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Top fintech stories this week – 13 October 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Lemonade platform now “open to the world” with API

Lemonade

“We’re opening up the Lemonade platform to the world!” says Shai Wininger, co-founder of Lemonade, a US-based insurtech firm.

Aviva acquires majority stake in Wealthify

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UK based insurer Aviva confirms that it’s acquired a majority stake in robo advisor, Wealthify.

Snapsheet and KeyBank form virtual duet for insurance claims

KeyBank

Snapsheet, a virtual claims insurtech provider, is partnering with KeyBank for the launch of Snapsheet Transactions, a payment solution for insurance claims. Instead of insurance carriers sending claimants a cheque in the mail once a claim is settled, Snapsheet Transactions provides carriers a hub for issuing claims and expense payments. CJ Przybyl, president of Snapsheet, […]

UK insurtech start-up Nimbla seeks SME market shake-up

Nimbla logo

Nimbla, a London-based insurtech start-up, has launched a platform offering UK SMEs credit control and single invoice insurance using cloud accounting, as well as underwriting rules agreed upon by Munich Re’s new business unit Digital Partners. The firm says it is looking to tap into the UK’s SME market that has a reported £5.8 billion […]

European Commission plans reform to get fintech to perform

European Commission

The European Commission (EC) is proposing reforms to pave the way for further financial integration and a full capital markets union – with a handy boost to fintech included. President Jean-Claude Juncker, in his State of the Union Address, underlined the importance of the capital markets union and the EC’s plan to “promote jobs, growth […]

Ex-Barclays CEO’s start-up gets backing from China’s Ping An

10x logo

10X Future Technologies, the start-up founded by ex-Barclays CEO Antony Jenkins last year, will announce this week that it has raised more than £30 million in funding from ‎Ping An Insurance and management consulting firm Oliver Wyman, according to Sky News. The deal will speed up 10X’s expansion, and is good news for Jenkins’ ambitions. […]

Startupbootcamp InsurTech seeks storming start-ups

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London-based accelerator Startupbootcamp InsurTech is on the search for the next wave of insurance-inspired start-ups to “take the industry by storm”. Startupbootcamp InsurTech says the process of searching for and purchasing something on Amazon or booking peer-reviewed accommodations in a different country at the touch of a finger, condition people to “expect this fluidity and […]

Fintech funding round-up: 6 September 2017

funding

Wake me up when September sends a fintech funding round-up. Features Deutsche Börse, RegTek.Solutions, Finaeo and Now Money. Deutsche Börse and Illuminate Financial Management have co-led in a $5 million Series A funding round in RegTek.Solutions, a regulatory reporting solutions provider. As reported last month, the Regulatory Reporting Hub of Deutsche Börse launched a partnership […]

Google chases down Apple with ARCore launch

Google goes IoT

Google has responded strongly to Apple’s front-running approach to augmented reality (AR) with the launch of a new AR platform, reports Telecoms.com (Banking Technology‘s sister publication). ARCore is the Android equivalent to the Apple ARKit; in short, an AR reality platform for developers. It’s not the first time Google has had a crack at the […]

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