FinTech News

Wefox, an InsurTech specialising in smart insurance distribution and MGA services, has raised €151m to support its new growth strategy.

Gradient Labs, an AI platform focused on financial services, has raised $13m in a Series A funding round to accelerate its mission to transform customer operations within the financial sector.

Castellum.AI, a FinTech firm specialising in AI-powered financial crime compliance, has raised $8.5m in a Series A round.

One senior U.S. government official has described the effort to secure quantum computing as “the Manhattan Project” of our time. According to Moody's, the race...

As ESMA closes its review for the first half of the year, it has released its Final Report on the 2023–2024 Common Supervisory Action...

Banks in the US will benefit from greater flexibility in collecting Taxpayer Identification Numbers (TINs) under new Customer Identification Program (CIP) rules from FinCEN, the OCC and the FDIC.

As regulatory pressure mounts on firms to demonstrate strong internal governance, employee due diligence has become an essential part of compliance. Organisations are now expected to apply the same rigour to staff checks as they do to client and supplier onboarding, covering background screening, document verification and continuous monitoring.

When it comes to adopting generative AI tools like Zoom AI Companion and Microsoft Copilot, many organisations focus their attention on setting up robust...

Quantee has outlined two advanced methodologies for performing ethical price optimisation in insurance pricing, designed to meet sales and retention targets without resorting to...

In today’s fast-moving insurance landscape, brokers must evolve the way they present risks to underwriters. According to insights shared by FullCircl, brokers can dramatically...