Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

How insurers can leverage the cloud to focus on innovation

Insurance providers must leverage the cloud to offer a personalised experience to their customers, but also ensure that operational agility and innovation are a priority.

20 September 2019

Company update/Insurance

Honcho launches reverse auction car insurance app

A free app has launched that will change the way drivers buy car insurance forever and hopes to make it cheaper for drivers – and young drivers in particular - to get insured.

18 September 2019

News/cloud

Why financial institutions are modernising on cloud

For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to immediately scale up compute resources at peak times and scale down when demand dipped, paying only for what they use.

17 September 2019

News/startups

Banco Sabadell invests in cyber-risk modelling startup Kovrr

Banco Sabadell's innovation hub InnoCells has joined a $5.5 million funding round for Israeli cyber-risk modelling startup Kovrr. StageOne Ventures and Alma Mundi Ventures co-led the round.

11 September 2019

Company update/wholesale

HKEX and Ping An Insurance ink fintech MoU

Hong Kong Exchanges and Clearing Limited (HKEX) is today (Friday) pleased to announce that it has entered into a memorandum of understanding (MOU) with Ping An Insurance (Group) Company of China Limited (Ping An) to explore possible areas of cooperation and collaboration in Fintech and data analytics to enhance the region’s financial market ecosystem.

06 September 2019

Company update/Insurance

OneConnect and Singapore Management University sign blockchain MoU

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, and Singapore Management University (SMU) today signed a Memorandum of Understanding (MOU) to jointly conduct research and develop a Proof of Concept (POC) on the potential of quantum computing to augment blockchain technology.

06 September 2019

Company update/Insurance

AkinovA adopts OpenFin for insurtech platform

AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, together with OpenFin, the operating system (OS) of finance, today announced the adoption of OpenFin for the deployment of its groundbreaking trading platform for the risk transfer value chain.

05 September 2019

News/inclusion

Accion raises funds to invest in seed stage financial inclusion fintech startups

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $23 million from investors and adding another $10 million from its own pocket.

04 September 2019

Company update/Insurance

Simplesurance forms distribution partnership with Numbrs

Simplesurance, one of the leading InsurTech companies, based in Berlin and Tokyo has expanded its partner network with a new in-app partnership with Numbrs, the leading independent financial app in the German market. The two companies announced this today.

04 September 2019

News/Insurance

Insurtech funding surpassed $3bn in 2018

Investment in the global insurtech market grew by 84% in 2018, topping the $3bn mark.

03 September 2019

Company update/Insurance

Tech Mahindra partners Adjoint on blockchain-based enterprise financial management and insurance

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, and Adjoint, a global leader in innovative financial technology, have announced industry’s first Blockchain solution for secure enterprise financial management and insurance services across locations to create a seamless and reliable customer experience.

29 August 2019

Company update/Insurance

UK insurtech partners with Manulife for travel insurance

Blink, part of Leeds headquartered CPP Group Plc, has partnered with Manulife, one of Canada’s largest travel insurers, to support the roll-out of tailor-made, real-time flight disruption insurance services to its customers.

29 August 2019

Company update/Insurance

ndigit makes board appointments

To reflect its strong growth and expanding international presence, ndgit GmbH has sharpened its corporate identity (CI) to emphasise its strategic mission to be the technological backbone for connected banking and insurance.

29 August 2019

News/startups

Hedvig raises $10.4m for 'nice insurance'

Swedish insurtech Hedvig has raised SEK100 million ($10.4 million) in a funding round led by Twitter co-founder Ev Williams' Obvious Ventures.

28 August 2019

Company update/Insurance

Life insurance fintech startup Ethos raises $60 million

Ethos, the company making simple, ethical life insurance, today announced it raised a $60 million Series C financing led by GV (formerly Google Ventures).

27 August 2019

News/Insurance

Singularity Studio and PICC FS forge AI and blockchain pact

PICC Financial Services, the wholly-owned fintech arm of People’s Insurance Company of China, and Singularity Studio have signed an MoU to open a new accelerator in Beijing to promote the development of AI and blockchain-based services for the insurance market.

14 August 2019

News/Insurance

Lloyds turns to Trov for InsurTech offering

Lloyds Banking Group is to use a white-labeled platform from San Fransicos's Trov to roll out a suite of insurance products for digitally-native consumers.

08 August 2019

Company update/ai

Lloyd’s syndicate and Previse collaborate to tackle slow invoice payments

Beat Syndicate 4242 of Lloyd’s has become the first globally to insure the instant payment of business to business invoices against dilution risk, creating a brand new category of insurance for pre-approval invoice payments.

25 July 2019

Company update/payments

bsurance signs AXA as third major insurance partner

The Austrian insurtech startup bsurance has won the services of FinTech startup cashpresso, also from Austria, as a cooperation partner.

15 July 2019

Company update/Insurance

SafeCharge applies Visa Direct at InsurTech company Seeto

SafeCharge (AIM: SCH), the partner of choice for businesses who demand more from payment technology, has announced a new collaboration with Visa Direct, Visa’s real-time push payments platform, helping to power faster payouts for insurance-as-a-service company Setoo.

11 July 2019