Infrastructure & Enterprise Software

Papaya to acquire Azimo to boost its payroll capabilities

Papaya Global, the global people management platform for the remote working era, has agreed to acquire Azimo, global digital cross-border payments service.

Alkami in Segment take-over to deepen customer relationships

Alkami Technology, a cloud-based digital banking solutions provider for US financial institutions, is to acquire data analytics company Segmint.

Financially vulnerable more likely to use BNPL, research reveals

According to research from the Financial Health Network, one in four users of Buy Now, Pay Later (BNPL) services is financially vulnerable, and struggle to make payments.

Digits hits $565m valuation ahead of first major product launch

Real-time finance and accounting platform Digits has closed its Series C round on $65m, which brings its valuation to $565m.

Outgo emerges from stealth with $3.4m for freight carriers

Outgo, an all-in-one banking solution for freight carriers, has emerged from stealth with $3.4m in funding.

Glia joins unicorn club following Series D raise

Glia, a provider of Digital Customer Service (DCS) has raised $45m in Series D funding led by New York based-global venture capital and private equity firm Insight Partners

WealthTech unicorn Jeeves quadruples valuation in six months

Jeeves, an all-in-one corporate card and expense management platform, has reached a $2.1bn valuation after the close of its Series C on $180m.

Back-office automation startup Finally scores Series A

Finally, a FinTech company aimed at automating back-office processes for small businesses, has scored $95m in its Series A.

Ramp climbs to over $8bn valuation with fresh funds

Ramp, a finance automation platform and corporate card designed to help businesses spend less, has raised $750m in financing, bringing its valuation to $8.1bn.

UK-based ClearBank nabs ?175m investment

ClearBank, a next-generation clearing and embedded banking platform in the UK, has secured a ?175m equity investment.

News Stories

BoE and FCA launch sandbox for cutting-edge securities tech

The Bank of England (BoE) and the FCA have unveiled their latest initiative, the Digital Securities Sandbox (DSS), aimed at fostering innovation in the realm of digital assets within traditional financial frameworks.

Navigating CSRD compliance: A strategic guide for CFOs

The introduction of the CSRD marks a pivotal shift in corporate reporting by integrating ESG factors directly into the operational strategies of businesses.
The short-term disability (STD) claims process presents significant challenges for both carriers and benefits administrators. These inefficiencies primarily stem from reliance on outdated, manual processes like live calls, physical forms, and antiquated methods for capturing necessary documentation. Such approaches are not only resource-intensive but also create frustrating experiences for employees and employers alike. With client satisfaction and retention becoming ever more crucial, carriers are increasingly turning to new technologies to resolve these bottlenecks, as customer experience specialists Ushur explain.

How AI is streamlining short-term disability management and reducing costs

The short-term disability (STD) claims process presents significant challenges for both carriers and benefits administrators. These inefficiencies primarily stem from reliance on outdated, manual processes like live calls, physical forms, and antiquated methods for capturing necessary documentation. Such approaches are not only resource-intensive but also create frustrating experiences for employees and employers alike. With client satisfaction and retention becoming ever more crucial, carriers are increasingly turning to new technologies to resolve these bottlenecks, as customer experience specialists Ushur explain.
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.

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