Sector Updates

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Russia-based digital bank TalkBank closed $1m seed round

Russia-based digital bank TalkBank has reportedly closed a $1m seed funding round from investors including IIDF.

How increased accountability is impacting the financial market

SM&CR has increased emphasis on personal accountability within firms and caused many senior managers to abandon ship for less risky roles, Ascent partner lead Maria Phillips told FinTech Global.
Why executives need to understand AI

Why executives need to understand AI

While AI is the top of technoogy discussions, there is still uncertainty around it. Aveni recently hosted a webinar AI: Why an executive understanding is so important, which can be watched here. It featured a discussion between natural language processing (NLP) scientist Dr Lexi Birch and Aveni COO Jamie Hunter.??

More depth needed to protect against cyberattacks, US Attorney General claims

US Attorney General Merrick Garland has said the country’s private industry needs to enact better safeguards to avoid consequences in the event of a cyberattack.

SEC fines Healthcare Services Group $6m over contingency reporting lapses

Healthcare Services Group agreed to pay $6m as part of a settlement with the Securities and Exchange Commission (SEC) for contingency reporting failures that led to accounting and disclosure violations.
fintech-news

PayPal backs South Korean P2P app maker Viva Republic

Viva Republic has picked up $48m in Series C round that saw participation from PayPal. Viva Republic is the parent company of South Korean peer-to-peer payments app Toss.
insurity-launched-claims-payments-digital-insurance-payouts

Insurity Launches Sure Claims Payments as a Standalone Solution for Seamless Digital Insurance Payouts

Insurity, a premier provider of cloud-based software for insurance carriers, brokers, and MGAs, is set to offer its Sure Claims Payments solution as a standalone product, powered by Dream Payments and connected to J.P. Morgan Payments.

How the protection gap in the life insurance space was created?

The fragmented and non-scalable nature of the life insurance distribution sector has caused a massive protection gap, according to Anorak co-founder and CEO David Vanek.

Lidya collects pre-Series B funding as it looks to boost its lending efforts

Nigeria-based Lidya, which offers small business loans, has reportedly raised $8.3m in its pre-Series B funding round.
fintech-news

Tesco set to re-launch digital wallet app PayQwiq to Tesco Pay+

Tesco is to re-launch its digital wallet app, PayQwiq, to Tesco Pay+ two years after originally launching it. The app is said to enable customers...

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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