NewRetirement clinches $20m in Series A to transform financial planning
NewRetirement, a financial planning platform for consumers and enterprise partners, has successfully closed its Series A funding round.
Unlocking the future of wealth: Strategies for intergenerational wealth transfer in the UAE
The impending great wealth transfer is poised to redefine the financial landscape of the Middle East. Kidbrooke, which offers outcome-driven analytics and data management...
New Zealand’s central bank unveils climate risk management blueprint for finance
The Reserve Bank of New Zealand – Te Pūtea Matua has taken a significant step towards fostering a stable financial system in New Zealand with the publication of a new Guidance aimed at helping regulated entities manage climate risks.
Philippines steps up financial innovation with new payment systems regulations
The Bangko Sentral ng Pilipinas (BSP) has introduced the Manual of Regulations for Payment Systems (MORPS),
FCA cracks down on misleading financial ads on social media
The FCA has issued a clarion call to firms and finfluencers on the imperative of maintaining legality and clarity in their social media advertisements.
How wealth management firms can get ready for generative AI
Earlier this month, OpenAI unveiled its latest advancement in the world of generative AI, Sora. Unlike ChatGPT, its previous revolution in the world of generative AI, Sora allows users to build realistic videos from simple text instructions, potentially providing businesses with another tool to transform operations, such as marketing.
Omni-channel InsurTech leader Qoala raises $47m to fuel Southeast Asian insurance innovation
Omnichannel InsurTech firm, Qoala, has successfully completed its Series C funding round, amassing $47m.
AI and compliance: The future of adverse media screening in FinTech
The integration of Artificial Intelligence (AI) into financial services has marked a new era in compliance and regulatory adherence.
Navigating the intricacies of PEP identification in FinTech compliance
Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering (AML) compliance software, emphasises the critical importance of accurately identifying and screening PEPs before any business engagement.
WealthTech’s new horizon: Catering to the Millennial and Gen Z investment wave
The financial domain is on the brink of a transformative era, driven by the digital-first mindset of Millennials and Gen Z. These generations are not just reshaping the investment landscape with their tech-savviness and social awareness, but they're also the catalysts for the dynamic evolution of WealthTech. This sector is now keenly focused on tailoring its offerings to meet the unique preferences of these emergent financial powerhouses.
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