ZestyAI, an AI-driven property risk intelligence company, has revealed that the Natural Resources Defense Council (NRDC), one of the United States' foremost environmental advocacy groups, is leveraging its ZORRO Discover™ product to advance climate-focused research and public policy initiatives. The organisation's FAIR Future Team is utilising ZORRO Discover™ to scrutinise insurance rate filings, observe shifts in regulatory policy, and strengthen...

Reserv, an AI-native third-party administrator (TPA) and claims technology provider for the property and casualty (P&C) insurance sector, has closed a $125m Series C funding round. The round was led by KKR, with participation from existing backers Bain Capital Ventures and Flourish Ventures, alongside select strategic partners and clients. The round will support Reserv's ambition to expand its annual claims processing...

Pmtbox, an enterprise commerce platform designed to consolidate payments, risk, and data for merchants, has closed a $15m seed funding round. This is reported to be the largest seed raise in Utah over the past decade. The round was led by Tandem Ventures, with contributions from Element Ventures, Cynosure Investment Partners, and Aaron Skonnard, founder and CEO of Pluralsight. The capital will...

A national property and casualty (P&C) carrier looking to break into the non-admitted Excess & Surplus (E&S) market turned to IntellectAI to build and deploy a fully functional underwriting platform in just 15 weeks. Outlined in a new case study, it explained how the carrier's expansion into non-admitted Excess Casualty coverage came with a familiar set of obstacles. Legacy systems are...

Understanding who is truly driving market activity has remained one of the most persistent challenges in financial markets. Traditional indicators and regulatory disclosures have offered only partial answers, often arriving too late to be of practical use. According to LSEG Data & Analytics, that is now beginning to change as real-time order flow analysis reshapes what market transparency can look...

As more organisations push artificial intelligence into live production environments, many are encountering a familiar obstacle: operational friction caused by fragmented, document-driven work. Without proper context, governance, and structure, documents create risk rather than value and AI systems cannot deliver results that people trust. M-Files, a context-first document management platform, is positioning itself as the solution to this challenge. By...

Data is the lifeblood for modern finance, and how it’s managed can make or break a business. QUODD was built to help firms improve their relationship with, and take control of, financial market data. QUODD is a New Jersey-based market data company and NewSpring Holdings portfolio company. Originally focused on the wealth management space, QUODD has expanded its reach to...

US firms secured almost half of all FinTech deals this week, as global funding reached a solid $800m across 21 transactions. American companies accounted for eight of the 21 deals, just under 40% of total activity, but captured a disproportionate share of capital, pulling in just over half of all funding raised during the week. The imbalance highlights the continued concentration...

The Saltus Partnership Programme, a support network for financial planning firms, and L.E.K. Consulting, a global management consultancy, have jointly released the second edition of the Financial Planning Growth Index, revealing that the vast majority of UK financial planning firms do not expect artificial intelligence to reduce their workforce this year. The survey, which gathered responses from more than 200...

HB Wealth, a fee-only independent wealth management firm with $30bn in assets under management, has expanded its partnership with Arch, a private markets operations platform, to streamline the management and reporting of its private markets portfolios. The firm, which allocates more than $5bn of its total AUM to private markets, has deployed Arch as a core platform to automate document...