FinTech News

Lexasure Financial Group Limited, a key player in the InsurTech market across South and Southeast Asia offering reinsurance, insurance, and tech solutions, along with Qornerstone, an innovative PropTech firm revolutionising property management, have recently unveiled a memorandum of understanding to develop a strategic partnership.

CAC Group, a comprehensive insurance brokerage enterprise incorporating CAC Specialty, Cobbs Allen, and Dorset Peak, has broadcast the successful enlargement of its syndicated loan facility, supported by Wintrust Financial Corporation, alongside contributions from Synovus and JPMorgan Chase.

Last month, Aiviq spearheaded a crucial industry event, bringing together forward-thinking leaders from 10 prominent asset management firms.

Shift5, a firm specialising in onboard data, has announced a $33m rise in its finances, bolstering its Series B round to an impressive $83m.

Aveni, an AI solutions company, has partnered with UK-based Age Partnership, a leading equity release advisory firm, to revolutionise their Quality Assurance (QA) monitoring capacities. This strategic collaboration aims to enhance QA monitoring in terms of coverage, speed, and precision.

Amsterdam-based Backbase, a global leader in engagement banking software, has announced the acquisition of Nucoro, a digital wealth platform based in the UK. The terms of the deal remain undisclosed, bringing together two key players in the world of FinTech.

Avalara, Inc., headquartered in Seattle, is a global innovator in tax compliance automation for businesses of varying sizes. Today, Avalara disclosed the integration of its trailblazing plugin with ChatGPT, a first of its kind endeavour by a tax compliance software provider.

Established Italian FinTech, illimity Bank, which focuses on providing innovative and sustainable solutions to small and medium-sized businesses (SMEs), is celebrating a substantial financial boost.

A significant 35% of finance organisations across the UK's critical national infrastructure (CNI) foresee an uptick in cyber crime triggered by the ongoing economic crisis, says new research from top cyber security services company, Bridewell.

Molten Ventures, a prominent venture capital firm, has marked down the value of its stake in the FinTech enterprise Revolut by 40%, according to a report from Finextra.