FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers
The Financial Conduct Authority (FCA) fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.
The regulator stated...
Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
Certificial closes $5.8m in its Series A round
Certificial, which offers real-time certificate of insurance (COI) issuance and compliance management, has closed its Series A round on $5.8m.
InsurTech Waffle seeks expansion following $5m seed round
New York-based InsurTech Waffle has closed a $5m seed funding round led by Verve Ventures.
AI-driven fraud protection company for InsurTechs Shift Technology earns the horn after $220m round
SaaS provider of AI-driven decision automation and optimisation solutions for the insurance industry Shift Technology closed a $220m fundraising bringing its valuation to over $1bn.
Why SMEs need to worry about the threat of cyberattacks
As the world treads towards an increasingly digitised ecosystem, cyber threats and online fraud is not uncommon and no one is immune to them but SMEs may not be aware of the devastating consequences of a cyberattack, according to KYND.
What do these 36 FinTech rounds raised in the last week reveal about the...
WealthTech and cybersecurity enterprises were among the FinTech businesses that closed investment rounds in the last seven days.
Why Robinhood and the InsurTech industry stand out from the 39 funding rounds raised...
From GameStop chaos to how InsurTechs have benefited from the Covid-19 crisis, this is what you can learn from the 39 FinTech funding rounds of last week.
What’s next for Sweden’s FinTech ecosystem?
After years of record growth and it briefly being home to Europe's most valuable FinTech, how will Sweden's emerging FinTech ecosystem come out of the Covid-19 pandemic?
DynaRisk extends seed round to now totalling over $3m
Cyber-risk management startup DynaRisk has extended its seed funding round, bringing the total funding raised to over $3m.
