Industry News

Socotra, a modern core platform provider for insurers, is planning a European expansion following the growth in demand for its API-driven, cloud-first technology, which increases insurers’ speed-to-market at lower cost .

Echo Global Logistics, a provider of technology-enabled transportation and supply chain management services, has launched a full-coverage cargo insurance product.

Otonomo Technologies, a platform powering the mobility economy, is to merge with US-based roadside and mobility assistance technology and services company Urgently to create a platform for mobility, insurance, and other services.

Privilege Underwriters Reciprocal Exchange (PURE), a leading policyholder-owned insurer of high-net-worth individuals, has expanded its long-standing relationship with OneShield.

Hippo, a home insurance group focused on proactive home protection, has expanded its channel with the launch of the Hippo Builder Insurance Agency (HBIA).

FinTech giant Stripe has launched Enhanced Issuer Network, a set of partnerships with major US card issuers, with the aim of reducing fraud.

Nearly a third of UK consumers (30%) are spending less online because refunds take too long and they’re worried about their bank balance, a report from Tink claims.

The global revenue from embedded payments for embedded finance vendors will reach $59bn in 2027, rising from $32bn in 2023, according to Juniper Research.

Singapore and India have officially launched the linkage between the former’s PayNow solution and the latter’s Unified Payments Interface.

Gateway.fm, a decentralised blockchain infrastructure node provider, has scored $4.6m in a seed funding round led by Lemniscap.