How is the sustainability revolution changing the banking sector?

A recent blogpost by financial industry association Mobey Forum has examined how the movement to make finance more sustainable has changed the banking industry.

BIS, Bank of England unveil new BIS Innovation Hub in London

The Bank for International Settlements (BIS) and the Bank of England (BofE) have collaborated to launch the new BIS Innovation Hub Centre in London.
fintech-news

PitchBook hits home run with $180m exit to Morning Star

Deal data platform PitchBook Data is being acquired by investment research provider Morningstar for $180m. The deal is expected to close in the fourth quarter of the year.

ESMA slaps €408,000 penalty on derivatives firm due to EMIR data breaches

The European Securities and Markets Authority (ESMA) has fined DTCC Derivatives Repository for seven breaches of the European Market Infrastructure Regulation (EMIR).

Employee InsurTech Onsurity bags $16m in Series A raise

Indian employee benefits platform Onsurity has raised $16m from a Series A funding round led by Quona Capital and Nexus Venture Partners.
fintech insurtech wealthtech regtech ai cybertech esg news

Data analytics provider PeerIQ nabs $12m Series A

New York-based lending sector data and analytics provider PeerIQ closes $12m Series A funding round.

CSS expands aosphere alliance to integrate data services with investment platform

Compliance Solutions Strategies (CSS) has expanded its collaboration with legal firm aosphere to integrate the latter’s market data services with CSS’ investment monitoring platform.

Italian banks running blockchain pilot for interbank reconciliations

The Italian Banking Association (ABI) has opened a pilot project on blockchain-based interbank reconciliations.

HKMA initiates first CBDC steps with whitepaper launch

The Hong Kong Monetary Authority (HKMA) has begun the first steps of exploring a central bank digital currency (CBDC) with the release of a technical whitepaper.

FCA to introduce ‘regulatory nursery’ to boost FinTech oversight

The Financial Conduct Authority (FCA) has revealed it will launch a ‘regulatory nursery’ for new FinTech companies in autumn of this year.

News Stories

LendingClub reveals the strain of seasonal expenses on US financial health

LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank, and PYMNTS Intelligence have partnered to shed light on the financial challenges faced by US consumers.
Praxent

Robin Smith takes on Chief Revenue Officer role at Praxent

Praxent, a financial services digital consultancy, has expanded its leadership by ushering in Robin Smith as Chief Revenue Officer. Smith, an enthusiast of FinTech and...
ESMA

ESMA shifts focus: Navigating the digital and green transitions in 2024

The European Securities and Markets Authority (ESMA) has recently unveiled its work programme for 2024.
This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.

FinTech sector drops this week with only 24 deals

This week saw the FinTech sector flounder compared to seven days ago, as the space failed to meet the $1bn mark in deals completed.
SEC

SEC reviews Scope 3 emissions in upcoming climate disclosure rules

The U.S. SEC has received feedback against the inclusion of Scope 3 emissions in their proposed climate disclosure rule.

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