Industry News

Nigerian BaaS provider Anchor secures $2.4m to boost product range

Nigerian BaaS provider Anchor secures $2.4m to boost product range

Anchor, a pioneering banking-as-a-service (BaaS) provider in Nigeria, has successfully secured significant financial backing.
N26-lauches-crypto-trading-with-bitpanda

Challenger bank N26 launches crypto trading with Bitpanda

Challenger bank N26, in partnership with digital investment app Bitpanda, is launching a crypto trading feature.
UK banks shelve sustainability amid economic turmoil

UK banks shelve sustainability amid economic turmoil

In a surprising twist, the number of UK banks considering sustainability as a central business strategy has dropped dramatically by 40% within a year, reveals a new report by digital transformation facilitator Hexaware Mobiquity.
AI-tools-such-as-ChatGBT-to-drive-digital-transformation-of-insurance-industry

AI tools such as ChatGPT to drive digital transformation of insurance, COVU says

Generative artificial intelligence (AI) tools, such as ChatGPT, will play a significant role in the digital transformation of the insurance industry, according to COVU.
KYC

The real cost of building KYC systems in-house versus outsourcing

Developing KYC solutions from scratch presents significant initial hurdles, particularly during the scoping phase.
Transforming compliance reporting: how automation empowers CCOs and boards

Transforming compliance reporting: how automation empowers CCOs and boards

Compliance automation is a game-changer in how chief compliance officers (CCOs) present crucial regulatory compliance information to board members. This technological advancement not only makes compliance processes more efficient but also equips board members with vital knowledge for informed decision-making.
Harnessing the chaos: Proactive risk strategies for thriving in 2024

Harnessing the chaos: Proactive risk strategies for thriving in 2024

In the fast-paced world of corporate governance, 2024 looms with unprecedented challenges. As we peer into this future, it's evident that the previous years'...
trade

Global regulators turn the heat up on trade surveillance: How can firms cope?

In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance. 
pension

The digital dawn of pension planning in the UAE

Pension planning in the UAE is at a time of take-off. WealthTech firm Kidbrooke recently took the opportunity to delve into the topic.
Crypto broker Genesis Global Holdco files for bankruptcy protection

Crypto broker Genesis Global Holdco files for bankruptcy protection

Genesis Global Holdco (GGH), the parent company of struggling crypto brokerage Genesis, has filed for bankruptcy protection.

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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