InRule, AFS Partner to Boost Decision Automation in MEA

InRule Technology, a Decision Intelligence Platform company providing integrated decisioning, machine learning, and process automation software to the enterprise, announced today a strategic partnership with Advanced Financial Solutions, a FinTech software and consulting firm headquartered in Bahrain. Through this partnership, Advanced Financial Solutions will sell, implement and support InRule’s intelligent decisioning platform throughout the Middle East & Africa, helping financial institutions streamline decision-making and respond faster to evolving market demands. As a leader in AI-powered decision automation, InRule...

60M Drivers Use Telematics; UBI Market to Hit €200B by 2035

The Usage-Based Insurance (UBI) market has now reached over 60 million customers across 450 active programmes – a sixfold increase in just ten years. PTOLEMUS Consulting Group, which predicted the “uberisation” of insurance in 2015, highlights this transformation in its new report. UBI is now a truly global phenomenon that reaches 59 countries and generates more than €50 billion in premiums, finds the consulting firm in its new report. This growth reflects the growing smartphonisation...

Nestimate Raises $3M to Boost Retirement Income Tools

Nestimate, the intuitive analytics platform that empowers 401(k) plan fiduciaries to implement income solutions, today announced the successful closing of $3M in funding. The round was led by S3 Ventures, with additional participation from PruVen Capital, TIAA Ventures, and Invest Nebraska. The funding will accelerate Nestimate’s mission to democratize access to lifetime income solutions within defined contribution retirement plans, enabling broader adoption of guaranteed retirement income across the industry. “We are thrilled to partner with...

ProSight, Decision Focus Launch RegTech Alliance in NA

ProSight Financial Association announced a strategic alliance with Denmark-based Decision Focus to deliver RegTech solutions to the North American financial services industry. This alliance unites ProSight’s deep compliance and risk management expertise with Decision Focus’s leading governance, risk, and compliance technology. Together, the organizations will equip financial institutions with innovative technology solutions that help meet regulatory requirements with greater efficiency and confidence. “ProSight is committed to delivering solutions that help our members and customers effectively manage risk and...

Cardo AI Powers Multitude Bank’s Asset-Based Lending

Cardo AI, a leading technology platform for asset-based finance and private credit, today announced a strategic partnership with Multitude Bank p.l.c., a subsidiary of the listed Multitude AG. The collaboration will use Cardo AI’s platform to automate and streamline Multitude Bank’s asset-based lending (ABL) operations, enhancing efficiency and transparency in funding for small and medium-sized enterprises (SMEs). “Technology is the key to accelerating growth in asset-based credit,” said Altin Kadareja, Co-Founder & CEO of Cardo AI. “By...

LSEG Launches Digital Platform for Private Fund Markets

LSEG today announces that it has launched its Digital Markets Infrastructure platform for private funds and facilitated its first transaction. DMI, which is powered by Microsoft Azure, will deliver blockchain-powered scale and efficiencies for the full asset lifecycle – from issuance, tokenisation and distribution to post-trade asset settlement and servicing, across multiple asset classes. LSEG will ensure that this platform is interoperable with current market solutions in distributed ledger technology as well as traditional finance,...

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