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Moneyhub and Money Squirrel Join Forces to Revolutionize Open Banking Solutions for SMEs
Moneyhub has partnered with Money Squirrel to enhance the latter’s new app aimed at improving financial management for small and medium-sized enterprises (SMEs). This collaboration focuses on integrating Open Banking technology, which can help SMEs automate savings and manage VAT payments more efficiently. Despite the challenges many SMEs face with outdated financial systems, this partnership seeks to leverage Open Banking data to drive financial efficiencies. Both companies emphasize the importance of this collaboration in simplifying financial management and promoting growth opportunities for smaller businesses, highlighting the potential of Open Banking to transform the financial landscape for SMEs.
SustainoMetric Launches AI-Driven Supply Chain Due Diligence Solution to Combat Global Trade Disruptions
Sustainability Due Diligence has launched a Supply Chain Due Diligence service to help businesses address challenges in global trade, including rising geopolitical tensions, trade tariffs, and complex supply chains. Developed by SustainoMetric, this platform combines AI technology and human analysis to provide tailored insights for managing operational, regulatory, and reputational risks. It specifically targets small and mid-cap organizations, offering features such as identifying high-risk suppliers, monitoring compliance, supporting supplier engagement, and benchmarking performance. Mohit Agarwal, SustainoMetric’s Director of Innovation and Strategy, emphasizes the importance of resilience in supply chains amid ongoing global trade conflicts.
Klarna Teams Up with JPMorgan to Revolutionize BNPL Services for Merchants
Klarna, a prominent Swedish Buy Now Pay Later (BNPL) provider, has partnered with JPMorgan Payments to integrate its flexible financing solutions into JPMorgan’s merchant services, enhancing payment options for both consumers and merchants. This collaboration aims to improve customer experience and boost sales through interest-free BNPL options and flexible payment plans. Klarna, which has expanded beyond BNPL into a comprehensive shopping ecosystem, joins JPMorgan’s Partner Network, facilitating access to diverse payment solutions. As Klarna prepares for an IPO in April, this partnership could enhance its appeal to investors, showcasing its growth in the mainstream financial landscape.
Sapiens Unveils UnderwritingPro v14: Revolutionizing Life Insurance with AI-Driven Automation
Sapiens International Corporation has launched Sapiens UnderwritingPro v14, a cutting-edge automated underwriting platform for life and annuities insurers. This updated version incorporates advanced automation and AI technology to improve operational efficiency and streamline underwriting processes. Key features include AI-powered predictive analytics, an enhanced agent communication portal, configurable automation tools, and seamless deployment capabilities. Roni Al-Dor, President and CEO, highlights the company’s commitment to innovation based on user feedback and industry trends. The platform aims to enhance the speed, accuracy, and overall management of underwriting decisions, positioning insurers to deliver superior service and maintain a competitive edge.
Coalition Lands $30M Investment from MS&AD to Boost Active Insurance Services
Coalition, a cybersecurity insurance firm, has secured a $30 million equity investment from Mitsui Sumitomo Insurance (MSI), enhancing their partnership aimed at expanding global access to cyber insurance. This collaboration combines Coalition’s Active Insurance model, which includes proactive risk management tools and the Coalition Control® platform, with MSI’s extensive insurance capabilities. The funding will support MSI’s market expansion and strengthen their equity stake in Coalition. Both companies aim to innovate in the cyber insurance sector, providing businesses with enhanced protection and risk mitigation strategies in a digital landscape.