Company News

UK Home Office establishes new taskforce to combat economic crime

The UK’s Home Secretary and Chancellor are chairing a new government taskforce which has been established to work alongside senior figures from the UK financial sector to tackle economic crime.
Investment

Investment Metrics unveils cutting-edge liability reporting in its PARis solution

Investment Metrics, a subsidiary of Confluence and a leader in investment analytics and data solutions, has announced a new product.

Cloud Insurance’s SaaS solution gains recognition

Cloud Insurance, an all-in-one InsurTech solution for agents, insurance companies, brokers and MGAs, has been recognised as the best SaaS solution of the year at the Global Insurance and Risk Management Awards.
Irish InsurTech Blink Parametric and MAWDY, a global insurance, reinsurance and services company, have teamed up to expand their real-time travel assistance service across Sub-Saharan Africa.

Blink Parametric partners with MAWDY to expand real-time travel assistance across Sub-Saharan Africa

Irish InsurTech Blink Parametric and MAWDY, a global insurance, reinsurance and services company, have teamed up to expand their real-time travel assistance service across Sub-Saharan Africa.

Cherre teams up with RedZone to improve data access around natural disasters

Real estate data and analytics company Cherre has formed a partnership with smart natural disaster intelligence company RedZone.

Nasdaq sells GRC platform BWise to SAI Global

Nasdaq has agreed to sell its enterprise governance, risk and compliance (GRC) software platform BWise to SAI Global Pty.
Global InsurTech Roadzen has completed a business combination with SPAC Vahanna Tech Edge Acquisition I Corp, and will now start trading on Nasdaq with a $683M equity value.

Roadzen secures Nasdaq Listing with $683M equity value

Global InsurTech Roadzen has completed a business combination with SPAC Vahanna Tech Edge Acquisition I Corp, and will now start trading on Nasdaq with a $683M equity value.

CMT launches telematic driver engagement platform

Cambridge Mobile Telematics (CMT), a telematics service provider, has launched a driver engagement platform called DriveWell Messaging, designed to keep drivers engaged throughout the customer lifecycle.
Automation and artificial intelligence (AI) are transforming industries worldwide, and the insurance sector is no exception. For insurance companies, efficiently handling claims and processing large volumes of customer inquiries is a crucial aspect of maintaining customer satisfaction and operational excellence. As the volume of claims increases, insurers are under pressure to find solutions that not only streamline workflows but also improve accuracy and reduce response times. This is where companies like Simplifai can make a difference. 

Bank of London secures £42m in oversubscribed funding round

Bank of London, a UK-based clearing bank and embedded banking service, has announced a successful £42m funding round.

MarketFinance secures £50m in loan investment to help businesses struggling due to Covid-19

London-based MarketFinance has secured a £50m loan investment from Israeli asset manager Viola Credit to help UK businesses struggling because of the pandemic.

News Stories

US-based CyberTech companies dominated this week's FinTech funding

US-based CyberTech companies dominated this week’s FinTech funding

it was a strong week for US-based CyberTech companies, accounting for eight of the total 26 FinTech deals covered this week.  In total, FinTech Global...
Realm.Security secures $5m in seed funding to streamline cybersecurity data management

Realm.Security secures $5m in seed funding to streamline cybersecurity data management

Realm.Security, a startup tailored for cybersecurity, has stepped out of stealth mode and announced a $5m seed investment spearheaded by Accomplice and Glasswing Ventures.
Fora Financial boosts liquidity with a record $126.9m asset-backed securitization

Fora Financial boosts liquidity with a record $126.9m asset-backed securitization

Fora Financial, a prominent FinTech company providing financial solutions to small and medium-sized businesses (SMBs), announced today the closure of its third and largest asset-backed securitization (ABS) valued at $126.9m.
Novatus Global bolsters RegTech prowess with $40m investment

Novatus Global bolsters RegTech prowess with $40m investment

Novatus Global, a London-based leader in regulatory technology, has announced a significant growth investment of $40m from Silversmith Capital Partners, a growth equity firm located in Boston.
Ledgebrook's innovative push in InsurTech garners $17m Series B funding

Ledgebrook’s innovative push in InsurTech garners $17m Series B funding

Ledgebrook, the rapidly growing InsurTech firm, has successfully closed a $17m Series B funding round.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution