Forter, a global provider of digital commerce trust solutions, has launched major enhancements to its Payment Optimisation suite, including a beta release of Predictive Payment Routing and a new GenAI agent detection tool, as part of its spring product release. These developments come in response to rapid changes in the digital commerce landscape, where evolving
Aviva, one of the UK’s leading insurance and financial services firms, has partnered with FinTech Wales to foster innovation, support collaboration, and strengthen the FinTech and InsurTech sectors across the nation. Aviva joins an impressive roster of partner members including Barclays, The Royal Mint, Go.Compare, Confused.com, Admiral, Starling, Hodge, Principality and Monmouthshire Building Societies, Veeqo and Future
Foliume, which specialises in automating insurance processes, has secured a $1m seed funding round led by Belgium-based venture fund Pitchdrive and Wayra, the investment arm of Telefónica. The round also saw participation from key figures in insurance distribution and technology, according to InsurTech Insights. The fresh capital will be used to enhance product development and support
WeeFin, the innovative FinTech company, announced today that it has secured a new funding round of €25 million. This financial injection comes 15 months after WeeFin’s Series A and is led by BlackFin Capital Partners, a prominent European FinTech fund. The round also saw participation from existing investors IRIS, Asterion Ventures, and Ring Capital. WeeFin,
Vanquis and FinScan, a leading provider of AML compliance solutions from Innovative Systems, have entered into a partnership. Vanquis Banking Group is known for its dedicated approach to responsible lending within the financial industry, whereas FinScan specializes in advanced AML compliance technologies that aid in enhancing operational efficiencies and customer transparency. The driving force behind this collaboration
Munich Re, a global reinsurance leader, has signed a definitive agreement to acquire NEXT Insurance, a digital-first small business insurer, in a deal worth $2.6bn. Following the acquisition, NEXT Insurance will become part of ERGO Group, Munich Re’s primary insurance subsidiary. The acquisition aims to strengthen ERGO’s presence in the US small business insurance market, leveraging
Saifr has announced its integration with Adobe that aims to redefine compliant content creation within the financial services industry. As part of the Adobe Experience Cloud as an Adobe Technology Partner, Saifr provides advanced AI compliance solutions that serve as a compliance guardrail for generative AI content, helping users manage their risk and enhance the speed
Nexi, a leading European PayTech, has expanded its Tap to Pay on iPhone functionality to merchants in Switzerland and Finland. The company, which specialises in digital payment solutions, previously introduced the service in Italy, Germany, Austria, and Sweden, according to FF News. The expansion aims to provide merchants with a seamless and secure method to accept
Tomo, a digital mortgage lender leveraging AI-driven technology, has secured $20m in a Series B funding round. The latest investment was led by Progressive Insurance, with additional participation from existing investors Ribbit Capital, NFX, and DST Global Partners. This brings Tomo’s total funding to $130m. Founded by former Zillow executives, Tomo is focused on modernising
EquiLend has secured a minority investment from an affiliate of The Bank of New York Mellon Corporation (BNY). This investment underscores BNY’s commitment to EquiLend’s mission and its innovative technological solutions. BNY, along with eight other significant financial institutions, has invested in EquiLend to support the firm’s push for greater innovation and efficiency across the securities
Curve, a digital wallet provider known for its innovative approach to payment management, has raised £37m in a funding round led by Hanaco Ventures. Existing investors, including Fuel Ventures, IDC, Outward VC, and Lord Stanley Fink, also participated in the round. The fresh capital injection is set to support Curve’s strategic growth, with a strong
FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening financial crime prevention. According to recent research from Datos Insights, 91% of surveyed financial institutions (FIs) are investing significantly in payment modernisation. Despite this, many firms still operate with legacy AML
