Canada’s Department of Finance Advisory Committee recommends steps towards open banking
Canada's Department of Finance Advisory Committee on Open Banking has issued its final recommendations report, marking a pivotal step in the nation's journey towards embracing Open Banking.
Navigating the KYC maze: How banks are tackling compliance costs in 2023
In 2022, Fenergo's annual research survey of global investment banks highlighted a labor-intensive environment in Know Your Customer (KYC) processes. These processes were costing banks as much as $35m annually.
Swiss Re partners with Indonesia Re
Swiss Re, provider of reinsurance and insurance, has partnered with Indonesia Re, to provide members with access to its analytics and risk consulting services.
NatWest partners with Vodeno to create new BaaS business
NatWest Group has entered a strategic partnership with the Vodeno Group to create a new banking-as-a-service (BaaS) business in the UK.
BlueVoyant bags $140m Series E and snaps up cybersecurity firm
BlueVoyant, a cyber company known for illuminating, validating, and mitigating internal and external risks, has raised $140m in investment.
Chubb Life and AEON Credit partner for insurance opportunities
Chubb Life Hong Kong and AEON Credit Service Company have launched a distribution partnership to take advantage of cross-sector opportunities across the insurance and retail markets.
Understanding the intricacies of money laundering typologies
In a recent post by RegTech firm Alessa, the company outlined how best to understand the intricacies of money laundering typologies.
Waada acquires MicroEnsure in a bid to become leading insurer in Pakistan
Waada, a Karachi-based online insurance startup, has acquired MicroEnsure Pakistan, a rival InsurTech company.
BlackRock to begin GenAI implementation in January 2024
Global investment giant BlackRock has announced the forthcoming rollout of generative AI tools to its staff and clients.
Aflac and Trupanion form joint venture to protect Japan’s pets
Aflac Incorporated, a Fortune 500 company insuring more than 50 million people in Japan and the US, has formed a joint venture with Trupanion to provide pet insurance in Japan.