Sector Updates

Open banking solution developer ModusBox has teamed up with SaaS-based automated onboarding tool DocFox to help banks and credit unions improve data access.

As the world treads towards digitalisation, wealth management firms must keep pace with changing technologies by preparing their operations for the digital age.

Tipalti, a payables automation platform, has scored $76m in its Series D round which will support the launch of new offices in North America and Europe.

Cyber protection company Acronis has acquired endpoint device control and data loss prevention software company DeviceLock.

The insurance industry relies heavily on efficient data communication, and two key terms, the Core Data Record (CDR) and the Market Reform Contract (MRC), play significant roles in standardising this communication. While distinct, both concepts contribute to insurance processing and documentation, streamlining operations in the sector.

Seattle-based personal finance and insurance platform Tomorrow Ideas has raised up to $5.9m in its latest funding round.

InsurTech MGA Loadsure has launched a cargo insurance product Cargo Plus.

VRRB Labs, a decentralised protocol that combines speed, scalability and decentralisation, has landed $1.4m in pre-seed funding.

Business-to-business payments specialist Adflex has teamed with fraud protection company Signifyd to strengthen security checks for its merchant customers.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.