Berlin-based Embea has successfully concluded its seed funding round, securing a remarkable €4m.

Embea is among the first companies to extend the emerging trend of Embedded Insurance from covering gadgets to offering life insurance protection. Instead of buying via brokers or from a dedicated website, individuals and families get covered through just a few additional clicks during non-insurance activities, like booking travel or taking out a loan.

Simetrik, a B2B financial solutions platform founded in 2019 in Colombia, announces a $55-million Series B funding round led by Growth Equity at Goldman Sachs Asset Management (Goldman Sachs). Other investors joining this round include FinTech Collective, which led the Series A, and Cometa, who led the seed round, Falabella Ventures, Endeavor Catalyst, Actyus, Moore Strategic Ventures, Mercado Libre Fund, and the co-founders of Vtex.

Orion Innovation, a leading digital transformation and product development services firm, is excited to announce it has signed a deal with Africa and Gulf Bank (“AGB”) to modernize the bank’s banking products and services.

Silent Eight, a leading Regtech firm specializing in partnering with major financial institutions to drive efficiency, increased accuracy, and adaptability within their financial crime programs, today announced the expansion of its relationship with HSBC to implement Automated Alert Closure for Transactions automated investigation, and resolution of alerts in real-time.

Guidewire announced that Guidewire PartnerConnect Consulting and Global Premier partner, Deloitte, have achieved the Migration Acceleration Specialization. Partners who have earned this global specialization have demonstrated the ability to lower customers’ cost of transitioning to Guidewire Cloud, accelerate implementation timeframes, and improve delivery quality and predictability.

Security Bank has entered a new partnership with Avaloq, a leading provider of wealth management technology and software. The bank aims to digitalize its wealth management business with the Avaloq Core Platform and to roll out Avaloq’s Relationship Manager (RM) Workplace solution to strengthen its front office.

TerraPay, a leading global cross-border payments network company, and Diamond Trust Bank Uganda (DTBU), a prominent member of the Diamond Trust Bank Group, today, announced a strategic partnership to expand international money transfers and strengthen financial inclusion in Uganda. Together, both firms will deliver unparalleled benefits to customers worldwide.

The rise of fraud in the United States continues apace, costing a huge $159 billion in one year alone, according to new research released today by Feedzai in partnership with the Global Anti-Scam Alliance (GASA). 

Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients, and businesses in Asia Pacific. As the payments landscape evolves rapidly, the center enables stakeholders to engage with Visa technologists to co-create payments solutions ahead of demand, deliver scalable innovation, and address the biggest challenges and opportunities in digital payments in the region.