Basis raises $100m Series B at a $1.15bn valuation to expand its AI agent platform for accountants. The round was led by Accel, with participation from GV (Google Ventures) and Lloyd Blankfein. Existing backers Khosla Ventures and others also doubled down on their investment. Additional investors include NFDG, Better Tomorrow Ventures, BoxGroup, Avid Ventures, and a number of prominent technology...

Xflow, India's leading B2B cross-border payments platform, has raised $16.6m in a Series A funding round at an $85m valuation, becoming the first Indian FinTech backed by both Stripe and PayPal Ventures. The round was led by General Catalyst, with participation from existing investors Square Peg, Stripe, Lightspeed, and Moore Capital, alongside new investor PayPal Ventures. The raise brings Xflow's...

Technology has helped cultivate an expectation of immediacy. With most things now available at the click of a button, people grow frustrated by any delay. While this is beneficial for most aspects of life, it is potentially damaging in the fight on financial crime. One area where this is of most concern is payments. Payment speed has accelerated over the...

Canopius, a global specialty and P&C re/insurer, has formed a strategic partnership with Globex Underwriting Services to strengthen the placement of local marine insurance policies worldwide. The collaboration enables Canopius to extend admitted local marine coverage across more than 200 countries and territories, according to InsurTech Insights. By leveraging Globex’s global network and digital infrastructure, the insurer aims to streamline...

A water leak is rarely “just a leak”. It is one of the fastest ways to turn an ordinary week into emergency call-outs, disrupted occupants, damaged finishes and months of reinstatement work. The irony is that the water itself is usually the smallest line item on the balance sheet. The real expense begins once it escapes into the fabric of...

Ecuador has contracted its first parametric agricultural insurance policies, providing protection against extreme rainfall and drought for up to 10,000 people in smallholder rice and maize farming households. The placement marks a milestone for the Tripartite Agreement Programme, a public-private partnership between the Insurance Development Forum, United Nations Development Programme and the German Federal Ministry for Economic Cooperation and Development...

The battle against financial crime is often seen as a regulatory obligation or a test of technical capability. In reality, it is far more complex than this. Effective compliance is ultimately a response to human behaviour, personal vulnerabilities and the gaps that exist across financial systems. According to ComplyAdvantage, treating financial crime purely as a compliance checklist risks overlooking the...

Digital sovereignty has rapidly evolved from a regulatory talking point into a boardroom priority. In its latest whitepaper, Digital Sovereignty: A Technical Framework – Balancing security, control and business priorities in an increasingly complex digital landscape, esynergy argues that many UK organisations are pursuing the wrong strategy. Rather than equating sovereignty with data localisation, the firm contends that control, governance,...

UiPath and WorkFusion have entered into an acquisition agreement that expands UiPath’s industry-focused automation capabilities within financial services and banking. The acquisition is designed to strengthen UiPath’s portfolio of agentic AI-powered solutions tailored to the financial services sector, particularly in the area of financial crime compliance. By integrating WorkFusion’s pre-built AI agents, UiPath aims to enhance automation across anti-money laundering...

Wealth management is approaching a structural inflection point as artificial intelligence shifts from isolated experimentation to becoming embedded in decision-critical workflows. Across advisory businesses, AI is no longer confined to innovation labs or proof-of-concept pilots. Instead, it is influencing advice quality, strengthening risk governance, enabling operational scale and reshaping how institutions build and maintain client trust. IntellectAI, which offers AI-powered tools...