Klarna confirms mammoth $1 billion fund raise
Buy now, pay later giant Klarna has confirmed a $1 billion funding round, valuing the Swedish firm at $31 billion.
Swift Operations Forum Europe 2019, Amsterdam – Day 1 report
Financial services innovation and how industry participants can keep up with ecosystem culture were two of the key themes on day 1 of the Swift Operations Forum Europe (SOFE) 2019.
Nets and SoftPay get 7-Eleven back on track after ransomware attack
Nordic payments operator Nets and Softpay equipped all 7-Eleven stores across Denmark with emergency tap-to-pay SoftPOS kit the day after the chain’s payments and checkout terminals were knocked out by a cyberattack.
AI fintech Optasia lists in South Africa
UAE-based Optasia, a AI-powered fintech, has listed on the Johannesburg Stock Exchange (JSE) in one of the country’s biggest IPOs in recent years.
Climate scientist removed from job to file whistleblower complaint
Catastrophe Modeling, Disaster Management, Employment Practices, Regulation Alliant Insurance
Derek White swaps Google Cloud for Galileo
After less than a year as head of Google Cloud’s FS business, Derek White is joining SoFi-owned API and payments platform Galileo as CEO.
Inside HDFS’ $632M ABS issuance (Big Wheels)
Harley-Davidson Financial Services returned to the asset-backed securitization market in September with its second motorcycle issuance of the year. Harley-Davidson…
FloodFlash expands parametric product to a further 10 US states
FloodFlash has expanded its offering, with Delaware, Iowa, Missouri, New Jersey, New York, Oregon, South Carolina, Washington, Vermont and Massachusetts now having unrestricted access to its parametric product.
Baldwin reports 9% hike in Q1 revenue, strong organic growth
Agents and Brokers, Construction, Financial Results, Reinsurance, Technology
700Credit rolls out latest fraud-prevention tool
Executives from 700Credit recently released QuickScan, a mobile document verification and fraud detection platform that can provide dealerships with real-time confirmation of the legitimacy of a customer’s driver’s license and identity. The provider of credit, compliance, soft pulls and identity … [Read More]
Credit unions see leasing uptick
Credit unions are seeing an uptick in leasing activity this year as consumers continue to grapple with affordability. Leasing volume…
CAC originations fall 16.5%
Credit Acceptance Corp.’s originations decreased in the third quarter as the subprime lender faces increased competition and worse-than-expected loan performance. …
Reinsurers to absorb bulk of $2bn+ Ever Given claims, says SCOR
A majority share of more than $2 billion in claims is the potential sum reinsurers will absorb from the losses caused by the blocking of the Suez Canal because of the lodging of the Ever Given, according to global reinsurer SCOR.
Goalsetter raises $9.6m to help families build wealth
Goalsetter a US financial education platform focused on helping families learn how to spend, save and invest, has raised $9.6 million in a Series A extension round.
Euler ILS Partners names Alexander Loosley as Head of Capital Formation
Euler ILS Partners, a Swiss-based alternative asset manager specialising in insurance-linked strategies (ILS), has appointed Alexander Loosley to its Executive Board as the new Head of Capital Formation, pending approval.