Breaking News
Singapore Life Pte. Ltd. raises US$50 million in Singapore’s Growing InsurTech Market
Singapore Life Pte. Ltd. has raised US$50 million in a Series A funding round, with investments from HKEx-listed integrated financial technology group Credit China FinTech Holdings Limited (Credit China FinTech) through its subsidiary Impact Capital Holdings Limited, and UK-based investment firm IPGL Limited (IPGL). This is the largest ever Series A funding round by a Singapore-based InsurTech company.
Singapore Life is founded on the belief that the financial services industry can be enhanced and made more efficient by tapping on the latest innovative technologies to create a better experience when it comes to delivering financial solutions.
Mr Walter de Oude, Chief Executive Officer, Singapore Life, said: “Credit China FinTech and IPGL bring the best of technology-led business success in support of Singapore Life’s long term strategy. They are experienced trailblazers in fintech and committed to Singapore Life’s long term development and capital needs. Having the support of these strong international shareholders attests to the strong confidence in Singapore Life’s strategy, and in Singapore as a financial centre and a destination for global investment.”
Mr Ray Ferguson, Chairman of the Board of Singapore Life, said: “Singapore Life is born from Singapore’s “Smart Financial Centre” vision – demonstrating how innovation can be pervasive and technology used widely for the benefit of all.”
“Singapore Life brings 21‘st century technology together with a very strong customer proposition, innovative distribution, cost effective product, and a fantastic brand. This, together with a very high quality global shareholder group who is committed to the best practice governance, makes a compelling proposition. We look forward to supporting the journey ahead,” said Mr Mark Richards, Chief Executive Officer of IPGL Limited.
- Cathay Pacific Expands Global Partnership with Adyen Read more
- MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector Read more
- Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting Read more
- CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund Read more
- Pro Global Scales Latin American Hub as Hybrid Model Accelerates Latin America Growth Read more
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Stablecoin Settlement Models Face Compliance and Partner Hurdles, Finds Clear Junction
Nearly half (47%) of payments and remittance firms say compliance requirements are their biggest operational pressure, according to new poll findings from Clear Junction, a global provider of cross-border payments and banking services infrastructure for licensed financial institutions.
Montrose First in Europe to Let Customers Connect Their Portfolio to Their Own AI Interface
Montrose is now the first platform in Europe to let customers connect their stock and fund portfolio to their own AI interface. This means you can ask your AI tool questions about your portfolio, get insights based on your actual holdings, follow relevant news, and prepare trades – always with the customer’s approval and full control.
Finance Leaders Cautious About AI Despite Recognising Productivity Benefits, New Research Reveals
Finance professionals recognise the potential of artificial intelligence to transform their work, but many remain cautious about allowing the technology to operate without human oversight, according to new research commissioned by cloud accounting platform AccountsIQ.
Cathay Pacific Expands Global Partnership with Adyen
Adyen announced the expansion of its longstanding partnership with Cathay Pacific with Adyen now providing direct acquiring services for the airline
MAS Partners Industry to Develop AI Risk Management Toolkit for the Financial Sector
MAS announced the successful conclusion of phase two of Project MindForge[1], which culminates in the publication of an AI Risk Management Toolkit for the financial services sector
Novidea Releases Updated Version of Its Insurance Management Platform with Significant Enhancements Across Policy Administration, Bordereaux, Claims and Accounting
Novidea announced its latest product release which will enable users to reduce manual rework, improve data integrity, and accelerate high-volume processing
CV5 Capital and Formatnull Investment Management Prepares Launch Cayman-Domiciled Digital Asset Hedge Fund
CV5 Capital and Formatnull Investment Management Ltd are pleased to announce the launch of the Formatnull Digital Asset Fund SP, a Cayman Islands-domiciled digital asset hedge fund established on the CV5 Digital platform
Pro Global Scales Latin American Hub as Hybrid Model Accelerates Latin America Growth
Pro Global is accelerating its expansion in Latin America, with investment in its regional head office in Argentina as both international and domestic carriers
Dext Launches AI Assist to Automate Everyday Bookkeeping Decisions
Dext today announces Dext AI Assist, a new AI agent designed to help accountants, bookkeepers and finance teams automate everyday bookkeeping
Equifax Launches Free App to Help Consumers Find Old or Missing Paperwork in Time for the FCA’s Redress Scheme
For consumers looking for previous car finance agreements, Equifax has released its new, free myEquifax app, which includes a free car finance checker tool