Sunbit, a prominent player in the FinTech sector, has successfully closed a $355m debt warehouse facility.

Funding Societies, Southeast Asia's largest digital finance platform for micro, small and medium enterprises (MSMEs), announced a new milestone today with the signing of its third credit facility under the HSBC ASEAN Growth Fund.

Business Systems, a frontrunner in CX and contact centre solutions, alongside Teneo.ai, a leader in conversational AI orchestration, have declared a strategic alliance to revolutionise contact centres with Voice Automation and Gen AI technologies.

GLEIF and Finbridge Global are setting a new benchmark in identity verification within the FinTech sector.

Insurers face increasing pressure for transparent pricing, with calls for clarity and justification of premiums coming from management, agents, and customers alike. Transparency offers assurance and supports regulatory compliance. However, many insurers are now shifting towards data-driven pricing models that emphasise performance, customisation, and profitability over traditional transparency. Dynamic insurance pricing software provider Quantee explores the key reasons behind...

Swiss Re, a global reinsurance leader based in Switzerland, has announced the sale of its iptiQ European P&C business to Allianz Direct, the pan-European digital insurer of Allianz Group. This decision aligns with Swiss Re's recent strategic shift to exit the iptiQ business, reflecting its view that iptiQ would benefit from new ownership to drive long-term growth. The firm first announced...

A new two-year plan has been introduced to drive the Isle of Man's financial sector towards greater involvement in climate-focused investments and environmentally conscious practices. The Sustainable Finance Roadmap aims to channel capital into investments that prioritise environmental and social considerations, according to BBC News. Key objectives include promoting skills development within the industry and revisiting existing regulatory, legislative, and policy...

KPMG’s recent analysis titled "Navigating EU Taxonomy: Progress and Pathways to Compliance" delves into the EU Taxonomy disclosures of 291 European companies. According to ESG News, the findings are particularly pertinent for U.S. firms, especially those with operations in Europe or those planning global expansions. The report outlines key trends and shortcomings in sustainability reporting which are crucial as...

DBS Bank has welcomed Shilpa Gulrajani as its new Head of Sustainable Finance for Institutional Banking.

Key Global FinTech investment stats in Q3 2024: Global FinTech investments dropped by 55% YoY US companies continue to dominate the global FinTech space completing 60% of the top 10 deals for the quarter Alan, the French insurance unicorn known for its streamlined health insurance and digital health secured a $193m Series F funding round to be the only...