Company News

Agentero inks $13.5m to expand its digital insurance network for agents

Digital insurance network Agentero raised $13.5m in Series A funding led by Alma Mundi Ventures to drive growth for independent insurance agencies.

AI-powered malicious content detection startup ActiveFence nets $100m, valued at over $500m

NYC and Tel Aviv, Israel-based online integrity company specializing in detecting malicious content such as hate speech, targeted disinformation campaigns, fraud, and other harmful activities online and offline ActiveFence has emerged out of stealth with $100m in funding.

Earnix’s acquisition to help the InsurTech bolster its UBI/BBI solution

Insurance software company Earnix acquired AI telematics provider Driveway Software's assets to scale up its Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI) solutions.

How Nucoro is helping banks digitise to take on FinTechs

Financial institutions are not as nimble as FinTechs, but that doesn’t mean they cannot offer their own digital services. The answer is integrating technology stacks designed by specialised companies, that enables the financial institution to easily implement a range of digital investing propositions.

How advanced analytics can solve the growing problem of lending fraud

As the pandemic rages on, crime and money laundering risks continue to evolve at a rapid pace in the commercial lending space. However, firms can mitigate these risks by applying advanced technologies and using a data-driven approach.

Jay-Z, Will Smith bet on Landis in $165m debt equity round to make homeownership...

Investment funds connected with Jay-Z and Will Smith poured in cash towards homeownership technology company Landis' $165 Series A private equity raise.

Cyber asset management startup Noetic emerges from stealth with $20m in funding

Noetic Cyber, a cloud-based continuous cyber asset management and controls platform, launched with a total of $20m in funding, including a new Series A round led by Energy Impact Partners.

Shopify, Slack execs join $100m round for 1Password with valuation hitting $2bn

1Password, a Canadian security and privacy tech startup, raised $100m in a round led by Silicon Valley venture capital firm Accel, valuing the company at $2bn.

Klarna rival Payl8r reels in £40m funding after a 334% growth in a year

Manchester-based Payl8r has secured £40m from Conister Bank and plans to become a £1bn FinTech business within five years.

The European Commission makes four proposals to revamp AML and CFT efforts

The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.

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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