Industry News

Enhancing compliance: The rise of automation in consumer risk management

Enhancing compliance: The rise of automation in consumer risk management

In the ever-evolving landscape of regulatory requirements, businesses are compelled to reassess how they manage compliance and conduct risks. A proactive approach is necessary, not only to understand the regulations but to anticipate their impacts on operations. Implementing a standardized methodology supported by AI allows businesses to prepare for regulatory changes effectively, ensuring compliance is both consistent and scalable.
Everest-re-names-new-executive-VP

Everest Re names new executive VP

Everest Re Group, a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has named Mike Mulray as executive vice president and president of North America Insurance, effective immediately.
Basel

Basel Committee highlights rising risks from finance digitalisation in new report

The Basel Committee on Banking Supervision has released a comprehensive report analysing the impact of ongoing digitalisation on the finance sector, particularly focusing on banks and supervision.
BDC

BDC unveils $150m sustainability-focused tech fund

The BDC has launched a new $150m fund aimed at investing in Canadian firms advancing technologies towards climate goals.
BNP

BNPP AM launches climate ETF to navigate ESG standards

BNP Paribas Asset Management a leading financial institution, is renowned for its expertise in asset management and investment solutions.
Summer

Summer bags $6m to grow student debt and education assistance offering

Summer, a firm committed to addressing the US student debt crisis, has recently raised $6m in new funding.
How to enhance KYC and CDD processes for better customer experiences

How to enhance KYC and CDD processes for better customer experiences

Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best...
Workiva

Workiva integrates CDP into platform to boost customers’ ESG programs

Workiva, a cloud platform for assured integrated reporting, has integrated disclosure system CDP into its platform.
Sumsub

Sumsub launches new Transaction Monitoring Masterclass course to help combat financial crime

Sumsub, the global full-cycle verification platform, has announced the follow-up to its Advanced Transaction Monitoring Masterclass 2024
north-american-pet-insurance-sector-exceeds-$3.5bn

North American pet insurance sector exceeds $3.5bn

The North American Pet Health Insurance Association (NAPHIA) released its 2023 State of the Industry (SOI) Report showing the North American pet health insurance sector grew by 23.5% in In-Force GWP over 2022.

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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