FinTech News

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Amazon teams up with UK insurers to revolutionise home insurance shopping

Amazon, the international e-commerce giant, has forged a partnership with prominent UK insurance providers, Ageas, Co-op, LV, and Policy Expert to to streamline the home insurance purchase process.
US

US boosts cyber strategy and names new NSA and cyber command chief

US President Joe Biden has announced his selection for the critical role overseeing US cyber warfare and defence.
Consumer Duty in the age of ESG: Are firms ready for the change?

Consumer Duty in the age of ESG: Are firms ready for the change?

The implementation date of Consumer Duty is quickly approaching. Firms will need to be ready by 31st July 2023, but are firms going to be ready?
ESG

Europe leads as ESG investment funds surge 9%

Market analysis by digital identity security experts ID Crypt Global has found a 9% year-on-year rise in the number of ESG investment funds.
axa-covergo-health-insurance-thailand

CoverGo and AXA Insurance PCL join forces to transform health insurance in Thailand

AXA Insurance PCL, a renowned insurance and asset management leader, and CoverGo, the leading global no-code insurance SaaS core platform for health, have announced a strategic partnership aimed at revolutionizing AXA's health insurance ecosystem in Thailand.
AXA-venture-partners

AXA Venture Partners launched €1.5bn fund to support FinTech and InsurTech industry growth

AXA Venture Partners (AVP), a global venture capital firm specialising in high-growth, technology-enabled companies, announced the launch of a new strategy, targeting late-stage tech companies with a €1.5bn fund.
moonfire-$115m-european-VC-landscape

Transforming the VC landscape: Moonfire Ventures injects $115m into European start-ups

Moonfire Ventures, an innovative investment firm integrating artificial intelligence (AI) and venture capital, has successfully raised $115m.
chelsea-avondale-home-insurance-series-c-funding

Chelsea Avondale bolsters Canadian home insurance portfolio with fresh series C funding

Chelsea Avondale, a pioneering home insurance group renowned for its underwriting using scientific risk models, has secured series C funding from an ensemble of prominent investors.
Muldoon

Meaghan Muldoon to spearhead sustainability at BNY Mellon

BNY Mellon, a pillar in the world of global investments, has expanded its executive team with the appointment of Meaghan Muldoon.
Navigating the Consumer Duty FCA insights into Fair Value Frameworks

Navigating the Consumer Duty: FCA insights into Fair Value Frameworks

The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms. 

News Stories

Behavox raises $175m from HPS to fuel global growth

Behavox raises $175m from HPS to fuel global growth

Behavox, an AI-native controls platform serving global banks, asset managers, hedge funds, and commodity firms, has raised $175m in preferred equity from HPS Investment Partners, a global credit investment firm operating as part of BlackRock.
Tax compliance is no longer a seasonal sprint

Tax compliance is no longer a seasonal sprint

For years, financial institutions treated tax compliance as something that came in waves. Intense filing peaks gave way to quieter mid-year stretches, and operations...
Why legacy surveillance tools are failing compliance teams

Why legacy surveillance tools are failing compliance teams

Compliance teams at financial institutions are buckling under the weight of outdated surveillance systems, and a new survey by A-Team Group suggests the breaking...
WealthAi launches AI client file for wealth managers

WealthAi launches AI client file for wealth managers

WealthAi, an AI operating system built for wealth managers, private banks and family offices, has unveiled its new Client File product, designed to consolidate...
HSBC and Google Cloud forge multi-year AI partnership

HSBC and Google Cloud forge multi-year AI partnership

HSBC, one of the world's largest banking and financial services organisations, has struck a multi-year strategic partnership with Google Cloud to roll out artificial...

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