Swiss startup CarbonPool achieves 12 million seed rounds
Swiss insurance technology company CarbonPool has reached a seed round of $12 million, becoming the largest seed round in the European climate finance sector for 2023. This round of financing is led by a consortium and several major angel investors. The company's business model is to directly underwrite the carbon credit market with carbon credits, rather than paying in cash. This method ensures that companies purchasing carbon credits will receive a license to place orders even if the issuer is unable to deliver.
Information link:
https://carboncredits.com/carbonpool-raises-12m-in-seed-funding-from-climate-focused
Comment: CarbonPool's vision is to work with partners to mitigate the risks associated with carbon investment and accelerate the transition to a zero carbon economy.
Israel FinTech Sequence Financing $5.5 million
Israeli fintech company Sequence received $5.5 million in financing. This fintech company has developed a financial router that allows users to visually see cash flows and create transfer rules. For example, users can create rules to stop transferring funds to credit cards when their debt falls below a certain limit.
Information link:
https://coverager.com/sequence-raises-5-5-million
Comment: Users can bind multiple credit cards, loans, bank accounts, and financial applications. At the same time, they collaborate with financial advisors to sell. The product is priced between $8.73 and $34.97 per month.
Loora, a generative AI driven English learning application, received $12 million in Series A financing
Recently, according to overseas media reports, Loora, an English learning application driven by generative artificial intelligence, announced that it has completed a Series A financing of $12 million. With the help of new funds, Loora will expand its team size, enhance its ability to reproduce AI on its platform, and expand to a larger user base. Loora was founded by Roy Mor and Yonti Levin in 2020, aiming to use generative artificial intelligence to learn English more fluently and easily. This application can also provide real-time pronunciation and grammar feedback for any topic dialogue.
Information link:
https://www.prnewswire.com/news-releases/loora
Comment: Loora's conversational artificial intelligence allows learners to practice and hone their English skills using topics and contexts that suit them, whether it's role-playing real-life scenarios such as job interviews, engaging in conversations on topics of interest to them, or practicing social interaction in English.
Overseas Figure AI Completed Series B Financing of 675 million US dollars
According to foreign media reports, Figure AI, a humanoid robot startup, raised approximately $675 million in its latest round of financing, with a pre investment valuation of approximately $2 billion. Amazon founder Jeff Bezos, Nvidia, and other large technology companies are investing in Figure AI, which is also supported by ChatGPT manufacturer OpenAI and Microsoft. Bezos has promised to invest $100 million through his company Explore Investments LLC, Microsoft will invest $95 million, and Nvidia and Amazon affiliated funds will each provide $50 million.
Information link:
https://fortune.com/2024/02/23/jeff-bezos-nvidia...
Comment: According to the introduction, Figure AI was founded in 2022 and is a developer of universal humanoid robots. Its goal is to develop universal humanoid robots that can work in different environments and handle various tasks.
CFC launches Seller Protect insurance product
CFC has launched a Seller Protect insurance product, the first transactional liability insurance product that can be embedded in US online M&A platforms. This product was originally launched on the online M&A platform Flippa, and Seller Protect was specifically designed for small businesses active on the platform to help mitigate potential risks in M&A transactions.
Information link:
https://www.cfc.com/en-us/resources/news/2024/01/...
Comment: This product can guarantee legal liability for false statements made to buyers, and can fully compensate the seller for their claims and litigation costs.
Insurance technology company Coalition launches comprehensive professional liability insurance
Coalition, an active insurance technology company, has launched a comprehensive professional liability insurance to protect businesses from losses caused by errors and omissions in professional services. This product includes an active network insurance product that covers litigation costs, compensation, and other expenses incurred in claims. Their proactive risk platform provides automatic security alerts, threat information, expert guidance, and cybersecurity tools to help businesses resist and manage network risks
Information link:
https://www.coalitioninc.com
Comment: Coalition currently offers comprehensive online insurance products to markets in the United States, United Kingdom, Canada, and Australia.
