WealthTech & Robo-Advisors

Betterment Confirms Data Breach Affecting 1.4 Million Customers Following Social Engineering Attack

by Evan Lee Salim
written by Evan Lee Salim
Betterment, a leading digital investment advisory firm, has disclosed details surrounding a significant security incident that occurred on January 9, 2026. The company confirmed that a sophisticated social engineering attack led to unauthorized access to an employee's account, resulting in the potential exposure of data belonging to approximately 1.4 million customers and business contacts....
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WealthTech & Robo-Advisors

Legal & General Aims to Double Asian Assets Under Management to $500 Billion Amidst Global Expansion Drive

by Azzam Bilal Chamdy
written by Azzam Bilal Chamdy
London, UK – Legal & General Investment Management (LGIM), the asset management arm of the UK-based financial services giant, has set its sights on a significant expansion in Asia, aiming to nearly double its assets under management (AUM) in the region to approximately $500 billion. This ambitious target is a cornerstone of the company's broader international growth strategy, spearheaded by Chief Executive Antonio Simoes....
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InsurTech & Future of Insurance

$3.5bn Aon expands data centre insurance programme capacity amid AI boom

by Ammar Sabilarrohman
written by Ammar Sabilarrohman
Aon, a leading global professional services firm, has announced a significant expansion of its Data Center Lifecycle Insurance Program (DCLP), increasing its total capacity to $3.5 billion. This $1 billion augmentation comes as a direct response to the escalating demand for comprehensive risk management solutions within the data center sector, a market currently driven by the rapid proliferation of artificial intelligence (AI), cloud computing, and hyperscale infrastructure....
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InsurTech & Future of Insurance

Severe Storms and Record Rainfall Inundate Midwest as Wisconsin and Michigan Declare States of Emergency Amid Tornadoes and Flash Floods

by Iffa Jayyana
written by Iffa Jayyana
The Midwestern United States is grappling with the aftermath of a violent and persistent weather system that has unleashed record-breaking rainfall, confirmed tornadoes, and widespread infrastructure damage across several states. From the inundated streets of Milwaukee to the storm-scarred neighborhoods of Ann Arbor, local and state authorities are working around the clock to manage a growing humanitarian and environmental crisis....
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RegTech & Financial Compliance

RegTech Funding Surges to Nearly 3 Billion Dollars in Record-Breaking First Quarter of 2026 as AI Security Dominates Market Interest

by Rifan Muazin
written by Rifan Muazin
The global regulatory technology sector has commenced the 2026 fiscal year with unprecedented momentum, securing nearly $3 billion in capital across the first three months. This robust performance follows a transformative 2025, signaling a permanent shift in how financial institutions and enterprises view the intersection of compliance, data sovereignty, and artificial intelligence....
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RegTech & Financial Compliance

Navigating the New Frontier of Financial Crime Compliance Insights from the State of Financial Crime 2026 New York Leadership Summit

by Pevita Pearce
written by Pevita Pearce
The landscape of global financial crime compliance is undergoing a seismic shift as the industry transitions from theoretical discussions about artificial intelligence to a phase of comprehensive, practical deployment. This evolution was the central focus of a high-level leadership summit recently held in New York, where senior financial crime experts and compliance leaders gathered to pressure-test the findings of the State of Financial Crime 2026 report....
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RegTech & Financial Compliance

US Customs and Border Protection to Launch CAPE System for Billions in Tariff Refunds Starting April 20

by Raul Delapena Setiawan
written by Raul Delapena Setiawan
The United States government is finalizing the deployment of a sophisticated new financial infrastructure designed to facilitate the return of billions of dollars in tariff overpayments to thousands of domestic businesses. On April 20, U.S....
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RegTech & Financial Compliance

Choosing the Right KYC Software: A Strategic Guide to Financial Compliance and Fraud Prevention in 2024

by Neng Nana
written by Neng Nana
The global financial landscape is currently facing an unprecedented surge in financial crimes, with money laundering at the forefront of regulatory concerns. According to recent data from the United Nations Office on Drugs and Crime (UNODC), between 2% and 5% of the global Gross Domestic Product (GDP) is laundered annually—an astronomical figure representing between $800 billion and $2 trillion in US dollars....
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Open Banking & API Finance

Ahold Delhaize USA Expands Fiserv Partnership to Launch Pay by Bank for Seamless Omnichannel Grocery Payments

by Nana
written by Nana
Ahold Delhaize USA, one of the nation’s largest grocery retail groups, has officially announced a significant expansion of its strategic partnership with Fiserv, a global leader in payments and financial services technology. This collaboration introduces "Pay by Bank," a sophisticated digital payment solution, to Ahold Delhaize USA’s proprietary omnichannel platform....
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