With customer satisfaction dropping and nearly one-third of policyholders switching providers in the past year, the insurance industry is under pressure. In this month’s “Money Mobility Tracker®,” insiders explain how fully digitizing the claims process can speed payouts to give insurers a competitive edge.
A challenging economic landscape is putting pressure on the insurance industry. From companies providing automobile coverage to those offering home insurance, the industry is expected to have low premium income growth in 2023 and beyond, according to a report from EY. The premiums for non-life...
Money moves from a consumer to a business and often there’s a use case in which that needs to move back out whether as refunds, withdrawals and disbursements, said Kiaan Pillay, co-founder and CEO of South Africa-based FinTech firm Stitch. To help simplify that two-way...
In today’s top Europe, Middle East and Africa news, the European Parliament and member states have reached an agreement on the Digital Services Act, and Paysend co-founder and CEO Ronnie Millar said moving money should be as easy as sending a text. Plus, Zimbabwe President...
January 25, 2023
A challenging economic landscape is putting pressure on the insurance industry. From companies providing automobile coverage to those offering home insurance, the industry is expected to have low premium income growth in 2023 and beyond, according to a report from EY. The premiums for non-life insurance, for example, are expected to grow just 1.5% in […]
August 04, 2022
Money moves from a consumer to a business and often there’s a use case in which that needs to move back out whether as refunds, withdrawals and disbursements, said Kiaan...
October 03, 2023
South African payments infrastructure Stitch has raised $25 million in a Series A extension. The round, announced Tuesday (Oct. 3), was led by Ribbit Capital and brings Stitch’s total funding to $52 million, the company said in a news release provided to PYMNTS. Joining the round were existing investors including PayPal Ventures, The Raba Partnership […]
April 25, 2022
South African API infrastructure startup Stitch has launched LinkPay, which the company bill as its “core payments product.” According to a Monday (April 25) announcement, LinkPay “is the first payments...
February 14, 2022
South African API infrastructure startup Stitch raised $21 million in a Series A funding round to help accelerate the expansion of Africa’s rapidly growing FinTech sector, according to a press...
