Flow Specialty, a leading name in specialty insurance wholesale broking, has announced the launch of Platformless AI, an innovative solution set to redefine the wholesale insurance experience. The development of Platformless AI stems from the industry's challenges, where traditional wholesale insurance models often prioritise larger clients or depend on rigid platforms that compromise efficiency and personalised service, according to InsurTech...

Zurich UK, a leading player in the insurance industry, has appointed Drazen Jaksic as its new chief executive officer, subject to regulatory approval. Jaksic, who previously served as CEO of Zurich Benelux, is set to bring extensive expertise to his new position, according to InsurTech Insights. He joined Zurich Insurance Group in 2019 and has held senior positions, including global head...

Sweden's Klarna Bank has been hit with a hefty fine of $46m for breaches in anti-money laundering regulations.

The Basel Committee on Banking Supervision has released definitive guidelines for managing counterparty credit risk (CCR).

Finny, a New York City-based FinTech startup, has successfully closed a $4.3m seed funding round.

Coterie Insurance, a tech-enabled MGA simplifying small business insurance, has introduced workplace violence insurance coverage. This new offering, developed in partnership with Berkley Re Turnkey Solutions, aims to empower agents and brokers to support their small business clients in addressing workplace violence risks effectively. The company has launched this product in response to the increasing prevalence of workplace violence. As noted by...

Silent Push, a Reston, VA-based company, has recently completed a $10m Series A funding round. According to City Biz, the cybersecurity intelligence firm is known for its innovative approach to preemptive threat detection. This significant investment was led by Ten Eleven Ventures and Stepstone Group. Together with an early seed round, Silent Push's total funding has now reached $22m. The core...

Klarna, the AI-powered global payments network and shopping assistant, has expanded its footprint to Canada. The new product was launched to provide Canadian consumers with fair and flexible payment options when using Apple Pay for online and in-app purchases, according to FF News. Following successful rollouts in the US and UK, Klarna aims to replicate its positive reception in Canada, enhancing...

ABN AMRO, a Netherlands-based financial institution known for its innovative banking solutions, has launched a new pilot feature called Achteraf Betalen (‘Pay Later’) for business clients. The new ‘Pay Later’ feature aims to address key concerns in the B2B e-commerce space, particularly those related to trust and payment flexibility. Research from the 2022 Market Monitor highlights that 90% of companies place...

Jersey has long stood as a pinnacle of financial services excellence, renowned globally for its robust trust and company administration services. According to Corlytics, catering to high-net-worth individuals and multinational corporations, the region provides an optimal environment for structuring wealth and corporate operations with efficiency. Boasting a flourishing fund management industry, Jersey oversees more than £450m in fund assets, excelling in...