Industry News

Marsh-to-acquire-focus-insurance-insurtech

Global insurer Marsh to acquire Focus Insurance

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Focus Insurance, a personal insurance brokerage firm based in Texas.
AI

Why AI is helping to empower the next generation of accounting professionals

A recent survey by cloud-based accounting software bluQube revealed significant insights into the impact of AI on finance and accounting.
What-is-the-Travel-Rule-for-crypto?

What is the Travel Rule for crypto?

Cryptocurrency is becoming increasingly popular, but so is its use for money laundering. The Financial Action Task Force (FATF) recently revealed the Travel Rule for crypto, but what does this mean?
Streamlining group benefits communication: Key innovations & strategies

Streamlining group benefits communication: Key innovations & strategies

In the rapidly evolving world of group benefits, companies are doubling down on strategies that enhance their interactions and boost operational efficiency. Especially during the peak seasons, these firms are navigating a maze of challenges, with effective communication emerging as a paramount concern.
Ascent

ING and CommBank embrace RegTech for rapid regulatory mapping

Renowned RegTech firm Ascent recently outlined a successful customer success story for ING and Commerzbank. 
5-questions-to-ask-during-compliance-budget-building

5 questions to ask during compliance budget building

As companies start preparing for 2023, budgets are often a major talking point. Red Oak Compliance has outlined the five questions companies need to be asking when building the compliance budget.
Deutsche

Deutsche Bank faces $186m penalty over AML failures

Deutsche Bank has been hit with a fine of $186m by the Federal Reserve Board due to deficient AML practices and other violations.

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.

HKMA introduces groundbreaking taxonomy for sustainable finance

The HKMA has unveiled the Hong Kong Taxonomy for Sustainable Finance, which is aimed at defining environmentally sustainable economic activities.
UAE

UAE unveils open finance regulation to boost digital financial services

The Central Bank of the UAE has launched a regulatory framework as part of its Financial Infrastructure Transformation programme.

News Stories

Visa reinvents account-to-account payments with enhanced consumer protections

Visa reinvents account-to-account payments with enhanced consumer protections

Visa has unveiled a new initiative, Visa A2A, set to transform the landscape of account-to-account (A2A) payments by enhancing consumer control and protection.
Sedric AI clinches $18.5m to pioneer AI compliance solutions in FinTech

Sedric AI clinches $18.5m to pioneer AI compliance solutions in FinTech

Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding.
European software firm SecureFlag bags significant funding from Copilot Capital

European software firm SecureFlag bags significant funding from Copilot Capital

Copilot Capital, a pioneering private equity firm dedicated to nurturing the growth of European software companies, has announced a significant majority investment in SecureFlag, a dynamic software company known for its cutting-edge cybersecurity training solutions.
Fido raises $30m to boost financial inclusion in East and Southern Africa

Fido raises $30m to boost financial inclusion in East and Southern Africa

Ghana's fintech innovator, Fido, recently bolstered its financial capacity with a significant $30m Series B funding round.
Upsolve secures $4.2m Gates Foundation grant to launch financial counselling AI for low-income Americans

Upsolve secures $4.2m Gates Foundation grant to launch financial counselling AI for low-income Americans

Upsolve, renowned as the nation's top nonprofit financial education platform, has recently secured a substantial grant to further its mission.

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