Industry News

European

Guiding AI development: Four ethical Pillars from the European Commission

In a recent post by RegTech firm Saifr, the firm outlined four ethical principles by the European Commission for developing trustworthy AI.
AI

IntellectAI breaks new InsurTech ground with AI-powered loss run extraction

IntellectAI has recently announced the launch of a new technology which may have the potential to revolutionize the insurance industry.

Pliant secures over €18m in Series A extension led by PayPal Ventures

Pliant, a burgeoning business-to-business (B2B) credit card platform, has recently closed a significant funding milestone.
FinTech

Quiet week for FinTech with only 17 deals recorded

The FinTech sector has recorded its second uneventful week in a row after FinTech Global recorded only 17 funding rounds in the industry.
Verisk--launches-solutions-to-help-insurers-develop-commercial-lines-products

Verisk launches solution to help insurers develop commercial lines products

Global data analytics provider Verisk has launched a Rating-as-a-Service (RaaS) solution to help insurers develop new commercial lines products.
Australia

Bank CEOs demand rethink on Australia’s costly open banking initiative

Banking leaders in Australia have criticised the Consumer Data Right (CDR) regime, labeling it ineffective and overly expensive.

Navigating the global landscape of customer due diligence regulations

Customer Due Diligence, or CDD, plays a pivotal role in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF).
Annual payment value of CBDCs to skyrocket 260,000% in 7 years

Annual payment value of CBDCs to skyrocket 260,000% in 7 years

The total value of payments through Central Bank Digital Currencies (CBDCs) is expected to reach $213bn annually by 2030, according to a report from Juniper Research.
BNP

BNP Paribas grants inclusive loans to European and Brazilian microfinance

BNP Paribas, a global leader in banking and financial services, has recently taken a significant step in the microfinance sector.
canopoius-to-offer-auto-coverage-in-us-virgin-islands

Canopius to offer auto coverage in US Virgin Islands

Canopius Group, a global specialty reinsurer, and Theodore Tunick and Marshall & Sterling, a broker for all lines of business and personal insurance, will offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands in agreement with Samsung Fire and Marine Insurance (SFMI).

News Stories

US takes the gold for FinTech deals this week - Here are this week's 36 deals

US takes the gold for FinTech deals this week – Here are this week’s...

It was a strong week for US-based FinTech companies, with 17 securing fresh capital this week.  Aside from the US dominating the week for deals,...
Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank and BASF initiate pioneering ESG finance programme in Asia

Deutsche Bank has unveiled BASF’s inaugural sustainability-linked payables finance programme in Asia, concentrating on its operations in China.
PureFacts secures major investment from GrowthCurve

PureFacts secures major investment from GrowthCurve

PureFacts Financial Solutions, a renowned provider of revenue management solutions tailored for the investment sector, recently announced a significant development.
Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum and ComplyAdvantage join forces to enhance compliance and operational efficiency

Tuum is a next-generation core banking platform, has partnered with ComplyAdvantage, a financial crime intelligence platform that offers AI-driven risk data and fraud detection technology to a global client base.
Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs bags $4.5m from CIBC to streamline insurance claim reviews with AI

Wisedocs, an innovative leader in the InsurTech sector, recently received a significant financial boost. CIBC Innovation Banking has extended $4.5m CAD in growth capital financing.

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