FinTech News

KYC

How database verification and AI power up KYC compliance

In a webinar hosted in collaboration with the LSEG, SmartSearch delved into the transformative impact of data-based IDV on the KYC protocols.
As UK insurers grapple with rising claims costs and escalating premiums, the pressure on onboarding processes has never been greater. Motor claims payouts surged by 18% last year, while British drivers faced premium hikes of over a third, outpacing the rest of Europe. At the same time, home insurance renewal quotes soared by 42%, leaving insurers scrambling to adapt. Given these tribulations, the efficiency and effectiveness of insurance onboarding has become crucial. 

The current state of insurance onboarding: Key trends and insights

As UK insurers grapple with rising claims costs and escalating premiums, the pressure on onboarding processes has never been greater. Motor claims payouts surged...
US RegTech deal activity grows 20% QoQ in Q3 2024 amid funding decline

US RegTech deal activity rises by 20% QoQ as investors eye early stage opportunities

Key RegTech investment stats in Q3 2024: Global RegTech deal activity increased by 20% QoQ Average deal value dropped to $12m as investors back...
Novidea expands in the London Market with new headquarters to drive growth

Novidea expands in the London Market with new headquarters to drive growth

Novidea, a leading InsurTech firm known for its cloud-based, data-driven insurance enterprise management platform, has bolstered its presence in the London Market by relocating to a larger office space in the heart of the City of London.
One in four Gen Zs targeted by identity theft in the past 6 months

One in four Gen Zs targeted by identity theft in the past 6 months

New data reveals the rising prevalence of fraud and security risks, both online and in-store, significantly impacting consumer trust and urging retailers to strengthen security measures across the board.
Revolut surpasses 50 million global customers, aims for 100m milestone

Revolut surpasses 50 million global customers, aims for 100m milestone

Revolut, the UK-based FinTech giant and licensed European bank, has announced a major milestone, reaching 50m customers globally. Of these, 10m are based in the UK, solidifying the company’s position as a leader in digital banking.
Wiz secures strategic funding from SoftBank Vision Fund 2 to boost cloud security in APAC

Wiz secures strategic funding from SoftBank Vision Fund 2 to boost cloud security in...

Cloud security company Wiz, recognised as a leader in cloud-native application protection, has announced a strategic investment from SoftBank Vision Fund 2. The funding aims to support Wiz's expansion efforts in the Asia-Pacific and Japan (APJ) region.

FinTech innovator Goodstack bags £22m funding led by General Catalyst

Goodstack, a global SaaS and FinTech platform specialising in embedding purpose into business operations, has successfully closed a £22m Series A funding round.
ChapsVision secures $90m funding round and acquires Sinequa to boost AI capabilities

ChapsVision secures $90m funding round and acquires Sinequa to boost AI capabilities

ChapsVision, a specialist in AI-enhanced data processing, has bolstered its technological portfolio with the acquisition of Sinequa, a global leader in AI-powered enterprise search and Retrieval-Augmented Generation (RAG).
QPLIX secures €25m investment from Partech for global expansion in WealthTech

QPLIX secures €25m investment from Partech for global expansion in WealthTech

QPLIX, a WealthTech company specialising in wealth management software for family offices and private banks, has received a significant investment from tech-focused firm Partech via its Growth Fund.

News Stories

IMTF

Babel Street, IMTF unite to set new standards in international compliance technologies

Babel Street and IMTF, two leaders in regulatory technology, have announced a strategic partnership that introduces advanced multi-lingual name screening capabilities within IMTF's SironOne platform.
Tide unveils carbon calculator to help SMEs achieve net zero

Tide unveils carbon calculator to help SMEs achieve net zero

Tide, a leading business financial platform in the UK, has unveiled a new automated carbon calculator in partnership with carbon measurement specialist Connect Earth.
Akur8 and AAIS collaborate to revolutionise predictive modelling in P&C insurance

Akur8 and AAIS collaborate to revolutionise predictive modelling in P&C insurance

Akur8, a cutting-edge provider of insurance pricing and reserving solutions powered by transparent machine learning, has partnered with the American Association of Insurance Services (AAIS), a leading not-for-profit advisory organisation supporting the Property & Casualty (P&C) insurance industry.
Anitian raises $7m Series D funding to drive AI-powered compliance innovation

Anitian raises $7m Series D funding to drive AI-powered compliance innovation

Anitian, a leading provider of compliance automation solutions, has closed a $7m Series D funding round, strengthening its position in the RegTech sector.
Data security leader Cyera secures $300m Series D, hitting $3bn valuation

Data security leader Cyera secures $300m Series D, hitting $3bn valuation

Cyera, a leader in AI-driven data security, has raised $300m in its Series D funding round, achieving a valuation of $3bn.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution