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Lokalbank partners with Tietoevry Banking to power digital transformation
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 experience, and improve operational efficiency through automation and modernised digital workflows.
Tietoevry Banking brings to the table its full-service technology stack, which includes core banking capabilities, online and mobile banking, payment systems, card services, and anti-financial crime solutions. Built on industry-standard architecture, the platform ensures compliance, security, and rapid deployment.
Lokalbank serves approximately 250,000 private and corporate clients across Norway. By adopting Tietoevry’s platform, the collaboration will benefit from reduced complexity and a more cohesive user experience. Employees will be better positioned to focus on advisory services, thanks to the automation of routine processes.
The five-year agreement, with an optional extension of two plus two years, establishes a structured collaboration framework between Lokalbank, Tietoevry Banking, and the Frende Group. The Frende Group, of which Lokalbank and Sparebanken Norge are key members, includes banks that distribute insurance from Frende Forsikring and partner with Brage Finans and Norne Securities. The framework also enables additional banks to join the group under favourable technology terms.
As part of the deal, Tietoevry Banking will oversee the migration of Lokalbank to its modernised core platform using a phased approach. This process will include clearly defined roles and a strong governance structure to ensure a smooth transition and enable the development of next-generation digital banking capabilities.
Frende Group CEO Stine Neteland highlighted the strategic alignment of the group, stating that having all Frende banks unified under one technology provider opens up significant opportunities for future development and seamless user experiences across their shared ecosystem.
Lokalbank CEO Bent R. Eidem said, “The agreement with Tietoevry Banking provides Lokalbank with a unified technology platform that streamlines operations across the collaboration. Digital workflows and user-friendly tools free up employees to focus on advisory services and sales. Combined with a modern digital interface, this enhances the overall customer experience. Altogether, the partnership with Tietoevry Banking strengthens our banks competitive position.”
Tietoevry CEO Endre Rangnes said, “Being chosen by Lokalbank as a strategic partner is a strong vote of confidence. Our end-to-end technology platform, built on industry-standard architecture, enables cost-efficient banking while meeting high demands for quality and security. Through the delivery of a full-service solution, Lokalbank benefits from significantly simplified integration and faster time-to-market.”
Frende Group CEO Stine Neteland added, “This new technology partnership with Tietoevry Banking enables Lokalbank to offer customers a seamless user experience across banking services and product companies within the Frende network. Combined with lower operational complexity and strong digital interfaces, Lokalbank becomes a highly attractive partner in the Norwegian market.”
Tietoevry Banking acting CEO Mario Blazevic said, “Tietoevry Banking will migrate Lokalbank to its modernised core banking platform using a proven framework that emphasizes strong collaboration, clearly defined roles, and effective meeting structures—ensuring a step-by-step, well-managed transition. This partnership also opens up new opportunities for developing next-generation digital banking services.”
Frende Group CEO Stine B. Neteland said, “We have signed an agreement that enables new members to join the Frende Group directly and benefit from a highly competitive technology deal. Our goal is to remain a collaboration that supports independence while accommodating the diverse needs of different banks.”
Neteland concluded, “That’s why it is especially gratifying that all Frende Group banks are now aligned with the same technology provider. This gives us unique opportunities to further develop our banks, product companies, and deliver outstanding user experiences across our shared ecosystem.”
Cork InsurTech Kayna accelerates global growth with embedded insurance model
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 as a hub for FinTech innovation.
Founded in 2021 by Paul Prendergast and Peter Bermingham, Kayna delivers embedded insurance solutions for small businesses in sectors such as construction, hospitality, and legal services. The platform enables SMEs to access tailored coverage directly through the software tools they already use. In the US alone, 40% of SMEs are uninsured, highlighting a significant market gap Kayna aims to address.
Prendergast said. “The opportunity is huge. Embedded insurance is forecast to account for 15pc of the global insurance market, worth $1.5 trillion, within a decade. Kayna’s goal is to lead from the front, and to do so from Cork.”
The company is backed by €1m in funding and has secured a major partnership with global broker Willis Towers Watson to support its expansion. Recruitment will focus on software engineers and business development staff, with all roles based in Cork.
Parametrix unveils $2m embedded insurance product for EDR system failures
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 highlighted the vulnerabilities within Endpoint Detection and Response (EDR) platforms.
As these systems become more central to digital operations, the consequences of their failure have grown more severe, prompting calls for better contingency solutions.
Founded to address the gaps in digital continuity, Parametrix offers parametric insurance products that enable rapid, transparent compensation in the event of technology downtime. By focusing on measurable service interruptions, the firm provides a unique and scalable approach to mitigating digital business risk.
The newly launched embedded coverage product is designed to offer up to $2m in financial protection per client when EDR systems experience failures that halt operations. The programme is exclusively available through selected EDR providers, who will offer it as a value-added warranty for their premium customers. To be eligible, businesses must have at least 100 protected endpoints.
This move is intended to build confidence in EDR platforms by ensuring clients are financially covered should their cybersecurity systems unexpectedly malfunction. By embedding coverage directly within the service package, Parametrix simplifies insurance access while reinforcing trust in digital infrastructure.
The product’s launch further strengthens Parametrix’s leadership in the InsurTech space, especially in the niche of parametric insurance. It reflects the company’s commitment to helping businesses navigate the complexities of digital risk with precision and speed.
WealthTech firm Seeds lands $10m Series A to transform personalised investment experience
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 a more human and client-centric investment journey. By aligning portfolios with investors’ personal values and financial goals, Seeds enables advisors to streamline operations while creating a tailored experience for each client.
The new capital will fuel product innovation, team expansion, and go-to-market efforts, including the rollout of a refreshed brand identity. Seeds plans to enhance its core offering across the full investment lifecycle—allowing advisors to gather client preferences, generate tailored proposals, implement strategies, and communicate insights in a unified system.
To support its growth, Seeds has made strategic hires across product, development, sales, marketing, and customer success.
The latest funding brings Seeds’ total capital raised to over $15m since its launch in 2020.
Portage partner Stephanie Choo said, “Seeds’ vision to confront norms that hold advisors back aligns with our desire to drive meaningful change in wealth management.
“Traditional operational complexity, combined with increasing customer demand for portfolio personalization, is a misalignment that starves advisors’ growth. We’re confident Seeds is uniquely positioned to transform the outdated, transactional, and disconnected investment management experience into one that powers advisory firms of the future.”
Seeds CEO Zach Conway said, “Portage’s vision of the future mirrors our own. This investment demonstrates a mutual commitment to build new tech that actually helps advisors deepen relationships rather than keep them entrenched in legacy tech that forces them to stay behind the scenes. We’re thrilled to join Portage’s vast network of like-minded financial services and technology companies working toward a better future.”
Wagestream secures £300m in debt funding to scale financial wellbeing loans
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 users, and the funding will allow the company to scale it further across its UK membership base.
Wagestream offers financial tools aimed at improving employee wellbeing by helping them manage their pay, budget in real time, and access coaching and savings support. The firm’s Workplace Loans are uniquely structured to align with varying income schedules rather than traditional monthly cycles, with repayments made directly via payroll deductions. The loans are also designed to be transparent, with no hidden fees, and carry interest rates starting as low as 5.9% APR. The average representative APR is expected to range between 13.9% and 16.9%.
With the new facility, Wagestream plans to invest further in its Workplace Loans offering, making it more widely accessible to UK employees. The firm also aims to continue innovating within its platform to ensure users can build long-term financial resilience.
Currently, Wagestream’s services are available to over three million employees through more than 2,000 organisations. The platform processes over 10 million transactions each month and facilitates more than £2.5bn in payments.
Wagestream co-founder Portman Wills said, “In just a short period, we’ve seen significant uptake and positive feedback from our members benefiting from fair, accessible credit. This credit facility will allow us to scale our offering dramatically, reaching more employees, with an alternative to the high interest loans offered by traditional financial institutions.”
