Sapiens International Corporation, a leading global provider of software solutions for the insurance sector, and Absa Life, a foremost life insurance provider in South Africa, are teaming up.

UNest, a family investment app, and Wysh Life and Health Insurance Company, an innovator in the provision of life insurance, have partnered.

Magic, a Wallet-as-a-Service (WaaS) provider, has recently successfully secured $52m in a strategic funding round.

HSBC, in partnership with Arabesque AI, has announced the launch of a pioneering ESG Index backed by artificial intelligence (AI).

Vartana, an enterprise checkout platform designed for B2B software and hardware purchases, has bagged $20m in a Series B.

Measurabl, an ESG technology platform for real estate, has announced the completion of its $93m Series D funding round.

The BIS Innovation Hub has found that a number of key tech developments have proven to be superior for detecting money laundering networks.

The EBA has started a public consultation to review its guidelines on money laundering and terrorist financing risk factors.

In a recent post by Alessa, the firm outlined the role of AML audits in enhancing regulatory compliance at companies. 

In the rapidly evolving world of insurance and InsurTech, the term "big data" is gaining significant traction. With implications for risk assessments, policy pricing and customer interactions, insurance industry professionals explore how it is driving innovation.