Industry News

AlloyX, a platform in the DeFi sector that specialises in aggregating tokenised credit, has bagged $2m and launched a new product. 

Eventus, a prominent player in the trade surveillance software sector, has announced significant global expansion in 2023 and presents an optimistic forecast for 2024. The company is on a mission to revolutionise trade surveillance with bespoke, client-driven solutions and innovative technology.

BNY Mellon, a leader in investment management and investment services, has appointed Gary Delaney as its new International CISO.

Japan Post Insurance, KKR & Co, and Global Atlantic Financial Group, have publicly announced the formation of a strategic partnership. Furthermore, Japan Post Insurance plans to substantiate its investment in a reinsurance co-investment vehicle, pioneered by Global Atlantic.

iProov has partnered with Estonia's Cybernetica, renowned for its cutting-edge technologies for crafting secure digital societies.

Wisedocs, the trailblazing artificial intelligence software provider in the insurance industry, has recently announced its latest innovation, the AI Medical Summary Platform. Building on its existing suite of medical record review software, this ground-breaking platform presents a simplified and accelerated solution for medical record reviews catering to the diverse stakeholders in the insurance ecosystem.

Chicago's local climate-focused start-ups are set to benefit from a significant investment initiative, 2c2i. The programme is a collaborative effort between the Exelon Foundation and Exelon Corporation, offering a significant financial impetus to innovative companies battling climate change.

The FCA has appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight.

Final guidelines aimed at bolstering third-party risk management in banking organisations have been issued by a cohort of federal bank regulatory agencies. This initiative is designed to help such institutions better navigate the risks arising from relationships with third-party entities, with a particular emphasis on financial technology, or FinTech, enterprises.

Fortune 500 financial services holding company Markel, has selected hyperexponential’s next-generation pricing tool, Renew, to transform its underwriting processes in the UK.