Sector Updates

Business banking app Novo reaches $700m valuation

Small business banking platform Novo has reached a $700m valuation following the close of its Series B round on $90m.

Axonius nets $20m to support of cybersecurity asset management platform

Cybersecurity Asset Management company Axonius has netted $20m in its Series B round which was led by new investor OpenView.

ASEAN Taxonomy for Sustainable Finance expands to include new areas

The ASEAN Taxonomy Board (ATB) has unveiled Version 3 of the ASEAN Taxonomy for Sustainable Finance, extending its scope to encompass the Transportation &...
fintech-news

Clearlake buys Perforce Software from Summit Partners

Private equity firm Clearlake Capital Group has purchased Perforce Software, a provider of enterprise scale software solutions, from Summit Partners.

Global CyberTech funding set a new record last year amid escalating cyber threats brought...

CyberTech companies raised $6.2bn across 354 transactions in 2020
Verisk-to-help-insurers-respond-to-Hurricane-Ian

Verisk and Vexcel to support insurers’ Hurricane Ian response time

Verisk, a global data analytics provider, has partnered with Vexcel Data Program, the world’s largest aerial imagery programme, to help insurers accelerate their response to the widespread property damage caused by Hurricane Ian.
Data443 Risk Mitigation

Data443 lands $1.5m boost and amends debt conditions

Data443 Risk Mitigation, Inc. (Data443), an industry leader in data security and privacy software solutions, has today announced the completion of a series of transactions that have netted the company an additional $1.5m in growth capital while simultaneously retiring specific outstanding debt obligations.

Rapyd waive foreign exchange and processing fees to support companies struggling from COVID-19

FinTech Rapyd has joined the list of FinTech companies looking to help businesses feeling the squeeze of the coronavirus.

DeFi investing software Conduit scores $17m

Conduit, a developer of DeFi products for FinTechs, neobanks and exchanges, has collected $17m in fresh funding.

R3 strikes partnership with Dubai FinTech startup Wethaq

Enterprise blockchain company R3 has signed a strategic partnership with Wethaq, the Dubai-based FinTech startup, to develop a new financial market infrastructure in Islamic capital markets.

News Stories

CUBE

CUBE bolsters reach with Thomson Reuters Regulatory Intelligence acquisition

CUBE, a leading provider of ARI and RCM, has acquired Thomson Reuters Regulatory Intelligence and Oden products and businesses.
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.
Workiva

Workiva and ERM unite to drive sustainable business practices

ERM, the largest global specialist sustainability consultancy, has recently announced a strategic partnership with Workiva.
Basel

Basel Committee highlights rising risks from finance digitalisation in new report

The Basel Committee on Banking Supervision has released a comprehensive report analysing the impact of ongoing digitalisation on the finance sector, particularly focusing on banks and supervision.
InsurTech leader Kalepa is set to leverage its award-winning Copilot underwriting platform to enhance risk analysis, critical submission management capabilities, and document ingestion for Munich Re Specialty – North America.

Munich Re Specialty – North America to deploy Kalepa’s Copilot underwriting platform

InsurTech leader Kalepa is set to leverage its award-winning Copilot underwriting platform to enhance risk analysis, critical submission management capabilities, and document ingestion for Munich Re Specialty – North America.

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