Atec Group, the insurance distribution and growth platform, has announced the appointment of Steve Woodford as its chief technology officer (CTO). Woodford previously served as chief information officer (CIO) for BGL Group and CompareTheMarket.com, where he played a key role in the platform’s rise to become the UK’s leading aggregator site, according to FF News. Atec Group specialises in tech-driven insurance...

Payroll platform CloudPay has partnered with Banco Santander, one of Europe’s largest banks, to offer employees of its SME and corporate clients in Spain real-time access to their earned wages. The collaboration aims to support small and medium-sized enterprises (SMEs) by providing employees with financial flexibility and promoting overall financial wellness, according to Finextra. This initiative reflects a growing trend of...

Beneficial ownership refers to the individuals who ultimately own or control a business entity, often behind the scenes, wielding influence over decisions and profits. According to AIPrise, this concept is pivotal in financial regulations for ensuring transparency and thwarting illegal activities like money laundering and fraud. A beneficial owner in legal terms is someone who holds at least 25%...

LexisNexis Risk Solutions announces its definitive agreement to acquire IDVerse, enhancing its document authentication and fraud detection capabilities. LexisNexis Risk Solutions, a part of RELX and a leader in leveraging advanced technology and analytics, has entered into an agreement to acquire IDVerse, an innovative provider of AI-powered automated document authentication and fraud detection solutions. IDVerse will become an integral part...

Evidently, an AI platform transforming healthcare workflows, has raised $15m in Series A funding in a round led by DN Capital. The company aims to address critical healthcare data challenges by providing AI-driven solutions that synthesise disparate data sources to improve clinical decision-making. The tranche also featured participation from FRAMEWORK, Clear Ventures, Fellows Fund, and existing investors. The $15m investment will help...

Holtara has introduced a pioneering platform, Holtara.io, designed to streamline compliance with the CSRD ahead of the upcoming January deadline. With over 15 years of expertise in sustainability, Holtara offers an integrated solution combining advisory services and technological innovation. The launch of Holtara.io comes at a critical time, as the CSRD transforms how businesses across the EU must report on environmental,...

Arthur J. Gallagher has announced its acquisition of AssuredPartners in a deal valued at $13.45bn. This strategic move is aimed at reinforcing Gallagher's position within the middle-market insurance segment, which caters to businesses with annual revenues between $10m and $1bn, according to InsurTech Insights. This acquisition aligns with Gallagher’s long-term growth strategy, expanding its reach in this key market sector. Arthur J....

Aviva, a leading British multinational insurance provider offering a range of life, general, and health insurance products, has entered into a preliminary agreement to acquire Direct Line for £3.6bn. The move is also set to involve the acquisition of Direct Line’s entire share capital, according to InsurTech Insights. The acquisition values Direct Line shares at 275 pence each, a significant premium...

The PCAF has launched a public consultation to introduce and refine its groundbreaking methods for measuring and reporting GHG emissions linked to financial activities. This initiative, set to continue until 28 February 2025, marks a significant advancement in environmental accountability within the financial sector. Developed by PCAF's industry-led working groups, which include nearly 100 experts from its signatories, the new...

The UN-convened NZAOA has released a compelling paper advocating for mandatory regulatory mandates focused on Scope 3 emissions.