Vitesse has completed a $93 million Series C funding round aimed at growing its treasury and payment solutions for the insurance industry. The company will use the new funding to support its expansion in the United States and to further its product development, adding more connectivity...
The auto insurance claims and collision repair industries are increasingly adopting artificial intelligence (AI)-powered solutions to streamline their operations. Eleven percent year-over-year growth in the first quarter at CCC Intelligent Solutions, a cloud platform for the property and casualty (P&C) insurance industry, was largely driven by customers’...
In the age of smartphones and instant access to information, it’s no surprise that even the most traditional industries are undergoing a digital makeover. The insurance sector, once synonymous with stacks of paperwork and lengthy meetings with agents to get quotes, is no different. Today,...
The generation gap does not make headlines as much as it used to, but one way in which it has unquestionably widened in recent years is through the rapid advancement of technology. The youngest adults today have never known a world without the internet, social...
August 14, 2024
Supply and demand is the eternal balancing act in economics, and in payments, too. Drew Edwards, CEO of Ingo Payments, noted to Karen Webster that there’s been a 7% increase, year over year, as determined jointly by Ingo and PYMNTS Intelligence, in instant payments used as a disbursement option in the insurance industry. Overall, 33% […]
November 02, 2023
Generation Z and millennials have different insurance needs from their elders, yet they are already a market force to be reckoned with. More than 60% plan to purchase one or...
October 12, 2023
Real-time payments are becoming a major player across industries. Large retail, manufacturing and insurance firms recognize the significance of real-time payments for business-to-business (B2B) operations. Notably, 81% of large retailers...
July 11, 2023
Insurance firms are increasingly embracing real-time payments for business-to-business (B2B) transactions, viewing them as essential to success. More than two-thirds plan to increase the use of real-time payments for inbound...
May 21, 2024
Vitesse has completed a $93 million Series C funding round aimed at growing its treasury and payment solutions for the insurance industry. The company will use the new funding to support its expansion in the United States and to further its product development, adding more connectivity in the insurance value chain and expanding its payment network, […]
April 30, 2024
The auto insurance claims and collision repair industries are increasingly adopting artificial intelligence (AI)-powered solutions to streamline their operations. Eleven percent year-over-year growth in the first quarter at CCC Intelligent Solutions, a...
June 16, 2017
The insurance industry has now moved full force into the use of blockchain. In a joint announcement, American International Group Inc. (AIG), IBM and Standard Chartered Bank have shared news...
