Company News

KPMG

Zurich and KPMG’s strategic venture tackles climate risks for businesses

KPMG and Zurich Resilience Solutions have come together to announce a significant new strategic partnership.
Novatus

Novatus Global appoints Bill Michael to steer strategic direction

RegTech firm Novatus Global is thrilled to announce the appointment of Bill Michael as their Head of Strategy.

Lanistar finally secures FCA approval following earlier setback

UK FinTech Lanistar has secured Financial Conduct Authority (FCA) approval to operate as an Electronic Money Directive (EMD) agent of payments business Modulr.

1st CENTRAL and CMT team up to incentivise safe driving

1st CENTRAL, a provider of technology-enabled insurance services, and Cambridge Mobile Telematics (CMT),a telematics service provider, have launched 1st CENTRAL Connect, a telematics-based insurance product.

TBC Bank Uzbekistan secures $25m from BlueOrchard to boost digital banking

TBC Bank Uzbekistan, the nation’s leading mobile-only bank, announced it has secured a significant $25m in debt financing from BlueOrchard Finance.

What do you need to do in case of a hard Brexit?

The top UK financial market authority has issued a reminder of what needs to be done incase the UK crashes out of the EU without a deal.
Crowdstrike

CrowdStrike bolsters enterprise cloud security with estimated $350m Bionic purchase

CrowdStrike announced plans to acquire Bionic, a trailblazing startup in the Application Security Posture Management (ASPM) sector.

InsurTech FINEOS aims to enhance its machine learning platform with Spraoi acquisition

SaaS-based provider for life, accident and health insurers FINEOS has completed the acquisition of US-based tech developer Spraoi for $5.2m to step up its digital and machine learning capabilities.

Sage Group acquires Futrli for cash flow management

Software company Sage Group has acquired UK-based cash flow forecasting software platform for SMBs and accountants Futrli.
Earnix, an AI-driven pricing and analytics platform, has partnered with Co-operators General Insurance Company to streamline homeowners' insurance pricing.

Earnix partners with Co-operators to streamline homeowners’ insurance pricing

Earnix, an AI-driven pricing and analytics platform, has partnered with Co-operators General Insurance Company to streamline homeowners' insurance pricing. The move will see the implementation...

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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