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NatWest faces 100 million cyber attacks every month

NatWest is bombarded with 100 million cyber attacks every month, the UK bank’s head of cyber security has revealed.

Monzo surpasses £1bn revenue milestone

UK fintech Monzo has recorded a sharp rise in profitability and posted revenue in excess of £1bn for the first time.

Dual names head of transactional risk division

Mergers and Acquisitions, P/C Insurers

BNP Paribas to provide carbon-linked credit line to Ant Group

BNP paribas is to provide a sustainability-linked revolving credit line to Ant Group, verifying the Chinese company’s green credentials via a blockchain-based carbon management platform.

Hawaii court lets theater’s COVID suit against Allianz unit go forward

Coronavirus, P/C Insurers Allianz

Canada’s Portag3 closes CAD$427m fintech fund

Canadian outfit Portag3 Ventures has closed a CAD$427 million (US$321 million) fund focused on early stage investments in the fintech sector.

Revolut finally wins UK banking licence

Revolut’s long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.

LOOP renews reinsurance program led by same reinsurers as prior

LOOP, a Public-Benefit Corporation and Artificial Intelligence-powered auto insurer, has successfully renewed its reinsurance program and will go into effect for an extended 15-month term.

Turkey’s Sipay raises $78 million

Turkish emebedded finance fintech Sipay has raised $78 million at a valuation of $875 million.

4 capabilities of SVR Tracking’s new wireless GPS device

SVR Tracking, a leading provider of asset management solutions for the automotive industry, released its newest GPS tracking device this week. The company highlighted its SVR504 combines the convenience of a self-powered device with one of the longest-lasting batteries in … [Read More]

Money 20/20: A spotlight on the fintech reopening access to African markets

At the start of Covid, large Fortune 500 companies began to leave the African financial markets, citing too much illiquidity and uncertainty. One Ireland-based startup, featured on this year’s Money 20/20 ‘Startup Spotlight’ session, built a solution.