C3 IoT bags $100m in funding to help increase its global distribution

AI solution developer C3 IoT has received a $100m round of funding to support the company with increasing its global services and distribution capacity.

Quovo picks up $10m for financial data analysis

Financial data platform Quovo has raised $10m in a Series B round of funding to fuel the growth of its analytics offerings.

AI developer for finance Altada nets $11.5m ahead of major team expansion

Altada Technology Solutions, an AI solution that aims to help financial services bolster their operational efficiencies, has collected $11.5m in funding.

Microsoft doubles down on its commitment to build trust about AI in finance by...

Microsoft has joined the Veritas consortium launched by the Monetary Authority of Singapore (MAS) to improve the trust of the use of artificial intelligence in the financial industry.

Data and analytics company Kyligence closes $15m Series B

Data and analytics company Kyligence has closed its Series B round on $15m, to help with talent acquisition and platform development.

First Access receives $7m Series A led by Bamboo Capital Partners

Data analytics and credit scoring solution First Access received a $7m Series A funding round led by Bamboo Capital Partners.

SigOpt takes $6.6m for research optimisation

SigOpt has raised $6.6m in a Series A round led by Silicon Valley heavy weight Andreessen Horowitz.

Over half of crypto experts believe bitcoin will replace fiat money by 2050

A recent survey has found that over half of the experts who took part believe bitcoin will become more dominant than money issued by central banks in less than 30 years.

Datameer raises funds to support new product launch

Datameer, a data preparation and exploration solution, has secured $40m in funding to support the launch of its cloud-native self-service solution.
fintech-news

Univfy closes $6m Series A led by Rethink

Predictive analytics and machine learning company Univfy has closed a $6m Series A funding round led by Rethink Impact.

News Stories

FTC

FTC nominees push for Congress-led data privacy legislation

A trio of nominees to the Federal Trade Commission (FTC) stressed the importance of Congress passing a federal privacy bill.
Gem

Gem Security snags $23m in capital for cloud threat detection tech

Gem Security, an Israeli startup with operations in New York, recently secured a substantial amount of $23m in venture capital.
Atom

Atom Bank partners with Kamma to assess climate impact on mortgages

Atom Bank has partnered with Kamma to assess the climate risks of its mortgage book utilising cutting-edge profiling technology.
Ushur, FNOL, Customer Experience Automation, Invisible App, Natural Language Processing, insurance 2023, claims process 2023, AI in insurance, machine learning, claim adjusters, digital claims process, customer satisfaction, insurance communication, personalisation in insurance

The future of insurance claims: How automation and AI are enhancing customer experience

Navigating the insurance claim process often comes during challenging times for customers. Following an accident, emergency, or even a natural calamity, individuals typically feel apprehensive and uncertain. This anxiety can be exacerbated if the claim experience further contributes to their distress, whether it's due to the damage to their possessions or physical injuries.
Youi, a prominent Australian insurance company under the Outsurance Group umbrella, has decided not to renew its aggregate reinsurance for the 2024 financial year, due to the current hard market conditions.

Australian InsurTech Youi opts out of aggregate reinsurance as market conditions harden

Youi, a prominent Australian insurance company under the Outsurance Group umbrella, has decided not to renew its aggregate reinsurance for the 2024 financial year, due to the current hard market conditions.

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