Industry News

Akur8

InsurTech Akur8 successfully completes SOC 2 Type II audit

Insurance company Akur8 has recently strengthened trust in its offering with the completion of its SOC 2 Type II audit.
onboarding

How to unleash the true potential of your client onboarding programme

If a firm is looking to hold a competitive edge, it is vital they oversee a successful client onboarding programme.
swiss-re-property-cat-market-equilibrium

The reinsurance property CAT market: A journey towards new equilibrium

Swiss Re, a leading global reinsurance company, together with Swiss Re Institute, its research arm, recently published an extensive report examining the state of the Reinsurance Property Catastrophe (CAT) market.
AI

Harnessing AI in WealthTech: complexity versus function

In a recent post by Velexa, the company highlighted the differences between complexity and function relating to AI in WealthTech. 
OneMain

Cyber lapses result in $4.25m penalty for OneMain Financial Group

OneMain, a firm specializing in loans for people with "nonprime" credit histories, has been fined by the New York DFS due to cyber lapses.
Genie

Credit Genie cashes in on $4m Series A financing

Credit Genie, a personal finance platform, has recently shared that it has successfully raised $4m in Series A funding.
LlamaIndex

£8.5m boost for LlamaIndex to enhance large language model capabilities

LlamaIndex, a data framework designed for LLMs, has announced that it has successfully raised £8.5m in a seed funding round.
Green

Green Check Verified’s acquisition of Komplyd to reshape cannabis FinTech landscape

Green Check Verified, a cannabis banking solutions firm, has acquired Komplyd, a CaaS platform targeting the cannabis industry.
Finfra

Indonesian FinTech pioneer Finfra attracts $1m investment round

Finfra, a platform for businesses seeking to launch white-labelled lending services in Indonesia, has disclosed a successful funding round.

Insurance giant Generali bolsters presence in Europe with $2.5bn Liberty Seguros acquisition

Liberty Mutual Insurance, a global provider of various insurance products and services, has confirmed a definitive agreement to sell its Madrid-headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group.

News Stories

Boosting identity-based security, Elisity raises $37m from Insight Partners

Boosting identity-based security, Elisity raises $37m from Insight Partners

Elisity, a leading pioneer in identity-based microsegmentation, announced a significant financial boost with a $37m Series B funding round led by global software investor...
Blend Labs secures $150m from Haveli Investments to boost financial service innovations

Blend Labs secures $150m from Haveli Investments to boost financial service innovations

Blend Labs, known for its cloud banking services, and Haveli Investments, a technology-focused private equity firm, have announced a strategic partnership marked by a significant $150m investment in Blend by Haveli.
Corelight bags $150m in Series E funding to boost AI security innovations

Corelight bags $150m in Series E funding to boost AI security innovations

Corelight, a prominent player in open network detection and response (NDR) headquartered in San Francisco, recently secured a substantial $150m in Series E funding.
Backflip secures $15m in Series A to redefine real estate FinTech

Backflip secures $15m in Series A to redefine real estate FinTech

Backflip, an all-encompassing real estate and financial technology platform, has closed a $15m Series A funding round, spearheaded by FirstMark Capital, known for their early investment in other category-defining platforms like Airbnb, Shopify, and Pinterest.
Navigating corporate reporting: How CSRD is changing the game

Majority of companies not subject to CSRD still plan to align with its requirements

The majority (81%) of companies not subject to the European Union’s Corporate Sustainability Reporting Directive (CSRD) intend to partially or fully align their sustainability...

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