As 2025 unfolds, wealth management is undergoing a significant evolution, driven by advancements in technology, shifting client expectations, and tightening regulations. Industry professionals must adapt quickly to this dynamic environment to remain competitive and relevant.

The Platform on Sustainable Finance (PSF), an advisory group appointed by the European Commission, has released a new draft report outlining proposed modifications to the EU Taxonomy. According to ESG Today, these changes are designed to simplify and broaden the classification system that helps identify sustainable economic activities crucial for achieving environmental goals. The EU Taxonomy, integral to the EU...

JPMorganChase has officially exited the Net-Zero Banking Alliance (NZBA), confirming reports by ESG Today, and thereby completing the trend of major U.S. banks withdrawing from the United Nations-supported initiative.

Africa Specialty Risks (ASR), a reinsurance group dedicated to the African and Middle Eastern markets, has launched Baobab, the first Africa-focused Lloyd’s Consortium. The initiative, aimed at bolstering insurance capacity in the region, represents a significant step forward for emerging markets. Unveiled on January 1, 2025, Baobab offers up to $21m in insurance capacity across sectors including political risk, trade credit,...

Abstract, an AI company known for its pioneering work in regulatory intelligence, today announced a successful $4.8m seed funding round. This latest financial boost was co-led by Bonfire Ventures and Communitas Capital, raising Abstract's total funding to over $9m. The seed funding will primarily support Abstract's innovative platform that integrates AI to analyze and synthesize disparate regulatory data—from draft legislation to...

iPipeline, a leading provider of integrated digital solutions for the life insurance, pensions, savings, and investment markets in the UK, has unveiled significant enhancements to its SSG Digital® platform. The latest enhancements aim to bolster innovation among providers by enabling advisers to manage multiple contribution types, including regular premiums, single premiums, and transfer payments, according to FF News. Additionally, integration with...

Darktrace and Cado Security, a specialist in cloud investigation and response from the UK, are set to merge. Darktrace stands at the forefront of cybersecurity with innovative AI solutions, while Cado Security excels in providing comprehensive support across multi-cloud, container, serverless, SaaS, and on-premises environments. This merger, awaiting regulatory approval, is expected to conclude in February and marks a...

The CFPB formally recognized Financial Data Exchange, as a standard-setting organization for Open Banking under the bureau's Personal Financial Data Rights rule. This landmark decision marks FDX as the inaugural standard-setting body acknowledged under this rule since its inception in October 2024. The CFPB's recognition of FDX sets a precedent in the regulatory framework, ensuring that financial institutions and other providers...

Boxx Insurance, a Toronto-based InsurTech firm specialising in cybersecurity and digital risk management, has launched a cybersecurity solution tailored for business travellers. The launch of the product, known as Cyber Assist, is in partnership with World Travel Protection, a member of the Zurich Insurance Group, according to InsurTech Insights. The introduction Boxx Insurance’s commitment to addressing the growing risks of cyber...

In 2024, the AI landscape experienced a defining shift with the initiation of the Partnership for Global Inclusivity on AI (PGIAI), announced by U.S. Secretary of State Antony Blinken. According to Corlytics, this pivotal movement underscores a global commitment to integrating ethical standards into AI technologies. For companies like Corlytics, this marks a continued evolution in aligning cutting-edge tech developments...