TechCrunch

MARCH 13, 2023

The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. The financial institution provided banking services to real estate companies, law firms but also cryptocurrency companies — around 30% the bank’s deposits came from the crypto industry. banking system.

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TechCrunch

MARCH 1, 2023

Montreal-based Equisoft , an insurance and investment software developer, today announced that it raised $125 million in venture equity. “We made 1,000 copies of it and packaged it in fancy boxes to send to financial advisors. based financial services firm with a transaction platform for pension administrators and asset managers.

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TechCrunch

MARCH 4, 2021

Insurance agents spend hours handling paperwork and grabbing client information over the phone. A new seed-stage startup, InsurGrid , has developed a software solution to help ease the process, and make it easier for agents to serve existing clients — and secure new ones. Image Credits: InsurGrid. Image Credits: InsurGrid.

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TechCrunch

OCTOBER 13, 2021

There is an imbalance between demand and supply of general insurance due to the tedious workflow and processes that insurance intermediaries and insurance companies face. . trillion general insurance industry. . Asia’s general insurance market is about $564 billion, and Singapore has approximately $2.9

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TechCrunch

MARCH 15, 2022

The new funds will be used to fuel wagely’s expansion in Bangladesh, where it recently launched, and build other features to become a “holistic financial wellness platform,” including savings, insurance, long-term installment loans and financial education. Many of these corporates fit into the target profile of wagely customers.

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TechCrunch

NOVEMBER 11, 2021

Insurance lags behind other financial services in the adoption of digital technologies. Granted, a few unicorns have popped up from the modern digital insurance space such as Tractable and Lemonade; however , this sector hasn’t raced to the stage as quickly as say, payments or lending.

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TechCrunch

SEPTEMBER 10, 2021

Vouch , a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding. While there are many insurance technology companies out there that serve consumers, there are far fewer that offer it to companies, much less startups. Insurtech is hot on both sides of the Atlantic.

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CIO

DECEMBER 18, 2023

IBM is bolstering its portfolio in artificial intelligence and hybrid cloud services, announcing a move to acquire Software AG’s enterprise integration platforms. An integration platform as a service (iPaaS) is a cloud-based system used to create new applications or to orchestrate data flows. The tech giant will shell out € 2.13

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CIO

JUNE 22, 2023

Every business unit has a stake in the IT services, apps, networks, hardware, and software needed to meet business goals and objectives, and many of them are hiring their own technologists. Finance The demand for tech workers in the finance industry has only continued to grow as financial services have moved online.

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TechCrunch

DECEMBER 8, 2021

The Kenyan fintech Kwara was launched in 2019 to help credit unions (savings and credit cooperatives societies, SACCOs) in the East African country shift to digital platforms by providing them with its proprietary Back-end-as-a-service (BaaS) software. Kwara is building a neobank for credit unions.

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TechCrunch

JUNE 8, 2021

Other investors included the Asian Development Bank (ADB) Ventures, PT Triputra Investindo Arya, Global Founders Capital, Trihill Capital, 1982 Ventures and Willy Swandi Dharma, former president director of insurance company PT Asuransi Adira Dinamika. More companies around the world are allowing workers to pick when they get paid.

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TechCrunch

APRIL 26, 2021

Signal Advisors is building a specialized financial platform for financial advisors, and the company is announcing it raised a $10 million Series A led by Brian Ru and Hemant Taneja at General Catalyst. ” Signal was founded following CEO Patrick Kelly’s career as a financial advisor.

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TechCrunch

JUNE 7, 2022

Salary Hero wants to provide lower-income Thai workers with more financial flexibility. Rakhra said that while working at Bain, he and Nohr focused on financial services engagements. As a result, Rakhra added, lower-income customers end up paying more than wealthier individuals for the same basic financial services. “It

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CIO

FEBRUARY 16, 2024

In banking and financial services applications, for example, GenAI solutions are being developed to analyze customer data, market data, economic trends, and more to help support highly personalized insights and guidance. This can be particularly challenging in heavily regulated industries such as healthcare, insurance, and finance.

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CIO

JANUARY 18, 2023

IBM is also alleged to have reallocated revenue from its non-strategic Global Business Services (GBS) segment to the company’s Watson-branded AI products — a strategic imperative included in the CAMSS product portfolio — in an attempt to convince investors that the company was successfully expanding beyond its legacy business.

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Capgemini

APRIL 11, 2024

By combining forces, we’ve repeatedly shown the promise of a joint approach in unleashing possibilities and powering business transformation, as we help companies modernize their data and operations in sectors ranging from financial services, to retail, to the public sector. I’m so proud of our partnership and its evolution.

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TechCrunch

AUGUST 4, 2022

Kannry led the cyber insurance team for several years at Aon, while Dave came from Carnegie Mellon and spent the bulk of his career architecting cybersecurity frameworks, including a model — C2M2 (Cybersecurity Capability Maturity Model) — adopted by the U.S. . Image Credits: Axio. ”

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Perficient

DECEMBER 18, 2023

This blog post delves into the pivotal role these practices play in ensuring the stability and success of financial institutions and banks. By adopting a proactive stance and leveraging technological advancements, financial entities can navigate the regulatory landscape with greater resilience and efficacy.

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TechCrunch

NOVEMBER 23, 2020

Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 When their merchants asked if they could build a service to accept payments online, the founders quickly realized that Cashfree could serve a wider purpose.

