Tag: financial technology

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, a trailblazing InsurTech startup based in Germany, has successfully closed a funding round, securing €50m. The investment comes from notable entities including Versorgungswerk der...

Global Screening Services (GSS), headquartered in London, has announced a fresh infusion of $47m.

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, a burgeoning FinTech startup, has announced a significant milestone in its growth journey, securing $6m in Series A funding.

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, a pioneering digital payments platform dedicated to revolutionising the North American insurance industry, has recently announced a significant new investment from Nordic Capital.

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, 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.

In an age where the regulatory landscape is as unpredictable as ever, and the integrity of businesses hangs by a thread, companies are increasingly...