Tag: financial technology
Boosting bank security: How HCL BigFix aligns with RBI’s latest compliance...
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.
ELEMENT, German InsurTech innovator, secures €50m in latest funding round
ELEMENT, a trailblazing InsurTech startup based in Germany, has successfully closed a funding round, securing €50m. The investment comes from notable entities including Versorgungswerk der...
London RegTech GSS secures $47m to bolster global sanctions compliance
Global Screening Services (GSS), headquartered in London, has announced a fresh infusion of $47m.
RegTech pioneer GSS secures $47m in transformative Series A2 funding
Global Screening Services (GSS), a forefront runner in the RegTech industry, has successfully completed its Series A2 funding round, securing over $47m (£37m).
Copilot Money secures $6m in Series A funding to revolutionise personal...
Copilot Money, a burgeoning FinTech startup, has announced a significant milestone in its growth journey, securing $6m in Series A funding.
Mastercard and SAP Concur partner to revolutionise expense management for businesses
Mastercard, a global leader in digital payment solutions, and SAP Concur, the forefront provider of integrated travel, expense, and invoice management services, have initiated a groundbreaking partnership aimed at streamlining the expense reporting process for businesses and their employees.
One Inc secures strategic investment from Nordic Capital to spearhead digital...
One Inc, a pioneering digital payments platform dedicated to revolutionising the North American insurance industry, has recently announced a significant new investment from Nordic Capital.
Revolutionising finance: The rise of embedded finance in 2024
As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.
Metrobank partners with Temenos to elevate wealth management in the Philippines
Metrobank, one of the largest banks in the Philippines, has announced a significant partnership with Temenos, a global leader in banking software, alongside Collaboration Betters the World (CBTW), a tech and business solutions provider.
The role of KYC Portal in real-time risk assessment
In an age where the regulatory landscape is as unpredictable as ever, and the integrity of businesses hangs by a thread, companies are increasingly...