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Montreal Fintech FlexPay raises $6m from Impression Ventures and BMO Capital Partners

FlexPay delivers the world's highest AI-driven decline salvage rates for eCommerce subscription-based merchants, by pairing powerful technology with proprietary data FlexPay—which uses AI and machine-learning to help merchants recover lost revenues from declined transactions—is proud to announce they raised $6...

Nomura to acquire investment banking firm Greentech Capital Advisors

The proposed acquisition is expected to provide Nomura’s existing client base with additional access to deep domain expertise. Japanese financial firm Nomura will acquire Greentech Capital Advisors, an investment banking firm that serves clients across energy, industrial, and resource infrastructure. The...

Marsh & McLennan buys UK insurance firm JLT in $5.6bn deal

FTSE 250 insurance firm JLT has accepted a $5.6bn (£4.3bn) takeover offer from US financial services giant Marsh & McLennan. Shares in JLT, which employs more than 4,000 people in the UK, soared 32 per cent in early trading on...

Applied Systems and Indio Technologies lift lid on acquisition

Applied Systems, the world’s largest provider of insurance agency and brokerage management systems (AMS/BMS), has entered into a definitive agreement to acquire Indio Technologies, a US-based technology solution for the insurance application and renewal process. The acquisition will help Applied...

Insurtech firm Wefox gets extra $110 million to drive growth

German insurance technology firm Wefox said on it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million. The follow-on...

Hollard Partners Vivo Energy To Offer Insurance Services At Shell Fuel Stations

Ghanaians can now access insurance services at Shell fuel stations as a result of a new partnership between Hollard Insurance and oil marketing company, Vivo Energy. According to the Group CEO of Hollard Ghana, Patience Akyianu, the new partnership, dubbed...

Apple Bank looks to future with hosted core banking platform from FIS

To serve the changing needs of its customers into the future, Apple Bank wanted to modernize its existing in-house system with a modern core banking platform that would give it greater flexibility to quickly bring new products to market FIS,...

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