MDOTM Raises $27M Growth Equity Round Led by Expedition Growth Capital as AI Adoption Permeates the Asset and Wealth Management Industry Business Wire The funding will accelerate international expansion and hiring across AI research, engineering, product, sales and client solutions Sphere, MDOTM’s AI investment platform, now supports more than $100 billion in assets across 60+ financial institutions, including Morgan Stanley, Amundi and Zurich Bank With fee compression and demand for personalization rising, firms are adopting Sphere to manage thousands of portfolios at scale
Algoma Central Corporation Announces Refinancing of Long-Term Debt Business Wire Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading provider of marine transportation services, today announced that it has completed an amendment and expansion of its senior secured financing facilities. Proceeds from the expanded financing facilities will be used to repay the Bank Revolver (as defined below), to finance the Company’s investment opportunities, and [...]
Sainsbury’s boss urges Burnham to cut energy costs and ‘focus on growth’ Retail The boss of Sainsbury’s has urged the next prime minister to address rising energy costs as food inflation continues to concern shoppers. The boss of the UK’s second-largest grocer repeated his earlier calls for the Treasury to engage with the food industry to assist with rising costs following the war in the Middle East. His [...]
Nolana Named as Finalist and Runner-Up at ILC ClaimsTech – The Pitch 2026 in London June 30, 2026 Nolana AI, the developer of an agentic artificial intelligence operating system for insurance operations, was recognized as a finalist and runner-up at the annual ClaimsTech – The Pitch 2026 live final. The event took place at Kennedys in central London on June 18, 2026. Organised by ILC I Love Claims, the competition showcases emerging innovative [...]
Endava Partners with Wiz to Deliver Integrated Cloud Security for Enterprise AI Adoption June 30, 2026 Endava (NYSE ‘DAVA’), the technology-driven business transformation group whose AI-native approach combines cutting edge technology with deep industry expertise, today announced a collaboration with Wiz, the leading cloud and AI security platform that is now part of Google Cloud. Building on Endava’s status as both a Google Cloud Premier Partner and Google Security Partner, Endava [...]
European Insurers Rethink BPO for AI Era June 30, 2026 Life and retirement insurers seek resilient, AI-ready operations as compliance, service stability and modernization needs grow, ISG Provider Lens® report says
Carbon Announces Signing of Significant Growth Equity Investment from FTV Capital June 30, 2026 The investment will accelerate Carbon's growth in delegated authority underwriting by helping to scale its market-leading data and analytics platform, Graphene, and supporting expansion into new markets, including across the US
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
A meeting with the breakfast king of Mayfair June 29, 2026 He’s a life insurance salesman who dines at Claridge’s thrice daily. Anna Moloney meets the breakfast king of Mayfair.
Capco Recognized by OpenAI for Innovation and Responsible AI Leadership June 26, 2026 Receives AI Governance & Risk Excellence Award at OpenAI Partner Summit Capco’s UK AI Lab wins OpenAI Codex Hackathon