The financial safety of aging customers has become an increasing concern in recent years, with scams and money mistakes targeting this vulnerable group. In response to this pressing issue, Carefull, an AI-powered financial safety platform, has raised an impressive $16.5 million in a Series A round. This significant funding will enable Carefull to expand its reach and further develop its
In a bid to address the growing need for financial advice and planning support, Wells Fargo has announced the expansion of its digital platform to help people plan and track their money to all consumer customers. With the widespread importance of financial management becoming increasingly evident, the move reflects Wells Fargo’s commitment to delivering personalized and digital-first financial solutions. Expansion
India-based insurtech firm InsuranceDekho recently secured $60 million in Series B funding, a combination of equity and debt capital. This funding round aims to propel the company’s growth and expand its market presence. Led by Eurazeo, Mitsubishi UFJ Financial Group, and Beams Fintech Fund, this investment comes as InsuranceDekho seeks to supercharge its operations and revolutionize the insurance sector in
French InsurTech company Orus has recently announced that it has raised €11m in a Series A funding round, led by Notion Capital and VR Ventures/Redstone. The funding will be instrumental in Orus’s mission to provide modular insurance solutions tailored for SMBs (small and medium-sized businesses) across the European market. Orus’s Modular Insurance Solutions for SMBs Orus has built a reputation
Zilch, a leading financial technology company, has made waves in the industry by introducing a groundbreaking product aimed at empowering individuals who are traditionally excluded from mainstream credit. With this innovative offering, Zilch provides millions of people with the opportunity to build their financial profiles securely, responsibly, and without incurring any interest charges. Zilch Up, as it is called, not
In a significant stride towards advancing liquid cooling technology, JetCool, a leader in microconvective cooling technology, has successfully raised $17 million in a Series A funding round. The investment was led by Bosch Ventures, a prominent venture capital firm, with participation from In-Q-Tel, Raptor Group, and Schooner Capital. The substantial funding will help JetCool further develop its innovative cooling solutions,
Intel’s highly anticipated Arc A580 graphics card has faced delays in its release as the company prioritized addressing driver issues following the launch of the A700-series cards. The delay allowed the Arc team sufficient time to fix these issues before adding another product to their lineup. Improvements in driver and legacy API performance Intel has made significant strides in improving
Blockchain technology continues to disrupt traditional financial systems, and JPMorgan is at the forefront of this revolution, leveraging its potential to transform money market fund shares into tokens. By taking this innovative step, JPMorgan aims to address the industry’s longstanding need for seamless transfer of collateral ownership. With its Tokenized Collateral Network (TCN) application, JPMorgan is enabling the tokenized ownership
Pegasystems Inc. (NASDAQ: PEGA), a leading provider of low-code platforms, has unveiled the Pega Financial Crime and Alerts Investigation Management Accelerator. This innovative solution aims to assist financial institutions in effectively managing the growing number of risk alerts and streamlining investigations, leveraging Pega’s intelligent automation, case management capabilities, and groundbreaking generative AI-powered features. Problem Statement Financial institutions face a mounting
In today’s rapidly evolving financial landscape, embedded finance has emerged as a powerful tool for banks to unlock new revenue streams. By seamlessly integrating financial services into non-financial platforms, banks can tap into a vast customer base and offer convenient and tailored solutions. However, adopting an effective embedded finance strategy requires a comprehensive understanding of capabilities and a commitment to
In a significant move to enhance financial inclusion for Colombians, TerraPay, a global payments network, has partnered with Bancolombia, a prominent remittance organization in Colombia. This collaboration aims to streamline and maximize remittance flows to benefit individuals and contribute to the country’s economic growth. TerraPay’s Global Reach With an extensive global network, TerraPay has established itself as a leading player
BlackRock, the world’s largest asset manager, continues to make strategic investments in the financial technology sector. In its latest move, the company has joined the €30 million funding round of German fintech Upvest, aiming to leverage the growing trend of digital wealth management in Europe. By participating in Upvest’s funding round, BlackRock intends to attract more retail investors to the