Fincite and Harvest unite to create European WealthTech powerhouse
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 Harvest Group umbrella, with a shared vision to consolidate the fragmented WealthTech space and build a pan-European champion.
Fincite and Harvest have each developed robust B2B wealth management platforms designed to support financial institutions in delivering tailored, efficient investment solutions. Their software spans the full investment value chain, including onboarding, KYC/AML, advisory, execution, and reporting. By combining forces, they plan to offer deeper, more integrated solutions that can meet the evolving demands of banks and financial firms across Europe.
Fincite co-founder and co-CEO Ralf Heim said, “Today, banks struggle with fragmented and often outdated software systems. We are talking about legacy solutions that are 25 years old or more. This results in a complex and costly IT landscape with limited interoperability. Clients are looking for fewer but stronger partners who can provide deeper and more advanced WealthTech solutions from a single source. Together with Harvest, we are fulfilling this need on a European scale.”
The partnership is expected to accelerate the group’s growth trajectory, with a goal to double revenues within four years. Key markets for expansion include the DACH region, France, Benelux, Italy, and Northern Europe. This growth strategy will be supported by targeted acquisitions to bolster product capabilities and expand into new regions, aiming to position the combined entity as the go-to solution for wealth management technology.
Virginie Fauvel, CEO of Harvest, said, “We are seeing an ongoing wave of modernization in financial institutions. Banks must offer a seamless digital experience, similar to what has become standard in retail banking. The market demands modular and tailored solutions that integrate effortlessly.
“Together with Fincite, we are unlocking synergies and elevating wealth management to a whole new level. This merger represents a major new step for the creation of a solid European group, resolutely focused on development, innovation and customer satisfaction – and it marks the beginning of something truly significant.”
Both brands will continue to operate independently, retaining their current teams and offices. Ralf Heim will join the Harvest Group board while maintaining his role at Fincite. Alongside co-founders Friedhelm A. Schmitt and Stefan Post, and managing director Paul Kammerer, Heim will help steer the next phase of growth.
Doppel lands $35m funding round to boost AI-powered digital risk platform
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 at $205m, bringing its total funding to $54.4m.
Doppel specialises in tackling digital threats like phishing, deepfakes, and brand impersonation. Its platform, Doppel Vision, identifies and eliminates attacker infrastructure across channels such as domains, email, social media, and apps, combining large language models (LLMs) with expert human analysis to deliver real-time protection.
The company plans to use the funds to scale its platform and meet growing enterprise demand. Since its Series A in January 2024, Doppel has seen 400% growth in enterprise customers, 3X growth in annual recurring revenue, and an 8X increase in expansion revenue.
Bessemer Venture Partners partner Elliott Robinson said, “Doppel is quickly emerging as the market leading social engineering defense company by leveraging its proprietary AI-powered approach that is critical in today’s environment as these new threats become increasingly sophisticated for corporation’s brands, executives and employees.”
Doppel CEO Kevin Tian added, “We’re really excited to partner with Bessemer Venture Partners, a firm that understands what it takes to build a generational, category-defining company. We’ll use these funds to double down on our core products, serve the rapidly growing demand from enterprises across all sectors, and build the first social engineering defense platform.”
FinTech firm Surfin Meta Digital Technologies secures $26.5m to fuel global expansion
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 October 2024.
Surfin Meta Digital Technologies specialises in offering digital financial services to the unbanked and underbanked across emerging markets. Its platform delivers a range of solutions, including consumer lending, credit cards, payments and remittances, wealth management services, and B2B financial offerings.
With the newly raised capital, Surfin plans to accelerate its entry into new markets and invest heavily in research and development. The company aims to create a holistic suite of intelligent financial products designed to serve the needs of underserved populations.
Haitong International Securities Singapore acted as a financial advisor for this round, supporting the company in securing the investment.
Surfin Meta Digital Technologies CEO and founder Dr. Yanan Wu said, “I have always believed that financial inclusion is critical towards helping less privileged people who face difficulties to access even the simplest of financial services in emerging markets.
