Insurance

11 articles tagged with this keyword

/retail

Wefox rescued from insolvency amid "profound" restructuring

One-time insurance unicorn wefox has secured €25 million in fresh capital amid a brutal restructuring effort to keep the ailing business afloat.

/security

Elmore and Green Swan to offer insurance coverage against APP fraud

Elmore Insurance Brokers and RegTech Green Swan Compliance have teamed up on the development of an Authorised Push Payment (APP) Fraud Reimbursement Insurance product for qualifying UK banks, Payment Service Providers, E-Money Institutions, and Authorised Payments Institutions.

/startups

Wefox warns shareholders of insolvency

Insurance unicorn Wefox has warned investors that it may soon face insolvency due to financial losses and regulatory charges.

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/startups

Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

/crypto

Insurers target crypto market

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.

/security

Cyber attacks cost financial firms $12bn says IMF

Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).

/markets

Iosco to examine business models of ever-expanding exchanges

The International Organisation or Securities Commissions (Iosco) has launched a consultation paper to examine the risks associated with the evolving business models of stock exchanges and other market infrastructures.

/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

/security

JPMorgan invests in Eye Security

JPMorgan Chase's growth equity investment unit has led a €36 million Series B funding round for Dutch cybersecurity firm Eye Security.

/retail

US banking platform Oxygen closes customer accounts

American digital banking platform Oxygen is closing customer accounts by the end of March as it pivots towards heath insurance.