Company News

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.
Solstice Innovations, Inc. has revealed that it is bolstering its technology leadership team to meet the growing demand for the next generation of P&C insurance Core Systems. 

Solstice Innovations bolsters technology leadership team

Solstice Innovations, Inc. has revealed that it is bolstering its technology leadership team to meet the growing demand for the next generation of P&C insurance Core Systems. 
Novata

Novata revolutionises ESG reporting with new Carbon Navigator

Novata, a certified B Corp and industry-leading technology platform, has officially introduced the Novata Carbon Navigator.
Kusari

Kusari secures $8m boost to fortify software supply chain security

Kusari, a startup in the software supply chain security sector, has recently announced a significant boost in funding.
The healthcare sector is experiencing a significant transformation, with interactive digital channels at the heart of plans to improve the well-being of patients. With the CDC reporting that over 90% of the $4.1tn US healthcare costs are associated with chronic and mental health issues, there is a clear need for innovative solutions, as customer experience experts Ushur discuss. 

AI’s role in shaping the future of healthcare

The healthcare sector is experiencing a significant transformation, with interactive digital channels at the heart of plans to improve the well-being of patients. With the CDC reporting that over 90% of the $4.1tn US healthcare costs are associated with chronic and mental health issues, there is a clear need for innovative solutions, as customer experience specialists Ushur discuss. 
EU

Understanding the impact of EU’s AI Act on financial services

The EU made a significant move towards regulating artificial intelligence (AI) by tentatively agreeing on the terms of the AI Act.
Qover, a leading InsurTech firm, has announced that it will be entering the £19bn UK motor insurance industry.

Qover reveals it will enter £19bn UK motor insurance industry

Qover, a leading InsurTech firm, has announced that it will be entering the £19bn UK motor insurance industry.
disclosures

320 firms pledge nature-related disclosures, shaping corporate reporting’s future

The Taskforce on Nature-related Financial Disclosures (TNFD) has unveiled a commitment from a consortium of 320 companies and FIs.
Oleria

Oleria rakes in $33m for autonomous identity security advancements

Oleria, an adaptive and autonomous identity security firm, has announced the closure of a substantial $33.1m Series A funding round.
Billink

Billink secures €29.5m boost, eyes expansion in Benelux and Germany

Gouda-based Billink, a key player in Netherlands' BNPL sector, has successfully secured a substantial €29.5 million in funding.

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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