wefox, the Berlin-based insurtech, has successfully closed a Series D funding round of $400m (comprising equity and debt) and increased its post-money valuation to US$4.5bn.

Mubadala Investment Company led the equity raise with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global.

Open banking platform Yapily has teamed up with spend management platform Soldo to create a simplified payments experience for businesses across Europe.

Estimates suggest that the elderly worldwide lose more than USD$3 billion (around R48 billion) each year to online fraudsters. In a world focused on communicating with the digital native Generation Z and tech-savvy Millennials, who were born into the digital era, are we leaving the elderly out of the conversation, especially when it comes to online security?

ING announced today that it has spun out Pyctor to GMEX Group ("GMEX"), a leader in digital business and technology solutions for exchanges and post-trade market infrastructure.

MorganAsh, the specialist data supplier allowing firms in the financial services sector to manage consumer vulnerability and meet regulatory requirements, today announced a new partnership with Infiinian.  Its new partner, Infinian, is a leading provider of lending insights and data analytics for the consumer finance sector.

The Fintech Power 50, a list of the 40 most innovative companies and 10 visionary personalities shaping the financial services industry, has been revealed for 2022.

The exclusive annual program acts as a hub for driving change and creativity in the financial services industry, helping the sector innovate and grow.

Moxo, the industry's leading client interaction workflow solution, today announced a partnership with 

Recent innovations in fintech are empowering startups and small and medium-sized enterprises to build better, more agile workflows that save time and money and enable them to focus on innovation and growth. These digital tools are well-suited to smaller businesses as they reduce the burden of numerous financial administrative tasks cost-effectively.

Symphony - the leading markets’ infrastructure and technology platform, will conduct applied research on confidential computing and voice management in partnership with public and private entities in France, as part of the soon-to-be-launched Symphony Labs in Sophia Antipolis. Through this initiative, the company will seek to employ at least 10 researchers in the next three years.
 

With the war in Ukraine and corresponding proliferation in sanctions, ensuring effective watchlist/sanctions screening has never been more important for those in financial services.