FinTech News

Jakarta-based InsurTech startup, Rey, has secured an additional $3.5m in funding as it seeks to expand its AI-powered health insurance platform.

Jakarta-based InsurTech Rey secures $3.5m funding round

Jakarta-based InsurTech startup, Rey, has secured an additional $3.5m in funding as it seeks to expand its AI-powered health insurance platform.
EXL, a leading data analytics and digital operations solutions company, has unveiled the EXL Insurance LLM, a new large language model (LLM) designed to transform critical tasks in the insurance sector, such as claims and underwriting.

EXL launches insurance specialised LLM to transform underwriting

EXL, a leading data analytics and digital operations solutions company, has unveiled the EXL Insurance LLM, a new large language model (LLM) designed to transform critical tasks in the insurance sector, such as claims and underwriting.
TotallyMoney, a UK-based FinTech company, has announced the launch of its new current account comparison service aimed at helping its 5m customers discover the best bank for their personal financial needs.

TotallyMoney unveils current account comparison service to streamline bank switching for users

TotallyMoney, a UK-based FinTech company, has announced the launch of its new current account comparison service aimed at helping its 5m customers discover the best bank for their personal financial needs.
Facit Bank is set to implement open banking solutions into its invoicing and payment systems through a new partnership with Neonomics. 

Facit Bank partners with Neonomics to streamline open banking payments

Facit Bank is set to implement open banking solutions into its invoicing and payment systems through a new partnership with Neonomics. 
Insuritas, a prominent embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance, a company that offers multi-peril disaster insurance coverage.

Insuritas partners with Recoop to enhance financial institutions’ disaster insurance offerings

Insuritas, a prominent embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance, a company that offers multi-peril disaster insurance coverage.
Honeycomb secures largest US InsurTech funding in H1 2024 amid deal decline

Honeycomb secured the biggest US InsurTech deal in H1 as deal activity in the...

Key US InsurTech investment stats in H1 2024: US InsurTech deal activity for the first half of the year dropped by 43% YoY The...
Heimdal

Heimdal and emt Distribution forge alliance to elevate cybersecurity in MENA

Heimdal and emt Distribution have linked to combine Heimdal's cybersecurity solutions with emt Distribution’s deep market expertise.
FinTech funding declines by 63% in Q2 2024 as average deal size increases

FinTech deals drop by two-thirds during Q2 as investors back fewer but larger deals

Key global FinTech investment stats in Q2 2024: Global FinTech deal activity reduced by two-thirds in Q2 2024 YoY Average deal size increased to...
Australian FinTech funding rises 4x in Q2 2024 despite drop in deal size

Australian FinTech market on the bounce back as funding increases over 4x in Q2...

Key Australian FinTech investment stats in Q2 2024: Australian FinTech funding in the second quarter increased by 4x compared to the opening quarter of...
Ushur, a leader in AI-powered Customer Experience Automation (CXA), has announced the launch of its new end-to-end solution designed specifically for insurance carriers offering group and worksite benefits.

Ushur enhances customer experience with new end-to-end solution for insurance carriers

Ushur, a leader in AI-powered Customer Experience Automation (CXA), has announced the launch of its new end-to-end solution designed specifically for insurance carriers offering group and worksite benefits.

News Stories

Slow week for FinTech with $557m raised across 16 deals

Slow week for FinTech with $557m raised across 16 deals

The UK leads the way in a slow week for FinTech, with just 16 deals completed globally and a total of $557.5m raised.  In a...
Glia introduces online calculator for benchmarking customer interactions in finance

Glia introduces online calculator for benchmarking customer interactions in finance

Glia, a pioneering force in customer interaction technology, has unveiled its latest innovation—the Unified Interactions Index Online Calculator.
TrueLayer lands $50m boost to pioneer pay-by-bank innovation in Europe

TrueLayer lands $50m boost to pioneer pay-by-bank innovation in Europe

TrueLayer, recognised as Europe's premier pay-by-bank network, has recently completed a significant fundraising milestone by securing an additional $50m.
Standard Life and Raindrop launch revolutionary free pension tracing service

Standard Life and Raindrop launch revolutionary free pension tracing service

Paysend, a pioneering UK-based FinTech company, has launched a new remittance solution, Paysend Libre, aimed at bolstering financial inclusion across Northern Central America.
WTW bolsters UK wealth management influence with strategic stake in Atomos

WTW bolsters UK wealth management influence with strategic stake in Atomos

WTW has announced its acquisition of a stake in Atomos, a prominent, advice-led wealth manager operating in the UK.

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