Ansheng Global Healthcare launches virtual payment cards
Ansheng's health insurance department has launched a new virtual medical payment card for global healthcare promotion. Ansheng Global Healthcare's latest product aims to simplify customer claims processes, with a recent survey showing that time and management are the biggest obstacles to making health insurance claims. Ansheng Global Healthcare's new healthcare payment card marks the first step in providing members with a digital wallet, where they can easily store and access the content they need when they need to use international health insurance policies.
Information link:
https://healthcare.axa.cn/template/healthPolicy/...
Comment: This allows members to pay eligible outpatient treatment fees, such as over-the-counter medication, through their mobile phones without the need to use their own funds or submit lengthy and time-consuming claims.
Porch Group and Yian Group have reached a $25 million partnership
The parent company of American insurance company Homeowners of America, Porch Group, announced a strategic partnership agreement with Aon Insurance and Aon Reinsurance Brokerage. According to the agreement, Porch Group's subsidiaries will use various services provided by Yian Reinsurance Brokerage Company. Porch will receive approximately $25 million in advance and will receive $5 million over the next four years, on the condition that Porch waives its claim against Yian for Vesttoo's letter of credit fraud. Yian and Porch Group will start cooperating with 2024 Reinsurance on April 1, 2024.
Information link:
https://ir.porchgroup.com/investors/news/news...
Comment: Porch Group is a vertical real estate software and insurance platform that provides software and services to over 30000 housing service companies such as property testing, mortgage companies, property rights companies, moving companies, real estate brokers, etc. CFC launches Seller Protect insurance product
CFC has launched a Seller Protect insurance product, the first transactional liability insurance product that can be embedded in US online M&A platforms. This product was originally launched on the online M&A platform Flippa, and Seller Protect was specifically designed for small businesses active on the platform to help mitigate potential risks in M&A transactions.
Information link:
https://www.cfc.com/en-us/resources/news/2024/01/...
Comment: This product can guarantee legal liability for false statements made to buyers, and can fully compensate the seller for their claims and litigation costs.
Insurance technology company Coalition launches comprehensive professional liability insurance
Coalition, an active insurance technology company, has launched a comprehensive professional liability insurance to protect businesses from losses caused by errors and omissions in professional services. This product includes an active network insurance product that covers litigation costs, compensation, and other expenses incurred in claims. Their proactive risk platform provides automatic security alerts, threat information, expert guidance, and cybersecurity tools to help businesses resist and manage network risks
Information link:
https://www.coalitioninc.com
Comment: Coalition currently offers comprehensive online insurance products to markets in the United States, United Kingdom, Canada, and Australia.
Ansheng Global Healthcare launches virtual payment cards
Ansheng's health insurance department has launched a new virtual medical payment card for global healthcare promotion. Ansheng Global Healthcare's latest product aims to simplify customer claims processes, with a recent survey showing that time and management are the biggest obstacles to making health insurance claims. Ansheng Global Healthcare's new healthcare payment card marks the first step in providing members with a digital wallet, where they can easily store and access the content they need when they need to use international health insurance policies.
Information link:
https://healthcare.axa.cn/template/healthPolicy/...
Comment: This allows members to pay eligible outpatient treatment fees, such as over-the-counter medication, through their mobile phones without the need to use their own funds or submit lengthy and time-consuming claims.
Porch Group and Yian Group have reached a $25 million partnership
The parent company of American insurance company Homeowners of America, Porch Group, announced a strategic partnership agreement with Aon Insurance and Aon Reinsurance Brokerage. According to the agreement, Porch Group's subsidiaries will use various services provided by Yian Reinsurance Brokerage Company. Porch will receive approximately $25 million in advance and will receive $5 million over the next four years, on the condition that Porch waives its claim against Yian for Vesttoo's letter of credit fraud. Yian and Porch Group will start cooperating with 2024 Reinsurance on April 1, 2024.
Information link:
https://ir.porchgroup.com/investors/news/news...
Comment: Porch Group is a vertical real estate software and insurance platform that provides software and services to over 30000 housing service companies such as property testing, mortgage companies, property rights companies, moving companies, real estate brokers, etc.
