Financial services leaders have sounded the alarm over a significant absence of AI governance standards in the UK, with new research from Zango AI, a compliance technology firm, warning that the sector faces growing systemic risk. According to Financial Reporter, the findings come as the Bank of England prepares to bring together the Treasury, the FCA and the National Cyber...

Palana S.A., a Luxembourg and London-based regulatory, compliance and technology group serving the European financial services industry, has completed the merger of Avanterra and Palana S.A. into Palana Services, which has since been renamed Palana S.A., effective 1 April 2026. The transaction brings together three previously separate but commonly owned entities into a single integrated group, combining regulatory reporting, compliance...

Across EMEA, insurers are investing heavily in insurance pricing and AI. Companies are looking to implement faster decisions, more precise pricing, and the ability to compete in a market defined by volatility and regulation. On the surface, progress looks real. New models are built. Data science teams expand. AI pilots are launched. Platforms are upgraded. Yet when it comes...

Clearcover, a digital-first InsurTech specialising in car insurance, has launched a new auto insurance product in Florida alongside its “26 for ’26” agent incentive programme, aiming to deliver flexible, transparent cover while boosting agent engagement. The launch is designed to address affordability and accessibility challenges in the Florida auto insurance market. Clearcover’s product removes common cost barriers such as late fees,...

Sardine has announced a partnership with Modulr, a payments automation platform, to bring AI-enabled fraud detection and anti-money laundering capabilities to automated payment flows. Under the agreement, Sardine will provide Modulr with a suite of integrated fraud and AML solutions, enabling the payments firm to identify and prevent financial crime across card and real-time payment rails. The technology will also...

Zurich General Insurance Malaysia Berhad and Zurich General Takaful Malaysia Berhad, two Malaysian insurance arms of the Zurich group, have been handed combined administrative monetary penalties by Bank Negara Malaysia for breaching targeted financial sanctions requirements. BNM imposed a penalty of RM1,040,000 on Zurich General Insurance Malaysia Berhad (ZGIMB) and RM520,000 on Zurich General Takaful Malaysia Berhad (ZGTMB), bringing the...

Squads, a financial technology company building business finance on stablecoin infrastructure, has closed an $18m strategic funding round, bringing its total capital raised to $42.9m. The raise was led by Solana Ventures, with Coinbase Ventures, Haun Ventures, L1D, Collab+Currency, Electric Capital, Placeholder, Jump Crypto, and Robot Ventures all contributing. The capital will be used to accelerate Altitude, Squads' financial operating...

Fence, a technology platform rebuilding infrastructure for asset-backed finance, has secured $20m in a new funding round led by Galaxy Ventures. The oversubscribed raise also saw participation from seed investors ParaFi Capital and Crane Ventures Partners, formerly known as MassMutual Ventures, both of whom reinvested within months of Fence's previous seed round. The fresh capital will be directed towards accelerating...

Origami Risk, a provider of cloud-native risk, safety and insurance software, has been selected by Gramercy Risk Management, an insurer targeting underserved markets, to deploy its P&C SaaS platform and support business expansion. The partnership aims to consolidate Gramercy’s core insurance operations onto a single platform, enabling the company to streamline processes and scale more efficiently as it grows, according...

Roamly, an InsurTech focused on mobility insurance solutions, has launched a usage-based commercial insurance product for autonomous fleets that prices cover in real-time, and reduces costs when vehicles operate in autopilot mode, in partnership with Tesla. The product, known as Roamly FSD (Full Self Driving), is designed to address a key barrier in the autonomous vehicle market: access to suitable commercial insurance. As...