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...

News Stories

Valor backs Counterpart with $50m Series C raise

Counterpart, a specialty InsurTech firm pioneering Agentic Insurance™ for the AI era, has completed a $50m Series C funding round, bringing its cumulative total...
MoneySuperMarket, the UK’s most recommended price comparison service, has expanded its ChatGPT app to include home insurance, pet insurance, credit cards and personal loans, enabling users to re-run quotes and compare financial products directly within the ChatGPT interface.

MoneySuperMarket adds home, pet insurance to ChatGPT app

MoneySuperMarket, the UK’s most recommended price comparison service, has expanded its ChatGPT app to include home insurance, pet insurance, credit cards and personal loans,...
Mehrwerk, a data-driven provider of cashback and lifestyle protection services, and bolttech, a global InsurTech specialising in embedded insurance, have formed a strategic partnership to expand embedded insurance and value-added services across Germany and international markets.

Mehrwerk teams with bolttech to expand embedded services

Mehrwerk, a data-driven provider of cashback and lifestyle protection services, and bolttech, a global InsurTech specialising in embedded insurance, have formed a strategic partnership...
Markel Insurance, the insurance division of Markel Group Inc., has launched PlayMicro in Canada via its digital platform Markel Connect, a broker-focused portal for specialty insurance solutions.

Markel brings PlayMicro portal to Canadian brokers

Markel Insurance, the insurance division of Markel Group Inc., has launched PlayMicro in Canada via its digital platform Markel Connect, a broker-focused portal for...

Ripe debuts ChatGPT app for instant cycling cover quotes

Ripe, a UK-based digital managing general agent (MGA) specialising in niche insurance products, has launched a new ChatGPT app for its cycling insurance brand...
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