Embroker secures $100m Series C to expand business insurance offering
Digital insurance company Embroker has raised $100m from a Series C funding round led by FTV Capital.
Virgin Money teams with 9Spokes to aid business banking development
Virgin Money has partnered with New Zealand-based FinTech company 9Spokes to help support the development of the former’s business banking proposition.
Enfuce partners with Bud to bring its carbon tracking engine to UK
Finnish FinTech Enfuce has entered a collaboration with UK open banking firm Bud to bring the former’s carbon tracking engine to the UK market.
HKMA launches strategy for bolstering Hong Kong FinTech market
The Hong Kong Monetary Authority (HKMA) has unveiled a new strategy for driving FinTech development in Hong Kong.
JBS Foods pays multimillion ransom to end global ransomware cyberattack
Food processing company JBS Foods has confirmed it has paid an $11m million ransom payment to end a ransomware cyberattack on its global operations.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
HSBC bolsters Hong Kong offering with AI-powered equity index product
HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.
Bank of England initiates climate stress tests to explore risks
The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.
PwC study finds digital transactions are outpacing cash payments
A study by PricewaterhouseCoopers (PwC) has found cashless transaction volumes are expected to outpace cash payments going into 2030.
Almost half of European executives see Covid-19 digital shift as permanent, survey finds
A study by Swedish open banking platform Tink has found 41% of European financial executives believe the shift online caused by the Covid-19 pandemic is permanent.
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