Banking Infrastructure

Underwriting has often been considered the bedrock in which insurance policies are built upon. Coupled with a rigid loss control strategy, these tenets make up the heartbeat of the insurance industry, shaping its trajectory and resilience in the face of evolving challenges. A host of insurance industry experts delved into the changing roles of underwriting and loss control and discussed the future of risk engineering.

Accenture expands data expertise with strategic acquisition of Redkite

Accenture, a global professional services powerhouse, has recently announced its acquisition of Redkite, a leading UK-based data consultancy firm.

additiv partners with QCENTRIS to expand into Middle East and North Africa

additiv, a SaaS provider for credit and wealth management, has partnered with QCENTRIS as it looks to expand presence to countries in the Middle East and North Africa.

Frollo launches new compliance solution for companies struggling with open banking

Australian FinTech company Frollo has launched new product to help businesses comply with new data rules as they embrace open banking.

Ardian Growth, Naxicap Partners, Apax Partners exit Consort NT

Ardian Growth, Naxicap Partners and Apax Partners Development have sold their shares in digital services developer Consort NT.

Berlin-based re:cap closes one of Europe’s largest seed rounds

Berlin-based re:cap has closed on of the largest seed rounds of a European FinTech company, collecting $111.5m.

Pennyworth launches financial planning app on iOS, Android to follow

UK-based neobank Pennyworth has begun beta testing of the first version of its financial planning app on all iOS devices.

United Fintech unveils advisory board to help steer firm to global expansion

United Fintech has appointed its Advisory Board with the aim of driving the company towards further global expansion.

Cogni collects $23m to bridge the gap between Web2 and Web3

Cogni, digital banking platform aimed at enhancing consumer lifestyles, has raised $23m in Series A funding.
FinTech startup Pactio raises $14m from EQT Ventures to enhance private capital workflows

FinTech startup Pactio raises $14m from EQT Ventures to enhance private capital workflows

Pactio, a next-generation FinTech platform, has successfully completed a $14m Series A funding round.

Bank of England set to launch CBDC consultation in 2022

The Bank of England (BofE) has revealed it intends to launch a consultation to set out their assessment of the case for a UK central bank digital currency (CBDC) next year.
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News Stories

Boosting identity-based security, Elisity raises $37m from Insight Partners

Boosting identity-based security, Elisity raises $37m from Insight Partners

Elisity, a leading pioneer in identity-based microsegmentation, announced a significant financial boost with a $37m Series B funding round led by global software investor...
Blend Labs secures $150m from Haveli Investments to boost financial service innovations

Blend Labs secures $150m from Haveli Investments to boost financial service innovations

Blend Labs, known for its cloud banking services, and Haveli Investments, a technology-focused private equity firm, have announced a strategic partnership marked by a significant $150m investment in Blend by Haveli.
Corelight bags $150m in Series E funding to boost AI security innovations

Corelight bags $150m in Series E funding to boost AI security innovations

Corelight, a prominent player in open network detection and response (NDR) headquartered in San Francisco, recently secured a substantial $150m in Series E funding.
Backflip secures $15m in Series A to redefine real estate FinTech

Backflip secures $15m in Series A to redefine real estate FinTech

Backflip, an all-encompassing real estate and financial technology platform, has closed a $15m Series A funding round, spearheaded by FirstMark Capital, known for their early investment in other category-defining platforms like Airbnb, Shopify, and Pinterest.
Navigating corporate reporting: How CSRD is changing the game

Majority of companies not subject to CSRD still plan to align with its requirements

The majority (81%) of companies not subject to the European Union’s Corporate Sustainability Reporting Directive (CSRD) intend to partially or fully align their sustainability...
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