In the news this week, one to watch: Data science Fintech, Incited appoints new CFO to drive growth/funding.
Welcome to The Digital Eye, your weekly roundup of the latest technology news.
Our team of experts have scoured the internet for the most exciting and informative articles so that you can stay up-to-date on all things digital, data, blockchain, AI & analytics. This week’s the Top Reads:
- ONE TO WATCH: Data science Fintech Incited appoints new CFO to drive growth/funding
- Marshmallow, a genuinely unusual tech unicorn, rides the insurtech boom
- ONE TO WATCH: Insurify, a ‘virtual insurance agent,’ raises $100M Series B
- New Global AIFinTech100 Recognises Tech Companies Using Artificial Intelligence To Transform Financial Services
- Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
Bonus Article:
- “Focus on the people, not technology.”
We hope you find this information valuable and would appreciate your help in sharing it with others who may also be interested.
Fintech appoints a new CFO to drive growth.
ONE TO WATCH: Data science Fintech Incited appoints new CFO to drive growth/funding
👁️🗨️ Read Article
“We are delighted to announce the appointment of David Blake to Incited as Chief Financial Officer. David brings a wealth of experience to the company from his extensive career in Corporate Finance as a CFO overseeing significant growth, funding, acquisition, and transformation in Insurance, Telco and Online sectors. In addition to being a solid finance professional, David has also worked with data teams to create advanced models for customer lifetime value, predicting and reducing churn, and recommending the following best action for Telco and other industries. As we move into the next exciting chapter of our development, David is an excellent fit and welcome addition to the Incited Senior Leadership team.”
shared by Incited
Marshmallow, a genuinely unusual tech unicorn, rides the insurtech boom.
Marshmallow, a genuinely unusual tech unicorn, rides the insurtech boom.
👁️🗨️ Read Article
“Marshmallow has become the latest insurtech startup to achieve unicorn status after securing an $85m Series B raise at a $1.25bn valuation. The cash injection comes amid an explosion of insurtech funding during the pandemic. Investors supporting the round included Passion Capital, Investec Bank and Scor. Marshmallow’s billion-plus valuation isn’t the first for the sector: motor insurer Zego claimed its own unicorn bragging rights in March, and these are not the only insurtechs enjoying the success of late.
Depending on who you ask, insurtech startups globally secured between $6.2bn and $7.1bn of investment last year. GlobalData’s Technology Intelligence Centre recorded 225 venture financing, private equity, debt offering and equity offering deals in the insurance industry worth a total of $11.2bn in 2020.”
shared by @VerdictUK
ONE TO WATCH: Insurify, a ‘virtual insurance agent,’ raises $100M Series B
“It is time to bring the frictionless purchasing experience that customers expect to the insurance space.”
👁️🗨️ Read Article
“How many of us have not switched insurance carriers because we don’t want to deal with the hassle of comparison shopping?
A lot, I’d bet. Today, Insurify, a startup that wants to help make it easier for people to get better rates on home, auto and life insurance, announced that it had closed $100 million in an “oversubscribed” Series B funding round. Led by Motive Partners.”
shared by @TechCrunch
New Global AIFinTech100 Recognises Tech Companies Using Artificial Intelligence To Transform Financial Services
Include: @ACTICO_de @BehavioSec. @Earnix_Inc @muinmosPASS @Quantiphi
Back view of businesswoman looking at creative AI letters on concrete wall. Artificial intelligence and think concept
👁️🗨️ Read Article
“The world’s most innovative solution providers developing artificial intelligence (AI) and machine learning technologies to solve challenges or improve efficiency in financial services were named today on the AIFinTech100 list. LONDON, Sept. 7, 2021 /PRNewswire/ — The use of AI and data analytics has grown hugely over the last few years as financial institutions look to unlock new revenue growth opportunities, minimise operating expenses, and automate manually intensive processes by digitising their operations. The rate of AI adoption in areas such as fraud detection, personal finance, customer communications and insurance has further accelerated during the pandemic as financial services organisations have been compelled to meet the digital service demands of customers and the digital needs of employees. Working from home.” shared by @Yahoo
Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent
“The company uses AI, and machine learning-based technology underwrites its motor insurance and employee health benefits products.”
👁️🗨️ Read Article
“Sunday, an insurtech startup based in Bangkok, announced it has raised a $45 million Series B. Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Granite Oak, Quona Capital, Aflac Ventures and Z Venture Capital. The company says the round was oversubscribed and that it doubled its revenue growth in 2020. Founded in 2017, Sunday describes itself as a “full-stack” insurtech, which means it handles everything from underwriting to distribution of its policies. Its products currently include motor and travel insurance policies that can be purchased online and Sunday Health for Business, a healthcare coverage program for employers. Sunday also offers subscription-based smartphone plans through partners.”
shared by @TechCrunch
Bonus Article
“Focus on the people, not technology.”
👁️🗨️ Read Article
“Over 80 CIOs from the world’s leading organisations gathered at the Evanta, a Gartner Company UK & Ireland CIO Executive Summit today to learn and network with each other.
A rare occasion for like-minded leaders to share their insights, lessons learned (perils and pitfalls), and experiences with each other in-person
“One of those sessions I couldn’t make notes in because it was so interesting and so packed with value & nuggets of wisdom.”
“Helpful to hear this real-life experience and some good actionable takeaways.”
“Excellent session, very inspiring and delivered with passion. Good insight which can be taken forward into my business.”
The DiGITAL EYE