“We are proud to close our funding round with strong interest from well-known institutional investors that also stand testament to Surfin’s outstanding performance and potential to grow into a truly FinTech company.”
Nomupay raises $40m to expand Asia payments with SBPS partnership
Nomupay has secured $40m in funding alongside entering a strategic partnership with Japan-based SB Payment Service Corp (SBPS).
According to Tech EU, the latest funding round, which values Nomupay at $290m, includes an investment from SBPS. The capital injection marks a milestone in the company’s efforts to accelerate cross-border payment capabilities between Asia and the rest of the world.
Founded in 2021, Nomupay offers a seamless, all-in-one payments platform serving over 1,500 merchants globally. With a team of more than 230 employees, the company facilitates pay-ins, payouts and acquiring via a gateway-agnostic solution integrated through a single API and managed within a single back office environment.
The new funding will enable Nomupay to expand its infrastructure further across Japan and Asia, simplify inter-regional transactions, and add more local payment methods and country-specific services. This will enhance accessibility for European, SEA, Middle Eastern and global merchants seeking to do business in Asia.
SBPS aims to use the partnership to grow its international footprint while enhancing its payment offering through improved scalability and broader payment options. Nomupay’s unified solution aims to address the fragmented regulatory and payment preferences across Asian markets, reducing the operational burden for businesses entering the region.
Nomupay group CEO Peter Burridge said, “We are very excited to announce the SBPS investment in our business and the formalisation of a strategic partnership. Since our inception in 2021, we have been robustly active in the region. The SBPS investment now enables us to double down and support inter-regional commerce by adding additional countries and payment methods to the platform in order to support bi-directional access between Japan, Asia and the rest of the world.”
SB Payment Service Corp. representative director, president and CEO Jun Shimba said, “With Nomupay as a key partner, we will leverage Nomupay’s payment solutions to support our clients entering the Asian market.”
This strategic investment also reinforces Nomupay’s ambition to become the leading payment platform across Asia by simplifying access and reducing operational friction for companies navigating the region’s diverse regulatory landscape.
Saudi FinTech Stitch raises $10m to streamline digital banking infrastructure
Stitch, a Saudi Arabia-based FinTech company, has raised $10m in seed funding to support its mission of transforming how financial and non-financial institutions build banking and payment products.
The round attracted backing from investors including Arbor Ventures, COTU Ventures, Raed Ventures, and SVC. It also saw participation from family offices and industry veterans such as Marqeta founder Jason Gardner and Abdulmalik AlSheikh, a key figure in building Saudi Arabia’s payment networks mada and Sadad.
Founded in 2022, Stitch operates as a unified infrastructure platform enabling institutions to build, launch, and scale financial services quickly and efficiently. Its API-driven solution is tailored to overcome the inefficiencies of legacy financial systems, offering a faster, more streamlined approach for creating modern digital products.
The new capital will be used to grow Stitch’s team and further enhance its platform’s capabilities. With clients already spanning Saudi Arabia, the UAE, and parts of East Africa beginning with Kenya the company is positioning itself as a key infrastructure provider for banks, FinTech firms, and enterprises looking to embed financial services into their offerings.
Stitch CEO Mohamed Oueida said, “At Stitch, our vision is to reinvent how financial and non-financial institutions bring banking and payment products to market.”
“Today, the process of building financial products is broken. Businesses are forced to navigate outdated legacy systems and complex regulatory frameworks, making things slow, expensive, and mostly painful. It doesn’t have to be this way. Stitch exists to change this. Institutions should be able to focus on what matters and have a platform that can mold around their creativity. We are generally looking to make this process a lot more enjoyable for our partners.”
SVC deputy CEO and chief investment officer Nora Alsarhan said, “Our investment in Stitch is driven by our commitment to supporting the growth of innovative Saudi-based startups, enabling them to compete both regionally and globally. We believe Stitch has the potential to play a significant role in developing a more capable and resilient financial ecosystem in the Middle East and around the world.”
Belgian FinTech Auditstage lands €750k to transform financial audits with AI
Belgian start-up Auditstage, an emerging player in the AuditTech sector, is developing an AI-powered collaboration platform to streamline and modernise the external audit process.
