Tag: 2023 RegTech

The Commerce Fraud Bureau has formally charged a Minnesota broker with alleged involvement in a $650k fraud scheme. 

The Tel Aviv District Court has approved the seize of a total of NIS $30m from the ousted Vesttoo co-founders Yaniv Bertele and Alon Lifshitz.

Comprehensive management of new and emerging risks is vital for any company aiming to ensure compliance and maintain a strong financial position. For insurance companies, however, it becomes doubly crucial as risk is the very basis of their value, and product, this is why solutions such as loss control could become the next big opportunity for insurers.

Markel Bermuda Limited (MBL) has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo.

Israeli FinTech Vesttoo has filed for Chapter 11 bankruptcy protection amidst the company's ongoing fraud scandal.