Bilt Rewards , the largest loyalty program in the U.S. for home and neighborhood, has successfully secured an additional $150m in funding.

BNP Paribas is in exclusive negotiations to acquire 100% of AXA Investment Managers, AXA's asset management arm, for €5.1bn. This strategic move is set to significantly enhance BNP Paribas' asset management capabilities and position it among the top asset managers in Europe, according to Reuters. The proposed acquisition will see BNP Paribas gaining control over AXA Investment Managers, which currently oversees...

PortfolioPilot.com, a groundbreaking AI-driven financial advisory platform, has successfully closed a $2m seed funding round. This capital boost was supported by Morado Ventures, NEA Angel Fund, Unpopular Ventures, and several esteemed Silicon Valley angel investors. The platform is pioneering a new era in financial advising, termed as the "next generation financial advisor." PortfolioPilot.com empowers individuals to manage their finances with confidence,...

Orion180, a leading insurance innovator, is extending its homeowner's insurance services into Ohio, as it looks to enhance its geographic footprint and offer specialised coverage across the United States.

In an era where efficient processing and standardization are more crucial than ever, TAINA took a significant step forward by hosting the Global Industry Forums on Withholding Statements in 2019 and 2020.

ISS ESG, a leader in sustainable investment solution, has launched a pioneering new product, the Industry Average Emission Intensity Data Set. According to ESG Today, this addition is part of the evolving Climate Solutions suite, designed to support banks and insurance companies in adhering to rigorous new climate reporting standards, such as the EU’s Corporate Sustainability Reporting Directive (CSRD)...

Aviva, a pioneering FinTech company from Mexico, has successfully secured a substantial $5.5m in seed funding. According to Finextra Research, the investment saw participation from an impressive consortium of investors including Krealo, Ignia Partners, Carao Ventures, Rainforest Capital, DCG, Wollef, Newtopia, 500 Global, and Magna VC. Founded just last year, Aviva has innovatively merged physical and digital banking solutions to serve...

Indian InsurTech firm Covrzy has received a direct broking (general) license from the Insurance Regulatory and Development Authority of India (IRDAI).  As reported by CIO News, this regulatory approval allows Covrzy to offer a variety of business insurance products directly in the Indian market.  The Bengaluru-based firm aims to address the low insurance penetration in India's business sector by providing accessible...

The EU has initiated the world's first comprehensive legislation aimed at artificial intelligence, known as the European AI Act.  The regulation, designed to create a trustworthy and secure environment for AI development and usage across the EU, underscores the EU’s commitment to protecting fundamental rights while fostering technological advancement and innovation. The AI Act introduces a classification system for AI technologies...

Skyward Specialty Insurance, a leader in the specialty property and casualty (P&C) market, has announced key additions to its team to expand its Healthcare Solutions portfolio and broaden its Transactional Property E&S underwriting units. Julie Miglin has been appointed as vice president, leading the expansion of the Healthcare Solutions unit, while Steven Smith joins to lead the Transactional E&S Property...