Thursday, May 25, 2017

Customer choice must be key in next wave of InsurTech

An insurer’s safest bet for survival as InsurTech enters its second wave is to make customer choice a true focal point. Read more: www.canadianunderwriter.ca

Paytm to launch payments bank next week

India’s Paytm has at last got final approval from the Reserve Bank of India (RBI) and is set to unveil its Paytm Payments Bank on 23 May. Read more: www.bankingtech.com

InsurTech report: Hype or the next FinTech frontier?

Oliver Wyman is out with a report on the emerging InsurTech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. Read more: www.crowdfundinsider.com

SoFi unveils digital wealth management platform

The new initiative will allow investors in the US to invest as little as $500 (or a $100 monthly recurring deposit) in automated, low-cost, ETF portfolios. Read more: finovate.com

Encompass integrates with FactSet for KYC

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy is teaming with FactSet. Read more: www.finextra.com

Prominent FinTech executive AdaPia d’Errico joins AlphaFlow

AlphaFlow, an online real estate investment management platform, has appointed AdaPia d'Errico as Chief Operating Officer. Read more: www.crowdfundinsider.com

Bunker grabs $6m to insure gig economy workers

San Francisco-based business insurance platform Bunker has picked up $6m in a Series A round. Omidyar Network led the investment. Read more: www.fintechroundup.com

Wealthsimple pockets another $37m

Toronto-based robo-advisor startup Wealthsimple has raised another $37m in a Series B round as it continues to grow its presence in the US market. Read more: www.fintechroundup.com

InsureStreet takes £500,000 to replace cash rental deposits

InsurStreet has picked up angel funding for its InsurTech alternative to rental deposits. The London-based company is taking on £512,000 from angel investors. Read more: www.fintechroundup.com

CBien pockets €8m from insurers to expand internationally

Paris-based InsurTech startup CBien has raised €8m in a new round from existing backers MAIF, MACIF and 5M Ventures. Read more: www.fintechroundup.com