Bespin Global, an international cloud management and consulting firm for banks, is seeking to help U.S. banks build their open banking tech stack through a partnership with London-based Ozone API. The move comes as U.S. banks work to implement the open banking rule that was finalized by the Consumer Financial Protection Bureau last year. The
Redline Underwriting, a leading player in the insurance sector, has announced the launch of its new comprehensive property facultative reinsurance solution. The company, renowned for its tailored risk solutions, aims to meet the growing demand for reinsurance in Mexico, Central and South America, and the Caribbean, according to InsurTech Insights. The introduction of this new
Efcom and Lenvi Riskfactor (UK) have recently announced a strategic partnership aimed at revolutionising the receivables finance industry. Lenvi Riskfactor is recognised as a global pioneer in risk management software, utilised worldwide by receivables finance providers and asset-based lenders. The software assists in managing risks, curtailing fraud, and maximising efficiency. Over the past 20 years, Lenvi
Linker Finance, a dynamic FinTech company focused on revamping the digital banking sector for community banks, has announced a successful seed funding round. The company has raised a substantial $3.7m, which was led by Ten One Ten Ventures and Chingona Ventures. This round also saw participation from a mix of venture capitals and angel investors
By Gloria Methri Today Digital Mortgages Einstein FinTech MortgageBox, a new FinTech platform, has launched to streamline the mortgage search process for over a million people seeking mortgages annually. The website (MortgageBox.co.uk) connects mortgage shoppers with up to five FCA-regulated mortgage advisers at no cost, increasing their chances of securing the best rates. As many
By Gloria Methri Today Europe Financial Data Management Financial Planning Open finance provider Insurely has announced the launch of a new product, Investment Data Access. The solution enables banks and other financial institutions to access data on their customers’ investments in real-time. It covers various investment categories, such as stocks and mutual funds held in
Facing an economic crisis and consequently fewer US dollars and other hard currencies, Egypt floated a three-year sustainability panda bond worth 3.5 billion yuan (US$478 million) in October. Panda bonds – typically denominated in yuan and issued in China by non-Chinese organisations, including governments and corporations – have gained traction as traders and countries seek
By Gloria Methri Today Bank Fraud Bank Of Ireland Cyber Scams Recent data from the Bank of Ireland reveal that the volume of investment fraud attempts surged by 76% in the first half of 2024 compared to the same period in 2023. The majority of cases see fraudsters re-targeting victims through phone calls and messages,
In the financial world, open banking has emerged as a game-changer, enabling innovation and competition like never before. A recent study by Konsentus, a leading open banking-based Software-as-a-Service platform, sheds light on the global spread of open banking initiatives. It’s an exciting journey that showcases how the financial industry is transforming to meet the digital
Dutch digital bank bunq is the first challenger to be included in the banking guide on honestegeldwijzer.nl (EGW). The EGW (The Dutch Fair Finance Guide) was founded in 2009 and serves as a quality mark that enables consumers to consciously choose a sustainable bank. Banks are assessed independently and on predetermined criteria. Read also: Dutch challenger