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million funding round, offers insurance policies for companies who rely on third-party cloud providers, ecommerce services, payment gateways and CRM systems. “We’ve all felt the pain of downtime,” said co-founder and CTO Neta Rozy. Normally, when you have a pain caused by technology, you try to fix it with technology.
The average penetration rate for insurance in Africa is between 3% to 5%. South Africa makes up a large bulk of it; without it, the continent is on a 1% to 2% rate even with other developed technology and financial markets like Kenya, Nigeria and Egypt. million seed round to provide insurance services for Egyptians.
The Israel-based startup Notch is trying to see if insuring creators against Instagram hacks could offer a solution. TechCrunch reviewed a sample insurance policy, which quoted a $459 annual fee (or about $38 a month) for insurance that pays out $244 for each day that a creator can’t get into their account after a hack.
The serial entrepreneur joined activity and fitness tracking platform Strava as a co-founder in 2009 to lead engineering as CTO. Before that, Shaw helped start insurance software outfit Guidewire. And it’s just raised $15 million in Series A funding to keep growing and build out its technology. Image Credits: Inclined.
Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.
The virtual event also featured demos of EXL Code Harbor , a generative AI-powered code migration tool, and EXLs Insurance Large Language Model (LLM) , a purpose-built solution to the industrys challenges around claims adjudication and underwriting. It also delivers the best outcomes for both the insurers and the insured.
Planck co-founders (from left to right): David Schapiro, CEO Elad Tsur and CTO Amir Cohen. Planck , the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. Planck said it currently works with “dozens of commercial insurance companies in the U.S.,” business.
Fierce’s offerings include the Fierce Cash account, an FDIC-insured checking account with an annual percentage yield rate of up to 4.25%, and a debit card with access to over 55,000 fee-free ATMs. Cornish is also looking into other benefits, including insurance, personal loans and mortgages. cash back on all spending.
Co-founders Dor Eisner (CEO) and Alon Lavi (the CTO) have decades of security experience between them, starting with years working on intelligence in Israel’s defense forces. Alongside this, it’s partnering with insurance companies to provide cyber insurance to its customers.
Although HelloHero does hit some similar notes seen in other teletherapy companies (largely, leveraging clinical expertise to get therapists into schools that may not have them), its approach is very technology-focused. I asked our chieftechnologyofficer, ‘how much code do we really have?’,
Other investors included the Asian Development Bank (ADB) Ventures, PT Triputra Investindo Arya, Global Founders Capital, Trihill Capital, 1982 Ventures and Willy Swandi Dharma, former president director of insurance company PT Asuransi Adira Dinamika. More companies around the world are allowing workers to pick when they get paid.
Jim talks with Jennifer Baker, former CTO of Synovus. She shares her journey from unexpected career opportunities to becoming a trailblazing technology leader in the insurance and banking sectors, culminating in significant strides in product development, customer experience, and digital transformation.
These leaders hold key positions across a spectrum of roles, including Chief Information Officer (CIO), ChiefTechnologyOfficer (CTO), and Chief Data Officer (CDO). Their collective efforts underscore the critical importance of technology in both public and private sectors.
As a result, for IT consultants, keeping the pulse of the technology market is essential. Being a successful IT consultant requires knowing how to walk in the shoes of your IT clients and their business leaders, says Scott Buchholz,CTO of the government and public services sector practice at consulting firm Deloitte.
Examples of how host apps have used mini-apps include travel apps that added hotel, restaurant and activities bookings; and mobile wallets that integrated insurance-buying and e-commerce services. “But when we actually started developing it, we realized there is no easy way to plug in third-party services,” Rayev said.
Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. The Target theft cost the company $441 million in their fourth quarter!
Justin Giardina, CTO at 11:11 Systems, notes that the company’s dedicated compliance team is also a differentiator. And throughout all of this, we enable them to draw on the VMware assets they know and trust.“
Yet unlike his peers, Wiedenbeck’s dual roles — the top technology executive as well as the transformation lead at Ameritas — are often at odds. As chieftechnologyofficer, Wiedenbeck is driving automation and IT modernization to reduce complexity and technical debt.
India’s Niyo has raised $100 million in a new financing round as the consumer-facing neobank platform looks to add lending and insurance to its offerings and make deeper inroads in the world’s second largest internet market. Accel and Lightrock India co-led the Bengaluru-headquartered startup’s Series C financing round.
Para que las transformaciones digitales funcionen desde una perspectiva cultural, es necesario que los lderes de una organizacin adopten o fomenten el cambio, afirma Michael Corrigan, director de TI de World Insurance. Tiene que haber un liderazgo eficaz y un compromiso de los lderes empresariales y de TI, afirma Corrigan de World Insurance.
Smith, CTO at the company, has been a developer since 2012. Your average payments processing system isn’t necessarily applicable to pharmacies large and small because of the complexities of health insurance and the regulatory landscape.
In 2019, William Hockey, the cofounder of fintech business Plaid, announced that he would step down from his position as Plaid’s chieftechnologyofficer and president. Because companies need federal deposit insurance in order to access the payment system the U.S. billion, builds out its global finance network.
The research, conducted by International Data Corporation (IDC) and commissioned by SUSE surveyed 838 respondents in 11 Asia/Pacific countries across a range of industries such as financial services and insurance, telecommunications, and government. Learn more about SUSE here.
“We are bringing on Jim Inoue as our chieftechnologyofficer to oversee Little Otter’s technical growth and scale. Additionally, we’re working to become an in-network benefit covered by insurance plans and employers and will be in all 50 states by 2023.”
