Industry News

3forge, a leading developer of High Impact code solutions for business-critical applications, has successfully secured its first external investment.

Research by Vertex has found a significant trend among global businesses regarding indirect tax compliance.

Waada, a Karachi-based online insurance startup, has acquired MicroEnsure Pakistan, a rival InsurTech company.

ESG investment was the top long-term investment priority for CFOs, even though it is the most likely area to experience budget cuts.

Bank of America, a global financial powerhouse, has launched Bank of America Breakthrough Lab accelerator to create economic opportunities for entrepreneurs from underrepresented communities.

The UK National Crime Agency has revealed it is establishing a specialised crypto unit as part of its National Cyber Crime Unit.

The evolution from manual to automated systems in the insurance industry marks a significant leap towards efficiency and precision. This transition, driven by the need to overcome the limitations of traditional underwriting methods, has paved the way for a new era of insurance operations. An automated underwriting system stands at the forefront of this transformation, leveraging advanced analytics and algorithms to streamline decision-making and risk assessment processes.

Dock, a B2B player in payments and banking technology in LatAm, has teamed with Feedzai, a fraud and money laundering prevention firm.

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.

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.