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Bain Capital Insurance Invests $200 Million Into GuideOne Insurance Company to Launch Innovative New Platform Dedicated to Mutuals

The Mutual Group, an innovative new insurance platform serving the mutual industry, today announced its plans to launch with support from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.

Thursday, December 21, 2023 - 10:23
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Financial IT
Vestwell Raises $125M Series D
Vestwell, the leading employer and individual savings platform, has raised its Series D round, totaling $125 million. The large preempted equity financing is a testament to the conviction these investors have in Vestwell’s trajectory and its future; the funding round also firmly establishes Vestwell as one of the biggest US funding success stories of 2023 in the fintech and SaaS sectors.
Thursday, December 21, 2023 - 09:46
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Financial IT
Shifting Away from BNPL: How Credit Scoring Services Can Improve Financial Wellbeing

I don’t need to spend too long detailing how the ongoing cost-of-living crisis has impacted finances across the UK. But here are a couple of stats borrowed from the Financial Conduct Authority:

Thursday, December 21, 2023 - 07:49
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Financial IT
Bankjoy Achieves New Milestones in 2023, Expanding Client Base To 68 Banks & Credit Unions Nationwide

Leading digital banking provider Bankjoy has achieved record growth in 2023, expanding its client base in the last year, and adding several new credit unions and community banks, as well as neobanks to its platform. The company has also released several new product enhancements in the last 12 months and established new partnerships with industry-leading providers, including Plaid and Fraud.net, among others. 

Wednesday, December 20, 2023 - 14:31
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Financial IT
EBL Launches World’s First Biometric Metal Card with IDEX Biometrics

Eastern Bank PLC. (EBL), headquartered in Dhaka, the capital city of Bangladesh and a market leader in corporate, retail and SME banking, is set to launch the world’s first biometric metal card, powered by the 

Wednesday, December 20, 2023 - 14:26
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/news/payments/ebl-launches-worlds-first-biometric-metal-card-idex-biometrics
Financial IT
2024 - The Year We Need to Focus on Less

With each new year, we all receive predictions for more of something. In 2024 there will be more AI, more Cloud, more Cyber attacks, and more use of this technology or that. More, more, more… How about next year we focus on less?

Wednesday, December 20, 2023 - 13:15
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/blog/data-analytics/2024-year-we-need-focus-less
Financial IT
Suspected Fraudulent E-commerce Transactions 117% Higher in the UK During the Holidays Compared to the Rest of Year

TransUnion, a global information and insights company and one of the UK’s leading credit reference agencies, has released new data on e-commerce fraud trends in the UK during the early 2023 festive season.

Wednesday, December 20, 2023 - 11:55
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Financial IT
The Number of Digital banking Users in Singapore Will Reach 1.7 Million by 2025

Digital banks in Singapore are experiencing consistent growth, which can be evaluated through a number of indicators including the net interest income and number of users.  

Wednesday, December 20, 2023 - 10:20
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/news/digital-banking/number-digital-banking-users-singapore-will-reach-17-million-2025
Financial IT
Thredd Closes Momentous Year with Record Growth

Thredd, the leading next-gen issuer payments platform, announced that 2023 will deliver the best performance in the company’s history. With strong support from investors including Advent International, Viking Capital, Temasek, and Mission OG, Thredd expanded its leadership role in the payment ecosystem, driving client-centric expansion across global markets with sights set on leveraging this momentum for future growth. 

Wednesday, December 20, 2023 - 09:57
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/news/payments/thredd-closes-momentous-year-record-growth
Financial IT
Virgin Money Adds Pension Capability to FNZ Platform

Virgin Money has announced the launch of a new pension offering, enhancing its digital platform and further extending its partnership with FNZ.

The innovative digital investment solution was initially launched in April 2023, and aimed to make investments more accessible, straightforward and transparent for UK retail investors.

Wednesday, December 20, 2023 - 09:51
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Financial IT

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