Search Results for: business insurance

How to Prepare the Insurance Sector against Growing Cyber Threats in 2022
Cloud Featured InsurTech Security

How to Prepare the Insurance Sector against Growing Cyber Threats in 2022

Fintech News Desk
by Fintech News Desk0
There are many threats currently targeting the Insurance Sector, and these threats have grown over the last few years significantly. This is primarily due to the fact that the industry holds a vast amount of monetary wealth. In addition to this enticing factor, new products, solutions, and services are created......
IFC & PayU Invest INR 114cr in Vayana Network to Increase Formal Trade Credit to Micro and Small Businesses
Finance Fintech News

IFC & PayU Invest INR 114cr in Vayana Network to Increase Formal Trade Credit to Micro and Small Businesses

Fintech News Desk
by Fintech News Desk0
India’s largest trade finance network, announced that it has raised a further INR 114cr as part of its Series C funding from International Finance Corporation (IFC) and PayU, the Payments and Fintech business of Prosus. Vayana plans to use the funds to build products focused on helping MSMEs better manage......
Relation Insurance Services Acquires the Assets of Ernie Yarborough Insurance Agency
InsurTech News

Relation Insurance Services Acquires the Assets of Ernie Yarborough Insurance Agency

Fintech News Desk
by Fintech News Desk0
Transaction adds to Relation’s presence in South Carolina Relation Insurance Services, one of the largest and fastest-growing national insurance agencies, announced it acquired the assets of South Carolina-based Ernie Yarborough Insurance Agency (“Yarborough”). Yarborough was previously part of Nationwide Mutual Insurance Company’s (“Nationwide”) exclusive distribution model. Terms of the transaction......
Elpha Secure Launches Cyber Insurance Offering on Socotra’s Cloud-Native Platform in Less Than Two Months
InsurTech News Security

Elpha Secure Launches Cyber Insurance Offering on Socotra’s Cloud-Native Platform in Less Than Two Months

Fintech News Desk
by Fintech News Desk0
Socotra’s flexible platform and open APIs empowered Elpha Secure to self-implement in record time Elpha Secure, a cybersecurity startup that provides cyber insurance combined with security software to small businesses, has chosen Socotra to complement its proprietary technology and launch a new cyber insurance product for a variety of industries.......
OneUnited Bank Joins With Lendistry to Offer Small Business Loans Nationwide
Banking News

OneUnited Bank Joins With Lendistry to Offer Small Business Loans Nationwide

Fintech News Desk
by Fintech News Desk0
Largest Black-Owned Bank Joins with Black-Led Small Business Lender OneUnited Bank, the nation’s largest Black-owned bank, joins with Lendistry, a Black-led fintech, to provide small business loans to OneUnited Bank customers. The Bank’s continuing mission is to close the racial wealth gap by providing a resource for term loans and non-revolving lines......
KKR Invests in Shriram General Insurance
InsurTech Investment Services News

KKR Invests in Shriram General Insurance

Fintech News Desk
by Fintech News Desk0
KKR, a leading global investment firm, and Shriram General Insurance Company, a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire......
Layr Raises $10 Million to Democratize Digital Experiences for Insurance Brokers and Agents
InsurTech News

Layr Raises $10 Million to Democratize Digital Experiences for Insurance Brokers and Agents

Fintech News Desk
by Fintech News Desk0
Using AI and ML, Layr helps agencies and brokerages supply the proper insurance to their commercial clients faster and cheaper than ever before Layr, the insurtech startup using artificial intelligence and machine learning to help brokerages and agencies efficiently manage their small commercial books, announces $10M in Series A funding. Layr......
Pinnacle Secures $200 Million Team from VALIC, Expanding Business in New Jersey
Investment Services News

Pinnacle Secures $200 Million Team from VALIC, Expanding Business in New Jersey

Fintech News Desk
by Fintech News Desk0
Pinnacle Investments, LLC, a 25-year-old investment firm headquartered in Syracuse, expanded their business in Morristown, New Jersey with the procurement of three reps formerly affiliated with The Variable Annuity Life Insurance Company (VALIC). Andrea Coladarci, Adam DeSimone, and Adam Gartside, now doing business as Prime Wealth Group, each left VALIC Friday after 11, 3, and 2 years......
Cashfree Payments Launches Aadhaar Verification, Automates Customer KYC for Businesses
Digital Payments News

Cashfree Payments Launches Aadhaar Verification, Automates Customer KYC for Businesses

Fintech News Desk
by Fintech News Desk0
In addition to Aadhaar Verification, Cashfree Payments offers authentication of Bank Accounts, PAN, UPI and IFSC as part of its Verification Suite Leading payments and API banking solutions company, Cashfree Payments announced that it has launched Aadhaar Verification as a part of its Verification suite. This feature is an addition to the......
81% of Global Financiers Say Legacy IT Inhibits Business Change
Business InsurTech News

81% of Global Financiers Say Legacy IT Inhibits Business Change

Fintech News Desk
by Fintech News Desk0
Economist Intelligence Unit uncovered the scale of technical debt in financial services in a report sponsored by Appian Appian reveals that global leaders in financial services and insurance (FSI) believe that legacy IT infrastructure and applications are holding back their business transformation aspirations and automation objectives. These are the findings of......
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