Industry News

Instant credit provider Younited hits €1.1bn valuation

Instant credit provider Younited hits €1.1bn valuation

Younited, which offers instant credit in Europe, has raised €60m in a fresh funding round, bringing its valuation to €1.1bn.
ila Bank joins BUNA for multi-currency transfers

ila Bank joins BUNA for multi-currency transfers

ila Bank, a trailblazer in Bahrain's digital banking sector and a subsidiary of Bank ABC, has recently announced its collaboration with BUNA, the Arab Monetary Fund's innovative cross-border and multi-currency payment system.
Hawksoft-partners-Agave-to-bolster-insurance-payments-independent-insurance-agencies-streamline

HawkSoft and Agave join forces to bolster insurance payments

HawkSoft, a provider of management systems for independent insurance agencies, has partnered with Agave to streamline insurance payments.
Finix revolutionises money movement with new Payouts product

Finix revolutionises money movement with new Payouts product

Finix, renowned in the FinTech sector for its innovative solutions, announced today the launch of Payouts, its newest standalone product line. This product is set to transform how businesses send and receive payments, irrespective of their engagement with the broader Finix payments platform.
Banking-as-a-service (BaaS) vs embedded finance

Banking-as-a-service (BaaS) vs embedded finance

Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.
AI

AI’s double-edged sword: Boosting efficiency or hinderance in disguise?

In a recent post by RegTech firm Saifr, the firm took a deeper dive into conflicting research about the capabilities of AI. The realm of...
InsurTech-DigitalOwl-joins-forces-with-RGA-for-streamlined-underwriting

InsurTech DigitalOwl and RGA to strengthen underwriting

DigitalOwl, an insurance technology company, has partnered with life and health reinsurer Reinsurance Group of America Incorporated (RGA) to strengthen and streamline the underwriting process.
UK tops global list for shell company risks, new Moody’s Analytics research reveals

UK tops global list for shell company risks, new Moody’s Analytics research reveals

The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.
Paddle makes 8% of its workforce redundant

Paddle makes 8% of its workforce redundant

Payments company Paddle has made 8% of its workforce redundant, which it blames on the current inflationary market and needing to hunker down for survival.
Top 5 data protection strategies for 2024

Top 5 data protection strategies for 2024

In the fast-paced world of data protection and privacy, 2024 marks a significant year with its own set of challenges and opportunities. Theta Lake, a provider of digital communications governance technology, has offered a comprehensive list of the top data protection strategies, focusing on how Theta Lake is pioneering in this space.

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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