Industry News

Asia-Pacific defies global FinTech funding decline: How it stands out in challenging times

Asia-Pacific defies global FinTech funding decline: How it stands out in challenging times

There has been a global trend within FinTech over the past year – a drop in total funding volume. However, Asia seems to be defying this trend.
methane

EU Parliament advances methane reduction with Fit for 55 legislation

The European Parliament has adopted a new law to reduce methane emissions from the energy sector as part of the Fit for 55 initiative.
Frontrunning protection in DeFi: The power of private mempools and Flashbots

Frontrunning protection in DeFi: The power of private mempools and Flashbots

It is easy for Ethereum and other smart contract network users to be overcome with excitement for the opportunities the technology provides that they are not aware how risky trading on-chain can be. OMNIA, a blockchain infrastructure provider to protect systems, has explored the risk of frontrunning. 
CCC-intelligent-solutions-and-verisk-team-up-to-prevent-auto-insurance-fraud

CCC Intelligent Solutions teams up with Verisk to prevent auto insurance fraud

CCC Intelligent Solutions (CCC) has partnered with global analytics provider Verisk to leverage the two providers’ market-leading technologies to prevent auto insurance fraud.
Percipience-partners-with-AI-insurtech-concirrus-to-expand-data-capabilities-for-insurers

Percipience teams up with AI InsurTech Concirrus to expand data capabilities for insurers

Percipience, an insurance data and analytics platform provider, has partnered with AI-powered InsurTech Concirrus to expand data capabilities for insurers.
Mututal-benefit-group-selects-SPLICE-to-enhance-customer-experience

Mutual Benefit Group selects SPLICE to enhance customer experience

SPLICE Software, a customer engagement company specialising in automated communication workflows and opt-in management, has partnered with insurance carrier Mutual Benefit Group (MBG) to enhance the customer experience during the claims process.
Choosing the right digital wealth management tool for your financial success

Choosing the right digital wealth management tool for your financial success

Digital wealth management tools have surged in popularity, providing individuals with affordable access to professional investment services. However, with a plethora of options available, selecting the ideal platform can be challenging. Here are some crucial factors to keep in mind when making your decision.
Talos

Talos snaps up D3X Systems to widen pre-trade capabilities

Talos, a provider of institutional digital assets trading technology, has acquired D3X Systems to support systematic investment strategies.
governor

CBI governor compared unbacked crypto to a ponzi scheme

Gabriel Makhlouf, the Governor of the Central Bank of Ireland, has compared ‘unbacked’ cryptocurrencies to ponzi schemes.
Lenders scramble to meet Consumer Duty deadline, 61% seek external expertise

Lenders scramble to meet Consumer Duty deadline, 61% seek external expertise

As the deadline for the Financial Conduct Authority (FCA)'s Consumer Duty approaches, a startling 67% of lenders report feeling unsupported by the FCA.

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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