Similar Posts
MENA InsureLab Partners with TIC to Propel InsurTech Innovation Forward
MENA InsureLab, an InsurTech accelerator, has secured strategic investment from TIC Technology Innovation Capital, a prominent US venture capital firm, as part of TIC’s $100 million fund aimed at supporting early-stage tech companies. MENA InsureLab focuses on digital transformation in insurance by connecting traditional firms with innovative startups. The investment includes not only financial backing but also software development services for equity, enhancing startup growth. With this funding, MENA InsureLab plans to expand operations, improve funding opportunities, implement mentorship programs, and facilitate market access in the MENA region, fostering collaboration and innovation in the InsurTech sector.
Combatting the Surge of Impersonation Scams: Essential Strategies for Financial Firms to Safeguard Against Fraud
WhatsApp scams targeting financial services are on the rise, prompting firms to enhance security measures. Fraudsters are impersonating executives and employees, leading to significant financial losses. These attacks, which have surged since late 2024, utilize encrypted messaging apps, making identity verification difficult. Scammers exploit publicly available information to request payments, banking details, or sensitive corporate information. Financial institutions are urged to educate clients and employees about communication protocols, update cybersecurity plans, and monitor regulatory guidance. Solutions like ACA Aponix® offer tailored cybersecurity measures to protect against impersonation attacks and improve organizational resilience.
myPOS Expands UK Presence by Acquiring UTP: Empowering SMEs with Enhanced Payment Solutions
myPOS has acquired UTP Group, a UK-based payment services provider, to bolster support for small and medium-sized enterprises (SMEs) in the UK and Europe. This acquisition enhances myPOS’s market presence through UTP’s extensive sales network and established customer base, providing SMEs with better payment solutions and support. myPOS CEO Mario Shiliashki highlighted that the goal is to empower UK SMEs with improved services and growth opportunities. UTP, founded in 2013, serves over 52,000 clients with diverse payment solutions. Clients will experience no immediate changes but will gradually access myPOS’s broader offerings.
SEB and Sustainalytics Join Forces to Revolutionize ESG Data for Superior Sustainable Finance
SEB, a leading Nordic financial services group, has partnered with Morningstar and Sustainalytics to enhance its Environmental, Social, and Governance (ESG) data management as part of its Tellus project. This initiative aims to create a unified sustainability framework across the bank, improving collaboration and client insights into financial decisions’ sustainability impact. Key features include a shared database for departments, insights for clients, and proactive compliance with upcoming regulations. With over two decades of collaboration with Morningstar, SEB is positioned to maintain leadership in sustainable finance, leveraging high-quality ESG data to innovate and adapt to evolving regulatory demands.
India Initiates Climate Taxonomy Consultation to Combat Greenwashing and Promote Sustainable Practices
India’s Ministry of Finance has unveiled a draft framework for its Climate Finance Taxonomy, aimed at boosting sustainable investment and combating climate change. To achieve its net-zero emissions target by 2070 and reduce emissions intensity by 45% by 2030, India requires approximately $2.5 trillion. The taxonomy will promote climate-friendly technologies, ensure access to affordable energy, and prevent greenwashing. It aligns with global standards and categorizes activities as either climate-supportive or transition-supportive. The framework will focus on critical sectors like iron, steel, cement, power, and agriculture. A public consultation for stakeholder feedback is open until June 25, 2025.
RegTech Innovator Muinmos Appoints Michael Thirer as New Chief Legal Officer
Muinmos has promoted Michael Thirer to Chief Legal Officer (CLO) to strengthen its legal and regulatory operations and enhance the Client Onboarding Platform. Thirer, who has been with the company for four years, previously served as Director of Legal, Governance, and Regulatory Affairs, significantly improving Muinmos’ compliance framework. His new role focuses on aligning the platform with evolving regulatory requirements. Founder and CEO Remonda Kirketerp-Møller praised Thirer’s contributions to the company’s growth and commitment to client satisfaction. Thirer highlighted the team-oriented culture at Muinmos, expressing optimism about the company’s future in the compliance sector.