Category: Doing Business Overseas

Having reported only a handful of minor cyberattacks over the past decade, banks in the Gulf Cooperation Council (GCC) are managing their exposure to cyber risk effectively, including through adequate digital security investments. This formed the primary narrative of the ‘Gulf Banks’ Strong Capitalisation Supports Resilience To Cyber Risk’ report, which has recently been published by…

Core banking expert Thought Machine raised $160 million in Series D funding. The investment was led by Temasek and saw participation from Intesa Sanpaolo, Morgan Stanley, Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group, and SEB. Thought Machine’s valuation now totals $2.7 million, double the valuation it held last fall. Core banking innovator Thought Machine landed…

The global appetite for cryptocurrencies is being starved by the lax anti-money laundering (AML) compliance controls that surround the industry. However, ComplyAdvantage has come up with a new solution that might help crypto companies detect financial crime and prevent money laundering. To assist firms in achieving this, the data technology and financial crime detection company…

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Here are the three most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Disclosure management market business overview The global disclosure management market is anticipated to grow at a significant CAGR of 16.1% during the forecast period (2022-2028). By automating the process of creating…

Consumers are ditching their physical wallets and purses in favour of the more streamlined alternative of mobile wallets and paytech. Smartphones facilitate a variety of functions for consumers when they are out and about. The coronavirus pandemic has also made people increasingly conscious of the need to make payments in an entirely contactless way, without…

As we step into the second half of Q2, the conference circuit is buzzing. Several events are lined up with an impressive cast of speakers, spanning inspirational founders, global leaders, senior investors, rising stars and so on. Not surprising, given that the insurance industry is facing its most profound disruption in decades. Artificial intelligence, Machine…

To improve sustainability data quality and support more effective sustainable finance, Hashstacs Pte Ltd (STACS) is to launch its newly-developed ESGpedia registry platform. ESGpedia is a single registry that aggregates, records and maintains the provenance of environmental, social and governance (ESG) certifications and data of companies across various sectors and global verified sources, utilising blockchain…