Monark Markets has recently secured $2.2 million in seed funding to bolster private market access through traditional brokerage and wealth platforms. Led by Garuda Ventures and supported by K50 Ventures, Grit Capital Partners, Niche Capital, and influential angel investors such as Sydecar CEO Nik
In a strategic move reflecting its commitment to innovation and global growth, OneDegree Group, a firm specializing in cybersecurity and insurance technology, has rebranded to AIFT. Originally launched in 2016 as AI Financial Technology, the company initially branded its insurance division as
Financeit Canada has announced a significant enhancement of its Securitization Warehouse facility by partnering with Goldman Sachs. This strategic collaboration increases the facility’s capacity by C$200 million, raising the total to C$700 million. The boost is instrumental in elevating Financeit’s
The financial landscape is increasingly recognizing the importance of sustainability in investments. The Financial Conduct Authority (FCA) in the UK has introduced new labels aimed at enhancing transparency and trust in sustainability claims. These labels—Sustainability Focus, Sustainability
Financial compliance ensures that firms adhere to regulatory requirements, preventing penalties and ensuring smooth operations. This duty is both crucial and arduous given the extensive, ever-evolving regulations. Enter Artificial Intelligence (AI), which promises to transform compliance by
The insurance industry is undergoing a revolutionary transformation driven primarily by advancements in artificial intelligence (AI). Historically, insurance underwriting relied on a limited dataset and was a cumbersome process, often filled with inefficiencies and inaccuracies. Today, however, AI
In a groundbreaking move set to significantly reshape the landscape of the life insurance industry, INSTANDA, a global SaaS platform provider for life insurance distribution and policy administration, has partnered with UnderwriteMe, a leading SaaS provider specializing in underwriting automation.
Cyber insurance claims have seen a significant surge in recent years, predominantly driven by increasing incidents of data breaches and ransomware attacks. These developments have spurred a dramatic rise in the frequency and severity of claims, particularly in certain regions like the United
The auto insurance industry is experiencing a transformative shift driven by rapid advancements in artificial intelligence (AI). From underwriting and claims management to customer service and compliance, AI is reshaping the sector, enhancing precision, efficiency, and customer-centricity. The
The first half of 2024 saw an unprecedented decline in insurtech funding in Latin America. The region, known for its vibrant startup ecosystem and innovative spirit, experienced a sharp drop in venture capital investments. This article delves into the reasons behind this historic low, exploring the
