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Colombian FinTech Addi secures $100m credit facility from Victory Park Capital - FinTech Global
Colombian FinTech company Addi, a leader in payment solutions for consumers and merchants, has secured a $100m credit facility from Victory Park Capital (VPC), a global alternative investment firm specialising in private credit.
Remote partners with Kota to simplify global health insurance management for businesses - FinTech Global
Remote, a leading global HR platform and payroll provider, has teamed up with InsurTech firm Kota to enable companies to seamlessly manage their employee health benefits across multiple countries.
ChapsVision secures $90m funding round and acquires Sinequa to boost AI capabilities - FinTech Global
ChapsVision, a specialist in AI-enhanced data processing, has bolstered its technological portfolio with the acquisition of Sinequa, a global leader in AI-powered enterprise search and Retrieval-Augmented Generation (RAG).
Kayna, WTW and Vibrant partner to enhance vendor cybersecurity and insurance solutions - FinTech Global
Kayna, an award-winning embedded insurance infrastructure platform; WTW, a global advisory, broking, and solutions leader; and Vibrant, a cybersecurity oversight platform, have joined forces to streamline vendor risk management.
DigitalOwl and ExamOne join forces to revolutionise life insurance underwriting - FinTech Global
DigitalOwl, a provider of advanced AI solutions tailored for the life insurance and legal sectors, has announced a new partnership with ExamOne which aims to enhance client services across the United States.
Wiz secures strategic funding from SoftBank Vision Fund 2 to boost cloud security in APAC - FinTech Global
Cloud security company Wiz, recognised as a leader in cloud-native application protection, has announced a strategic investment from SoftBank Vision Fund 2. The funding aims to support Wiz's expansion efforts in the Asia-Pacific and Japan (APJ) region.
Revolut surpasses 50 million global customers, aims for 100m milestone - FinTech Global
Revolut, the UK-based FinTech giant and licensed European bank, has announced a major milestone, reaching 50m customers globally. Of these, 10m are based in the UK, solidifying the company’s position as a leader in digital banking.
Novidea expands in the London Market with new headquarters to drive growth - FinTech Global
Novidea, a leading InsurTech firm known for its cloud-based, data-driven insurance enterprise management platform, has bolstered its presence in the London Market by relocating to a larger office space in the heart of the City of London.
ISO launches ESG Implementation Principles to simplify global sustainability practices - FinTech Global
The International Organisation for Standardisation (ISO), a global leader in standard-setting, has introduced its ESG Implementation Principles to address the growing complexities of Environmental, Social, and Governance (ESG) practices.
How Symfa helped a Fortune 500 insurer modernise its cloud infrastructure - part one - FinTech Global
Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.
ZestyAI and Standard Casualty join forces to innovate property insurance for mobile homes - FinTech Global
ZestyAI has partnered with Standard Casualty Company to enhance risk assessment and policyholder collaboration for manufactured home insurance using advanced AI-driven property and climate risk analytics.
FinCEN issues alert on deepfake fraud schemes targeting financial institutions - FinTech Global
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
Sift enhances fraud insights with new metrics in industry benchmark tool - FinTech Global
Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.