Canada to boost financial innovation with new open banking laws
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.
Is the UK open banking sector at a crossroads?
Recent research conducted by Coadec has cautioned that the open banking industry is at a ‘vital crossroads’.
Pomelo secures $35m in Series A funding to enhance global remittance services
Pomelo, a FinTech company, has recently announced a significant boost to its finances of $35m in a Series A round.
Schroders set to launch climate change-focused private assets LTAF solution
Schroders Capital has launched a long-term asset fund designed to help UK pension fund investors support net-zero.
Decoding regulatory requirements: A deep dive into global financial surveillance
Financial firms operate in a complex regulatory landscape where adherence to compliance standards is paramount.
Chinese authorities set to intensify financial corruption crackdown
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 unleashes cutting-edge ACH features to combat financial fraud
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.
Ecospend joins PIMFA WealthTech with Pay-by-Bank solution
UK-based open banking provider Ecospend has joined PIMFA WealthTech, the digital marketplace and industry network to boost collaboration and innovation within wealth management.
AI investment solutions innovator Stratiphy secures £1m grant
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 launches new type of reinsurance contract for natural catastrophes
Resolute Global Partners, an investment advisor specialising in insurance and reinsurance, has launched Footprint, a new type of reinsurance contract.