Company News

The European Digital Payments Industry Alliance (EDPIA) has named payments infrastructure developer SIA as the latest member of the group.

FinTech startup Neats has its mind set on upping its cross-border transaction service for SMEs after raising $11m in a series A round.

InsurTech100 company CoverWallet has released a new digital insurance product aimed at venture capital-backed startups.

At times it feels like we’re in the midst of war. Scanning the news each day for the latest effects the coronavirus has had on the world has become routine for most people. FinTechs are struggling and as this is an unprecedented event, it is hard to see when the end will be and how badly they will be hit.

The UK’s Financial Conduct Authority has named the 22 companies to be make the sixth cohort of its regulatory sandbox.

Dutch banking and financial services company ING has not only spun out Katana, but also contributed to the venture’s new £3m funding round.

Things look to be going from bad to worse for UK challenger bank Monzo. After suffering a 40% down round in June, the bank has now revealed its annual losses have doubled due to the pandemic.

After a “magic Thursday” RegulAtion was able to create a consortium-powered data access platform. What made that fateful day so magic was that it was when all of the pieces for the AIR platform fell into place. RegulAItion CEO Sally Tait said, “[this was] the day when everyone I talked to said ‘yes’.”

The global insurance software market is expected to grow at a CAGR of 7% between 2020 and 2024, an increase of $5.19bn, according to a report from ResearchAndMarkets.com.

Insurance broker Acrisure has acquired AI-powered insurance platform Tulco with the goal of starting the deployment of “InsurTech at scale.”