Infrastructure/Back-end

Bowhead Specialty, a provider of casualty and professional liability products, has announced its deployment of Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.

Bowhead Specialty partners with Kalepa to enhance underwriting with AI

Bowhead Specialty, a provider of casualty and professional liability products, has announced its deployment of Kalepa’s Copilot underwriting platform to utilise its advanced AI for improved risk selection and optimal customer experience.
InsurTech specialist Optalitix has announced a partnership with Pool Re, the UK's largest terrorism reinsurer, to develop a comprehensive treaty and claims management system.

Optalitix partners with Pool Re to develop claims management system

InsurTech specialist Optalitix has announced a partnership with Pool Re, the UK's largest terrorism reinsurer, to develop a comprehensive treaty and claims management system.
Tego partners with Five Sigma to enhance claims management with AI-driven platform

Tego partners with Five Sigma to enhance claims management with AI-driven platform

Tego, a specialist medical malpractice underwriter serving the Australian healthcare industry, has chosen Five Sigma’s AI-native claims management platform to modernise and streamline its claims management processes.
Cytora unveils Risk Flow Academy for insurance professionals

Cytora unveils Risk Flow Academy for insurance professionals

Cytora, has introduced the Risk Flow Academy, a pioneering digital learning platform designed for commercial insurance professionals. This free resource is the first of its kind to offer comprehensive training in digital risk processing, setting a new standard for the industry.
FWD Group, a leading insurance provider, has announced a five-year agreement for technology services with Amazon Web Services (AWS) as part of its cloud-first strategy.

FWD Group pens five-year agreement with AWS to drive innovation

FWD Group, a leading insurance provider, has announced a five-year agreement for technology services with Amazon Web Services (AWS) as part of its cloud-first strategy.
Wefox, an InsurTech unicorn, has issued a stark warning to its investors regarding potential insolvency looming over the company.

InsurTech unicorn Wefox faces insolvency risk according to reports

Wefox, an InsurTech unicorn, has issued a stark warning to its investors regarding potential insolvency looming over the company.
Assurant has announced the launch of a new solution designed to address the growing need for specialised tech support solutions tailored for residents in multifamily housing complexes.

Assurant launches insurance tech support product

Assurant has announced the launch of a new solution designed to address the growing need for specialised tech support solutions tailored for residents in multifamily housing complexes.
INSTANDA and UnderwriteMe partner to revolutionise life insurance with no-code tech

INSTANDA and UnderwriteMe partner to revolutionise life insurance with no-code tech

INSTANDA, a leading global provider of SaaS platform technology for life insurance distribution and policy administration, has announced an integration with UnderwriteMe, a comprehensive SaaS underwriting platform provider for the life insurance industry.
Amazon Shopping’s seamlessly integrated barcode scanner has transformed how users discover and purchase products. The feature’s simple yet efficient design prioritises the user experience, offering a seamless scanning experience. Scanbot SDK delves into the intricacies of Amazon's barcode scanner technology. 

Enhancing online shopping: Inside Amazon’s barcode scanner technology

Amazon Shopping’s seamlessly integrated barcode scanner has transformed how users discover and purchase products. The feature’s simple yet efficient design prioritises the user experience, offering a seamless scanning experience. Scanbot SDK delves into the intricacies of Amazon's barcode scanner technology. 
Intelligent Process Automation (IPA) has emerged as a game-changer in the business landscape, promising streamlined operations, cost savings, and enhanced customer experiences. However, the journey towards reaping these benefits is fraught with challenges that can derail projects and impede progress, as Simplifai explains.

How to master IPA implementation

Intelligent Process Automation (IPA) has emerged as a game-changer in the business landscape, promising streamlined operations, cost savings, and enhanced customer experiences. However, the journey towards reaping these benefits is fraught with challenges that can derail projects and impede progress, as Simplifai explains.

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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