Sector Updates

In an era where regulatory oversight of the wealth and asset management sector is intensifying globally, the stakes for compliance have never been higher. This sector, pivotal to national economies, plays a crucial role in helping consumers manage their assets and achieve their financial goals. However, its significance also makes it a potential target for misuse by malicious entities aiming to launder money.

Ordo, an open banking and request-to-pay FinTech, has secured £10m in a Series A funding round led by Equinox Systems.

Co-op Insurance, a renowned insurance provider, has partnered with Urban Jungle to launch a new renters product designed to to provide better value and protection for renters. 

Global insurer and reinsurer, QBE North America, a branch of QBE Insurance Group Limited, and Guidewire, a trusted platform for property and casualty (P&C) insurers, have revealed a strategic partnership.

Google has revealed it handed out $8.7m in bug bounty payouts last year as a part of a vulnerability reward programs.

Audit Sight, which develops auditing technology for financial services, has collected $2.5m in its seed round.

4Trans, a FinTech firm specialising in financial products for supply chain and logistics companies, and Allianz Trade, a prominent player in the insurance sector, have embarked on a strategic partnership.

Auto insurance startup Noblr has received an undisclosed investment from Hudson Structured Capital Management. Other contributions to the round, which’s value was not disclosed, came...

C2FO, which helps companies get access to working capital, has received a $200m funding round led by the SoftBank Vision Fund.

Fraud protection, privacy and compliance analytics platform Pixalate has raised $18.1m in growth funding.