AI security has reached a turning point, with the latest Cyber 60 CISO survey highlighting how artificial intelligence has moved rapidly from experimentation to essential infrastructure. Almost half of organisations now say AI is critical to both business operations and security strategy, while three quarters report having experienced, or at least suspected, an AI-related security incident, claims Theta Lake. The implication...

Across the insurance industry, reserving remains one of the most complex and high-stakes actuarial activities. Actuaries are expected to deliver accurate, transparent and well-documented reserve estimates while navigating increased regulatory scrutiny, volatile economic conditions and growing data volumes. Yet despite these pressures, many reserving teams continue to rely heavily on spreadsheets as their primary analytical tool, exposing organisations to operational...

Not long ago, financial crime risk assessments were often approached as a box-ticking exercise. Many firms treated them as annual paperwork designed to satisfy regulators rather than as tools to understand real exposure. According to Arctic Intelligence, the process was typically static, administrative and backward-looking. While that approach may once have passed muster, it is now fundamentally misaligned with...

Gain Life, an InsurTech company providing AI-powered workflow automation for property and casualty (P&C) insurance operations, has announced a rebrand to Crosstie as it looks to expand its role across insurance workflows. The rebrand has been introduced to better reflect the company’s evolution and growing customer use cases. As Gain Life’s platform has expanded beyond its initial positioning, the Crosstie...

Equifax has announced the launch of Credit Abuse Risk, a new predictive model designed to help lenders identify and mitigate first-party fraud while supporting more confident lending decisions. The new product has been introduced in response to the growing financial impact of first-party fraud across the lending ecosystem, as individuals increasingly exploit credit systems through practices such as loan stacking...

One Identity has announced the appointment of Gihan Munasinghe as its new chief technology officer, with responsibility for leading the company’s global engineering organisation and defining its long-term technology strategy. One Identity specialises in identity and access management software designed to help organisations secure, manage and govern digital identities across complex IT environments. Its platform supports businesses in protecting sensitive...

Kaizen RegTech Group has announced new leadership responsibilities within its existing group structure, with Dario Crispini continuing as Group CEO and Michael Leach promoted to CEO of Kaizen Reporting, the group’s flagship regulatory reporting business. The group provides technology-driven regulatory reporting and compliance solutions designed to help financial institutions meet complex global regulatory requirements. Its platforms focus on automating regulatory reporting...

HAQQ Legal AI, a company building an operating system for the legal industry, has announced it has raised a total of $3m to date as it accelerates the development and global rollout of its Legal AI and practice management platform. The funding round was led by Sowlutions Ventures, with participation from HITEK Ventures, Corona Legal, IM FNDNG, Highworth, Razor Capital,...

Fieldguide, an AI-native platform for audit and advisory firms, has raised $75m in a Series C funding round led by Goldman Sachs Alternatives’ Growth Equity. The funding round, which also saw participation from new investor Geodesic and existing backers Bessemer Venture Partners, 8VC and Thomson Reuters, brings Fieldguide’s total capital raised to $125m and values the company at $700m. Audit and...

Varo Bank, a US-based all-digital nationally chartered consumer bank, has announced a $123.9m growth investment as it looks to enter its next phase of expansion. The Series G round was led by existing investor Warburg Pincus alongside new investor Coliseum Capital Management, LLC. Existing backers, including Northview, also increased their commitments as part of the transaction. Alongside the funding, Varo confirmed...