PayPal invests in artificial intelligence startup Rasa
PayPal is investing in an artificial intelligence technology provider as the company seeks to integrate technology into its own business. PayPal CEO Alex Chris stated last month that the payment platform plans to use AI to provide customers with purchase discounts. This investment comes as PayPal is attempting to regain its foothold under the new leadership. The company hired Chris last year and he has been building his own management team this year. The new CEO stated that he is seeking to streamline the company by divesting some businesses as necessary in order to initiate profitable growth.
Information link
https://newsroom.paypal-corp.com/2023-02-14-PayPal...
Vincora acquires Crealogix to strengthen the bank's technology investment portfolio
Crealogix was founded in 1996 and is headquartered in Zurich. It focuses on providing digital banking and wealth management solutions, including solutions that support conversational artificial intelligence, digital funding portals, and loan platforms for 600 financial institutions in 15 countries. After the acquisition, the company will continue to operate independently under the leadership of current CEO Oliver Weber.
Information link:
Fintechnologews.ch/fintech/vencora acquisitions logic x/69499/
BNY Mellon appoints Gary Delaney as the new international CISO
US banking giant BNY Mellon has appointed Gary Delaney as its new International Chief Information Security Officer (CISO). Delaney will be stationed in Dublin and report to BNY Mellon's CISO Matthew McCormack, who is responsible for leading the bank's information security department and protecting the security of customer assets. Prior to this, he held multiple senior technical positions at AIB Group, including Technical Architecture Manager and Network Security Transformation Manager. BNY Mellon was founded in 1784, claiming to be the oldest bank in the United States and the first company to be listed on the New York Stock Exchange.
Information link:
https://www.bnymellon.com/us/en/about-us/newsroom/...
African and Gulf Banks Collaborate with Orion Innovation to Upgrade Temenos Core Banking System
The African and Gulf Bank (AGB) headquartered in Sudan has commissioned Orion Innovation, a digital transformation and product development services company, to upgrade its core banking technology to Temenos's cloud based platform. This integration is part of the existing agreement announced by AGB and Temenos in October last year, aimed at driving their digital transformation strategy, with Orion as an implementation partner for Switzerland's core banking supplier.
Information link:
https://www.orioninc.com/company/partnerships-alliances/temenos
The Japanese government will issue $11 billion climate transition bonds
Japan plans to issue five-year and ten-year climate transition bonds worth 1.6 trillion yen ($11 billion) in February next year to provide funding for emission reduction projects. This will be the world's first climate transition government bond. The Japanese Ministry of Finance is considering the first auction to be held in mid February next year, starting with a 10-year bond worth 800 billion yen, followed by an equally sized five-year bond.
Information link
http://www.eeo.com.cn/2023/1209/618118.shtml
International Energy Agency: Collaborating with Southeast Asia and other regions to accelerate the transition to clean energy
The Paris headquarters of the International Energy Agency announced the establishment of a regional cooperation center in Singapore, with plans to start operations in the second half of this year. This is the first office established by the International Energy Agency outside its headquarters in Paris, aimed at strengthening energy security and collaborating with countries in Southeast Asia and other regions to accelerate the transition to clean energy. The Director of the International Energy Agency, Fatih Birol, announced the above news at the 50th anniversary ministerial meeting of the International Energy Agency.
Information link:
https://www.in-en.com/article/html/energy-2330675.shtml
Record breaking global energy transformation investment in 2023
According to the 2024 Energy Transformation Investment Trends Report released by research firm Bloomberg New Energy Finance, the total global low-carbon energy transformation investment reached a record breaking $1.8 trillion in 2023, a year-on-year increase of 17%. By industry, electrified transportation is the industry with the largest investment in energy transformation, including new energy vehicles and charging infrastructure construction. In 2023, the investment reached 634 billion US dollars, a year-on-year increase of 36%. The investment in the renewable energy industry has moderately increased by 8%, with an investment amount of 623 billion US dollars.
