South African InsurTech Naked, known for its AI-powered and fully digital insurance platform, has raised $38m in a recent financing round. The tranche included a $4m investment from Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), alongside contributions from other key investors such as impact investor BlueOrchard, the International Finance Corporation (IFC), and existing backers Yellowwoods and Hollard, according to Startbase. Naked offers a...

The growing adoption of artificial intelligence (AI) in governance, risk, and compliance (GRC) programs is reshaping how organisations manage regulatory requirements. Specialised language models (SLMs) are emerging as a more secure and efficient alternative to large language models (LLMs) like ChatGPT and Gemini Pro, addressing critical concerns related to data privacy, accuracy, and control.

Clutch, the creator of omnichannel digital consumer banking origination software for credit unions, has raised $65m in a Series B funding round. This significant financial injection is spearheaded by Alkeon Capital Management, with key contributions from Andreessen Horowitz, TruStage Ventures, and Peterson Partners. The funding will enable Clutch to embark on ambitious growth strategies and product enhancements, including AI integration...

Ecommpay has integrated Swish, Sweden’s leading banking app,  into its global payment platform to improve the checkout experience for Swedish customers. This partnership enables merchants targeting the Swedish market to optimise checkout performance and reduce cart abandonment. With this addition, Ecommpay clients can optimise payment experiences, reduce cart abandonment rates, and gain access to a payment solution that is trusted by...

The UAE’s recent End of Service Gratuity Reform represents a significant step towards modernising employee benefits and retirement planning for private sector and free zone employees.

Passbolt, an open-source credential and access management platform for organisations, has raised $8m in a Series A funding round.

CIBC Innovation Banking has provided £5m in corporate debt financing to Infinity, a leading European call tracking and analytics provider.

Moniepoint, a Nigeria-based business payments and banking services platform, has secured an investment from Visa, a global leader in digital payments.

Adclear, a RegTech startup focused on automating marketing compliance for fintech companies, has secured £510,000 in pre-seed funding.

As the European Union's Digital Operational Resilience Act (DORA) comes into effect, KYND, a leader in cyber risk intelligence and management, is urging financial services firms to prioritise long-term cyber resilience within their operations.