Company News

The benefits of a modern tech stack in the wealth management industry

The wealth management industry is facing unprecedented change from numerous directions. David Simpson, Head of EMEA at GBST, argues that firms need to adapt to the new world or risk being overtaken by the competition.
InvestCloud, a global provider of wealth and asset management solutions, has announced the appointment of a new Chairman and CEO as it looks to enter the next stage of its development.

InvestCloud reveals new CEO as it enters new era

InvestCloud, a global provider of wealth and asset management solutions, has announced the appointment of a new Chairman and CEO as it looks to enter the next stage of its development.
Pattern Insurance and WeTravel have announced a new partnership aimed at integrating insurance into the travel booking experience.

Pattern Insurance and WeTravel join forces to enhance travel booking experience with integrated insurance

Pattern Insurance and WeTravel have announced a new partnership aimed at integrating insurance into the travel booking experience.

Verisk partners with PartnerRe to improve underwriting through voice-based analytics

Data analytics platform Verisk is partnering with global reinsurer PartnerRe to build new solutions to evolve underwriting and customer experiences.
KYB

How are KYB and KYC related?

While the Know Your Customer (KYC) process is very well known, the KYB – Know Your Business – process is less so. How are the two related?

Polaris expands digital footprint with new online banking platform

Nigeran bank Polaris has boosted its digital presence with the launch of VULTe, its new digital bank.
BAFT

BAFT unveils strategies for seamless ISO 20022 migration in white paper

BAFT, a global financial services association, has recently published a white paper titled "ISO 20022 Migration: Lessons Learned".
Compliance

Financial firms grapple with WhatsApp compliance amid regulatory pressures

Global Relay has recently published its second annual Industry Insights Report: Compliant Communication 2024.

FinTech Koyo has raised $4.9m to expand upon its open banking-powered credit checking service

Koyo, a FinTech startup specialising in open banking solutions, has closed a $4.9m funding round led by Forward partners, the venture capital firm.
firm

Crypto firm Juno scores $18m in Series A

Juno, a company that provides a checking account for crypto natives to earn, invest and spend both cash and crypto, has bagged $18m in a Series A.
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Latest Analysis

News Stories

How UBO verification can safeguard against financial crimes

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.
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. 
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