Industry News

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.

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, provider of reinsurance and insurance, has partnered with Indonesia Re, to provide members with access to its analytics and risk consulting services.

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, a cyber company known for illuminating, validating, and mitigating internal and external risks, has raised $140m in investment. 

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.

In a recent post by RegTech firm Alessa, the company outlined how best to understand the intricacies of money laundering typologies. 

Waada, a Karachi-based online insurance startup, has acquired MicroEnsure Pakistan, a rival InsurTech company.

Global investment giant BlackRock has announced the forthcoming rollout of generative AI tools to its staff and clients.  

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.