Industry News

SEC

Gensler claims SEC considering climate disclosure rule adjustments

Gary Gensler, the chair of the US Securities and Exchange Commission, has said the SEC is considering adjusting its climate risk disclosure rules for public firms.

HKMA introduces groundbreaking taxonomy for sustainable finance

The HKMA has unveiled the Hong Kong Taxonomy for Sustainable Finance, which is aimed at defining environmentally sustainable economic activities.
Gamification in wealth management: A double-edged sword?

Gamification in wealth management: A double-edged sword?

While it has its risks, gamification can be a valuable tool to help wealth managers improve customer engagement and loyalty. 
Houlihan

Investment bank Houlihan Lokey unveils new ESG advisory service

Investment bank Houlihan Lokey has embarked on a fresh endeavour by announcing its new sustainability advisory services practice.
ING

Dutch bank ING to restrict oil and gas infrastructure funding

ING has unveiled plans to introduce funding restrictions that will target oil and gas infrastructure as it seeks to align with its climate goals.
China

Mandia: China has now replaced Russia as top cybersecurity threat

China has eclipsed Russia as the premier cyber threat, with a notable increase in the sophistication of its cyber operations.
SEC

SEC adopts a 4-day rule for cybersecurity breach disclosures

The SEC adopted new rules requiring public firms to disclose all cyber breaches that could affect their bottom lines within four days.
Lucinity

Icelandic neobank indó taps Lucinity for financial crime offering

indó, an Icelandic neobank, has selected Lucinity to use its AML compliance software such as its transaction monitoring and case manager solutions.
Evident has launched a generative AI solution for risk managers to streamline and simplify the insurance verification process.

Evident launches generative AI solution to assist risk managers

Evident has launched a generative AI solution for risk managers to streamline and simplify the insurance verification process.
Rydes

Corporate mobility budget platform Rydes locks in €3.5m

Rydes, a corporate mobility budget platform, has raised €3.5m in a funding round headed by Assembly Ventures and Rethink Ventures.

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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