Credit Scoring

Chubb develops Pay-As-You-Roam travel insurance service

Swiss property and casualty insurance firm Chubb has revealed it is creating a Pay-As-You-Roam (PAYR) travel insurance service.

Car insurance app Noblr to be acquired by USAA

Insurance provider USAA is set to acquire US behaviour-based car insurance company Noblr for an undisclosed fee.

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.

ESMA publishes framework for fourth central counterparty stress test

The European Securities and Markets Authority (ESMA) has announced the framework for the fourth version of its Stress Test for Central Counterparties (CCPs).

Starling secures lender accreditation for UK Recovery Loan Scheme

Starling Bank has received accreditation by the British Business Bank to be a lender under the UK government-backed Recovery Loan Scheme (RLS).

MAS provides consultation response to credit bureau, reporting regulations

The Monetary Authority of Singapore (MAS) has issued a consultation response on draft regulations and notices relevant to licensed credit bureaus under the Credit Bureau Act 2016.

Uncapped lands $80m from Spotify investor Lakestar to offer startups wider banking services

UK-based startup which provides funding to startups without taking equity Uncapped raised an $80m funding round to launch a suite of banking services tailored for tech-driven companies.

Clair partners with MetaBank, Galileo to expand user accessibility

US FinTech Clair has partnered with sponsor bank MetaBank and payments processor Galileo to bolster user accessibility on its platform.

PayPal, Google Cloud expand partnership to bolster transactional data scale

Payments juggernaut PayPal has strengthened its partnership with Google Cloud to help it process transactional data at a larger scale.

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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