US-based InsurTech managing general agent, Ledgebrook, has secured $17m in a Series B funding round. The round was led by Duquesne Family Office, with participation from The Stephens Group, and continued support from long-time partners Brand Foundry Ventures and American Family Ventures, according to Life Insurance International. Founded in 2022, Ledgebrook focuses on providing technology-driven solutions for the insurance industry, particularly...

Since its inception in May 2018, the GDPR has set a global benchmark for data protection laws, ensuring organizations respect the privacy of EU residents.

Rising delinquencies across all consumer lending lines have become a significant concern, as highlighted by the Q2 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion. This uptick in defaults, alongside intensifying competition, shrinking profit margins, and increasing financial pressures, is pushing lenders to reassess their pricing and credit risk strategies.  In response, many lenders are shifting their focus. Some...

Invoice fraud is a significant issue in the UK, with one in three businesses falling victim to paying for products and services that never existed. According to Resistant AI, this form of fraud involves the tampering of invoices through basic PDF edits, which can include falsifying, forging, or creating entirely fake invoices to illicitly gain funds. It presents a...

California retained top spot as US InsurTech deals and investments plummeted in H1 Key US InsurTech investment stats in H1 2024: US InsurTech deal activity plummeted by 60% in H1 YoY California retained its top spot for InsurTech deal activity in H1 2024 with 28% of all deals in the country Healthee secured the biggest InsurTech deal in the US...

In today’s dynamic retail environment, acquiring new customers is more challenging and essential than ever. Simply increasing spending isn’t enough—success depends on balancing customer growth with effective cost management. Zurich-based technology firm dacadoo delves into seven strategies that can help retailers achieve this balance while keeping Customer Acquisition Costs (CAC) in check. 1. Digital Marketing A robust digital marketing strategy is...

Cashflows, a UK-based payments platform that enables merchants to easily accept payments, has announced a new partnership which will offer its merchants the innovative Mastercard Click to Pay service. The partnership is driven by the need to simplify the online payment process for consumers. As online purchases grow by 10% annually, Cashflows is integrating Mastercard’s Click to Pay feature into its payment...

Backbase, a global leader in engagement banking software, has announced a major expansion of its Engagement Banking Platform with the launch of the Intelligence Fabric. The Intelligence Fabric marks a strategic move by Backbase to help banks harness the full potential of data and AI, according to FF News. As AI continues to reshape the financial services landscape, banks face increasing...

Woodforest Acceptance Solutions, a renowned provider in payment processing solutions, has entered into a strategic partnership with FreedomPay, a globally recognised commerce platform.

Quarters, a pioneering home savings rewards program, has partnered with Nova Credit, a leader in credit infrastructure and analytics.