Tagged: digital transformation

July 27, 2023 @ 4:28 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 January 2024.” The process… Read More

July 26, 2023 @ 8:46 pm By Omar Faridi  |  

Embroker, the digital platform making it radically simple to get business insurance, today announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs). With these, Embroker increases customer security through Dashlane’s… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 26, 2023 @ 10:53 am By Omar Faridi  |  

Sygnum and SATO Technologies are renewing this innovative green financing solution to grow the global ecosystem of carbon-neutral crypto miners. Sygnum provides cash loans “to green crypto miners who pledge a pre-defined portion of their computational mining power, then sells the mined coins to repay… Read More

July 23, 2023 @ 10:41 pm By Omar Faridi  |  

Following 2 successful pilots, the UK Financial Conduct Authority’s (FCA) Digital Sandbox will be “made available permanently on 1 August 2023, opening up the platform to an even broader range of innovative businesses, start-ups and data providers.” The Digital Sandbox is a testing environment that… Read More

July 23, 2023 @ 2:26 pm By Omar Faridi  |  

Cognaize, the intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology, announced that it has closed $18 million in Series A funding in order “to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the… Read More

July 22, 2023 @ 5:50 pm By Omar Faridi  |  

Snapsheet, which claims to be an industry leader specializing in claims management technology, today announced a strategic investment from State Farm Ventures. Through its innovative platform, Snapsheet streamlines and “expedites the claims process, providing insurers and policyholders with a seamless, user-friendly experience.” Snapsheet offers “a… Read More

July 22, 2023 @ 4:42 pm By Omar Faridi  |  

Backbase, a provider of Engagement Banking, has announced that Orient Commercial Joint Stock Bank (OCB) has chosen Backbase to power its omnichannel banking modernization in a signing ceremony on 20 July 2023. OCB’s goal is to create a personalized digital banking system “for each customer… Read More

July 19, 2023 @ 9:31 am By Omar Faridi  |  

Bowmark Capital, the mid-market private equity firm, has invested significantly in Lendscape, a technology provider to the global secured commercial finance market. The company’s software and technology “underpin the secured lending offerings of over 120 banks and financial institutions worldwide.” Its platform supports the management… Read More

July 18, 2023 @ 11:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization. In 2022, Canadian Tire Bank chose the Temenos… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

The Norwegian Public Service Pension Fund (SPK) has announced a contract agreement with Mambu, a cloud banking platform, and Knowit, a Nordics-based digital consultancy. The partnership is set “to modernize SPK’s housing loan solution, allowing the institution to build a flexible, user-friendly, and complete component-based… Read More

July 17, 2023 @ 10:39 pm By Omar Faridi  |  

Ubank – NAB’s digital only bank – has reached a major milestone, celebrating its first birthday since launching its new brand in market and the completion of its migration onto new technology to improve customer experience. Ubank CEO Philippa Watson said since NAB announced the intention… Read More

July 14, 2023 @ 3:28 pm By Omar Faridi  |  

MerQube, a “pioneer” in technology for next generation index-linked investing, announces USD 22 million raised in Series B funding. The investment round was “led by Intel Capital with participation from new investor Allianz Life Ventures, and existing investors Citi, J.P. Morgan, Laurion Capital Management and… Read More

July 13, 2023 @ 3:11 pm By Omar Faridi  |  

CaixaBank Tech, the CaixaBank Group technological subsidiary, will expand its professional team with the incorporation of 200 external professionals, mostly young people with technology and scientific degrees. The selection process is already underway, “with a view to the new recruits being in place by the… Read More

July 12, 2023 @ 12:10 pm By Omar Faridi  |  

Checkout.com, the global payments solution provider, launches Identity Verification, its first product focused on improving the customer onboarding and identity verification process and expanding Checkout.com’s impact on customers’ digital experience. Identity Verification “utilizes proprietary artificial intelligence and is trained on billions of identity and facial… Read More

July 12, 2023 @ 7:29 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced it has achieved certification against the UK government’s Digital Identity and Attributes Trust Framework (UKDIATF), a government initiative aimed at “establishing a secure and trustworthy digital identity ecosystem in the region as a part of its digital… Read More

July 11, 2023 @ 3:59 pm By Omar Faridi  |  

NayaOne has added Bitpanda to its marketplace. Bitpanda, a successful platform providing crypto and brokerage services, will offer a wallet for storing digital assets, a trading platform with charting tools, and a “professional-grade API for developers.” Bitpanda Savings and Bitpanda Staking will also be part… Read More

July 10, 2023 @ 10:43 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that BanCoppel, part of Grupo Coppel, one of the largest organizations in Mexico, which includes brands such as Afore Coppel and Tiendas Coppel, has selected Temenos in order “to continue its technological transformation, driving modern banking services.” BanCoppel was reportedly the… Read More

July 10, 2023 @ 8:33 am By Omar Faridi  |  

Digital wallets are a rapidly growing technology, seeing particular growth in popularity in the years since the COVID-19 pandemic, according to an update from Juniper Research. As noted in a report from Juniper Research, they are also “important in the fields of financial inclusion, and… Read More

July 10, 2023 @ 6:05 am By Omar Faridi  |  

While Decentralized Physical Infrastructure Network (DePIN) development is still nascent, there has “been considerable progress over the past five years with startups seeking to disrupt traditional, multibillion-dollar infrastructure industries such as server (cloud), wireless telecom, sensor networks, and energy and transportation,” according to an update… Read More