FinTech News

How insurers can better leverage data to maximise underwriting profitability and efficiency

Despite P&C insurance being transformed by the adoption of digitalisation and automation, insurers are struggling to be 'scientific' on risk, impacting the profitability of underwriting, according to AdvantageGo senior director of business development Rupert Bidwell.

European Parliament passes far-reaching Digital Services Package

The European Parliament has officially adopted the Digital Services Act and Digital Markets Act, the first comprehensive rulebook for online platforms to be introduced.

Nets acquires Finnish payment technology providers Poplatek and Poplapay

Payment company Nets has made a move to improve its payment terminal capabilities with a dual acquisition.

Plaid launches into UK market, with sights set on Europe expansion

US-based open banking platform Plaid has launched its services into the UK, with plans to deploy across the rest of Europe.

Kakao teases 2019 launch of crypto wallet, Dapp Partners

Messaging app Kakao has revealed plans to release a cryptocurrency wallet later in the year, under the name Klip.

Highwing nabs $4m in its funding round as it builds new products for the...

Highwing, which builds open data solutions for mid-market commercial insurance brokers and carriers, has scored $4m in a new funding round.

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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