Tag: Fintech

SiriusPoint Ltd., a global specialty insurer and reinsurer, and Euclid Security Programs LLC, a boutique managing general underwriter (MGU) specialising in security industry risks, have announced a new strategic partnership.

Cargo theft is soaring, with no sign of decline in sight. In 2023 alone, the U.S. faced losses of $130m due to cargo theft, and experts suspect the actual figure to be even higher. Fraudsters are becoming increasingly innovative in their methods, now exploiting the freight bidding process on load boards to secure loads, among other scams.

For medium-to-large businesses, developing new applications can come with a swathe of new challenges. One key issue revolves around creating workflows for dozens of business applications - and the difficulties that can involve for firms without serious coding expertise. When a leading US insurance business faced this issue, Symfa stepped in to build a micro low-code platform to help insurance business users change business logic fast and easily.

GXS Bank, a prominent digital banking entity, has reportedly received a S$229.5m ($169m) capital injection from notable backers Singtel and Grab, according to a report from Tech in Asia. 

AuthZed, a leader in the development of permissions systems, has successfully closed a $12m Series A funding round.

Bling, the Europe-based startup known for its innovative digital solutions for families, has successfully secured $12m in its latest Series A funding round.

Dealflow, a burgeoning FinTech company, has successfully topped up its pre-seed investment round, achieving a new funding milestone of approximately €1.1m.

Hometap, a FinTech leader based in Boston, has proudly announced its first successful securitization, named HTAP 2024-1.

In the wake of escalating living costs, contact centres have become crucial lifelines, particularly for vulnerable customers requiring support across utilities, healthcare, and housing sectors. This enhanced reliance on contact centres underscores their pivotal role in delivering responsible and sensitive services.

One of America's largest mortgage servicers has been facing a significant challenge. The company, which was established in the early 1990s and operates across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, offers a variety of mortgage solutions, including conventional loans, refinancing, and first-time homebuyer programs such as FHA loans.