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TechCrunch

NOVEMBER 16, 2021

As funding pours into mental health tech, one thing remains relatively unchanged: complex insurance billing. It’s a software platform looking to smooth out the process of filing mental health insurance claims. So far, the company works with major insurance providers like Cigna, Aetna, United and Anthem. . How much is it?

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TechCrunch

MARCH 10, 2023

Sometimes, leaving stealth isn’t your own choice: It’s a force function of two of your largest competitors evaporating from the business, and the third triggering clients so much that there’s a talk of a bank run. While some are cautious, others are aggressive. At the time, it had 60,000 businesses on its platform.

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TechCrunch

FEBRUARY 24, 2021

In Africa, a handful of startups have launched in the past three years to provide such services. Founded by Kiaan Pillay , Natalie Cuthbert , and Priyen Pillay , Stitch wants to provide full API access to financial accounts across Africa starting from its first market, South Africa.

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TechCrunch

JUNE 30, 2022

When Yoeal Haile started Aspira, a lending service, in 2017, he wanted to give Kenyans more choice about buying stuff on credit. That said, there are still many lending services that SMBs can access in the market. It also has to upsell clients on some third-party financial products like insurance. .

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TechCrunch

OCTOBER 11, 2021

The latest round was led by Hana Financial Investment, along with Nice Investment. Founded in November 2015 by Kim, Fount launched its first beta robo-advisor service in February 2016. The company is in talks with additional financial companies for having partnerships. The Series C brings its total funding to about $58.5

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TechCrunch

AUGUST 13, 2023

Amid the layoffs, M&A and regulatory struggles within banking-as-a-service, I spoke to a number of experts to help make some sense of what’s going on in this sector and if BaaS is an outlier to the fintech mess. Series A led by Insight Partners to combat financial crimes Educbank raises $14.2M Mary Ann digs in further here.

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TechCrunch

JUNE 9, 2021

The Jakarta-based startup claims this is the largest Series A round ever raised by a startup focused on services for MSMEs. It plans to add more MSME-focused financial services, including lending, savings and insurance, to its platform.

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TechCrunch

FEBRUARY 1, 2023

Its solution claims to allow a company to design more bespoke employee compensation such as health insurance, meal allowance, fringe benefits and discounts by aggregating multiple providers. It’s now pulled in a €15 million Series A led by Paris-based CVC SCOR Ventures. Coverflex empowers companies and staff to deliver this ambition.”

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TechCrunch

OCTOBER 19, 2022

The company’s product helps generate the AI data in a secure way that allows clients to upload real user data and securely transmit and convert it without a copy of the data landing on BetterData’s servers. They are planning to launch a public beta of their cloud services solution by the end of this year.

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CIO

APRIL 12, 2022

Everest Group’s annual ranking of the top IT service providers saw some movement this year compared to last, but one thing that remained unchanged was Accenture’s place at the top of the list. billion firm was recognized as the overall leading service provider of the year. Top 10 IT service providers of the year.

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Praxent

AUGUST 29, 2023

ISI partners with Praxent to help insurers boost efficiency, retention, and customer acquisition Praxent , a financial services digital experience consultancy and development firm with more than two decades of experience, today announced that it has partnered with Insurance Systems Inc.

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TechCrunch

MAY 19, 2022

When Pedro Conrade started Brazilian digital bank Neon in 2016, he was a 23-year-old business school student who was frustrated with the service and costs associated with traditional banking in his country. “I It was super expensive, and the service was terrible. I had a catastrophic relationship with incumbent banks.”. publication. “We

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N2Growth Blog

OCTOBER 24, 2023

Finding the right leaders in an industry that demands excellence, strategic vision, and a deep understanding of financial markets can drive success and stay ahead of the competition. Firstly, they demonstrate exceptional analytical skills, allowing them to interpret and make informed decisions based on financial data.

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TechCrunch

DECEMBER 7, 2021

Financial crime investigators typically work on 100 to 200 cases a week, Robinson said. Hummingbird’s clients today include payments firms like Stripe, crypto exchanges like Coinbase, and banking-as-a-service provider Evolve Bank & Trust, per Robinson, though the company declined to share the total number of clients it serves.

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TechCrunch

JUNE 7, 2021

Exactly 10 years ago, long before Paytm established itself as the largest mobile wallet firm and expanded to several financial and commerce services, the startup had filed with the regulator with intentions to become public. million for the financial year that ended in March this year, down from $404 million a year ago.

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Perficient

SEPTEMBER 19, 2023

The world’s largest gathering of insurance innovation, InsureTech Connect (ITC) , is right around the corner. Following last year’s conference, Perficient Insurance Principal Brian Bell shared three key takeaways from the 2022 event: First, data and analytics investments still topped many insurers’ list of operational priorities.

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TechCrunch

MAY 5, 2021

These two milestones, the company argues, is evidence of the growing use of crypto as an everyday financial tool in the region. The company also says it’s the only player in the region to offer crypto-insurance for its client’s funds. It took Bitso six years to get its first million clients. and around the world.

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TechCrunch

APRIL 19, 2022

While most of Everstage’s customer base is in the United States, it also now has clients in Europe, the Asia Pacific and Africa. It is used by companies in verticals including tech, business services, financial services, insurance, health tech and logistics.

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