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15 Years of Accelerating Business Growth: FinTech Innovation Lab New York Releases Latest Cohort

The Fintech Times

Looking to help firms through in-depth engagement from top financial services and venture capital executives, this year, many of the selected participants have focused on agentic AI applications.

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Allianz Trade and BPL Look to Free up Time for Underwriters With Enhanced Standardisation

The Fintech Times

European insurer, Allianz Trade , is collaborating with BPL , a specialist credit and political risk insurance (CPRI) broker, to improve how underwriters and brokers share enquiry data using Application Programming Interface (API) integration via the independent digital trading platform Whitespace , a Verisk subsidiary.

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Marqeta Becomes First Issuer Processor in the US Certified to Enable Visa Flexible Credential

Fintech Finance

Marqeta achieved certification with Visa Flexible Credential in May 2024, which will enable cardholders of Marqeta’s participating customers to easily set parameters or choose whether they use debit, credit, “pay-in-four” with Buy Now, Pay Later or even pay using rewards points. with Affirm later this year.

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Investors Back B2B Startups With An Eye On SMB Finance

PYMNTS

Some startups focused on data aggregation to expand underwriting capabilities, while others operate platforms to facilitate financing. Made up of equity and debt, the investment was led by Tribe Capital, and existing backers Struck Capital, Y Combinator and angel investors also participated in the Series A investment. Aye Finance.

B2B 115
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Insurtech Outlook: How Can Insurance Firms Best Prepare for the Future?

The Fintech Times

AI, automation, and embedded insurance are just some of the technologies driving change in everything from underwriting and claims to customer engagement, leading many industry firms and leaders to rethink their approach. To find out, we once again asked industry participants for their views. Here’s what they had to say.

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Stablecoin Issuer Circle Launches IPO to Raise US$624 Million

Fintech News

Underwriters have a 30-day option to purchase up to 3.6 Morgan, Citigroup, and Goldman Sachs are joint lead bookrunners for the IPO, with participation from other financial institutions. The company is offering 9.6 million shares, while existing shareholders are selling 14.4 million additional shares.

Issuers 82
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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. As of 2023, 113 accredited third-party providers (TPPs) were participating, with adoption growing across banks and fintechs.

Finance 88