Industry News

PortX

Open banking champion PortX clinches $16.5m in Series B investment

PortX, described as a vanguard in integration and open banking for community financial institutions and fintechs, has bagged $16.5m
Neo

FinTech Neo marks €10bn milestone amidst banking diversification wave

Neo disclosed today that it has successfully cleared over €10bn through its innovative corporate multi-currency accounts. .
Howden Tiger, the reinsurance subsidiary of the global broker Howden, has announced the appointment of its current President, Tim Ronda, as the new Chief Executive Officer (CEO).

Howden Tiger names Tim Ronda as new CEO

Howden Tiger, the reinsurance subsidiary of the global broker Howden, has proclaimed the appointment of its current President, Tim Ronda, as the new Chief Executive Officer (CEO).
BlinkPay

Wealth app Sharesies and BlinkPay shake up open banking in New Zealand

Sharesies has recently partnered with BlinkPay and is aiming to revolutionise how investors navigate their financial management.
Sigma360 revolutionises adverse media screening with ArticleAI

Sigma360 revolutionises adverse media screening with ArticleAI

Leveraging global media for a more proactive stance on risk is the future of financial crime prevention. Traditional methods often involve manual searches across various applications to identify potential threats in customer and counterparty relationships. While this may have been the standard practice in the past, advancements in technology are reshaping the landscape.

The evolution of platforms: 7 features of tomorrow’s investment aids

Platforms have evolved significantly over the years. Earlier, their main function was limited to the administration of assets. This encompassed the realm of custody, execution, and reporting. However, the definition of a 'progressive' platform today has transformed. Let’s delve deeper into the distinctive features of such platforms:
France’s Mistral AI has announced its first Generative AI model to compete with US leaders in the space.

French startup Mistral AI unveils first GenAI model to challenge Meta and OpenAI

France’s Mistral AI has announced its first Generative AI model to compete with US leaders in the space.
Is the price really right? A look at US commercial P&C insurance pricing in 2023

Is the price really right? A look at US commercial P&C insurance pricing in...

The 2023 landscape of the US Commercial P&C market reveals that traditional understandings of pricing are perhaps outdated. An overwhelming 78% of insurance providers...
UK mortgage lending startup Perenna has raised $52m within weeks of securing an unrestricted banking licence.

UK FinTech Perenna secures $52m shortly after acquiring banking licence

UK mortgage lending startup Perenna has raised $52m within weeks of securing an unrestricted banking licence.
FTC

FTC nominees push for Congress-led data privacy legislation

A trio of nominees to the Federal Trade Commission (FTC) stressed the importance of Congress passing a federal privacy bill.

News Stories

WTW, a global leader in insurance broking, and advisory services, has partnered with Canopius US Insurance, Inc. and Verita Capital Solutions to launch a new property insurance facility.

WTW unveils property insurance facility with Canopius and Verita Capital Solutions

WTW, a global leader in insurance broking, and advisory services, has partnered with Canopius US Insurance, Inc. and Verita Capital Solutions to launch a new property insurance facility.

Dutch data watchdog DPA fines Clearview AI $33.7m

Dutch data protection authorities have imposed a fine of €30.5m ($33.7m) on Clearview AI, citing violations of the European Union's GDPR. According to Security Week,...
Ryan Specialty has signed a definitive agreement to acquire Ethos Specialty Insurance's Property and Casualty (P&C) Managing General Underwriters (MGUs) from Ascot Group.

Ryan Specialty to expand portfolio with acquisition of Ethos Specialty Insurance’s P&C MGUs

Ryan Specialty has signed a definitive agreement to acquire Ethos Specialty Insurance's Property and Casualty (P&C) Managing General Underwriters (MGUs) from Ascot Group.

Ziina bags $22m Series A to enhance digital financial solutions in the UAE

Ziina, the UAE’s premier financial platform, today announced a successful $22m Series A funding round.
SiriusPoint, a global specialty insurer, has announced a strategic partnership with Gigasure to offer travellers more flexible, customisable travel insurance policies.

SiriusPoint partners with Gigasure to deliver personalised travel insurance

SiriusPoint, a global specialty insurer, has announced a strategic partnership with Gigasure to offer travellers more flexible, customisable travel insurance policies.

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