Infrastructure/Back-end

How-Scanbot's-SDK-scanner-levels-up-the-insurance-experience-i=documents-smooth-digital-processes

How the Scanbot Document Scanner SDK levels up the insurance experience

Insurance company SWICA turned to Scanbot SDK in a bid to provide its customers with smooth digital processes for transferring recovery documents within its mySWICA app.
Swiss-InsurTech-TONI-Digital-raises-12.5-million-for-insurance-as-a-service-solution

Swiss InsurTech TONI Digital bags $12.5m

TONI Digital, a Switzerland-based InsurTech startup, has raises $12.5m in a Series B funding round.
Predictive-scoring-API-developer-Fenris-secures-funding

Predictive scoring API developer Fenris secures funding

Fenris, which provides insurers with predictive scoring and data products, has received an undisclosed investment from Virginia Venture Partners.
Hawksoft-partners-Agave-to-bolster-insurance-payments-independent-insurance-agencies-streamline

HawkSoft and Agave join forces to bolster insurance payments

HawkSoft, a provider of management systems for independent insurance agencies, has partnered with Agave to streamline insurance payments.
Pepper, Notion combine for InsurTech IoT platform

Pepper, Notion combine for InsurTech IoT platform

Pepper, a consumer IoT platform has combined with Notion, the InsurTech business unit from Comcast, to offer a new IoT and smart home platform.
Walnut-insurance-raises-$4m-seed-funding-technology-company-infrastructure-embedded-insurance

Walnut Insurance bags $4m for embedded insurance infrastructure

Walnut Insurance, a technology company that provides infrastructure for embedded insurance, has raised $4m in a seed funding round.
InsurTech Stubben Edge acquires Insurercore

InsurTech Stubben Edge acquires Insurercore

Stubben Edge Group has acquired Insurercore, a tech enabled distribution platform headquartered in London.
Resistant AI, Claim Technology partner to stop fraudulent insurance claims

Resistant AI, Claim Technology partner to stop fraudulent insurance claims

Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
Cloud adoption will allow insurance to improve business outcomes

Cloud adoption will allow insurance to improve business outcomes

As companies seek new technologies to get the competitive edge, Smart Communications believes cloud adoption will help insurance companies be agile and improve business outcomes.
Qover-lnsurTech-launched-embedded-insurance-technology

Qover launches embedded insurance technology

InsurTech Qover has launched an embedded insurance orchestration technology, designed to help companies add any insurance programme to an existing programme.
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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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