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Kennedys IQ launches InsurTech’s first neuro-symbolic AI solution for global insurance market


Kennedys IQ, the client-facing technology division of global law firm Kennedys, has introduced SmartRisk, the first fully explainable neuro-symbolic AI risk analysis solution for the insurance sector. This latest addition to its data-driven IQ Platform aims to revolutionise policy review, liability, and coverage analysis by enhancing decision-making speed, accuracy, and consistency. The launch of SmartRisk


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InsurTech leader Peak3 secures $35m to drive European expansion


Peak3, a global InsurTech company specialising in cloud-based insurance solutions, has raised $35m in a Series A funding round to accelerate its expansion across the UK and European markets. The funding round, which will support Peak3’s ambitious growth plans, was backed by investors keen to drive digital transformation in the insurance sector. The company has


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Crossmint secures $23.6m to simplify blockchain for businesses and AI agents


Crossmint, an all-in-one blockchain platform for businesses, has secured $23.6m in a funding round led by Ribbit Capital. Other investors include Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The investment follows a year of rapid growth, with Crossmint’s subscription revenue surging by 1,100% in 2024. The company provides businesses with tools to develop blockchain


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Novidea upgrades insurance management platform to boost efficiency


Novidea, a provider of cloud-based, data-driven enterprise insurance management solutions, has announced a raft of updates to its insurance management platform designed to boost its effectiveness in policy management, claims administration, billing, accounting, document and file management, and other key areas. The move will enable the offering to achieve greater efficiency and innovation across all


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Tomo secures $20m in funding as it scales AI-powered mortgage solutions


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


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EquiLend boosts securities finance technology with BNY investment


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


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Chubb launches new division for small and lower middle market businesses


Chubb, a global provider of insurance products, has launched a new division, North America Small & Lower Midmarket, to consolidate its Lower Middle Market and Digital Small Business divisions. The new structure aims to enhance service delivery and streamline operations within this growing segment, according to InsurTech Insights. Operating under Chubb’s North America Middle Market organisation,


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Pioneer Insurance partners with Sapiens to drive digital transformation in the Philippines


Pioneer Insurance has chosen Sapiens to enhance its digital transformation efforts in the Philippines. The collaboration will see Pioneer leverage Sapiens Insurance Platform to accelerate digital transformation and enhance customer experience. The partnership marks a significant step for Pioneer as it aims to modernise its operations, scale its capabilities, and embrace digitalisation. By implementing Sapiens’


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FinScan enhances payment screening for faster, safer transactions


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


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FutureVault secures $3m to enhance AI-powered digital vault technology


FutureVault, a provider of AI-powered digital vault solutions, has secured $3m in equity financing, bringing its total funding since inception to $31m. The latest investment round saw participation from founder and executive chairman G. Scott Paterson, CEO Daniel Kenny, and a mix of existing shareholders and select new investors. FutureVault specialises in digital vault solutions


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FinTech startup SparkReceipt secures investment from Trind Ventures for global expansion


SparkReceipt, a pre-accounting software provider based in Finland, has secured investment from Trind Ventures. The funding round, which remains undisclosed, also received support from the European Union under the InvestEU Fund and Business Finland. The company provides AI-powered pre-accounting software designed to simplify bookkeeping for micro-businesses, with operations spanning nearly 100 countries. The platform automates