Company News

North Star Mutual Insurance Company has revealed a partnership with InsurTech leader Kalepa that will see them utilise the firm's award-winning Copilot underwriting platform.

North Star Mutual Insurance selects Kalepa’s underwriting platform

North Star Mutual Insurance Company has revealed a partnership with InsurTech leader Kalepa that will see them utilise the firm's award-winning Copilot underwriting platform.
Erie Strategic Ventures, the venture capital arm of Erie Insurance, has revealed strategic investments in three cutting-edge portfolio companies: Wagmo, Roots Automation, and Trust & Will.

Erie Insurance’s corporate venture capital arm announces three new investments

Erie Strategic Ventures, the venture capital arm of Erie Insurance, has revealed strategic investments in three cutting-edge portfolio companies: Wagmo, Roots Automation, and Trust & Will.
shell

Tackling financial crime: How Moody’s is identifying shell company red flags

Shell companies, often shrouded in secrecy, pose substantial risks to the global economy, being potential vehicles for crimes like fraud, tax evasion, money laundering,...
Vertice

FinTech innovator Vertice secures $25m in Series B for global expansion

Vertice, an integrated SaaS and cloud spend management platform, has announced a milestone in its growth journey by raising $25m.
The DMI Group has revealed its strategic acquisition of the ZestMoney platform in a fire sale that concludes a turbulent year for the Goldman Sachs-backed firm.

DMI Group acquires ZestMoney in fire sale

The DMI Group has revealed its strategic acquisition of the ZestMoney platform in a fire sale that concludes a turbulent year for the Goldman Sachs-backed firm.
SEC

SEC cracks down on J.P. Morgan for whistleblower obstruction

J.P. Morgan Securities LLC (JPMS), a subsidiary of J.P Morgan, has agreed to a significant $18m civil penalty in a settlement with the SEC.
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.
Bharatsure, a Mumbai-based Insurtech startup specialising in Infrastructure-as-a-Service (IaaS) solutions, has secured $1m in its latest funding round.

Mumbai-based InsurTech Bharatsure bags $1m in latest funding round

Bharatsure, a Mumbai-based Insurtech startup specialising in Infrastructure-as-a-Service (IaaS) solutions, has secured $1m in its latest funding round.
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.
Ascent

Edgewater Equity Partners acquires Ascent to boost AI-driven compliance

Ascent Technologies has been acquired by Edgewater Equity Partners, a distinguished private equity firm based in Boston.
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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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