FinTech News

AI

Harnessing AI in WealthTech: complexity versus function

In a recent post by Velexa, the company highlighted the differences between complexity and function relating to AI in WealthTech. 
amazon-home-insurance-marketplace

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.

News Stories

AI

AI attackers are breaking financial crime compliance

A 1993 New Yorker cartoon showed one dog telling another, "On the Internet, nobody knows you're a dog." The joke has held up rather...
FinTech

Red-letter week for FinTechs as $1bn raised across 17 deals

This week was a powerful funding week for FinTech firms, with $1.07bn raised across a healthy 17 deals. This marks a second consecutive week of...
RegTech

Why RegTech’s survival race is just beginning

The RegTech market has entered a new era. What began as an experimental space populated by agile startups has matured into a mainstream industry...
Deluxe

Deluxe acquires Celero Commerce in $625m deal

Deluxe has agreed to acquire FinTech firm Celero Commerce for $625m, in a deal that will significantly accelerate its strategic shift away from legacy...

ASIC seeks $35m as HSBC admits scam protection gaps

HSBC Bank Australia Limited (HSBC), the Australian arm of one of the world's largest banking groups, is facing a $35m penalty after admitting to...

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