Hong Kong’s SFC unveils consultation conclusion on AML/CFT guideline amendments

Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.

How will hybrid working impact the future of broking?

One of the most potentially longstanding trends to emerge over the past year is hybrid working, with the working model expected to persist as the workforce becomes more accustomed to the work-life balance it offers them.

How can InsurTechs secure strong growth in emerging economies?

One of the key recent trends in global insurance has been the growth of InsurTechs in emerging markets. Research by SwissRe previously forecasted that emerging market premiums would more than double over the next ten years and outpace advanced market premium growth by four times. Post-pandemic, is this forecast still relevant?

Number of new FinTechs fall as investors hedge bets on established firms

Research by Claurus Investments has found investment in early-stage FinTech funding rounds is declining as investors begin to focus their capital on more mature companies.

Envelop Risk concludes SoftBank-led Series B with $130m

Cyber and speciality (re)insurance firm Envelop Risk has secured $130m from a Series B funding round led by SoftBank Vision Fund 2.

Bank of England issues letter to banks on regulatory reporting shortfalls

The Bank of England (BofE) has sent a warning letter to banks and building societies for not supplying correct information to help regulators identify risks to the financial system.

Rogue mobile banking app presence records 140% year-on-year hike

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.

Neosec emerges from stealth mode with $20.7m in a Series A funding round

Neosec came out of stealth mode and completed its Series A fundraise with a total investment of $20.7m from True Ventures, New Era Capital Partners, TLV and SixThirty.

Sproutt eyes bolstered life insurance offering following $26m Series B raise

Life insurance firm Sproutt has raised $26m from a Series B funding round led by MoreTech Ventures.

InsurTech unicorn Groww in talks to close $250m in new investment round

Indian startup that helps millennials invest in mutual funds and stocks Groww is reportedly in talks to raise a new financing round at a $3bn valuation.

News Stories

FinTech-focused venture firm QED Investors closes fund on $1.05bn

Global FinTech-focused venture capital firm QED Investors has closed its seventh fund on $1.05bn, as it eyes opportunities in US, UK, Latin America and Southeast Asia.

Grow Credit secures $106.3m in seed round made of debt and equity

Grow Credit, which hopes to bolster financial inclusion, has netted $106.3m in its seed round, which comprised of debt and equity.

Kolide raises $17m in round led by OpenView Partners

Endpoint security platform Kolide has picked up $17m in its Series B funding round, which was led by Boston-based venture firm OpenView Partners.

Form3 raises $160m in its Series C round

Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.

Foxquilt bags funding to bolster growth in US and Canada

North American InsurTech company Foxquilt has bagged $8m in a funding round that will support its expansion across the US and Canada.

See how insurance firms can use it to personalise their offering

Did you know that by 2025, almost 30% of all data created, captured, or replicated by consumer devices will be created in real-time.

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