Infrastructure/Back-end

ushur-launches-ushurx-to-solve-customer-engagement-issues-in-insurance-and-healthcare

Ushur launches UshurX to solve issues in insurance and healthcare

Ushur, an AI-powered customer experience automation platform, has launched UshurX, a line of pre-packaged solutions focused on solving the most common customer engagement issues in healthcare, insurance and other highly regulated industries.
insurance-technology-developer-hawksoft-welcomes-valchoice-as-api-partner

Insurance technology developer Hawksoft welcomes ValChoice

HawkSoft, an insurance technology developer based in Oregon, has welcomed ValChoice as a new API Partner.
hyperexponential-selected-by-fortune500-insurance giant-markel-to-transform-underwriting-processes

Fortune 500 insurance giant Markel selects hyperexponential to transform underwriting

Fortune 500 financial services holding company Markel, has selected hyperexponential’s next-generation pricing tool, Renew, to transform its underwriting processes in the UK.
Hippo-insurance-selects-opterrix-to-optimise-claims-workflows

Hippo Insurance selects Opterrix to optimise claims workflows

Hippo Insurance has selected Opterrix, a provider of risk intelligence or the property & casualty insurance industry, to optimise claims workflows.
pathpoint-launches-streamlined-platform-to-save-agents-time

Pathpoint launches streamlined platform to save agents time

Pathpoint, a digital, modern wholesaler where insurance agents can get bindable small commercial E&S quotes in minutes, has launched PathPay, a new, streamlined platform.
hx-and-supercede-join-SaaS-platforms-for-rapid-reinsurance-dealmaking

hx and Supercede combine SaaS platforms for rapid reinsurance dealmaking

hyperexponential (hx), a SaaS pricing platform for insurers, has partnered with Supercede to combine SaaS platforms to enable rapid reinsurance dealmaking.
corebank-selects-insuritas-for-digital-insurance-agency-platform

CoreBank selects Insuritas for digital insurance agency platform

Insurance agency Insuritas has been selected by CoreBank to install its digital insurance agency platform.
Waterdrop-tests-chat-gpt-like-feature-to-apply-to-insurance-services

Waterdrop tests ChatGPT-like feature to apply it in insurance services

Waterdrop, a technology platform dedicated to insurance and healthcare services, has internally tested a ChatGPT-like feature to apply it to insurance marketing and services.
AI-tools-such-as-ChatGBT-to-drive-digital-transformation-of-insurance-industry

AI tools such as ChatGPT to drive digital transformation of insurance, COVU says

Generative artificial intelligence (AI) tools, such as ChatGPT, will play a significant role in the digital transformation of the insurance industry, according to COVU.
Property-risk-intelligence-provider-betterview-secures-funding-insurtech

Property risk intelligence provider Betterview secures funding

Betterview, an InsurTech that provides property risk intelligence, has closed a round of funding.
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News Stories

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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