Allianz X, the strategic investment arm of the Allianz Group, is pleased to announce a strategic equity investment in Coterie Insurance (Coterie), a tech-enabled, data-powered managing general agent (MGA) specializing in property and casualty (P&C) commercial insurance products for small to mid-size business (SMB) owners in the United States.

TENEX.AI, the AI-native cybersecurity company transforming security operations, today announced its $27 million Series A funding round led by Crosspoint Capital Partners, with full participation from existing investors Andreessen Horowitz (a16z) and Shield Capital. This milestone underscores explosive demand for AI-native MDR and positions TENEX as an emerging category leader.

Azentio Software, a leading technology enabler in the BFSI space, announced the launch of Azentio Loan Origination, its next-generation product that redefines how financial institutions scale credit operations across retail, SME, and corporate segments, and supports both conventional and Islamic financing.

Groundbreaking experiments led by Swift have demonstrated the potential impact AI and secure cross-border data collaboration could have on reducing fraud levels in international payments.

PXP, the omnichannel global payment platform, has launched Checkout Components, a new enterprise-grade solution that addresses one of ecommerce's biggest challenges: customers abandoning their purchases at the final hurdle. The solution gives businesses complete control over how payments are presented, processed, and optimised across desktop and mobile platforms.

Scottish Widows has partnered with Origo to enhance its letter of authority process for advisers across its business, which will cut turnaround times and improve the quality of information.

Thunes, the Smart Superhighway to move money around the world, has announced the rollout of real-time cross-border payments into Saudi Arabia. Through its Direct Global Network, Thunes' Members can now deliver instant payouts directly to bank accounts and wallets in the Kingdom in Saudi Riyals (SAR), streamlining transactions for both individuals and businesses.

Many financial institutions consider regulatory compliance the main obstacle to innovation. And some may argue that this thinking makes sense: rules are complex, oversight is increasing, and non-compliance can carry severe consequences.

PensionBee, a leader in the consumer retirement market, today announces the appointment of Maike Currie as Vice President of Personal Finance.

Finastra, a global leader in financial services software, today announced the availability of new functionality within Fusion Invest to serve the specific needs of annuities carriers. Enhancements include the automation of dynamic hedging of annuity contracts, providing greater transparency and operational efficiency for both traders and risk management teams.