Amid the rapid evolution of banking, digital-first banks like Starling and Metro Bank are facing increased regulatory scrutiny, particularly around AML controls. According to Corlytics, these challenger banks, known for their innovation and customer-focused services, are transforming the industry by filling service gaps left by traditional banks. They attract underserved demographics with features such as real-time payments and seamless app...

Manzil Wealth has launched Canada’s first comprehensive halal wealth management solution.  The launch of the Manzil Wealth Platform addresses a growing demand among Canadian Muslims for comprehensive halal financial services, according to FF News. The platform fills a critical gap by offering solutions tailored to ethical and Sharia-compliant investing and wealth management. Manzil Wealth specialises in providing Sharia-compliant financial services, including halal...

Spendesk, a French spend management platform, has introduced a financial services division under the name Spendesk Financial Services. This development is enabled by a licence from the Autorité de contrôle prudentiel et de résolution (ACPR), empowering the firm with end-to-end control over its payment services infrastructure, according to Finextra. The launch addresses a critical need for European SMEs and midmarket companies...

Salv has recently introduced its Collaborative Scenario Library, a pioneering tool designed to enhance the effectiveness of AML teams.

Previsico, a specialist in surface water flood forecasting, has partnered with Esri UK to help UK businesses and organisations mitigate future flood impacts and losses. The partnership will integrate Previsico’s forecasting solutions with Esri UK’s existing offerings, according to FF News. Through an API, Previsico’s technology will be accessible to Esri UK’s customers across various sectors, including utilities, transport, architecture, engineering,...

Key CyberTech investment stats in Q3 2024: Global CyberTech deal activity dropped by 26% YoY Global CyberTech deal activity projected to drop by 45% for 2024 as investors focus on larger deals Torq, a leader in AI-driven cybersecurity hyper-automation solutions, secured one of the largest CyberTech deals for the quarter with a Series C funding round of $70m In the...

The RTA has unveiled its annual Industry Perspectives Report, delineating the accelerating maturity and expansion of the RegTech sector into new verticals such as healthcare and telecommunications.

On November 14th, TAINA's Tax SME, Sean Sutton, took part in a dynamic panel discussion organized by the Investment Industry Association of Canada (IIAC). According to TAINA, joined by fellow experts Amy Harkins from Broadridge and Guy Vadish of Artiffex, the session, skillfully moderated by Simon Lee from CIBC Mellon, delved into the integration of AI within the tax...

Microsoft has unveiled new AI models tailored specifically for different industries, promising to redefine how businesses handle operational challenges.

B.P. Marsh & Partners, a specialist private equity investor in early-stage financial services firms, has made a $12.6m investment in XPT Group, a leading US-based insurance distribution platform. The funding is a mix of equity purchase and a new loan facility. Alongside this, XPT has expanded its banking facilities, now benefiting from a $122m total loan facility provided by Apogem...