controls systems (ICS)/OT environments, has unveiled a $74m Series D extension.
Nearpay

Saudi FinTech innovator Nearpay secures $14m in Series A funding

Nearpay, a Saudi FinTech startup specialising in payment infrastructure as a service, has achieved a milestone of raising $14m funding.
Hakbah

Hakbah elevates Saudi savings market with $5.2m Series A boost

Saudi-based savings platform Hakbah has recently concluded a successful Series A funding round, amassing a substantial $5.2 million. This financial milestone was achieved under the...
Nurturing tomorrow’s leaders: How Aiviq’s culture empowers graduates to drive FinTech innovation

Nurturing tomorrow’s leaders: How Aiviq’s culture empowers graduates to drive FinTech innovation

The aspiration to work in the hustling, bustling financial heart of London City and impact the financial services sector is a common dream shared by many graduates. In Aiviq, a burgeoning cloud-data company, these young professionals are not merely dreaming but actualising ambitions, playing critical roles that contribute substantively to the enterprise's mission of supplying comprehensive data and analytics solutions to asset managers.
BBVA

BBVA ignites the green industrial revolution with new cleantech finance unit

BBVA, a leading global financial services company, has announced the launch of a new unit dedicated to financing cleantech innovation.
Surging large fines for organisations signal regulators' changing approach

Surging large fines for organisations signal regulators’ changing approach

A recent report from Moody's Analytics Grid has shed light on the changing landscape of regulatory fines across the globe, showing a dramatic increase in large fines for organisations in the past year.

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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