The company has raised €750,000 in pre-seed funding from venture capital firm Smartfin.
Founded in 2024 by certified auditor Natalia Khamraeva, Auditstage aims to overhaul the traditional financial audit by creating a digital command centre for external audits. The platform integrates tools, workflows, and communications into one AI-native environment.
Auditstage’s technology focuses on intelligent automation to eliminate manual, repetitive tasks that slow down audit cycles. The AI agents are designed to let auditors and accounting teams concentrate on delivering high-quality financial reporting. Although the platform is still in the pilot phase, several Belgian audit firms are already trialling it ahead of a broader launch scheduled for autumn 2025.
The funding will be used to accelerate the platform’s development, expand the founding team, and prepare for a wider commercial rollout in 2026. The company’s long-term goal is to become the default audit solution globally, replacing outdated legacy systems with a smarter, more connected approach.
Auditstage founder and CEO Natalia Khamraeva said, “Auditors today rely on a patchwork of tools and communication channels to get the job done. Auditstage streamlines that process by integrating everything into one secure, collaborative environment that is AI native and that uses intelligent automation for tasks nobody likes.”
Smartfin founding partner Jürgen Ingels said, “We’re seeing the wave of automation that first transformed accounting now ripple into the audit world, a high-stakes industry with real pain points. With Natalia’s deep audit expertise and bold product vision, we see tremendous potential for disruption in the AuditTech space.”
Personal finance platform Monarch raises $75m to scale financial wellness tools
Monarch, a personal finance platform focused on improving financial health for households, has raised $75m in a Series B funding round.
The round was co-led by FPV Ventures, represented by Wesley Chan, and Forerunner Ventures, led by Eurie Kim. Existing backers Menlo Ventures, Accel, SignalFire, and Clocktower Ventures also took part in the latest raise.
Founded six years ago, Monarch offers consumers a centralised view of their personal finances. The platform allows users to connect to a wide array of financial institutions, track their net worth, manage cash flow and budgets, and plan for long-term financial goals. It also features collaborative tools for couples and financial advisors, alongside a personalised advice function.
The new capital injection will be used to scale the Monarch team and broaden the capabilities of the platform. The company plans to invest heavily in product development as it aims to reach more households and improve access to financial wellness tools across income levels.
MuchBetter and NatWest team up to transform B2B banking with new business account offering
MuchBetter has partnered with UK banking giant NatWest to boost its B2B arm, MuchBetter Business (MBB), marking a major step forward in delivering banking solutions for underserved industries and specialised sectors.
The alliance brings together MuchBetter’s FinTech expertise with NatWest’s robust banking infrastructure. Under the partnership, NatWest will provide fund safeguarding, access to payment schemes, foreign exchange services, and core banking support to MBB’s Corporate Business Account clients. These offerings are targeted at businesses struggling to access traditional banking services.
Through its collaboration with a tier-one institution like NatWest, MuchBetter is reinforcing trust and confidence in its services. NatWest’s strong regulatory standing ensures that client funds are protected, and held in dedicated accounts to guarantee transparency and security.
The MuchBetter Business platform is designed to support international operations, offering operational and segregated accounts across 35 currencies. As a direct SWIFT member, the platform also ensures fast, secure, and fully compliant cross-border payments. By integrating with NatWest, MBB can enhance these features while maintaining a smooth, customer-centric banking experience.
MuchBetter CIO Gary Hill said, “This collaboration with NatWest marks a major milestone for MuchBetter Business as we expand our B2B offering and underscores the credibility of what we’ve built at MuchBetter. We’re proud to offer a robust B2B solution that empowers businesses. Partnering with an esteemed institution like NatWest reinforces their confidence in our offerings and our vision for the future of business banking.”
NatWest head of transaction services and trade Ritu Sehgal added, “NatWest chose to collaborate with MuchBetter due to its compelling business case, supported by an impressive track record of success. MuchBetter’s advanced bank-grade technology and experienced team further reinforce its position as a reliable and innovative partner. Together, we are well-equipped to deliver exceptional financial solutions tailored to the unique needs of our clients.”
