InsurTech Optalitix and dynamic insurance pricing platform Quantee have announced a strategic partnership aimed at revolutionising insurance pricing.

The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.

The U.S. Securities and Exchange Commission (SEC) introduced a significant regulatory update on August 24, 2023, impacting private fund advisers through the adoption of the Private Fund Adviser Rules. This regulatory shift comprises several key components aimed at enhancing transparency and safeguarding investor interests. Among these, the Adviser-led Secondaries Rule and the Annual Fund Audits Rule stand out for their direct impact on fund management practices, accompanied by the amendment to the compliance review documentation requirements.

ClearBank, renowned for its cutting-edge real-time clearing and embedded banking services, has announced a strategic partnership with Wealthify, a digital investment platform backed by Aviva since 2016.

BMO, North America’s eighth largest bank by assets, has partnered with Dynatrace, a leader in unified observability and security. The partnership between BMO and Dynatrace is rooted in the mutual goal of scaling digital capabilities to provide superior customer experiences worldwide. Dynatrace offers a unified observability and security platform that incorporates technologies like the Grail™ data lakehouse and Davis® hypermodal AI....

In total there were 331 unique investors in European Insurance companies during 2023. Techstars was the most active investor in European InsurTech companies with five deals. Techstars’ investments included Sprout.ai, a intelligent claims automation engine for the insurance industry, and Fluffy, which provide pet insurance that comes with rewards for responsible pet parents. Benjamin Deplus, Principal in the Venture Team...

Kameo, a leading investment platform in Scandinavia, has recently bolstered its foundations with a significant £1.1m investment from Incore Invest, as part of a broader £2.26m share issuance.

Finom, a challenger bank based in Europe and specifically tailored for SMEs and freelancers, has recently announced a substantial boost to its operations with a Series B equity funding round, raising a noteworthy €50m.

Phalanx AI, a pioneering cybersecurity company, has been honoured with the Catalyst Grant from the Arlington Innovation Fund (AIF), a recognition facilitated by Arlington Economic Development (AED).

Mia Share, a FinTech company specialising in streamlining digital payments for trade and technical schools, has raised $6.5m in a seed funding round.