Information link:
Newenergy.in-en.com
JPMorgan Chase Asset Management Exits Climate Action 100+Investor Group
The asset management department of JPM. N, the largest bank in the United States, has announced that it has decided to withdraw from an investor alliance focused on promoting corporate climate planning. JPMorgan Asset Management stated that after making "significant investments" in its investment management capabilities in the past few years, the company has decided not to renew its membership in the Climate Action 100+investor group.
Information link:
https://ecep.ofweek.com/2024-02/ART-93014-8420-30626807.html
The US Treasury Department has released a risk assessment report, stating that more and more criminals are turning to virtual assets
On February 14th, the US Treasury Department released the 2024 National Risk Assessment for Money Laundering, Terrorist Financing, and Proliferation Financing, emphasizing the current threats, vulnerabilities, and risks of illegal financing facing the United States. The report states that criminals, fraudsters, and criminals are increasingly turning to virtual assets. At the same time, many existing decentralized financial (DeFi) services covered by the Bank Secrecy Act have failed to comply with anti money laundering/counter-terrorism financing obligations, which has become a loophole exploited by illegal actors. In addition, terrorist organizations such as ISIS have deepened their understanding of virtual assets. The US Treasury Department is concerned about terrorist organizations increasing their use of stablecoins.
Information link:
https://home.treasury.gov/news/press-releases/jy2097
The European Parliament votes on payment services to better obtain cash and prevent fraud and hidden fees
On February 14th, the European Parliament (EP) announced that the Committee on Economic and Monetary Affairs (ECON) had voted to pass changes to payment services legislation. This regulation will provide more coordination for payment and electronic currency services in the European Union, applicable to banks, post office transfer agencies, and payment institutions. The terms reached by EP legislators regarding ECON include: 1) requiring payment service providers (PSPs) that have not established appropriate fraud prevention mechanisms to bear customer losses caused by fraud; 2) Technical service and IT solution providers are responsible for damages caused by malfunctions within their contractual scope (up to a maximum transaction amount); 3) If the online platform finds out that there is fraudulent content on its platform and does not delete it, it will be held responsible; 4) The new bill will also expand the refund right to apply to cases of fraud where fraudsters impersonate customer banks. The next step is expected to be a full vote in April. The negotiations between the parliament and the council are expected to begin after the elections.
Information link:
https://www.europarl.europa.eu/news/en/pressroom/20240212IPR17629/payment-services-fraud-and-hidden-charges-protection-and-better-access-to-cash
OWASP releases the "Checklist for Artificial Intelligence Network Security and Governance"
Recently, the Open Network Application Security Project (OWASP) released the Artificial Intelligence Network Security and Governance Checklist (hereinafter referred to as the Checklist) based on the Large Language Model (LLM). The checklist mainly includes three aspects: the first part is an overview, the second part is to determine the LLM deployment strategy, and the third part is the 13 checklist for deploying the AI big language model strategy. According to official sources, the list released by OWASP this time is its 1.0 official version, and the previous three versions were all drafts.
Information link:
https://blog.csdn.net/qq_41432686/article/details/136310818
The EU will establish an anti money laundering agency in Frankfurt
On February 22nd, according to Reuters, representatives of the European Council and the European Parliament reached an agreement to establish the European Anti Money Laundering and Combating Terrorist Financing Agency in Frankfurt, Germany. This new institution is scheduled to start operations in mid-2025 and will have over 400 staff members. The European Council stated in a statement on the same day that the new institution will become the core of relevant reforms in the EU's anti money laundering field, with powers to supervise and implement sanctions. Marid McGuinness, the European Commission's financial affairs commissioner, said that the EU will reduce risks in related areas through new institutions.
