EXL, a leading data analytics and digital operations solutions company, has unveiled the EXL Insurance LLM, a new large language model (LLM) designed to transform critical tasks in the insurance sector, such as claims and underwriting.

TotallyMoney, a UK-based FinTech company, has announced the launch of its new current account comparison service aimed at helping its 5m customers discover the best bank for their personal financial needs.

Facit Bank is set to implement open banking solutions into its invoicing and payment systems through a new partnership with Neonomics. 

Insuritas, a prominent embedded insurance provider for financial institutions, has partnered with Recoop Disaster Insurance, a company that offers multi-peril disaster insurance coverage.

Key US InsurTech investment stats in H1 2024: US InsurTech deal activity for the first half of the year dropped by 43% YoY The top 10 deals saw five states make the list as Wisconsin and Ohio secured one top deal each Honeycomb secured the biggest InsurTech deal in the US during H1 2024 with a Series B funding...

Heimdal and emt Distribution have linked to combine Heimdal's cybersecurity solutions with emt Distribution’s deep market expertise.

Key global FinTech investment stats in Q2 2024: Global FinTech deal activity reduced by two-thirds in Q2 2024 YoY Average deal size increased to $20m compared to the previous quarter as investors focused on larger transactions Wiz secured one of the largest FinTech deals globally for Q2 with a $1bn Series E funding round In Q2 2024, the global FinTech...

Key Australian FinTech investment stats in Q2 2024: Australian FinTech funding in the second quarter increased by 4x compared to the opening quarter of the year However, average deal size dropped from $42.7m in Q2 2023 to $29.7m in the second quarter of this year as investors grew cautious Sydney based Betashares, secured the largest deal in Australia for...

Ushur, a leader in AI-powered Customer Experience Automation (CXA), has announced the launch of its new end-to-end solution designed specifically for insurance carriers offering group and worksite benefits.

European CyberTech investment stats in H1 2024: European CyberTech funding increased by 28% YoY UK emerged as the most active country for CyberTech deals as investors shifted their focus PortSwigger secured the biggest CyberTech deal in Europe with a $112m funding round In H1 2024, the European CyberTech industry experienced a notable decline in deal activity, even as total funding...