Remote onboarding has become one of the biggest friction points in financial services, even as regulators continue to tighten expectations around AML compliance. Many firms still depend on document uploads, liveness checks, video calls, and manual reviews to satisfy KYC requirements. According to Hopae, the result is often a clunky experience that customers abandon partway through, with nearly one...

Global insurance and reinsurance broker WTW has completed its acquisition of San Francisco-based Newfront, a deal valued at $1.3bn, including upfront and contingent consideration. The move strengthens WTW’s presence in the US middle market and expands its exposure to high-growth sectors including technology, FinTech and life sciences. Newfront adds a technology-enabled broking platform, supported by a growing producer base, proprietary client-facing...

Horizon scanning has become an essential tool for organisations attempting to navigate an increasingly complex regulatory landscape. It refers to the process of identifying, monitoring and assessing emerging risks, with the aim of anticipating future developments before they take effect. According to Corlytics, by collecting and analysing regulatory data, firms can understand how upcoming requirements may influence their operations...

Rein Security, a trusted application security company for leading enterprises, has emerged from stealth to tackle what it describes as critical blind spots in application and AI security. The firm said it is building on an initial $8m seed round led by Glilot Capital. Rein’s platform is designed to provide real-time context and protection inside application production environments, aiming to help...

Allianz Commercial has opened a new Latin America Hub in Miami, establishing a regional base to serve clients and brokers across Latin America. The hub is located at 1111 Brickell Ave., 10th Floor, Miami, FL, and provides access to facultative reinsurance and commercial insurance solutions across Property, Construction & Natural Resources, Entertainment, Financial Lines including Cyber, Marine and Multinational Services....

Memcyco, a real-time digital risk protection platform, focused on stopping brand impersonation scams and ATO fraud, has announced fresh funding of $37m. The firm said it has secured $37m in an oversubscribed Series A round led by new investors NAventures, the corporate venture arm of National Bank of Canada, E. León Jimenes, and PagsGroup, the family office of Steve Pagliuca,...

Broker Insights, a Dundee-based InsurTech specialising in data-driven commercial insurance distribution, has unveiled the latest version of its VISION platform, as it looks to reshape the commercial insurance sector. By using artificial intelligence and advanced data insights, the updated VISION platform helps brokers identify businesses with gaps in product coverage, notably in cybersecurity and management liability insurance, and enables them...

Fulcrum, a US-based InsurTech company focused on automating back-office processes for insurance brokers, has raised $25m as it looks to expand the reach of its software among some of the largest brokerage houses in the country. The company secured the funds across its seed and Series A funding rounds, according to Life Insurance International. The financing was led by venture capital...

Sokin, a global business payments company, has secured financing from Oxford Finance with a $100m long-term debt facility.  The company has agreed a $100m long-term debt facility which will provide Sokin with additional capital to support its expansion plans. Sokin positions itself as an end-to-end platform for global businesses, focused on streamlining payments and treasury workflows across borders. Its offering covers...

Diginex, a sustainability and RegTech software provider listed on Nasdaq, has appointed Lubomila Jordanova as its new CEO to support a major phase of growth, strategic acquisitions, and European expansion. The leadership change marks a pivotal moment for the company as it strengthens its position in integrated sustainability and regulatory technologies. Diginex operates as a global platform that helps businesses...