Company News

Expleo, an engineering, technology, and consulting services provider, has partnered with ACORD Solutions Group, to provide testing assurance expertise for organisations preparing for Lloyd’s Blueprint Two London market modernisation.

London-based InsurTech Eleos raises $4m to propel US expansion plans

London-based InsurTech firm Eleos has successfully raised $4m in a seed funding round, as it eyes an expansion into the US market. 
Verita, a WTW subsidiary, has introduced a new workers' compensation offering to enhance its portfolio of insurance products.

WTW subsidiary Verita launches workers compensation coverage

Verita, a WTW subsidiary, has introduced a new workers' compensation offering to enhance its portfolio of insurance products.
The American Association of Insurance Services (AAIS), a prominent organisation in the insurance industry, has welcomes reThought Flood to the AAIS Partner Program.

reThought Flood joins AAIS Partner Program to enhance US flood insurance coverage

The American Association of Insurance Services (AAIS), a prominent organisation in the insurance industry, has welcomes reThought Flood to the AAIS Partner Program.
Co-op Insurance has partnered with Urban Jungle to launch a new renters product designed to to provide better value and protection for renters. 

Co-op Insurance launches new renters product with Urban Jungle

Co-op Insurance, a renowned insurance provider, has partnered with Urban Jungle to launch a new renters product designed to to provide better value and protection for renters. 
onboarding

Corporate treasurers abandoning banks due to lengthy onboarding processes

Encompass's recent research has uncovered alarming statistics regarding corporate treasurers' dissatisfaction with banking applications.

86% of firms and 74% of consumers embrace instant payments in 2023

A study by the Federal Reserve has revealed trends in the adoption of digital, faster, and instant payment services among firms and consumers in the US.

UK and Singapore renew commitment to FinTech cooperation

The UK and Singapore have reaffirmed their dedication to collaborative efforts in sustainable finance and FinTech innovation.
Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

Front Street Re names Edison Fong as its new CEO

Front Street Re (FSR), an international InsurTech and reinsurance company under Lexasure Financial Group Limited, has named Edison Fong as its new Chief Executive Officer (CEO).

Machine identity startup Token Security raises $7m in seed round

Token Security, a machine identity startup, has secured $7 million in seed funding, signalling a step forward in its mission.
Greenboard

Base10 partners leads $4.5M funding round in Greenboard

Greenboard, a compliance and operations software company for financial services, has announced the completion of its seed funding round, raising $4.5m.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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