The Reserve Bank of India (RBI) serves as the primary financial regulator in India, steering monetary policies and overseeing the nation's banking framework. In a move to enhance cybersecurity in the financial sector, the RBI has unveiled its Cyber Security Framework, which sets a comprehensive suite of controls and guidelines to mitigate growing security risks effectively.

Key Italian FinTech investment stats in 2023 • Italian FinTech deal activity reached 61 transactions in 2023, a 4% reduction from 2022 • Italian FinTech companies raised a combined $731m in 2023, a 8% drop from the previous year • Lending Technology was the most active Italian FinTech subsector with 11 deals In 2023, the FinTech sector in Italy experienced a slight decline...

Key African InsurTech investment stats in 2023: • African InsurTech companies raised a combined $30.4m in 2023, a 53% reduction from 2022 • African InsurTech deal activity reached 17 deals in 2023, a 13% increase YoY • Nigeria was the most active African InsurTech country with six deals in 2023 In 2023, African InsurTech companies faced a notable shift in funding, with a...

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across the 18 deals reported.   The biggest funding round this week was found in the cybersecurity sector, with Coro pulling in an impressive $100m to reinforce cybersecurity amongst small and medium sized firms. Here are this week’s...

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge of new regulations and expectations means that compliance firms must keep up. To do this, will compliance technology reign supreme in 2024? Holly Sais Philippi, CEO of RegTech firm Alessa, believes there are a range of...

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd. (Topsail Re), a leading privately-held reinsurer. This alliance is set to accelerate the growth of Bishop Street’s differentiated Managing General Agents (MGAs) platform by providing preferred capacity alongside Topsail Re’s extensive underwriting expertise. The core motivation...

Coro, the pioneering cybersecurity platform specifically designed for small and medium-sized enterprises (SMEs), announced today that it has secured $100m in a Series D funding round.

Bavest, a pioneering B2B FinTech company based in Germany, has announced a significant milestone in its journey with the closure of a €1.1m pre-seed funding round.