ECB stress test reveals potential climate peril for European banks

A climate stress test by the European Central Bank (ECB) has found firms based in areas most open to physical risk could see their creditworthiness impacted by climate change.

40% of financial institutions could take a decade to implement open banking

A survey by open banking platform Tink has found that four in ten executives believe it will take their organisation between 5-10 years to fully implement open banking.

Emerging markets set to lead mobile wallet uptake by 2025

A global study by Boku has found that emerging markets in Latin America and Africa and the Middle East are set to see the largest uptake in mobile wallets by 2025.

Monese unveils new BaaS platform, enters partnership with Investec

Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.

Self Financial closes its third funding round in 18 months

Self Financial, which helps consumers build credit and savings, has netted $50m in its Serie E funding round

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.

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.

Amberdata nets $15m as it sets its eyes on international growth

Amberdata, a data and insights platform for blockchain networks, has closed its Series A on $15m as it looks to expand in the US.

World’s first DataSecOps platform Satori closes Series A

Satori, which cites itself as the world’s first DataSecOps platform, has closed its Series A round on $20m.

X-Margin scores $8m in its Series A

X-Margin, which offers credit scoring and risk monitoring services to financial institutions, has secured $8m in its Series A funding round.

News Stories

ESMA fines UnaVista €238,500 for EMIR failures

The European Securities and Markets Authority (ESMA) has fined trade repository UnaVista for alleged breaches of the European Market Infrastructure Regulation (EMIR).

FCA to team with BofE to develop blockchain-based regulatory reporting initiative

The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.

Risk of price bubble in ESG markets growing, BIS warns

The Bank of International Settlements (BIS) has warned of the escalating risk of a price bubble in environmentally-friendly-focused asset markets.

Cogévie teams with FRISS for anti-fraud services

Cogévie, a group health and welfare contract management firm, has teamed up with fraud prevention software developer FRISS to bolster its protections.

Swiss Re teams with Claim Genius to unveil AI solution for motor claims

Swiss Re has partnered with InsurTech firm Claim Genius to introduce an AI-powered solution for motor claims.

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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