FinTech News

Canada’s auto lending sector is facing a period of transformation. While dealer reserves continue to be a core part of the market, rising vehicle prices, higher interest rates and growing regulatory scrutiny are challenging traditional lending models. This shifting environment is pushing lenders, dealers and borrowers to rethink long-standing practices and explore more transparent and efficient ways to balance profit with credit access, according to Earnix.

How AI is reshaping Canada’s auto finance landscape

Canada’s auto lending sector is facing a period of transformation. While dealer reserves continue to be a core part of the market, rising vehicle...
Digital banking has transformed financial services, making them faster and more accessible than ever before. Yet, this convenience comes at a cost, with personal connections diminishing. Branch visits are nearly obsolete, making it harder for banks to sustain meaningful engagement with their customers, to the detriment of trust and loyalty.

How banks can boost loyalty through health engagement

Digital banking has transformed financial services, making them faster and more accessible than ever before. Yet, this convenience comes at a cost, with personal...
Optifino, the digital Brokerage General Agency (BGA), and Covr Financial Technologies, a provider of digital insurance solutions, have announced a transformative merger to create Digital BGA 3.0.

Optifino and Covr merge to launch Digital BGA 3.0

Optifino, the digital Brokerage General Agency (BGA), and Covr Financial Technologies, a provider of digital insurance solutions, have announced a transformative merger to create...
Zurich North America, a leading commercial insurance provider and part of Zurich Insurance Group, has announced a strategic integration with Nearmap, a global provider of property and location intelligence for insurers.

Zurich unveils AI aerial insights for faster underwriting

Zurich North America, a leading commercial insurance provider and part of Zurich Insurance Group, has announced a strategic integration with Nearmap, a global provider...
One Inc, the leading payments network, and Equisoft, a global provider of advanced digital solutions for the financial services sector, have announced a new partnership to deliver modern premium payment experiences for insurers and policyholders.

Equisoft integrates One Inc’s PremiumPay for insurers

One Inc, the leading payments network, and Equisoft, a global provider of advanced digital solutions for the financial services sector, have announced a new partnership...
Insurers gain transparency with Ortec Finance’s SBML

Insurers gain transparency with Ortec Finance’s SBML

Ortec Finance has expanded its Scenario-Based Machine Learning (SBML) approach, and has showcased it through a case study with M&G Investments. The case study...
Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant upgrade to its platform with the launch of Referral Agent.

Sixfold launches Referral Agent to streamline underwriting

Sixfold, an underwriting AI company, specialising in property and casualty (P&C) insurance, risk assessment automation, and AI-driven underwriting solutions, has today announced a significant...

Apollo to launch new reinsurance syndicate with Lloyd’s approval

Apollo has received “in principle” approval from Lloyd’s Council to launch Apollo ReShare Syndicate 1972, which is set to begin underwriting on 1 January...
Quandri, an AI-focused InsurTech platform, has announced its U.S. launch of a new Requoting capability, designed to transform personal lines insurance renewals and enhance agency operations.

Quandri launches Requoting to automate insurance renewals

Quandri, an AI-focused InsurTech platform, has announced its U.S. launch of a new Requoting capability, designed to transform personal lines insurance renewals and enhance...
Insurance venture capital firm Markd has reopened its debut fund to secure up to $500m in new commitments, with the potential for further expansion before year-end.

InsurTech firm SureCo raises $23m Series A

SureCo, an Individual Coverage Health Reimbursement Arrangement (ICHRA) administrator, has announced the close of a $23m Series A funding round. The investment was led by...
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Sixfold’s new AI tool tackles life and health cases

Sixfold, the underwriting AI platform used by leading insurers around the world, has launched an AI Underwriter for Life & Health insurance, a governed...
Great Hill Partners announces strategic investment in Aurenity

Great Hill Partners announces strategic investment in Aurenity

Aurenity, a technology-enabled excess & surplus (E&S) managing general agent headquartered in Connecticut, has secured a strategic investment from Great Hill Partners, a private...
WTW becomes official insurance partner of WSL Football

WTW becomes official insurance partner of WSL Football

WTW, a leading global advisory, broking and solutions company, has become the official insurance partner of the Barclays Women's Super League (BWSL) and BWSL2,...
Producerflow joins State Farm Startup Pitch finalists

Producerflow joins State Farm Startup Pitch finalists

Producerflow, a modern insurance distribution management platform built to help carriers, managing general agents and agencies manage the full producer lifecycle from onboarding through...
Closing insurance’s emerging risk blind spot

Closing insurance’s emerging risk blind spot

Insurance firms have always had to look to the future and prepare for potential outcomes. However, amid growing instability, that task has become much...
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