Industry News

openly-joins-forces-with-trellis-to-simplify-personal-lines-insurance

Openly joins forces with Trellis to simplify personal lines insurance

Openly, a homeowners insurance provider, has partnered with Trellis, a technology company simplifying distribution of personal lines of insurance.
RepRisk

RepRisk launches Due Diligence Scores for enhanced ESG risk management

RepRisk, a tech firm that provides transparency on business conduct and ESG risks, launched its newest product: Due Diligence Scores.
Talos

Talos snaps up D3X Systems to widen pre-trade capabilities

Talos, a provider of institutional digital assets trading technology, has acquired D3X Systems to support systematic investment strategies.
Brightwave

AI-powered FinTech firm Brightwave secures $6m in seed investment

Brightwave, the AI-driven FinTech company specialising in financial research, has successfully closed a seed funding round of $6m.
SaveMoneyCutCarbon

SaveMoneyCutCarbon lands £5m in growth financing

SaveMoneyCutCarbon, a firm being labelled as the UK’s leading money-saving platform through sustainability, has scored £5m in growth funding.
compliance

The impact of compliance technology on small FinTech firms

In the fast-evolving world of financial services, firms of every size face significant hurdles in maintaining compliance and managing potential risks.
MSIM

Morgan Stanley Investment Management raises $500m for climate PE strategy

MSIM has held a first close for the 1GT climate private equity strategy at $500m of equity capital commitments.
Generation Z

Bank execs identify Gen Z engagement as crucial for future success

Tink has found that attracting Gen Z is deemed a key hurdle by UK banking executives, with over half (57%) identifying it as one of their foremost challenges for the upcoming year.
MiCA

Adapting to the MiCA era: the essential guide for compliance officers in crypto

Eventus recently outlined some of the key things compliance officers need to know around the new MiCA legislation.
Ushur and mortgage giant team up: A leap towards eco-friendly paperless solutions

Ushur and mortgage giant team up: A leap towards eco-friendly paperless solutions

One of America's largest mortgage servicers has been facing a significant challenge. The company, which was established in the early 1990s and operates across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, offers a variety of mortgage solutions, including conventional loans, refinancing, and first-time homebuyer programs such as FHA loans.

News Stories

How UBO verification can safeguard against financial crimes

An UBO refers to an individual who, although not always officially recorded, holds significant control or ownership of a business entity, generally marked by owning 25% or more of the company.
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. 

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