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InsuranceDekho Raises $70M in Funding as Beams Fintech Fund Boosts Investment Commitment
Beams Fintech Fund has announced a $70 million funding round for its portfolio company, InsuranceDekho, co-led by Mitsubishi UFJ Financial Group and BNP Paribas Cardif. Founded in 2017, InsuranceDekho is revolutionizing insurance distribution in India with AI-driven technology, serving over 10.2 million customers and offering more than 720 insurance products. The firm has partnered with 220,000 distributors and 49 insurance providers, issuing 21 new policies every minute. Beams Fintech Fund’s founder, Sagar Agarvwal, expressed confidence in InsuranceDekho’s growth, while CEO Ankit Agrawal highlighted the funding’s potential to enhance their technology and expand their reach in the market.
Lightkeeper Secures Strategic Growth Investment from PSG to Propel Innovation Forward
Lightkeeper, a data analytics and risk management provider for investment managers, has secured a growth investment from PSG, which will boost its expansion and innovation. Dean Schaffer, a senior advisor at PSG, has been appointed as CEO, while co-founder Danny Dias transitions to Chief Product Officer. This partnership aims to accelerate product development and enhance the Portfolio Intelligence platform. Lightkeeper’s offerings include a centralized platform for actionable insights, custom queries, and data visualization, along with an Idea Analytics Software for tracking investment ideas. Schaffer emphasizes the importance of data-driven decisions in today’s financial markets.
Revolutionizing WealthTech: Allfunds Unveils Cutting-Edge AI Tool for Financial Advisors
Allfunds has launched Nextportfolio 4, a major upgrade enhancing its subscription services for wealth managers, advisors, and portfolio managers. This version leverages advanced AI technology to offer personalized, real-time insights, enabling swift adjustments to client strategies. Key features include an AI-Driven Analysis Module, Portfolio Health Engine, Intelligent Alerts, and a robust central hub to improve workflow and client engagement. Emphasizing operational efficiency, Nextportfolio 4 reduces manual tasks while supporting ESG investments. Developed with client feedback, it reflects Allfunds’ commitment to innovation in the evolving wealth management landscape, aiming to transform portfolio challenges into competitive advantages.
Commvault Welcomes New Chief Information Officer to Drive Innovation and Strategy
Commvault has appointed Ha Hoang as its new Chief Information Officer (CIO) to bolster its focus on innovative cloud and AI technologies. With over 25 years of experience in enterprise technology for Fortune 500 companies, Hoang’s expertise includes cloud strategy and infrastructure operations. As CIO, she will oversee advancements in cloud solutions, enhance security protocols, and implement AI innovations, collaborating closely with engineering and product teams. Previously, Hoang served as Group Vice President of Cloud Engineering at UKG and held leadership roles at McKinsey & Company and Wipro. She holds a degree from California State University, East Bay.
Transforming Corporate Sustainability Reporting: How the EU’s Omnibus Approach is Leading the Change
The European Commission announced updates to the EU’s sustainability reporting regulations on February 26, 2025, enhancing compliance and transparency. Key changes focus on the Corporate Sustainability Reporting Directive (CSRD), affecting companies with over 1,000 employees or significant financial thresholds. Large firms must collect Environmental, Social, and Governance (ESG) data from suppliers and adopt a new standardized reporting model. Reporting deadlines may be extended by two years for certain firms. Non-EU entities will also need to comply. Businesses are advised to proactively manage sustainability indicators and integrate non-financial data for strategic growth and resilience.
Fana Sparebank Partners with Tietoevry Banking for a Five-Year Digital Transformation Journey
Fana Sparebank has partnered with Tietoevry Banking for a five-year strategic collaboration to modernize its banking operations. The partnership aims to enhance digital capabilities through an integrated technology platform set to launch by April 1, 2025. Key solutions will include core banking systems, payments and card services, and tools for financial crime prevention. This initiative will improve customer experience with expanded mobile and self-service options for better loan management and user-friendly digital interactions. Tietoevry will ensure the new core banking system meets Norway’s regulatory standards, providing high operational reliability and advanced analytics capabilities.