Much discussed, yet often misunderstood, it’s clear that Artificial Intelligence is set to dominate the global Insurance sector for the foreseeable future – and Canada is no different. Despite being a somewhat nascent discipline within insurance, progress in silicon centres across the nation mean carriers recognize the potential of AI to cut costs, improve the customer experience and generate sustainable long-term growth.

PayU today announces the acquisition of iyzico – a digital payment services provider and one of the most hotly tipped fintech start-ups in Turkey – for $165 million. The acquisition, which adds to the over $500 million PayU deployed across fintech investments and M&A, is a further step in the company’s mission to become the leading payments provider in high growth markets and the world’s leading fintech investor.

Sergey Dobrovolskiy, Founder of Amaiz.Amaiz, a UK-based FinTech enterprise, today launched its first business banking app for UK solopreneurs. With a business current account for sole traders, Amaiz makes running a small business more manageable by providing a sleek mobile app, financial health overviews, 24/7 in-app customer support and accountancy help.

Tata Consultancy Services (TCS), a leading global IT services, consulting, and business solutions organization, announced that Länsförsäkringar Bank has successfully deployed TCS BaNCS for Core Banking to power the next leg of their digital transformation journey.

 Dolfin, an independent and agile wealth management platform, has launched Dolfin Mastercard, a multi-currency payment card available exclusively to the firm’s private clients.

Dolfin Mastercard, which is a prepaid card linked to a client’s Dolfin Payment Account and managed via an app or online platform, provides three key benefits:

Millennials, a generation of digital natives that grew up amid the fastest period of technological change in history are, according to new independent research, the age group least likely to borrow from alternative digital lenders.

B2B digital payments integration specialist, Adflex, today announces that its contract to deliver push payment services to leading residential developer L&Q has been extended until July 2020.

Within the last decade there has been a pattern of people quitting their jobs in big financial services firms to launch start-ups, often in partnership with technologists similarly intent on shaking up a niche area with new technology.

FinTech start-ups are appearing across the industry. FinTech “seeks to improve and automate the delivery and use of financial services”. Revolut, Transferwise and Funding Circle are examples of new, tech-led companies looking to bypass banks by streamlining the business of making payments, currency transfers and lending.

ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions, today announced enhancements to ACA’s trade blotter review analysis offering. Available today, this new automated trade blotter review tool is designed in response to challenges faced by SEC-registered investment adviser clients in keeping pace with the SEC’s enhanced use of technology to detect insider trading, market abuse, and other potential misconduct.