Brown also wrote to Tellus’s CEO and ChiefTechnologyOfficer Jeromee Johnson outlining his concerns and requested more information on their business practices. All of our cash is held at leading banks, each member FDIC insured. He said an article published early last month by Barron’s raised “several red flags.”
It also provides credit, insurance, maintenance and 24-hour support for its renters. Motto plans to use its new capital in part to hire more than 50 senior engineers, as well as a chieftechnologyofficer (CTO), adding to its current headcount of 400.
“Ensuring you have a deep understanding of your partners’ business, taking extreme ownership of challenges, and being vulnerable are all tenants of building tight partnerships,” observes Andrew Palmer, CIO for global retail markets at Liberty Mutual Insurance. Failing to align IT and business interests gradually erodes hard-earned trust. “It
startup that connects users with a registered dietitian (RD) via telehealth and helps them get their consultations covered by health insurance. Unless you seek an RD or RDN (registered dietitian nutritionist), you won’t be sure that your nutritionist is properly qualified for the job — and your insurance will not cover it.
Greywing was created in 2019 after founders Clarke and chieftechnologyofficer Hrishi Olickel met at Entrepreneurs First in Singapore. Greywing founders Hrishi Olickel and Nick Clarke.
Co-founded by Ben Thompson, its chief executive officer, and chieftechnologyofficer Dave Tong, Employment Hero is used by 6,000 businesses, with a total of 250,000 employees. Now Employment Hero has bumped up its valuation $800 million in less than six months by reaching 133% year-on- recurring revenue growth.
Open banking refers mainly to payment accounts, while open finance, Finantier’s specialty, covers a larger gamut of services, including business lending, mortgages and insurance underwriting. “People are discussing open banking, embedded finance and so on,” Rojas, Finantier’s chief executive officer, told TechCrunch.
For instance, health insurance company Alan lets you message a general practitioner — but you have to be insured by Alan. And Nabla’s co-founder and CTO Martin Raison has worked with Alexandre Lebrun at both Wit.ai Other French startups have been providing text conversations with practitioners. and Facebook.
Tal Daskal — the company’s CEO who co-founded the startup with COO Omer Shirazi and CTO Eran Shirazi — would not disclose EasySend’s valuation, but said it was five times bigger than its previous valuation. EasySend said it separately also secured $5 million in venture debt from Silicon Valley Bank. million to date.
Like other financial infrastructure companies, Stitch services allows companies and developers to innovate around other services like personal finance, lending, insurance, payments and wealth management. In 2017, Kiaan Pillay worked as the head of operations for South African insurance API platform Root. The Stitch team.
Angel investors included Rippling co-founder Prasanna Sankar; Chargebee co-founders Krish Subramanian and Rajaraman Santhanam; Freshworks chief revenue officer Sidharth Malik; Conga chieftechnologyofficer Koti Reddy; Ally.io The company is headquartered in Wilmington, Delaware, with an office in Chennai, India.
Digital assistants can also be specialized for specific needs, says Nick Rioux, co-founder and CTO of Labviva, provider of an AI-assisted purchasing solution. For product companies, understanding customer feedback is crucial,” says Aswini Thota, director of AI and data science at banking and insurance provider USAA.
Pie Insurance , which provides workers’ compensation insurance to small businesses, announced that it has completed its transition to a “rated, full-stack carrier.” Pie also expanded into commercial auto insurance as the MGA for Ford Motor Credit Company through the launch of Ford Pro Insure. The company raised $5.5
equities and options,” according to Sachin Kumar, co-founder and CTO. Prior to taking in equity investment, Clear Street says it raised debt from insurance companies and regional banks. In total, Clear Street says it has $700 million “in capital,” including its external raise. Want more fintech news in your inbox?
Founders : Alphas Sinja, Boya’s chief executive officer, has over eight years of experience in the banking and finance sectors. Robert Nyangate is the company’s CTO. What it says it does : Building Plaid for insurance in Africa. Website : [link]. Founded in : 2019. Team size : 30 . Location : Lagos, Nigeria.
“The opportunity for entrepreneurs in real estate tech across search, listings, mortgage, insurance, construction and sustainability is the kind that shows up once a generation.” Most eventually will, but like many aspects of startup operations, this gap won’t be filled until it’s absolutely necessary.
Founders: Pol Hevia (CEO), Joaquim Tresserra (CTO). The pitch: FairStreet aims to help seniors enroll in the right health insurance by providing the software platform that independent Medicare agents can use to run and scale their businesses. Founders: Virigina Folgueiro (CEO), Alejandro Quirno Lavalle (CMO), Santiago Lorenzo (CTO).
The Series C equity round is being led by ICONIQ Growth (the VC that makes later-stage investments on behalf of a number of family offices for high-profile tech leaders such as the Chan Zuckerbergs), with Transformation Capital, Felicis Ventures and SemperVirens also participating.
It was an interesting case study of global cyber impact, says Charles Clancy, CTO at Mitre. billion for Fortune 500 firms alone, according to an analysis by Parametrix, and total economic damages could run into tens of billions, Nir Perry, CEO of cyber insurance risk platform Cyberwrite, told Reuters.
Phil Dundas, CTO for Fixed Income, Prudential Global Investment Management Prudential Global Investment Management Making culture stick One of the most important rules of making culture stick is breaking down silos and creating a more holistic community of IT. “We
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