Sector Updates

Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.

One of the most potentially longstanding trends to emerge over the past year is hybrid working, with the working model expected to persist as the workforce becomes more accustomed to the work-life balance it offers them.

One of the key recent trends in global insurance has been the growth of InsurTechs in emerging markets. Research by SwissRe previously forecasted that emerging market premiums would more than double over the next ten years and outpace advanced market premium growth by four times. Post-pandemic, is this forecast still relevant?

Relyance AI has launched out of stealth as it hopes to help businesses improve the transparency and visibility of their data to ensure compliance is being met.

TomoCredit, a credit card that helps first-time borrowers build a credit history, has collected $10m in its Series A round.

The global spread of ransomware attacks has continued after South Africa’s Justice Department saw its network encrypted.

Identity infrastructure company Persona is the latest RegTech company to join the coveted unicorn status, after its Series C puts its valuation at $1.5bn.

Research by Claurus Investments has found investment in early-stage FinTech funding rounds is declining as investors begin to focus their capital on more mature companies.

Cyber and speciality (re)insurance firm Envelop Risk has secured $130m from a Series B funding round led by SoftBank Vision Fund 2.

Neo Financial, which aims to improve the financial experience for Canadians, has raised $64m in its Series B funding round.