FinTech giant Airwallex secures $300m to scale global payments platform
Airwallex, a global financial platform for modern businesses, has raised $300m in a Series F funding round, taking its total funding to over $1.2bn and placing the company’s valuation at $6.2bn.
The latest round features a mix of primary and secondary investment, with $150m in secondary share transfers. Investors include Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures, as well as several leading Australian pension funds.
Founded in Melbourne, Airwallex has established itself as a key player in the FinTech space by offering cross-border financial infrastructure and services. Its core offering enables businesses to move money globally through a network built from the ground up, with direct integrations into local clearing systems and card networks. The firm supports local account creation in over 60 countries and processes transactions in more than 150 markets.
The company plans to use the new capital to continue expanding into markets such as Japan, Korea, the UAE, and Latin America. It also aims to boost its go-to-market operations across Europe, North America, and South East Asia, while further enhancing its financial infrastructure and software.
Airwallex has been experiencing rapid growth, reporting $720m in annualised revenue as of March 2025, a 90% year-on-year increase. The firm expects to hit $1bn in revenue run rate this year and currently supports over 150,000 businesses globally. Its gross profit in the Americas and Europe has grown at a CAGR of over 250% over the past four years.
Airwallex co-founder and CEO Jack Zhang said, “The global financial system wasn’t built for today’s borderless economy. Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global finance, and to empower businesses everywhere to grow without limits.”
Amsterdam-based SMB banking platform Finom lands $105m from General Catalyst
Amsterdam-based Finom, a digital banking platform tailored for small and medium-sized businesses, has reportedly raised $105m in growth funding.
The capital injection, equivalent to €92.7m, comes from General Catalyst’s Customer Value Fund, according to a report from TechCrunch. In a notable move, the round did not involve any equity exchange, making it an unconventional investment structure.
Finom said the funds will be used solely to support growth activities, rather than operational or product development costs.
Founded with a mission to streamline financial services for entrepreneurs, Finom offers an integrated suite that combines banking, accounting, invoicing and financial management in a single mobile-first platform. Headquartered in Amsterdam, the company currently operates in over 10 European countries, including key markets like Germany and France.
Finom intends to deploy the new capital to expand its customer base and geographical footprint across Europe.
The firm currently serves more than 100,000 businesses in Germany, France, Spain, the Netherlands and Italy. Finom reports positive unit economics in all markets and has adopted a subscription-based revenue model, alongside income from transaction fees and interest on credit lines from its new lending arm.
Turris and Loro Insurtech join forces to simplify insurance compliance
Turris, a provider of compliance and payment automation solutions for the insurance sector, has partnered with Loro Insurtech to deliver a unified solution aimed at modernising how insurers and MGAs handle compliance and broker onboarding.
The partnership accelerates broker and agent onboarding, streamlines quoting and binding, and automates compliance checks and filings—boosting efficiency and reducing risk.
Turris automates back-office tasks like license verification and regulatory reporting. Loro offers a digital platform for MGAs, carriers, and agents to manage quote-to-bind workflows.
The joint solution is live for both customer bases, with rollout support available. Key benefits include faster market access and real-time compliance automation.
Together, Turris and Loro aim to let insurance pros focus on growth while back-end operations run automatically.
Loro CEO and co-founder Peter Tilbrook said, “The Loro partnership with Turris showcases two key things modern MGAs and insurers should be aspiring to achieve: speed to market and real-time, painless compliance. By integrating with Turris’s operations automation platform, we’re adding a critical layer of verification that protects our clients while streamlining back-office operations.”
Turris CEO and co-founder Douglas Ver Mulm said, “Our partnership with Loro represents a significant leap forward in partner onboarding and compliance automation. Real-time license verification for every policy sold is eliminating compliance risks and driving down operational costs.”
He added, “The solution is already solving additional challenges for joint clients, including E&S policy stamping by automatically sharing state-specific agent licensing data.”