Industry News

The private markets have witnessed a substantial increase in managed assets over the last decade, attracting the attention of U.S. regulators aiming to enhance transparency through expanded regulation. With these regulatory developments, it's time to re-evaluate the Global Investment Performance Standards (GIPS), which have evolved from being the gold standard for investment performance presentation to a tool that assists advisers in meeting new regulations.

How FinTech’s rise demands a proactive approach to regulatory management

Flagright recently took a deep dive into the topic of firms adopting a proactive approach to regulatory change management. 
CDD

How Customer Due Diligence safeguards against financial crime in FinTech

Customer Due Diligence (CDD) is a cornerstone in the banking and financial industry's defence against financial crime.
audit

The role of AML audits in enhancing regulatory compliance

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 
Volt

Payments platform Volt links with ekko on new environmental initiative

Volt has linked with sustainability fintech ekko to help retailers and their customers support the removal of plastic bottles from the ocean.
insurity-launched-claims-payments-digital-insurance-payouts

Insurity Launches Sure Claims Payments as a Standalone Solution for Seamless Digital Insurance Payouts

Insurity, a premier provider of cloud-based software for insurance carriers, brokers, and MGAs, is set to offer its Sure Claims Payments solution as a standalone product, powered by Dream Payments and connected to J.P. Morgan Payments.

InsurTech firm Sigo Seguros secures $5.1m in a pre-Series A funding round

Sigo Seguros, a rapidly expanding InsurTech company renowned for its Spanish-first approach, delivers auto insurance services predominantly for immigrant and working-class communities.
How-technology-is-helping-the-UK-government-combat-fraud

How technology is helping the UK government combat fraud

Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.
as-more-fintechs-focus-on-financial-literacy-should-schools-be-doing-more

As more FinTechs focus on financial literacy – should schools be doing more?

The financial literacy gap is still a major issue globally. While the market has seen the proliferation of FinTech companies looking to fix the problem, should schools be the place where children learn about investing or other financial services?
Pet-technology-opportunity-for-pet-insurers-insurance

Booming pet technology presents opportunity for insurers, Cloud Insurance says

With the recent boom in pet technology, the pet insurance market represents an exciting opportunity for insurers.
The future of specialty insurance: Unpacking the digital challenges and opportunities

The future of specialty insurance: Unpacking the digital challenges and opportunities

In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.

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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