Industry News

M2 Recovery, a prominent InsurTech firm, has recently unveiled a novel insurance product specifically designed to address the legal expenses associated with the recovery of stolen digital assets.

Swiss Re has reported that natural disasters resulted global economic losses of $275bn in 2022, of which $125 billion were covered by insurance, reaffirming a trend of 5-7% annual increases.

For legal enterprises, transitioning from traditional paper-based document management to digital workflows is key to remain competitive.

Right-Hand Cybersecurity, a firm focused on human risk management for cybersecurity, has scored $5m in a Series A funding round.

SilverSky, a pioneering cybersecurity firm offering managed extended detection and response (MxDR) services, recently announced the completion of a funding round with its current investment partners.

Shift Technology, a provider of artificial intelligence-based decision automation and optimization solutions for the insurance industry, has renewed its collaboration with French insurer Direct Assurance.

In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.

Ushur, an AI-powered customer experience automation platform, has partnered with Virtusa to expand the capabilities of its automated experience platform.

The Corporate Sustainability Reporting Directive (CSRD) represents a significant shift in corporate governance, requiring over 50,000 companies to disclose their sustainability practices transparently. This initiative aims to integrate sustainability into the strategic core of businesses, enhancing transparency across the European Union.

Fenergo, a KYC and CLM digital solutions provider, has released a new transaction monitoring tool, following the consolidation of its Sentinels acquisition one year ago.