Similar Posts
Corporate Treasurers Become More Selective: Insights from TreasurySpring’s ESG Survey
TreasurySpring, in collaboration with the London Stock Exchange and the Association of Corporate Treasurers, has published its annual sustainable finance survey, highlighting corporate treasurers’ adaptations to ESG strategies amid market changes. Key findings reveal a decline in investment in ESG products, with 55% of organizations not investing, and a drop in ESG’s influence on cash strategies from 63% in 2022 to 30% in 2024. However, ESG considerations in supply chains have increased to 47%. Experts indicate a shift towards more concrete, effective ESG strategies, emphasizing operational effectiveness and investor alignment, while sustainability reporting continues to improve.
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.
Top WealthTech Markets to Watch in 2025: Key Trends and Opportunities
The WealthTech sector is set for substantial growth, with the market projected to reach $5.4 billion by 2024 and $9.4 billion by 2028, growing at a 14.9% CAGR. While established markets like the US and Europe face declining funding—down 65% and 80% respectively—emerging markets are gaining traction, with significant deals in countries like Chile, India, and Indonesia. The GCC region is highlighted as a key innovation hub, expected to grow from $5.4 billion in 2023 to $23.1 billion by 2032. Opportunities also arise in Latin America and Southeast Asia, driven by digital adoption among younger populations.
Unlocking Corporate Sustainability: The Essential Role of Auditors in Impactful Reporting
Corporate sustainability reporting has evolved from a voluntary practice to a critical business necessity due to stakeholder demands for transparency. Auditors now play a vital role in validating environmental, social, and governance (ESG) disclosures, expanding their focus beyond financial accuracy. The 2023 Corporate Sustainability Reporting Directive (CSRD) enhances ESG reporting by standardizing data and empowering auditors to provide assurance, combating greenwashing. It offers two assurance levels: limited and reasonable, which bolster the credibility of sustainability reports. However, auditors face challenges in mastering ESG techniques and adapting to new technologies. Their evolving role is essential for fostering stakeholder trust in ESG efforts.
German Pension Tech Start-Up Penzilla Secures €3.2M Funding to Revolutionize Retirement Planning
Penzilla, a Munich-based pension technology company, is transforming occupational pension management with its innovative digital platform. Recently, it raised €3.2 million in seed funding from investors including Acadian Ventures and Delin Ventures. The platform automates complex pension processes, integrating with popular HR and payroll systems like SAP and Personio. This funding will help Penzilla strengthen its market position and expand partnerships with major pension providers like Allianz and Swiss Life. Catering to clients such as Lacoste and ProSiebenSat.1, Penzilla aims to modernize HR practices, reducing reliance on outdated methods like Excel and paper files.
SavvyMoney Expands Digital Lending Landscape with CreditSnap Acquisition for Enhanced Onboarding Solutions
SavvyMoney has acquired CreditSnap to enhance its digital lending solutions, aiming to provide a seamless financial experience for banks and credit unions. The acquisition combines SavvyMoney’s personalized credit insights with CreditSnap’s modular technology, enabling efficient loan origination through integration with over 73 systems. This partnership is expected to reduce loan application processing time from 12 minutes to just 2, increase loan volumes by 20-40%, and achieve high deposit funding rates of 78%. Both companies share a vision of improving financial access through user-friendly technology, positioning themselves to meet modern customer expectations effectively.