Sector Updates

Cambridge Mobile Telematics (CMT), a telematics service provider, has acquired fellow telematic company Amodo.

Recent work by Currencycloud has suggested that the gap in differences between traditional lending and payments is narrowing.

In digital transformation initiatives, claims experiences have often been neglected due to the fact they are an expense and not a value driver. However, improving customer experience in these processes could be the secret to keeping more clients. One of the companies pioneering this charge is Benekiva.

South Africa-based InsurTech company Pineapple has reportedly netted $3.4m in its Series A funding round, after experiencing 200% growth in six months.

Indian mobile payments and financial services startup instantPay has raised about $5m in a pre-Series A round of funding. The capital comes from RB Investments and Kaleden Holdings.

Australian mobile payments firm Mr Yum has snared £48m from a Series A funding round led by Tiger Global.

We've put together a list of ten women leaders who are helping to define the future of cybersecurity and who are playing a critical role in ensuring the security of the global financial services industry.

Frost, an e-money institution helping people take back control over their finances, has raised a total £1.1m in funding and named Andrew Jennings as CSO.

North Korea is continuing to steal hundreds of millions of dollars from financial institutions, exchanges and crypto firms, according to UN experts.

Urban Jungle, a London-based insurance startup, is gearing up to announce a substantial funding round of around $14.4m this week, as reported by Sky News.