FinTech News

The insurance sector has changed quite a bit over the past years; however, it is currently undertaking its biggest ever transformation - the shift towards a fully personalised approach towards the consumers, and usage-based insurance (UBI) as a prominent example of that shift.

Emirates NBD, a banking group operating in the Middle East, North Africa and Turkey (MENAT) region, has partnered with FinTech collaboration platform APIX Singapore to further FinTech innovation.

The Bank of Thailand (BOT) has unveiled a public consultation on repositioning Thailand’s financial sector to succeed in a sustainable digital economy.

Bank North, a UK-based challenger bank, has closed its latest crowdfunding campaign on £2.2m, surging past its initial target of £1.3m.

Currencycloud has teamed with Instajet, a private jet community looking to redefine private aviation, in order to offer the latter a fixed pricing model and safeguarding of its transactions.

SIFI, a Saudi Arabia-based FinTech company, has closed its pre-seed round on an undisclosed amount.

JBA Risk Management has launched a UK flood model to better inform flood risk management. The model has predicted that one in four UK properties are at risk of flooding.

Virtual IBAN and corporate account provider Monneo has partnered with Kantox to offer currency management automation on cross-border payments.

Insurance data intelligence provider Percayso Inform (Percayso) has raised £3.4m in a round led by Manchester-based venture capital investor Praetura Ventures.

Pay Theory, which claims to build financially inclusive payments for families, has bagged $2m in its seed funding round.