The first wave of the InsurTech revolution has delivered significant innovation, but it has also left critical structural gaps unresolved. Over the past decade, the sector has made notable progress in areas such as digital distribution, API connectivity, embedded insurance, and the modernisation of agency management systems. However, beneath these advancements lies a growing concern, according to Producerflow. Foundational issues...

Liberty Mutual has partnered with life insurance technology company Ethos to expand its direct-to-consumer life insurance offering in the US. The collaboration will see Liberty Mutual use Ethos’ underwriting engine and digital platform to deliver a fully online, end-to-end life insurance experience under its own brand. Customers will be able to qualify for and purchase coverage instantly, without a medical exam,...

Regulatory change is accelerating at a pace that is leaving many financial services firms struggling to keep up. New rules land daily, guidance documents multiply, and compliance teams are expected to absorb mounting complexity without any proportional increase in resources. To better understand how organisations are coping, AscentAI surveyed risk and compliance professionals across FinTech firms, Tier 1 banks,...

Volkswagen Financial Services UK, the financial arm of the group, has appointed InsurTech firm Wrisk Transfer Limited as its preferred insurance provider for Volkswagen Commercial Vehicles. The partnership is designed to enhance VWFS UK’s insurance proposition for commercial vehicle customers across the UK, according to FF News. Under the agreement, customers will receive up to three days of complimentary “Drive Away”...

KYC360 recently hosted a session at the School of International Financial Services (SIFS) examining one of compliance's most persistent headaches: managing know-your-customer (KYC) obligations across intricate client relationships. According to KYC360, the discussion touched on layered ownership structures, the triggers that prompt risk escalation, and the technology firms are deploying to keep up. Live polls conducted during the session...

Transamerica, a life insurer, has partnered with global reinsurer Swiss Re to modernise its claims experience. The initiative will see Transamerica adopt Swiss Re’s PromiseXP platform to simplify claims processing, improve communication and enhance support for beneficiaries. The rollout is expected by the end of 2026 and forms part of a broader transformation programme across Transamerica’s life insurance business. The collaboration is...

Federal Reserve Financial Services (FRFS), the payments arm of the US Federal Reserve, has unveiled a new network intelligence API for its FedNow instant payments service, set to go live on 28 April for early adopters. The tool equips financial institutions and service providers with receiver account-level data drawn from activity observed across the FedNow network, offering participants an additional...

Key US FinTech investment stats in Q1 2026: US FinTech funding grew by 16% YoY Californian firms secured half of the top 10 FinTech deals to reinforce the states position as the main FinTech hub in the country Vestwell, a WealthTech platform modernising how Americans save across retirement, education and emergency savings, raised $385m in a Series E round,...

It was a slower week for the FinTech sector, compared to some in the past couple of months. A total of $623m was raised across 17 deals.  This week was a noticeable decline from last week, which saw $806m raised across 23 deals. Last week was bolstered by a couple of major deals, including digital bank Plata, which raised $405m...

Goldwise, a UK FinTech founded by former Royal Mint executives, has launched a mobile trading platform designed to give savers and investors a simpler way to buy, manage and sell fractional physical gold, silver, platinum and palladium. The platform is built around the Goldwise Engine, a proprietary enterprise-grade infrastructure that handles customer onboarding, institutional pricing and execution, payments, allocation, custody...