Wealthyhood, a WealthTech app designed to help younger investors build wealth, has closed a €6m funding round led by the Bank of Cyprus Public Company Limited. The round also saw participation from Genesis Ventures, which had previously led Wealthyhood's pre-seed round and followed on during its seed stage. Alongside the capital injection, the deal establishes a strategic partnership between Wealthyhood and...

Artificial intelligence is rapidly redefining what market intelligence looks like for property and casualty (P&C) insurance pricing teams. Historically, the information needed to understand competitor behaviour and regulatory trends was buried in lengthy filings, fragmented PDFs and inconsistent terminology. Extracting useful insights required significant manual effort and often took months. Today, advances in AI are helping insurers turn those scattered...

Swiss insurance group Zurich Insurance has launched a new pet insurance product in Australia, developed in collaboration with digital insurer Honey Insurance. Distribution will be handled by BOQ Group under the Virgin Money brand, with cover including protection for accidental injury and illness alongside optional extras for dental illness and routine care. Policyholders will also gain access to a ‘Dial...

European Space Agency-backed InsurTech BirdsEyeView has launched AI Data Scrubbing, a new capability designed to automate Statement of Values (SOV) data cleaning and geolocation to support bulk hazard modelling at scale. The capability applies advanced artificial intelligence to automatically clean, standardise and geolocate submitted Excel SOV files, transforming raw exposure datasets into modelling-ready inputs within minutes. Preparation of exposure data remains...

The Financial Regulatory Authority (FRA) has introduced a new regulatory framework designed to govern the establishment, management and closure of branches operated by companies licensed to provide non-banking financial services. The new rules, issued under Decision No. 44 of 2026, are intended to strengthen supervisory oversight across the sector while ensuring firms expand their operations responsibly, said Daily News Egypt. Regulators...

Vivox AI has secured £1.3m in its first funding round to accelerate the growth of its enterprise platform and expand its product capabilities for regulated financial institutions. The investment round attracted backing from a number of prominent figures and industry participants, including Axel Weber, former president of Germany’s central bank and chairman of UBS Group, as well as Dan Cobley,...

Lee Equity Partners, a private investment firm focused on financial and healthcare services, has acquired KCIC, a consulting firm specialising in managing complex tort-system liabilities, insurance assets and litigation risk. The acquisition forms part of Lee Equity’s broader strategy to expand its insurance services platform and strengthen its offering across the global insurance market. The transaction aims to accelerate KCIC’s...

The digitalization of the wealth management industry has been in full swing for many years, with firms looking to replace outdated and manual workflows with more efficient digital workflows. A recent survey by PwC of 264 asset managers and 257 institutional investors from across 29 countries and territories, found that 84% of the respondents believe technology will improve operational efficiency....

Upway, a refurbished electric bike marketplace focused on circular economy mobility solutions, has appointed Nathan Wilson as chief technology officer as the company accelerates its product development and artificial intelligence initiatives. According to Coverager, the Paris-founded company specialises in refurbishing electric bikes and selling them through its online marketplace, offering consumers a more sustainable and affordable entry point into electric...

Emerging markets are heading into 2026 from a position of strength, underpinned by solid economic growth, strong capital inflows, and a shifting global monetary and geopolitical landscape. According to a report from LSEG Data & Analytics, as developed markets grapple with heightened volatility and slowing momentum, investors are increasingly eyeing emerging economies for diversification, higher yields, and exposure to...