Information link:
https://www.reuters.com/world/europe/eu-says-new-anti-money-laundering-authority-be-based-frankfurt-2024-02-22
Forbes released the 2024 Hong Kong Rich List, with Li Ka shing remaining at the top of the list
On February 22, 2024, Forbes China released the 2024 Hong Kong Rich List. Boosted by tourism and consumption growth, the Hong Kong economy is expected to grow by 3.2% in 2023. Nevertheless, despite the stagnation of the real estate industry and sluggish exports, the post pandemic recovery is still slower than expected. Due to the IPO drought, the benchmark Hang Seng Index has fallen by 28% since we last measured the wealth of wealthy individuals in the special zone a year ago. The total wealth of the 50 wealthiest tycoons in Hong Kong has shrunk by 9% compared to last year, to $296 billion. Overall, 30 billionaires on the list experienced a decline in their wealth, while 12 members overcame difficulties and achieved wealth growth.
Information link:
Cn. investing. com/news/stock market news/article-2309828
Kunlun Trust establishes the first special needs trust
Recently, Kunlun Trust, in collaboration with Guohao Law Firm (Ningbo), launched its first special needs trust, "Kunlun Love Guardian Special Needs Trust," making a new attempt at asset service trust business. Special needs trust refers to a trust established by the principal to protect special needs groups such as minors, people with mental disabilities, disabled individuals who cannot take care of themselves, and elderly people with disabilities and dementia. It is reported that the above-mentioned project is entrusted by two natural persons, one of whom is the beneficiary himself, whose guardian (mother of the beneficiary) signs the trust contract on his behalf, and the other is the beneficiary's sister. In order to maximize the interests of beneficiaries, a directive holder (beneficiary sister) and a supervisor (beneficiary aunt) have been established in the trust structure. This project is an exploration by Kunlun Trust to leverage the advantages of its trust system in social services and other fields, and to comprehensively utilize trust, guardianship and other institutional tools to meet the needs of special needs groups in terms of personal care and property management.
Information link:
https://finance.sina.com.cn/trust/roll/2024-02-26/doc-inakihur2290970.shtml
The United States strives to crack down on real estate money laundering activities through new regulations
On February 7th, the Financial Crime Department of the US Treasury Department proposed a plan aimed at curbing the flow of illegal funds through the US real estate market. The Financial Crime Enforcement Agency (FinCEN) of the US Treasury Department has detailed this proposal, which will require real estate professionals to mark suspicious activities found in cash home purchases. According to FinCEN's recommendation, property insurance companies, lawyers, and other professionals involved in such transactions must submit reports on any non financing sale or transfer of residential properties to entities or trusts.
Information link:
https://www.jiemian.com/article/10792608.html
The Hong Kong region has released the first pre ruling case and further guidance on tax relief for family offices
On January 25, 2024, the Hong Kong Inland Revenue Department ("IRD") issued the first pre determination case on whether the applicant meets the tax exemption eligibility for obtaining family investment control tools, as well as the tax treatment of the designated foreign income received under the foreign income exemption mechanism. The tax bureau provided detailed comments to elaborate on the basis of its ruling, providing useful guidance for taxpayers interested in enjoying tax relief.
Information link:
https://www.jiemian.com/article/10792608.html Forbes released the 2024 Hong Kong Rich List, with Li Ka shing remaining at the top of the list
On February 22, 2024, Forbes China released the 2024 Hong Kong Rich List. Boosted by tourism and consumption growth, the Hong Kong economy is expected to grow by 3.2% in 2023. Nevertheless, despite the stagnation of the real estate industry and sluggish exports, the post pandemic recovery is still slower than expected. Due to the IPO drought, the benchmark Hang Seng Index has fallen by 28% since we last measured the wealth of wealthy individuals in the special zone a year ago. The total wealth of the 50 wealthiest tycoons in Hong Kong has shrunk by 9% compared to last year, to $296 billion. Overall, 30 billionaires on the list experienced a decline in their wealth, while 12 members overcame difficulties and achieved wealth growth.
