Sector Updates

Blockchain-based InsurTech Inmediate signs MoU with AIG

Inmediate, a platform which connects consumers, insurers and distributors through smart contracts, has signed a Memorandum of Understanding with American International Group.

FloatMe has bags almost $3.7m in funding

San Antonio-based Floatme has netted $3.7m in equity financing.

How KYC requirements for banks are helping fight financial crime

The growing challenge of criminal money making its way into the banking system is a continuing problem for banks. However, a mixture of new compliance regulations for banks may be helping to turn the tide.
confidential-computing-pioneer-hub-security-nets-16m-from-the-lind-partners

Confidential computing pioneer HUB Security nets $16m from The Lind Partners

HUB Security, a developer of confidential computing cybersecurity solutions and services, has announced a significant growth investment.
fintech insurtech wealthtech regtech ai cybertech esg news

OpenDoor pulls in $210m for ‘home-flipping’ platform

Online real estate platform OpenDoor has pulled in $210m in its Series D round to expand its home-flipping service to 10 cities around the US.

Stori collects $10m in its Series A round

Mexican digital bank Stori has collected $10m in its Series A2 funding round which was co-led by Bertelsmann Investments (BI) and Source Code Capital.

Virgin Money looks to aid firms’ ESG posture with new app launch

Virgin Money has introduced a new app focused on providing an assessment of a companies’ ESG impacts by measuring, tracking and offering guidance.
swifter.io, an innovative insurance experience platform, has officially become a participant in Guidewire's Insurtech Vanguards program.

swifter.io joins Guidewire’s InsurTech Vanguards

swifter.io, an innovative insurance experience platform, has officially become a participant in Guidewire's InsurTech Vanguards program.

Samanage bags $30m in Series D from Morgan Stanley

Samanage, an employee management platform, has bagged $30m in its Series D round. The capital was supplied by Morgan Stanley Expansion Capital, the growth-focused investment...

Backbase to power digital bank UNObank

Banking software provider Backbase will provide its engagement banking platform to UNObank, DigiBankASIA's digital bank.

News Stories

Swisscom, a leading telecommunications provider in Switzerland, now expanding its services into the insurance sector with Sure.

Swisscom expands its services into insurance sector with Sure

Swisscom, a leading telecommunications provider in Switzerland, now expanding its services into the insurance sector with Sure.
Cowbell, a leading provider of cyber insurance for SMEs, has introduced a new generative AI solution aimed at optimising underwriting workflows.

Cowbell introduces GenAI solution to optimise underwriting workflows

Cowbell, a leading provider of cyber insurance for SMEs, has introduced a new generative AI solution aimed at optimising underwriting workflows.
Ouro, a global financial services and technology innovator, has partnered with Real Madrid to develop and deliver co-branded financial solutions to fans in key markets globally.

Ouro and Real Madrid team up to score financial goals globally

Ouro, a global financial services and technology innovator, has partnered with Real Madrid to develop and deliver co-branded financial solutions to fans in key markets globally.
Standard Chartered has joined forces with Visa B2B Connect to expand its existing suite of payment solutions.

Standard Chartered partners with Visa B2B Connect for streamlined cross-border payments

Standard Chartered has joined forces with Visa B2B Connect to expand its existing suite of payment solutions.
How the world's top banks and insurers are adopting GenAI tools

How the world’s top banks and insurers are adopting GenAI tools

In recent years, the integration of generative artificial intelligence (GenAI) tools within the financial sector has seen remarkable growth. A study conducted by ORX, a leading operational risk association, reveals that 75% of the world’s major banks and insurers are now utilizing external GenAI applications in their operations.

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