ELEMENT, a trailblazing InsurTech startup based in Germany, has successfully closed a funding round, securing €50m. The investment comes from notable entities including Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi, marking a significant milestone for the company, according to a report from Coverager. Founded just a few years ago in 2017, ELEMENT has quickly distinguished itself in the InsurTech arena....

Relm Insurance, a prominent specialty insurance carrier catering to emerging and innovative industries, has welcomed Chris Sinkey as its Chief Operating Officer.

Global Screening Services (GSS), headquartered in London, has announced a fresh infusion of $47m.

ZayZoon, the leading Earned Wage Access (EWA) provider for small and mid-sized businesses, has successfully raised $15m in a Series B funding extension.

Omnichannel InsurTech firm, Qoala, has successfully completed its Series C funding round, amassing $47m.

The integration of Artificial Intelligence (AI) into financial services has marked a new era in compliance and regulatory adherence.

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering (AML) compliance software, emphasises the critical importance of accurately identifying and screening PEPs before any business engagement.

The financial domain is on the brink of a transformative era, driven by the digital-first mindset of Millennials and Gen Z. These generations are not just reshaping the investment landscape with their tech-savviness and social awareness, but they're also the catalysts for the dynamic evolution of WealthTech. This sector is now keenly focused on tailoring its offerings to meet the unique preferences of these emergent financial powerhouses.

In today's hybrid work environment, efficiently managing a dispersed workforce has become crucial. HCL BigFix Workspace+ emerges as a transformative solution designed to address the challenges of this new work model. This advanced hybrid workspace management tool enhances operational efficiency by offering proactive issue resolution for client devices, including user self-healing capabilities.

A new initiative, known as the Travel Insurance Eco Challenge, has been launched aiming to foster sustainable travel practices within the global travel insurance industry.