FinTech News

Fractal brings in seed funding to make ICOs compliant

Fractal, a Berlin, Germany-based blockchain technology looking to make ICOs compliant, has raised seed funding.
Marsh McLennan revolutionises supply chain risk management with Sentrisk launch

Marsh McLennan revolutionises supply chain risk management with Sentrisk launch

Marsh McLennan has unveiled Sentrisk, an innovative AI-powered platform designed to revolutionize the way businesses manage global supply chain risk.

Mobile banking provider Current picks up $220m, triples valuation to $2.2bn

Venture capital firm Andreessen Horowitz led a $220m investment in Current which tripled its valuation giving it the unicorn status.
Ascend

Ascend Money raises $195m to drive financial inclusion in Thailand

Ascend Money, Southeast Asia's homegrown FinTech company, has successfully secured a significant investment totalling $195m.

Converge Insurance raises $15m from Forgepoint Capital

Converge Insurance, a leading managing general agent (MGA) specialising in cyber risk management and underwriting, announced its successful raising of $15m in Series A funding.

BitMEX might add customer due diligence procedures and people are not happy

One of the world’s biggest cryptocurrency exchanges might be about to introduce know your customer (KYC) procedures and people are not happy about it.
NF3

NFT financing marketplace NF3 scores $1.65m seed

NF3, a community-first NFT swaps and financing marketplace, has recently closed a $1.65m seed funding round.

Darktrace rival Immersive Labs inks $75m to help businesses beef up their cyberskills

Immersive Labs, a platform which teaches cybersecurity skills to corporate employees by using real, up-to-date threat intelligence in a gamified way closed a $75m Series C funding round.
top 10 cybertech deals in europe 2022 chart table

European CyberTech deal activity drops 25% in 2022

Key European CyberTech investment stats in 2022: • European CyberTech deal activity reached 122 deals in total during 2022, a 25% drop from 2021 levels •...

Pie Insurance secures regulatory approval to acquire Western Select

InsurTech Pie Insurance has revealed it has received regulatory approval from the Illinois Department of Insurance to purchase Western Select Insurance Company.

News Stories

MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank enhances digital customer onboarding with Temenos SaaS on AWS

MidWestOne Bank, headquartered in Iowa and servicing around 140,000 customers across four states, has successfully implemented Temenos Digital Onboarding as Software as a Service (SaaS) on Amazon Web Services (AWS).
Consumer Duty

One year on: How has Consumer Duty impacted the industry?

On July 31 last year, the long-awaited Consumer Duty legislation came into effect in the UK, following months of preparation and industry attention.
Six ways tech is revolutionising M&A for insurers

Six ways tech is revolutionising M&A for insurers

Mergers and acquisitions (M&A) have long been pivotal strategies for growth within the insurance sector, enabling firms to expand their market presence, enter new territories, and secure competitive advantages.
video

What are the main concerns financial institutions should have around using AI?

As financial institutions look to increase their adoption of artificial intelligence (AI), they need to ensure they are able to trust the technology. These AI tools can have gain access to sensitive data and if the correct measures are not implemented, can cause a myriad of problems. 

Candriam launches ESG Market Neutral Fund targeting sustainability leaders

Candriam, a sustainability-focused asset management firm, has announced the launch of its new fund, the Candriam Equities L ESG Market Neutral Fund.

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