Industry News

The Canadian government has confirmed its commitment to establishing an open banking legislation by the end of this year, a move that has been long anticipated following a detailed three-year study comparing with the UK's approach.

Recent research conducted by Coadec has cautioned that the open banking industry is at a ‘vital crossroads’.

Pomelo, a FinTech company, has recently announced a significant boost to its finances of $35m in a Series A round.

Schroders Capital has launched a long-term asset fund designed to help UK pension fund investors support net-zero.

Financial firms operate in a complex regulatory landscape where adherence to compliance standards is paramount.

Chinese authorities have warned the country’s top bankers that the crackdown on the industry ‘is far from over’ in a recent private meeting.

Unit21, a leading player in the FinTech space, has announced the rollout of its latest innovations aimed at revolutionising ACH (Automated Clearing House) transactions and bolstering fraud prevention measures.

UK-based open banking provider Ecospend has joined PIMFA WealthTech, the digital marketplace and industry network to boost collaboration and innovation within wealth management.

Stratiphy, a technology firm specializing in investment strategy building, has secured a grant of £1 million from Innovate UK for its consortium.

Resolute Global Partners, an investment advisor specialising in insurance and reinsurance, has launched Footprint, a new type of reinsurance contract.