Sector Updates

The Bank of England picks AutoRek to automate reconciliation

The Bank of England has chosen RegTech solution AutoRek to help automate their reconciliation process and boost efficiencies.

Tesla insurance sets foot in New Jersey

Tesla has filed an auto insurance programme in New Jersey, as it rolls out its expansion across the US.
insurers-are-shifting-focus-to-operational-resilience-autorek-says

Insurers are shifting focus to operational resilience, AutoRek says

Strategic priorities in the global insurance sector are shifting as firms increase their focus on operational resilience, according to new research from AutoRek.

Loot seals £2.2m in Series A round led by Portag3, Speedinvest

Digital current account company Loot has raised £2.2m in a series A funding round.

Just Insure looking to enter new US states after funding round

Pay-per-mile insurance technology developer Just insure has netted $8m in a funding round, which will help it move into additional US states.

FCA fines experienced trader for market abuse £100,000

An experienced trader at Fenician Capital Management has been slammed with a £100,000 fine and prohibited from working in any regulated activity after allegedly engaging in market abuse.
Majesco expands P&C solutions with strategic acquisition of DRC Business

Majesco expands P&C solutions with strategic acquisition of DRC Business

Majesco, a global provider of cloud insurance software solutions, has recently announced its acquisition of the Decision Research Corporation (DRC) business.

Swedish e-commerce cryptocurrency company QuickBit’s profits jump by 60 per cent

QuickBit, a FinTech enabling e-commerce retailer get paid with cryptocurrencies, has got improved its quarterly profit by 60 per cent to £2.42m.

“Fear not: bunq is here” – FinTech founder throws shade at N26’s UK withdrawal

German challenger bank N26 is going to cancel its UK operations, blaming the Brexit regulatory uncertainty for the decision. Now, a Dutch competitor is...

Bricknode sees itself as the SpaceX of the financial industry

Sweden-based Bricknode, a cloud financial services software company, sees itself as the SpaceX of the financial industry.

News Stories

XTCC pioneers first Shariah-compliant carbon credit investment ecosystem

XTCC pioneers first Shariah-compliant carbon credit investment ecosystem

XTCC, an investment ecosystem that specialises in high-integrity carbon credits, has announced the launch of the first Shariah-compliant multi-currency asset class for high-integrity carbon credits.
Normative launches new carbon reduction tools

Normative launches new carbon reduction tools

Normative, a pioneering enterprise carbon platform, has unveiled a new suite of features aimed at enabling businesses to effectively manage and reduce their carbon...
Incredible bags $1m pre-seed funding to revolutionise credit management

Incredible bags $1m pre-seed funding to revolutionise credit management

Incredible, the London-based FinTech startup, has recently secured $1m in pre-seed funding aimed at enhancing consumer credit management.
Koodoo and Resistant AI team up to boost document security

Koodoo and Resistant AI team up to boost document security

Koodoo, an AI-powered technology provider specialising in financial services, has announced a strategic partnership with Resistant AI, a leader in Document Forensics technology.
BimaPay secures $2m funding to revolutionise insurance technology in India

BimaPay secures $2m funding to revolutionise insurance technology in India

BimaPay Finsure has successfully secured a funding boost of $2m, orchestrated by LC Nueva Investment Partners, according to a report from the Hindu Business Line. 

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