PolicyStreet, an emerging InsurTech company, has been granted the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC).

Transamerica, a provider of life insurance, retirement and investment solutions in the US, has launched a suite of customisable services that makes it easier for employees to access their workplace supplemental insurance benefits.

Insurify, a virtual insurance agent offering services to compare, buy and manage insurance, is to acquire Compare.com Insurance Agency.

The Bank of Canada believes an offline Central Bank Digital Currency (CBDC) would help to boost financial inclusion.

Aveni has been selected by Schroders Personal Wealth to transform its compliance function through the deployment of the Aveni Detect platform.  

Relai, a place to buy and sell bitcoin, has reportedly raised $4.5m in a funding round that will help the crypto company bolster its position in Europe.

RegTech firm Flagright has partnered with Kenyan digital FinTech Fingo Africa to enhance the latter’s AML compliance and fraud protection capabilities.

Brazilian FinTech company Blipay, which aims to improve financial services experiences, has reportedly raised $6.7m in a debt financing round.

RangeForce, which helps teams improve their cybersecurity skills, has scored $20m in its Series B funding round to bolster the expansion of its platform.

Global instant payment transactions are expected to exceed 235 billion by 2027, up from 74 billion in 2023, according to Juniper Research.