Company News

Senate

Senate report calls for US counterintelligence center overhaul

A report by a US Senate Committee has described the National Counterintelligence and Security Center as being ‘paralysed by dysfunction, lacking resources and confused about its mission’.
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How Pramati is helping insurance companies turn data into experiences

Pramati, which builds independent technology-based companies, is helping the insurance companies turn data into experiences.
Basware, a leading provider of AP automation and invoice processing solutions, has welcomed Markus Hornburg as its new Senior Vice President, Global Compliance.

Basware appoints new head of compliance to help customers navigate global e-invoicing regulation

Basware, a leading provider of AP automation and invoice processing solutions, has welcomed Markus Hornburg as its new Senior Vice President, Global Compliance.
Payhawk, the global spend management solution, has obtained a licensed Electronic Money Institution (EMI) status in the United Kingdom.

Payhawk obtains UK EMI license and announces new leadership additions

Payhawk, the global spend management solution, has obtained a licensed Electronic Money Institution (EMI) status in the United Kingdom.

Insurate bags $4.5m from HSCM Ventures-led seed round

Worker compensation underwriter Insurate has secured $4.5m from a seed funding round led by HSCM Ventures.
Cover-Genius-Turkish-Airlines-bolster-travel-offering-insurtech

InsurTech Cover Genius teams up with Turkish Airlines to bolster offering

Embedded InsurTech Cover Genius has partnered with Turkish Airlines to bolster its travel protection to global passengers.

Court extends period it keeping Yes Bank co-founder in custody on money laundering charges

Rana Kapoor, the co-founder and former CEO of Yes Bank, is facing money laundering charges and will be staying in custody until at least March 20, a court has decided.
Barclays has recently announced significant revisions to its climate policy, reaffirming its commitment to advancing the global transition towards sustainable energy.

Barclays revises climate policy to strengthen sustainability efforts

Barclays has recently announced significant revisions to its climate policy, reaffirming its commitment to advancing the global transition towards sustainable energy.

US and European expansion on the horizon for Futora following $6m raise

Israeli FinTech startup Futora has secured $6m in funding to fund product development and build out its sales processes in Europe and the US.
KnowBe4

Vista Equity Partners to acquire CyberTech KnowBe4 in $4.6bn deal

KnowBe4, a provider of security awareness training and simulated phishing, has entered into a deal to be acquired by Vista Equity Partners for $4.6bn.

News Stories

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Paymob

Paymob secures $22m to bolster digital payment infrastructure in MENA

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.

Optalitix secures $3m funding to drive insurance software innovation

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Flagright

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 
Data

ESG Data & Solutions introduces ESGSure to transform ESG research

ESG Data & Solutions, a key firm in the environmental, social, and governance  sector, has introduced its latest innovation, ESGSure.

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