Ruby Re, Reinsurance Group of America’s (RGA) third-party life reinsurance sidecar, has now raised a total of $480 million in capital following the close of its second funding round, which is near the upper limit of the $400 million to $500 million target range for the Missouri-domiciled vehicle.Launched in December 2023 with backing from a … Read more
Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the news that digital estate planning platform Wealth.com has raised … Read more
The software supply chain faces threats from all sides. A 2024 report by the Ponemon Institute found that over half of organizations have experienced a software supply chain attack, with 54% having experienced one within the past year. Supply chain attacks typically target services from third-party vendors or open source software that make up a … Read more
As the volume of cyberattacks grows, there’s increasing interest from the corporate sector in tech to help automate responses to breaches. Per a 2023 survey from analytics firm Devo, 80% of security leaders expected expanded investments in security automation technology this year; most cited the tech’s potential to support cyber-threat mitigation. Projections say that the market for … Read more
Silver Spring, MD, Sept.12, 2024, CyberNewsWire –– Aembit, the main non-human identification and entry administration (IAM) firm, has secured $25 million in Sequence A funding, bringing its whole capital raised to almost $45 million. Acrew Capital led the spherical, with participation from current traders Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund. Aembit’s … Read more
