FinTech News

Japanese report offers recommendations on promoting sustainable finance

A report by a panel set up by Japan’s Financial Services Agency (FSA) has provided recommendations on how to promote sustainable finance in the country.

Chase unveils new savings account for UK customers

Digital bank Chase has launched a new savings account for its UK customers that will provide savers a rate of 1.5% AER.

Kyriba closes $45m investment led by PE firm Sumeru Equity Partners

Treasury management system Kyriba has closed a $45m equity financing round led by private equity firm Sumeru Equity Partners.

Mastercard agrees $300m cornerstone backing for IPO of PE-backed Network International

Mastercard has agreed to make a $300m cornerstone investment in the planned London IPO of private equity-backed payments processing business Network International.

Global WealthTech investment is moving out of North America as investors target underserved financial...

Rest of World’s share of WealthTech deal activity is up 1.6x since 2015 Since 2015, WealthTech companies have raised over $25.9m, with North American...
clearstream-invests-in-digital-vault-services-enhancing-digital-infrastructure-for-bank-guarantees

Clearstream invests in Digital Vault Services, enhancing digital infrastructure for bank guarantees

Digital Vault Services (DVS), a trailblazing FinTech known for its issuance and safekeeping services for digital bank guarantees and sureties, has announced an upcoming investment from Clearstream, a key component of Deutsche Börse's post-trade business.

44 million passwords are being reused across Microsoft’s services alone

Despite repeated warnings over the years to not reuse passwords, people still fail to follow the guidelines.
KYC AML

The role of KYC and AML in banking

In a hyperconnected and digital world, the importance of KYC and AML in finance cannot be understated. For banking, what do these processes include?

News Stories

How UBO verification can safeguard against financial crimes

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.
On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Paymob

Paymob secures $22m to bolster digital payment infrastructure in MENA

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.

Optalitix secures $3m funding to drive insurance software innovation

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Flagright

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 

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