Infrastructure/Back-end

Coverdash secures $13.5m in Series A to enhance embedded insurance

Coverdash secures $13.5m in Series A to enhance embedded insurance

Coverdash, a pioneering InsurTech firm focused on startups and small and medium-sized businesses (SMBs), has successfully raised $13.5m in Series A funding.
Akur8 and Georgia Farm Bureau join forces for cutting-edge insurance pricing solutions

Akur8 and Georgia Farm Bureau join forces for cutting-edge insurance pricing solutions

Akur8 and Georgia Farm Bureau Mutual Insurance Company have embarked on a strategic partnership, marking a significant leap forward in the insurance pricing sector.
Optalitix unveils game-changing enhancements for Insurers' underwriting performance

Optalitix unveils game-changing enhancements for Insurers’ underwriting performance

Optalitix, an InsurTech known for its innovative underwriting and pricing model software solutions, has launched significant enhancements to its Optalitix Models and Optalitix Quote products.
TDI and SCI Forge partnership for GenAI explorer program in Singapore's InsurTech landscape

TDI and SCI Forge partnership for GenAI explorer program in Singapore’s InsurTech landscape

The Digital Insurer (TDI), a leading voice in the InsurTech sector, has announced an exclusive partnership with the Singapore College of Insurance (SCI), a premier provider of professional insurance education.
Sure, a leading insurance technology provider, has unveiled its latest innovation that liberates carriers, MGAs, and global brands from the grip of incumbent rate service organisations (RSOs) and legacy insurance product filings.

Sure launches innovative offering to liberate insurance industry from legacy vendors

Sure, a leading insurance technology provider, has unveiled its latest innovation that liberates carriers, MGAs, and global brands from the grip of incumbent rate service organisations (RSOs) and legacy insurance product filings.
Admiral and Google Cloud have entered into a strategic partnership aimed at revolutionising the digital landscape of financial services in the UK.

Admiral partners with Google Cloud to enhance digital offerings

Admiral and Google Cloud have entered into a strategic partnership aimed at revolutionising the digital landscape of financial services in the UK.
Kooperativa partners with Resistant AI to revolutionise fraud detection in insurance claims

Kooperativa partners with Resistant AI to revolutionise fraud detection in insurance claims

Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI's Document Forensics technology to combat fraudulent insurance claims.
Canopius Group, a prominent global specialty (re)insurer, welcomes Valentina Minetti as the new Head of Medical Professional Liability (MPL).

Canopius appoints Valentina Minetti to lead Medical Professional Liability

Canopius Group, a prominent global specialty (re)insurer, welcomes Valentina Minetti as the new Head of Medical Professional Liability (MPL).
SimplePin, an award-winning InsurTech enterprise, has partnered with Carmack Insurance to power its payments and receivables process.

SimplePin selected by Carmack Insurance to power its payments and receivables process

SimplePin, an award-winning InsurTech enterprise, has partnered with Carmack Insurance to power their payments and receivables process.
Wisedocs secures $9.5m in Series A to revolutionise InsurTech with AI

Wisedocs secures $9.5m in Series A to revolutionise InsurTech with AI

Wisedocs, a leading name in the InsurTech sector, has successfully closed an impressive $12.7m in an oversubscribed Series A financing round.
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Diverse week for FinTech as $1.1bn raised across 17 deals

Diverse week for FinTech as $1.1bn raised across 17 deals

It was a diverse week for FinTech funding, with deals closing across nine different countries.  There were a total of 17 FinTech funding rounds covered...
Sift enhances fraud insights with new metrics in industry benchmark tool

Sift enhances fraud insights with new metrics in industry benchmark tool

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight acquires Cybersixgill in $115m deal to enhance cyber threat intelligence

Bitsight, a global leader in cyber risk management, has announced its $115m acquisition of Cybersixgill, a prominent cyber threat intelligence (CTI) provider. This strategic move...
FinCEN issues alert on deepfake fraud schemes targeting financial institutions

FinCEN issues alert on deepfake fraud schemes targeting financial institutions

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
change communication methods during a verification check.Some identity verification solutions may also flag possible attempts to circumvent verification checks, such as the use of third-party webcam plugins, which can let a customer display previously generated video rather than live video. Use of Deepfake Media in Phishing Attacks and Scams Criminals may also target financial institution customers and employees through sophisticated, GenAI-enabled social engineering attempts in support of other scams and fraud typologies, such as business email compromise (BEC) schemes, spear phishing attacks, elder financial exploitation, romance scams, and virtual currency investment scams.24For example, in family emergency schemes, scammers may use deepfake voices or videos to impersonate a victim’s family member, friend, or other trusted individual.25Similarly, criminals have reportedly used GenAI tools to target companies by impersonating an executive or other trusted employee and then instructing victims to transfer large sums or make payments to accounts ultimately under the scammer’s control.26 Financial Red Flag Indicators of Deepfake Media Abuse FinCEN identified the following red flag indicators to help financial institutions detect, prevent, and report potential suspicious activity related to the use of GenAI tools for illicit purposes.As no single red flag is necessarily indicative of illicit or suspicious activity, financial institutions should consider the surrounding facts and circumstances before determining whether a specific transaction is suspicious or associated with illicit use of GenAI tools. A customer’s photo is internally inconsistent (e.g., shows visual tells of being altered) or is inconsistent with their other identifying information (e.g., a customer’s date of birth indicates that they are much older or younger than the photo would suggest). A customer presents multiple identity documents that are inconsistent with each other.

Folks Finance secures $3.2m in Series A to advance crosschain DeFi solutions

Folks Finance, a DeFi platform specialising in lending, borrowing, and managing digital assets across multiple blockchains, has announced it raised $3.2m in an oversubscribed Series A funding round.
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