Infrastructure/Back-end

Zinnia-insurance-insurtech-consumer-relationship-customer-exprience

Why do consumers have deeper relationships with their local coffee chain than with their...

Insurance, particularly life insurance, is often considered a “grudge” payment. Most consumers won’t have a relationship with their insurer beyond the initial transaction, and the customer experience suffers as a result. This is what Zinnia is on a mission to change with its Engagement& Loyalty platform.
Insuritas-selected-for-digital-insurance-platform

Insuritas selected by Island Federal Credit Union for digital insurance platform

Island Federal Credit Union has selected digital insurance agency platform Insuritas to install its full-service digital insurance agency platform.
Ahoy!-VRF-partners-embedded-insurance-offering-boaters

Ahoy! launches embedded insurance with VRF

Digital insurance MGA for recreational boating Ahoy! has partnered with Vantage Recreational Finance (VRF) to provide an embedded insurance programme.
Gradient-AI-Duck-Creek-Technologies-workers-compensation-product

Gradient AI and Duck Creek unveil workers’ compensation product

Gradient AI, a provider of artificial intelligence (AI) solutions in the insurance industry and Duck Creek Technologies have launched a workers’ compensation solutions product.
Duck-Creek-Technologies-property&casualty-insurance-seamless-experience

Duck Creek Technologies deploys ExamWork’s solutions for seamless experiences

Duck Creek Technologies, an intelligent solutions provider to the property & casualty (P&C) insurance market, has integrated with ExamWorks’ US IME division to provide a seamless experience to customers.
Singapore-InsurTech-bolttech-series-B-funding-embedded-insurance

Singapore InsurTech unicorn bolttech bags Series B

Singapore-based InsurTech bolttech has secured Series B funding in a round led by Tokio Marine.
ClarionDoor-partners-One80-insurance-distribution-solutions

ClarionDoor teams up with One80

ClarionDoor, a Zywave company and provider of insurance distribution solutions, has partnered with Boston-based One80 Intermediaries.
Akur8-how-machine-learning-can-be-applied-actuarial-pricing-workflows

How machine learning can be applied to actuarial and pricing workflows

Advanced in technology is making applying machine learning to pricing processes in insurance easier. According to Akur8, actuaries can benefit greatly from its adoption.
Dais-Perr&Knight-partners-streamline-speed-to-market-insurance-products

Dais and Perr&Knight to streamline speed to market for insurers

Dais, a provider of no-code insurance product hosting solutions, has partnered with Perr&Knight, to streamline speed to market for insurance products.
bolttech-acquires-pt-axle-asia-insurtech-singapore

InsurTech bolttech in Axle Asia take-over

bolttech, the Singapore-based international InsurTech, has acquired a majority shareholding in Indonesia-based PT Axle Asia.

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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