NEC Specialty Inc. a leading managing general agency (MGA) serving brokers across the East Coast, has officially gone live on the Expert Insured Policy Management platform an advanced, AI-driven system built specifically for MGAs and wholesale distributors. This strategic move underscores NECS’s commitment to innovation and operational excellence. NECS operates as an independent MGA, distinct
UK-based InsurTech firm Optalitix has launched Model Monitoring, a new feature for its flagship Optalitix Models platform, offering real-time tracking and analysis of insurance pricing models. The tool allows insurers to monitor model usage, detect anomalies, and optimise performance, resulting in faster quote generation and more accurate pricing. Model Monitoring supports all major modelling formats, including Excel, Python,
Tietoevry Banking has officially joined NCE Finance Innovation, a key Norwegian FinTech cluster, in a move designed to drive innovation, collaboration and digital transformation across the financial sector. The partnership aims to enhance knowledge-sharing among industry players. Finance Innovation is a nationally recognised cluster supported by Innovation Norway and focuses on uniting finance and technology
Tietoevry Banking has entered into a long-term partnership with Lokalbank, a network of 16 independent Norwegian banks, to deliver a tailored banking platform for the Norwegian market. The partnership aims to support Lokalbank’s mission of fostering local community growth through the adoption of a future-ready digital platform. The solution is designed to streamline operations, enhance customer
Kayna, a Cork-based InsurTech, has announced plans to create 13 new jobs as it expands into the US and UK insurance markets. The news was shared during a visit from Robert Troy, Minister of State for Financial Services, who met with Kayna CEO Paul Prendergast to discuss the company’s international growth strategy and Ireland’s role
Parametrix, a pioneer in digital business interruption insurance, has launched a new embedded coverage programme aimed at safeguarding businesses from disruptions triggered by endpoint security failures. The introduction of this new insurance product comes in the wake of rising demand for improved risk mitigation following high-profile outages. Notably, the global CrowdStrike incident in July 2024
Seeds, a US-based WealthTech company focused on modernising investment experiences for financial advisors, has raised $10m in a Series A funding round. The round was led by global FinTech investor Portage, with additional backing from existing investors Social Leverage and Blank Ventures. Seeds offers an end-to-end platform designed to help registered investment advisors (RIAs) deliver
Wagestream, a UK-based FinTech firm specialising in financial wellbeing solutions for employees, has secured a £300m debt financing facility from global banking giant Citi. The financing will support the expansion of Wagestream’s Workplace Loans product, which was launched in late 2024 through an early access programme. The product has already been adopted by thousands of
Two of Europe’s most prominent WealthTech firms, Fincite of Germany and Harvest of France, have announced a strategic merger to create a new European leader in wealth management software. The union is supported by private equity investors TA Associates and Montagu and aims to drive growth through acquisitions and an expanded geographic footprint. Both firms will operate under the
AI-powered cybersecurity company Doppel has raised $35m in a Series B funding round to strengthen its social engineering defence platform for enterprises. The round was led by Bessemer Venture Partners, with participation from 9Yards Capital, Sozo Ventures, and existing investors including a16z, South Park Commons, Strategic Cyber Ventures, Script Capital, and Sabrina Hahn. Doppel’s valuation now stands
Surfin Meta Digital Technologies, a Singapore-based financial technology solutions provider for underserved communities, has announced the successful completion of its latest funding round. The company raised $26.5m, with participation from Woori Venture Partners, Washington University in St. Louis, and Phillip Private Equity. This round builds on an earlier investment led by Insignia Ventures Partners in
LendPro, a leading provider of cloud-based consumer financing solutions, and SPLICE Software, an award-winning customer engagement platform, are pleased to announce a strategic partnership aimed at transforming the retail financing experience. This collaboration integrates LendPro’s multi-lender application waterfall system with SPLICE’s Data-Driven Dialogs®, enabling retailers to deliver personalized, timely, and compliant customer communications across multiple
