InsurTech

Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.

The final rules of the EU’s Revised Payment Service Directive (PSD2) snap into action in September. Now Kaleyra, an in-mobile messaging service for banks and companies, and Epiphany, a RegTech startup specializing in PSD2 compliance have joined forces to ensure financial services businesses can comply with the changes.

Avaloq, the FinTech company, has integrated Chicago-based OneSpan, the enterprise offering a cloud-based anti-fraud platform, into its cloud-based banking platform.

Polaris Partners, a buyout firm which has backed promising fintech startups in recent years, has launched its ninth flagship vehicle.

Artificial intelligence and blockchain-supported InsurTech BlockClaim has raised £500,000 in its seed funding round.

Digital insurance software provider Vertafore has acquired VUE Software to establish a more powerful insurance distribution management platform.

Compliance and regulatory management business RegEd is set to be bought out by PE house Gryphon Investors.

REG, an online due diligence and regulatory compliance platform, has been selected by insurance giant Lloyd’s to assist in recording data and to help reduce the administrative burden on UK coverholders.

FRISS, a provider of analytics software for fraud, risk and compliance to P&C insurers, has closed a €15m Series A funding round.

Oslo-based InsurTech startup Tribe has landed a new investment from BearingPoint as a part of the European consultancy’s venture efforts.