Information link:
Cn. investing. com/news/stock market news/article-2309828
Kunlun Trust establishes the first special needs trust
Recently, Kunlun Trust, in collaboration with Guohao Law Firm (Ningbo), launched its first special needs trust, "Kunlun Love Guardian Special Needs Trust," making a new attempt at asset service trust business. Special needs trust refers to a trust established by the principal to protect special needs groups such as minors, people with mental disabilities, disabled individuals who cannot take care of themselves, and elderly people with disabilities and dementia. It is reported that the above-mentioned project is entrusted by two natural persons, one of whom is the beneficiary himself, whose guardian (mother of the beneficiary) signs the trust contract on his behalf, and the other is the beneficiary's sister. In order to maximize the interests of beneficiaries, a directive holder (beneficiary sister) and a supervisor (beneficiary aunt) have been established in the trust structure. This project is an exploration by Kunlun Trust to leverage the advantages of its trust system in social services and other fields, and to comprehensively utilize trust, guardianship and other institutional tools to meet the needs of special needs groups in terms of personal care and property management.
Information link:
https://finance.sina.com.cn/trust/roll/2024-02-26/doc-inakihur2290970.shtml
The United States strives to crack down on real estate money laundering activities through new regulations
On February 7th, the Financial Crime Department of the US Treasury Department proposed a plan aimed at curbing the flow of illegal funds through the US real estate market. The Financial Crime Enforcement Agency (FinCEN) of the US Treasury Department has detailed this proposal, which will require real estate professionals to mark suspicious activities found in cash home purchases. According to FinCEN's recommendation, property insurance companies, lawyers, and other professionals involved in such transactions must submit reports on any non financing sale or transfer of residential properties to entities or trusts.
Information link:
https://www.jiemian.com/article/10792608.html
The Hong Kong region has released the first pre ruling case and further guidance on tax relief for family offices
On January 25, 2024, the Hong Kong Inland Revenue Department ("IRD") issued the first pre determination case on whether the applicant meets the tax exemption eligibility for obtaining family investment control tools, as well as the tax treatment of the designated foreign income received under the foreign income exemption mechanism. The tax bureau provided detailed comments to elaborate on the basis of its ruling, providing useful guidance for taxpayers interested in enjoying tax relief.
Information link:
https://www.jiemian.com/article/10792608.html
MWC: Ethiopia Fintech eQub Digital Peer to Peer Credit
Ethiopian startup eQub was the winner of the 4th Mobile World Congress (4YFN 2024) Financial Technology Promotion Conference. TechCrunch met with Nahom Michael, the head of business development, in Barcelona this week. Equb is a group of people who unite to save money and then take turns distributing it. This financing method is called the Circular Savings and Credit Association (ROSCS), which is common in many countries, especially in various parts of Africa, and is used for both personal and commercial loans; But it has not yet entered the digital age.
Information link:
https://techcrunch.com/2024/02/28/mwc-2024-everything-you-need-to-know
Japanese companies announce the development of new materials for pure electric vehicle batteries, which can reduce vehicle weight by more than 10%
According to Nikkei News, Japan's Protein (formerly Hitachi Metal) has developed thin sheets for wrapping batteries and other components in pure electric vehicles, which can be used to shield electromagnetic waves that can cause electronic product misoperation. According to the company's estimation, compared to aluminum shells used to protect car components, the new material can reduce the overall weight of the car by more than 10%, which is expected to extend the range of pure electric vehicles.
Information link:
MSN https://www.msn.com/zh-cn/news/other
Zuckerberg meets with LG Electronics executives to discuss cooperation between augmented reality devices and AI technology
During his visit to South Korea, Zuckerberg may also meet with Samsung Electronics President Lee Jae yong and other Samsung executives to discuss plans for the integration and development of AI semiconductors and XR businesses.
Information link:
Www.36kr.com/newssplashes/2667866948838152
After Google Pay trial runs, bring its QR code speaker to small businesses in India
Google announced on Thursday that it plans to launch SoundPod, a portable speaker aimed at instantly verifying and announcing successful payments, to small businesses across India in the coming months. Google Pay's expansion in India is one of the leaders in the mobile payment market, although the company is closing some of its payment applications in the United States.
Information link:
https://m.36kr.com/p/1724570320897
Disclaimer: The content is from the Internet, WeChat official account and other public channels. We are neutral about the points in the article. This article is only for reference and exchange.
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