Latest Insurance News: Finextra Research

500 Startups launches $25m fintech fund

Early-stage venture firm 500 Startups is launching a $25 million fintech fund focussed on investing in startups building "financial services for the rest of us".

24 February 2016

News/Insurance

HSBC invests in cognitive computing firm CustomerMatrix

HSBC has led a $10.5 million Series B funding round for New York-headquartered cognitive computing startup CustomerMatrix.

25 January 2016

News/Insurance

Capital markets sector leads fintech M&A activity

There were 427 fintech mergers and acquisitions in 2015, worth a combined $64 billion, double the value of deals the previous year, according to figures pulled together by Berkery Noyes.

21 January 2016

News/Insurance

Financial services go modular

The financial services industry is going modular, with technology making it easier for customers to buy from multiple providers, opening up a multi-billion dollar opportunity for new entrants, according to report from management consultancy Oliver Wyman.

21 January 2016

News/Insurance

UK finance sector ups IT spending amid fintech uncertainty

British financial services firms expect IT to be the main area to see an increase in capital spending over the next year as the industry braces itself for the fintech revolution.

18 January 2016

News/Insurance

Regulation biggest threat to fintech growth - survey

Regulatory issues are set to be the biggest hurdles facing financial technology firms over the next year, according to a survey of fintech founders and investors.

18 November 2015

News/Insurance

Dutch banks team up on digital identity service pilot

Dutch banks are banding together on a digital identification service which will let online customers use their login details to access other commercial and government sites.

02 November 2015

News/Insurance

FS firms told to prepare for avalanche of IoT data

Financial services firms should begin planning for the avalanche of new data that will hit them through the rise of the Internet of Things (IoT), which, if used correctly, could bring huge benefits to the industry, according to a Deloitte University Press report.

16 October 2015

News/Insurance

Xchanging receives two takeover offers

Shares in Xchanging soared 50% on Monday on news that the London-based back office processing provider has received separate takeover offers from Capita and Apollo Global Management.

05 October 2015

News/Insurance

US insurer warns 10 million records breached in two-year cyberattack

US insurance group Excellus Blue Cross and Blue Shield has warned that up to 10 million customer records may have been compromised during the course of a two-year cyberattack on its computer systems.

11 September 2015

News/Insurance

Bank details of Lloyds customers reported stolen

A data storage device containing the bank information of thousands of Lloyds customers has been reported stolen by insurance firm RSA.

10 September 2015

News/Insurance

Former IT firm director jailed for hacking Aviva phones in revenge attack

A man has been given an 18 month prison sentence for hacking into hundreds of phones belonging to Aviva in an act of revenge against his former company, a security vendor contracted by the insurance firm.

25 August 2015

News/Insurance

Payments and capital markets sectors dominate fintech M&A activity

There were 192 fintech mergers and acquisitions worth a total of $18.9 billion in the first half of 2015, according to research from investment bank Berkery Noyes.

29 July 2015

News/Insurance

AXA sets up EUR200 million disruptive venture fund

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

25 February 2015

News/Insurance

Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

The sub-Saharan mobile money revolution is set to net providers such as telcos and banks as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG).

19 February 2015

News/Insurance

Apple and IBM unveil apps for FS firms

Apple and IBM have unveiled their first wave of mobile applications aimed at enterprises, enlisting the backing of Citi for financial services-targeted efforts.

11 December 2014

News/Insurance

London event challenges fintech-types to launch a startup in a weekend

Fintech developers, designers and entrepreneurs are being invited to gather in London next month for a 54-hour hackathon that could see them win help from industry heavyweights to develop their ideas.

19 September 2014

News/Insurance

Boosting customer experience is top IT priority for UK and Ireland FS firms

Improving customer experience has overtaken cost-cutting as the main priority for IT decision makers at British and Irish financial services firms, according to a survey commissioned by Fujitsu.

06 August 2014

News/Insurance

More Th>n telematics app slashes insurance costs for safe drivers

UK insurer More Th>n is promising car owners up to 20% off their premiums if they use a new telematics app which assesses their driving style.

30 January 2014

News/Insurance

Tesco Bank introduces telematics-based car insurance policy for young drivers

Tesco Bank has launched an insurance product for young drivers that comes with a black box which is installed in their cars and tracks behaviour behind the wheel.

26 June 2013