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Firenze Partners with Monument Bank in £160M Initiative to Make Lombard Loans Accessible for All
Firenze, a FinTech firm focused on Lombard lending, has partnered with UK challenger bank Monument Bank, committing £160 million to enhance its loan offerings. This partnership aims to democratize Lombard loans, previously exclusive to private banking clients, making them accessible to mass-affluent individuals. Key features include maintaining existing custody structures and utilizing liquid securities as collateral. Firenze’s CEO, David Newman, and Monument’s CCO, Wasim Khouri, emphasized the collaboration’s potential to innovate and challenge traditional banking norms. With rising demand for its services, Firenze is positioned as a significant player in the market, collaborating with investment firms managing over £50 billion in assets.
Transforming the RegTech Landscape: The Impact of US Regulatory Consolidation
In 2024, the Trump administration is moving towards consolidating federal financial regulators, potentially reshaping financial oversight. Discussions to merge institutions like the FDIC and OCC began last year, eliciting mixed reactions from the banking sector. While some see efficiency gains, others fear a loss of independence. This consolidation poses challenges and opportunities for RegTech firms, including regulatory changes and increased demand for automation. A potential deregulation may elevate state regulators’ roles, requiring localized compliance support. RegTech firms must adapt by updating data sources and enhancing state regulation coverage. The initiative could also impact global regulatory frameworks.
2025 Scam Trends: How Emerging Fraud Tactics Will Impact Consumers
Santander UK’s first Quarterly Scamtracker reveals £18.4 million was lost to scams in Q1 2025, a 13% decrease from the previous quarter. Despite this decline, scams remain a significant threat, with impersonation, advance fee, and romance scams accounting for nearly £3.5 million of losses. Purchase scams, although down 17%, still represent over half of claims, particularly concerning concert tickets. Chris Ainsley, Santander’s fraud risk management head, highlighted the increasing complexity of scams, urging consumers to stay informed. The report indicates rising scam incidents among older adults and younger consumers, prompting ongoing efforts to educate and protect customers.
Outdoorsy Group’s Roamly Expands into Canada: Strategic Acquisition of Canadian Access Boosts Outdoor Adventures
The Outdoorsy Group is expanding its InsurTech platform, Roamly, into Canada, marking a significant milestone in its international growth strategy. This expansion includes the acquisition of Canadian Access and opening a new headquarters in Toronto. Rich Sanders has been appointed president of Roamly, highlighting the importance of this venture. Roamly has partnered with Aviva to enhance insurance operations through technology. Its innovative platform offers streamlined underwriting, AI-powered pricing, and efficient policy management. With the Canadian insurance market expected to grow from CAD$82 billion to CAD$143 billion by 2029, Roamly aims to revolutionize the industry and develop tailored insurance products.
NetRise Secures $10M Series A Funding to Strengthen Software Supply Chain Security
NetRise, a cybersecurity firm specializing in software supply chain risk management, has raised $10 million in Series A funding, increasing its total funding to $24.8 million. Led by DNX Ventures and supported by other investors, this funding aims to enhance NetRise’s threat detection and visibility capabilities. The company offers tools like a Software Bill of Materials (SBOM) for identifying vulnerabilities and managing software assets. As cybersecurity threats linked to supply chain vulnerabilities rise, NetRise seeks to improve its platform for proactive monitoring and firmware security, establishing itself as a key player in addressing these growing challenges.
Hokodo Secures €10M to Accelerate B2B Credit Solutions Expansion Across Europe
Hokodo, a European leader in digital trade credit solutions for B2B transactions, has raised €10 million in equity funding to accelerate growth and enhance product development. Co-led by Korelya Capital and Opera Tech Ventures, the investment will support product innovation, operational scaling, and omnichannel solutions, including a partnership with French merchant RÉTIF. Founded in 2018, Hokodo is the first regulated electronic money institution in its sector. Co-founder Richard Thornton highlighted the importance of adapting to traditional sales processes. Investor Franco Danesi praised Hokodo’s rapid expansion across Europe, positioning it as a key player in the B2B BNPL landscape.