Sector Updates

Currencycloud partners with Australian FinTech Bano for new FX Converter tool

International payment solution and infrastructure developer Currencycloud will help Bano, a new Australia-based financial superapp, launch its FX Converter tool to make remittances easier.
Relm Insurance, a prominent specialty insurance carrier catering to emerging and innovative industries, has welcomed Chris Sinkey as its Chief Operating Officer.

Relm Insurance welcomes Chris Sinkey as COO to drive growth strategy

Relm Insurance, a prominent specialty insurance carrier catering to emerging and innovative industries, has welcomed Chris Sinkey as its Chief Operating Officer.

Thunes scores $60m in Series B after 100% YoY growth

Singapore-based Thunes, a B2B payments company, has bagged $60m in its Series B after a 100% growth rate over the past year.
EBA

EBA publishes final guidelines on remote customer onboarding

The European Banking Authority (EBA) has published its final guidelines on the usage of remote customer onboarding solutions.  According to the EBA, these guidelines set...

Trendyol secures Decacorn status following Softbank-backed funding round

Turkish e-commerce platform Trendyol has become Turkey’s first Decacorn company after recent funding of $1.5bn lifted its valuation to $16.5bn.

SmartSearch receives growth equity investment from Marlin Equity Partners

Anti-money laundering (AML) software provider SmartSearch has raised a growth equity investment from Marlin Equity Partners, the private equity firm.

Five FinTech trends to look out for in 2020

FinTech is going to explode next year, with several new solutions hitting the market, Ecosystm, the tech research firm, suggests in a new report.
The Legal Affairs Committee of the European Parliament has greenlit a proposal suggesting a two-year delay for the full enactment of the Corporate Sustainable Reporting Directive (CSRD).

EU moves to delay CSRD introduction until 2026

The Legal Affairs Committee of the European Parliament has greenlit a proposal suggesting a two-year delay for the full enactment of the Corporate Sustainable Reporting Directive (CSRD).

Avalara picks up $96m to make compliance less taxing

Cloud-based tax compliance company Avalara has raised $96m in a new round that takes its total funding to more than $300m.

DNV snaps up industrial cybersecurity firm Applied Risk

Assurance and risk management firm DNV has acquired industrial cybersecurity business Applied Risk for an undisclosed fee.

News Stories

FinTech

Another strong week for FinTechs with 26 deals recorded

FinTech Global reported on another powerful week in the FinTech sector, with a total of $783m raised across 26 deals.   This top performing deal...
FutureMoney launches micro-investing app to help families secure financial future

FutureMoney launches micro-investing app to help families secure financial future

FutureMoney, a FinTech company founded by industry veterans, has launched a new micro-investing platform aimed at helping families build generational wealth.
Camwood and Pentaho team up to enhance data analytics capabilities

Camwood and Pentaho team up to enhance data analytics capabilities

Camwood, a leading IT consultancy specialising in digital evolution through the lens of applications, has partnered with Pentaho, a subsidiary of the Japanese multinational conglomerate Hitachi, to bring its data analytics platform to market via a new managed services offering.
Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary introduces innovative flight delay insurance with Companjon

Erste Bank Hungary has launched Flight Delay Insurance, a new service available to its customers in the George app.
Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla partners with Visa to enhance account verification in pay by bank

Dwolla, a leading U.S.-based account-to-account (A2A) payment solution provider, has announced a strategic collaboration with Visa, a world leader in digital payments.

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