Global corporates could save $100bn in yearly transaction costs through CBDCs
A joint report from J.P Morgan and Oliver Wyman has predicted up to $100bn annually could be saved in transaction costs through a central bank digital currency (CBDC) network.
Clausematch experiences strong Asia growth through Ingenia collaboration
RegTech firm Clausematch has revealed it is undergoing ‘significant growth’ in Asia after having signed on five new clients on the continent in just three months.
Security platform Wabbi closes oversubscribed seed funding round
US continuous security platform Wabbi has secured $2m from a seed funding round led by Mendoza Ventures.
UK to force financial institutions to publish net zero transition plans
UK Chancellor of the Exchequer Rishi Sunak has revealed that the UK will force financial institutions to publish its plans on how they will transition to net zero.
FCA eyes investment classifications in bid to support ESG
The UK’s Financial Conduct Authority (FCA) has released a discussion paper to classify and label investment products to help investors better manage their sustainability.
Regnology taps new chief executive on the back of recent rebranding
RegTech firm Regnology has appointed Rob Mackay to the role of CEO following the company’s recent renaming from BearingPoint RegTech.
Singapore-based Multiplier secures funding round
Multiplier, a Singapore-based HR and payroll platform, has reportedly collected $13.2m in fresh funding that will enables its expansion efforts.
The funding round was led...
Regulation of stablecoins in sight following US Treasury body report
A recent report has called on the US Congress to regulate the issuers of stablecoins and has urged agencies to assess whether the coins pose a systemic risk.
ESG a growing factor for decision making in insurance, AM Best study finds
A recent survey by AM Best has found that six in ten US insurance companies agree demand from stakeholders to consider ESG factors in their decision making is growing.
DevSecOps startup Oxeye emerges from stealth with $5.3m seed raise
Israeli firm Oxeye has arisen from a period of stealth by securing $5.3m in seed round financing.