Industry News

Duck-creek-technologies-completes-acquisition-vista-equity-partners-for-$2.6bn

Duck Creek acquires Vista Equity Partners for $2.6bn

Duck Creek Technologies, an intelligent solutions provider looking to define the future of property and casualty (P&C) insurance, has completed its acquisition of global investment firm Vista Equity Partners.

Thunes expands US footprint with strategic Tilia acquisition

Thunes has entered into a definitive agreement to acquire Tilia, a comprehensive payments platform specializing in the online gaming sector.
TerraPay

Payments infrastructure firm TerraPay nets over $100m in equity and debt

TerraPay, a global payments infrastructure business, has scored over $100m in  its Series B equity financing round.

Nature Action 100 transforms corporate accountability with new benchmark indicators

Nature Action 100 has introduced benchmark indicators for evaluating the nature-related ambition and action of its 100 companies.
Transaction value of recurring payments to exceed $15trn by 2027

Transaction value of recurring payments to exceed $15trn by 2027

The transaction value of recurring payments will exceed $15.4trn globally in 2027, rising from $13.2trn in 2023, according to a report from Juniper Research.

Unveiling the pitfalls of prioritising form over substance in compliance

In an era marked by rapid technological advancements and evolving regulatory landscapes, the financial services industry faces ever-increasing pressure to maintain robust compliance standards.
European

European financial regulators put forward finance disclosure rule changes

Three European financial regulatory agencies have announced a series of proposed amendments to the EU’s SFDR. 
malware

Mobile banking malware sees 32% surge over 2023

The realm of digital finance has witnessed an uptick in mobile banking malware, with a 32% increase in 2023, contrasting the trends in 2022.
GenAI-meets-insurtech-a-game-changing-duo

GenAI meets InsurTech: a game-changing duo?

ChatGPT has captured the imagination of the public, bringing conversations about Generative AI (GenAI) to the fore – but how will it impact the insurance industry?
XTCC pioneers first Shariah-compliant carbon credit investment ecosystem

XTCC pioneers first Shariah-compliant carbon credit investment ecosystem

XTCC, an investment ecosystem that specialises in high-integrity carbon credits, has announced the launch of the first Shariah-compliant multi-currency asset class for high-integrity carbon credits.

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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