FinTech News

fraud

AI-driven attacks trigger a surge in global online payment fraud losses

Juniper Research, a leading expert in payment markets, projects global losses from online payment fraud will exceed $362bn.
Guidewire and SMA Technologies (SMA) have announced a newly launched accelerator designed to streamline insurers' operations by introducing powerful workload automation solutions.

Guidewire and SMA Technologies launch new marketplace accelerator

Guidewire and SMA Technologies (SMA) have announced a newly launched accelerator designed to streamline insurers' operations by introducing powerful workload automation solutions.

iPad POS solution TouchBistro raises CAD $158m in funding round

TouchBistro, an iPad POS and integrated payment solution for restaurants, has raised CAD $158m ($118.9m) in its Series E.
Revolutionizing wealth management: Is hybrid advisory the future?

Revolutionizing wealth management: Is hybrid advisory the future?

Revolutionizing wealth management: Is hybrid advisory the future?

Mangopay and Spryker collaborate to revolutionise online platform development

Mangopay, the renowned platform-specific payment infrastructure provider, and Spryker, the leading composable commerce platform for advanced B2B Commerce, Enterprise Marketplaces, and Thing Commerce use cases, have declared their strategic alliance.
fintech insurtech wealthtech regtech ai cybertech esg news

Bumped launches to help customers own stock

Bumped, which is looking to give users fractional shares in a stock when they spend money on a participating brand, has reportedly raised $2.5m.
fintech-news

Atom Bank announces £83m from BBVA with more on the way

UK challenger bank Atom Bank has raised a further £83m in equity capital. The round takes Atom’s total funding to £219m and values the Durham-based company at £261m.
fintech insurtech wealthtech regtech ai cybertech esg news

Down payment protection platform ValueInsured closes $6.5m funding round

Down payment protection platform ValueInsured has closed a $6.5m funding round led by Everest Re Group affiliate and Houston International Insurance Group.

Moneyhub teams with Pennyworth to bring wealth management to affluent customers

Open data and payments platform Moneyhub has partnered with financial planning and banking app Pennyworth, to redesign digital banking for the aspiring-affluent customer.

Purpose Financial receives investment from Allianz

Purpose Financial, which claims to be building the next generation of banking technology, has secured funding from the investment division of Allianz Group.

News Stories

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.

Why the CrowdStrike outage highlights a need for modern insurance management systems

On July 19, 2024, cybersecurity giant CrowdStrike issued a routine software update. However, this time things went terribly wrong. The update, which was meant to enhance security, ended up causing major disruptions across industries worldwide. The faulty software quickly wreaked havoc on IT systems reliant on Microsoft's operating system, with insurance firm Parametrix estimating $5.4bn in damages were done to Fortune 500 companies alone. Jeff Heine, Chief Revenue Officer of Novidea delved into why this calamity underscores the need for modern, sophisticated insurance management systems.
Paymob

Paymob secures $22m to bolster digital payment infrastructure in MENA

Paymob, a trailblazer in the MENA financial services sector, has recently announced a substantial $22m extension to its Series B funding, culminating in a robust $72m total for the round.
Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.

Optalitix secures $3m funding to drive insurance software innovation

Optalitix, a specialist in insurance and finance software, has raised $3m in a follow-on fundraising round led by its existing investor, Calculus Capital.
Flagright

Flagright welcomes First Digital as customer to enhance AML FinTech compliance

RegTech firm Flagright has welcomed First Digital Trust, known as First Digital, as its newest customer. 
Data

ESG Data & Solutions introduces ESGSure to transform ESG research

ESG Data & Solutions, a key firm in the environmental, social, and governance  sector, has introduced its latest innovation, ESGSure.

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