Wrisk closes contents insurance app as it looks to next growth phase

Mobile-based insurance startup Wrisk has closed its contents insurance app to new customers

SIMON Markets forms partnership with Raymond James to support digital annuities

SIMON Markets and Raymond James Financial have formed a partnership to help advisors improve their digital annuities processes.

Five reasons why MiFID II’s Article 16 is such a headache to deal with

The EU’s Markets in Financial Instruments Directive (MiFID II) was created to make the regulatory framework protecting investors clearer. However, it is still tricky to comply with.

Airbnb raises $1bn to tackle the coronavirus crisis

PropTech giant Airbnb has raised $1bn as it is dealing with a massive drop in business after COVID-19 caused huge disruptions in the travel industry.

The Reserve Bank of New Zealand taps SIA for new banking infrastructure

New Zealand’s central bank and SIA, the payment services and infrastructures company, have replaced two separate platforms with a new solution.

ESMA has updated its Q&A about the Credit Rating Agencies Regulation

Credit rating agencies have reason to swing by the European Securities and Markets Authority’s (ESMA) website as the body has just provided some extra insights into how they are regulated.

Slow onboarding processes could cost billions in revenue for banks

Slow and manual onboarding processes could lead to commercial and business banks losing $4.5bn in revenue, according to a new study from client lifecycle management company Fenergo.

How Carbon overcame the challenges of setting up a FinTech startup to support Nigeria’s...

Nigeria is at the centre of Africa’s FinTech revolution. Native Carbon aims to play a pivotal role in creating a thriving ecosystem where men and women have access to financial services.

Cybersecurity scaleup Acronis achieves unicorn status after $147m funding round

Singapore-founded and Switzerland-headquartered Acronis’ CEO says the company is valued between $1bn and $2bn after the cybersecurity firm’s latest round.

UK neobank Gravity picks Finastra for its core banking capabilities

A London-based new digital bank has chosen to team up with Finastra, the financial services scaleup.

News Stories

Swedish Financial Supervisory Authority penalises SEB with $112m fine for AML failings

The Swedish Financial Supervisory Authority (SFSA) has given Nordic bank SEB with a SEK1bn ($112m) administrative fine after failings in its anti-money laundering efforts.

Swedbank is being investigated by the Swedish Financial Supervisory Authority for suspected compliance breaches

The Swedish Financial Supervisory Authority (SFSA) has initiated an investigation into Swedbank for suspected breaches of market abuse.

The European Banking Authority releases online survey for support on ESG risks

The European Banking Authority (EBA) issued a online survey to credit institutions to offer guidance on the disclosure of information on environmental social governance (ESG) risks.

The European Central Bank is reducing the burden of reporting for banks

The European Central Bank (ECB) has reduced the reporting burden banks in Europe face without impacting the amount of information it is able to collect.

The UK’s FCA launches new review of unsecured credit market

The UK’s Financial Conduct Authority (FCA) has launched a review of the future regulation of the unsecured credit market, which could see crackdown on companies

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