Thunes Enables Faster Cross-Border Payments via Swift

Thunes Enables Faster Cross-Border Payments via Swift through their Swift connectivity. The new solution enables the 11,000 banks within the Swift network to connect to Thunes’ Direct Global Network with no additional integration required, providing faster business and consumer payouts to 4 billion bank accounts. Banks can now leverage their existing SWIFT connectivity to send business and consumer payments via the Thunes Network globally, ensuring fast bank account transfers in over 130 countries, meeting demand...

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...

OneUnited Bank Boosts Adoption 33% with Candescent Platform

Candescent, a leading independent digital banking technology provider, today announced that OneUnited Bank, a multi-year, award-winning Community Development Financial Institution (CDFI) and the largest Black-owned bank in the United States, is using Candescent’s extensible platform to deliver personalized digital banking experiences aimed at enhancing financial wellness and keeping pace with the fast-changing needs of its customers. OneUnited Bank and Candescent continue building on their longstanding collaboration to provide a seamless user experience and engaging digital solutions...

COVU Acquires Mitchell Insurance in Sixth Growth Deal

COVU, Inc., the leader in AI-native customer servicing for the insurance industry, today announced the acquisition of Mitchell Insurance Agency, a respected family-owned business with deep roots in the California market and long-standing relationships with both commercial and personal lines clients. As COVU’s sixth acquisition in its Rolling Thunder campaign, Mitchell represents a meaningful step forward in the company’s strategy to enhance its AI-native platform through strategic partnerships with high-quality agencies—delivering more scale, reach, and flexibility for...

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