Sector Updates

Despite the Covid-19 crisis, Castlepoint Systems has managed to grow and is now gearing up to tackle data compliance issues around the world.

The value of contactless payment transactions is expected to reach $10trn by 2027, up from $4.6trn in 2022, according to data from Juniper Research.

Dive into the intricate world of smurfing, a subtle form of money laundering, and learn about the transformative role Flagright's AI-powered tools are playing in combating this malpractice.

Real estate investment trust Impact Housing REIT has launched a $35m crowdfunding campaign, alongside partnership with CrowdStreet.

Cybersecurity Indusface has just picked up $5m Tata Capital Growth Fund II and plans to use it to aggressively grow its solutions for helping organisations protect their web and mobile applications.

The Hong Kong Monetary Authority (HKMA) will develop a green sustainable finance module for banking practitioners following recommendations from Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group.

Global tax software provider Sovos has acquired e-invoicing solution Foriba and tax solution Eagle Technology Management (ETM).

Flourish Savings, a digital engagement platform aimed at financial institutions, has reportedly raised $1.5m in a fresh funding round.

DKK Partners, which specialises in emerging markets foreign exchange liquidity, has selected Bovill as its global compliance partner.

Aafaq Islamic Finance, a premier provider of Shariah-compliant financial services, and Network International, a leading facilitator of digital commerce in the Middle East and Africa (MEA), have announced a partnership aimed at bolstering Aafaq's digital transformation.