Company News

Tenderly raises $15.3m to build an end-to-end Ethereum developer platform

Ethereum developer platform Tenderly closed a $15.3m Series A funding round led by Accel with additional participation from existing investors including Version One.

UK reports a staggering £5.7m in cybercrime financial loss so far this year, study...

British people and businesses have suffered financial losses of £5.7m from a reported 14,883 cybercrime incidents since the start of the year, new study found.

Martha’s Vineyard Bank launches insurance agency through partnership with Insuritas

Martha's Vineyard Bank partnered with insurance agency Insuritas to begin offering personal, commercial and ancillary insurance services to Martha's Vineyard Bank's more than 30,000 customers.

Capital One UK taps YuLife in new insurance partnership to bolster employees’ wellbeing

UK financial services provider Capital One partnered with YuLife to reward employees for healthy behaviour through YuLife's tech-based life and wellness insurance package.

ESMA urges European Commission to move to next phase for certain MiFID II/MiFIR changes

The European Securities and Markets Authority (ESMA) has encouraged the European Commission to move to stage three for the transparency requirements under MiFID II/MiFIR. This...

Virgin Galactic chairman backs connected car insurance startup Flock in $17m Series A round

Flock, a London-based InsurTech startup that provides usage-based insurance for fleets of commercial vehicles, has raised $17m funding in Series A round bringing its total funding to $22m.

InsurTech Spot reels in $17.5m in funding to save consumers from medical debt

Digital insurance startup Spot has raised $17.5m in funding, including $15m in equity and $2.5m in debt led by GreatPoint Ventures.

Behalf banks $100m debt facility to scale its B2B BNPL offering

Buy Now, Pay Later (BNPL) FinTech startup Behalf, has raised $19m in new venture financing alongside a debt facility that brings the total to...

App Radar study reveals top ten financial investing apps gaining popularity in the UK

An analysis of the investment app market ranked the top ten UK apps which have gained an estimated 1.6 million more users in total since March 2020.

FCA urges companies to target minimum 40% women in boardrooms to boost diversity

Britain’s financial watchdog has proposed changing the rules for companies listed on the UK stock market to include a “comply or explain” requirement for not meeting diversity targets.

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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