Sector Updates

Alloy, a decentralised finance platform for institutional investors, has closed its pre-seed funding round on ?2.6m.

Merge, which is building an API-based banking and payments platform, has collected $9.5m in its seed funding round.

Scanbot launched its mobile scanning technology SDK in 2017 after discovering that insurers were dissatisfied with cumbersome claim filing processes, struggling with poor document quality and were being weighed down by time-consuming and costly document reviewing processes. Now, its mobile document scanning is turning the way insurers handle documents on its head.

With the number of children using digital services increasing by the year, the need for greater online financial protections is increasing considerably.

Cowbell Cyber, provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its Cyber Risk Heatmap.

Australian digital insurance company Open has signed a partnership with Bupa, an international healthcare group,

Arturo, a PropTech company that delivers intelligent analytics from individual property to portfolio, has partnered with expert in natural catastrophe (NatCat) ICEYE to bring insurers flood and property damage insights.

Financial institutions have a “resilience paradox” that is costing them up to 50% of their revenue, according to a study from global infrastructure and connectivity provider BSO.

Medical care and travel startup Air Doctor has raised $20m in a funding led by Lightspeed Ventures to enter its next phase of growth.

Over two thirds of consumers want their bank or financial institution to become more sustainable in future, according to a new report from cloud banking platform Mambu.