Industry News

Enterprise blockchain innovator Allium raises $16.5m led by Theory Ventures

Allium Inc, an enterprise in blockchain data delivery, today announced a successful early-stage funding round of $16.5m. According to Silicon ANGLE, this significant investment will...

Coast accelerates fleet payment solutions with $40m Series B funding

Coast, a New York-based company, has announced a $40m investment in its Series B funding round, spearheaded by ICONIQ Growth.
FCA calls for stricter yet fairer treatment of politically exposed persons

FCA calls for stricter yet fairer treatment of politically exposed persons

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).
PSR and FCA explore the impact of digital wallets on UK consumers and businesses

PSR and FCA explore the impact of digital wallets on UK consumers and businesses

The Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly initiated a call for information to assess the rapidly growing influence of digital wallets on both consumers and businesses in the UK.
Hong Kong to fortify financial stability with new stablecoin regulations

Hong Kong to fortify financial stability with new stablecoin regulations

Hong Kong is poised to introduce a new regulatory regime for fiat-referenced stablecoin (FRS) issuers following positive feedback from a public consultation.
CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA, a renowned leader in hybrid cloud data management, today announced a significant financial boost, securing $80m in a mix of primary and secondary funding from PSG Equity.
HCLTech's success with BOT and BOOT in Eastern Europe and India

HCLTech’s success with BOT and BOOT in Eastern Europe and India

HCLTech has revolutionized the way businesses expand internationally through its innovative Build-Operate-Transfer (BOT) and Build-Operate-Optimize-Transfer (BOOT) models.
13books Capital secures £121m fund for FinTech start-ups

13books Capital secures £121m fund for FinTech start-ups

13books Capital, a venture capital firm established in 2019, has announced the closure of a new fund valued at £121m aimed at investing in the most promising founders in the FinTech sector.
New era of US sanctions: How compliance could change in the coming years

New era of US sanctions: How compliance could change in the coming years

As we move into the latter half of 2024, the landscape of international relations is increasingly fraught with challenges, from escalating global conflicts to...
Stripe valued at $70bn in new Sequoia Capital deal

Stripe valued at $70bn in new Sequoia Capital deal

In a strategic move, Sequoia Capital has reportedly extended an offer to its investors to buy shares in Stripe, a leading payments company it initially supported nearly 14 years ago, according to a report from Axios.

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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