InsurTech NY, the largest InsurTech community in North America, announced today its second growth-stage InsurTech accelerator cohort.

15 startups were chosen to participate in the hybrid virtual and in-person insurance accelerator program. The program will provide resources to help startups with traction, talent, and financing. Founders will work with insurers seeking to provide risk capital to digital MGAs and to pilot new technologies.

Fintech Startup Fills Gaps Left by the Traditional Financial System

CapWay, Inc., a financial technology startup based in Atlanta, has announced the launch of its neobank, the core service in its financial system of inclusive products and services. With a CapWay Money Account and CapWay Visa (virtual and physical) debit card, benefits include the ability to make online transactions, send and receive money, and round-up change per transaction to direct towards "Money Goals."

Michele Shepard Joins as Chief Commercial Officer and Balaji Devarasetty Joins as Chief Technology Officer

Smart Engines developed a new version of credit card scanner to OCR data of cards of 21 worldwide and national payment systems. The new OCR scans more types of free-form credit cards with a breakthrough AI-powered 2X speed up.

Wins showcase LexisNexis Risk Solutions as an industry leader for

its range of fraud and identity solutions

LexisNexis® Risk Solutions announced today that it is the recipient of four prominent awards, all of which highlight excellence in the fields of fraud prevention, identity authentication and verification and cybersecurity. The wins include:

In a significant development for the global payments industry, BNY Mellon has collaborated with Microsoft to migrate infrastructure supporting wire payments into Microsoft Azure. As part of this advancement, BNY Mellon has developed a treasury cash management relationship with Microsoft Treasury built on the Azure cloud payment system.

To better serve clients and the financial services industry, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of the Broadridge Anti-Money Laundering Solution (AMLS), bringing new, leading-edge capabilities to Broadridge’s existing Intelligent Automation suite. The new solution delivers an end-to-end machine learning (ML) powered Anti-Money Laundering platform covering transaction monitoring, name screening, alert prioritization, and customer risk scoring.

 Lendable Inc. ("Lendable" or the "Firm"), a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments.

The Lendable MSME Fintech Credit Fund (the "Fund") is designed to unlock access to financial services for over 150,000 Micro, Small and Medium Enterprises (MSMEs), providing investors with high impact exposure to important markets and the potential of high uncorrelated returns.

SIX today launches its “SIX Tax on Instrument” service to provide client advisors and portfolio managers in the Wealth Advisory industry with tax classifications on individual securities. The service allows users to analyse the tax consequences of financial products, to anticipate the tax-related costs of an investment on that security and to find better investment options.

For a long time, contactless payment with a smartphone was only possible with methods such as Apple Pay or Google Pay. Apple has still not opened its NFC interface for other payment solutions. But with the new Computop Close-by service, the use of NFC signals for payment is about to become much easier for retailers and service providers. Using this solution, the payment process will shift to the smartphone - without an app and without registration.