Company News

UK peer-to-peer lender Funding Circle is expanding its partnership with the government-run British Business Bank Investments and receiving £40m to lend to small businesses.

Compared to older generations, Millennials and Generation Z are digital-first generations and have grown up with technology. Amongst other things, this is reshaping the payments market.

ACI Worldwide, a provider of real-time payments software, will enable loan management software provider to digitise its bill payments and boost its customer experience.

A new paper by the European Central Bank (ECB) has said CBDCs could be the answer to a ‘thousand-year search for the holy grail of cross-border payments’.

Japanese insurance provider Sompo Japan has teamed up with InsurTech Greater Than, a global provider of DriverDNA for real-time insurance and predictive risk insights, to develop a carbon neutrality service in the auto insurance industry.

Executive board member of the European Central Bank Fabio Panetta has claimed global regulators need to quicken efforts to launch a framework to tackle the crypto wild west.

Blockchain bridge Wormhole has confirmed that around $320m worth of cryptocurrency has been stolen following a hack earlier this week.

The Federal Reserve Bank of New York has launched an innovation centre aimed at boosting FinTech developments for the central bank community.

Auto insurance company Loop has raised $21m in a Series A funding round co-led by Founder Group and 01A.

Bdeo, which builds visual intelligence for motor and home insurance firms, is currently going through big changes as it looks to reinforce its identity. As part of this effort, the Spanish InsurTech recently underwent a rebranding.