FinTech News

Over 50% of decision makers in retail banks feel Open Banking has had a...

Over half of financial decision makers at retail banks believe that PSD2-led Open Banking regulation has had a ‘negative’ impact on their organisation.

Non-custodial cryptocurrency mobile wallet ZenGo inks $20m

Israel-based crypto mobile wallet for retail investors ZenGo raised $20m in Series A funding.

Karl Canty joins Capco as the new driving force in US Insurance

Capco has announced the appointment of Karl Canty as a new Partner within its US Insurance practice, based in Hartford, Conn.

Darktrace closes $75m Series D funding round

Machine learning cybersecurity developer Darktrace has closed its Series D funding round on $75m, with Insight Venture Partners leading the round.
how-smart-communications-is-enhancing-the-healthcare-customer-experience

How Smart Communications is enhancing the healthcare customer experience

To address the evolving challenges it faces, the healthcare industry is increasingly adopting cloud-based customer communications management (CCM) software to improve the customer experience.
In recent times, there has been a rapid evolution of the actuarial field amidst surging data volumes and technological advancements. Actuaries now grapple with extracting insights from diverse data sources, necessitating the integration of AI and machine learning. Despite increased demand, a talent shortage has prompted insurers to explore alternative pathways such as data science. AKUR8 delves into all of this, and more, in their recent report. 

Pricing teams in a changing world: evolving backgrounds and expectations

In recent times, there has been a rapid evolution of the actuarial field amidst surging data volumes and technological advancements. Actuaries now grapple with...

CounterCraft raises $5m to accelerate its growth across the US

Cybersecurity startup CounterCraft has bagged $5m in a new round led by Adara Ventures.

Female-founded neo-bank Savii launches in Bahrain for Gen Z

Savii, a female-founded neo-bank for the unbanked Gen Z segment in the GCC, has launched their loyalty programme app in Bahrain after the close of its pre-seed.
Pie-Insurance-raised-$315m-Series-D-funding-monumental-workers-compensation

InsurTech Pie raises a “monumental” $315m

Pie Insurance, a leading tech-enabled provider of workers’ compensation insurance to small businesses, has raised $315m in Series D funding.

European Commission fines MasterCard €570m for antitrust breach

The European Commission has fined MasterCard €570m for breaching EU antitrust rules. Mastercard was fined due to it ‘limiting the possibility for merchants to benefit...

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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