Israeli FinTech investment stats in 2022: • Israeli FinTech investment drops 19% to $2.9bn in 2022 from previous year • FinTech deal activity reached 144 deals in 2022, a 26% drop compared to 2021 • CyberTech remained the most active FinTech subsector in Israel last year Israel’s FinTech sector saw a drop in both investment and deal activity in 2022. Israeli FinTech funding...

The European Commission has unveiled a new directive that will require companies to verify their environmental claims and labels.

CryptoUK has called for UK banks to be given a ‘white list’ of registered crypto firms to avoid firms in the industry getting ‘debanked’.

Kin, a direct-to-consumer home insurance company has raised an additional $15m in Series D funding, bringing the total raised in the round to $109m.

CompScience Insurance Services has entered a managing general agent (MGA) agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ compensation policies.

ID Finance, a Spain-based FinTech offering retail banking and finance solutions, has raised €30m in funding.

The traditional focus of transaction monitoring has been to help regulated firms in the banking and finance sector to detect and prevent money laundering.

Procore Technologies, a global provider of construction management software, has launched construction insurance brokerage to empower builders.

Cloud-native insurance platform Novidea has been selected by Jamaica-based insurance broker Allied Insurance Brokers (AIB) to implement its born-in-the-cloud, data-driven insurance management platform for Managing General Agents (MGAs).

Encompass Corporation, a provider of a KYC automation platform, has unveiled its perpetual KYC maturity model.