AXA XL has appointed Donnacha Smyth as its new Global Chief Underwriting Officer, Casualty, effective November 3. Based in Bermuda, Mr. Smyth currently serves as Head of Casualty for the Americas region. As part of his new global role, he will relocate to Ireland in 2026.

According to an AXA XL claims analysis, 88% of all incurred losses from its cyber claims over the last decade arise from claims that surpass $1 million, suggesting that a relatively small number of large claims are responsible for the majority of cyber losses.

FastSpring, the leading merchant of record (MoR) platform for global SaaS and software companies, has integrated Unified Payments Interface (UPI) in India through its partnership with EBANX, a global technology company specializing in payment services for emerging markets. This expansion gives software sellers on the FastSpring platform the ability to offer India’s most popular and widely used payment method at checkout.

MoonPay, the global leader in crypto payments, announced the acquisition of Meso, a pioneer in bridging traditional finance and crypto. The move marks a major milestone in MoonPay’s evolution to a global payments network connecting banks, card networks, stablecoins and blockchains under a unified regulatory framework, including MTLs, BitLicenses, and MiCA approval.

Trade Republic expands its services to offer access to Private Markets and will roll out two additional asset classes, each 30 days apart

The Visa Acceptance Platform is now hosted on local cloud in Saudi Arabia in alignment with SAMA

DailyPay announced it Frontline Communications solution to help employers foster an engaged and connected workplace

Afin Bank has launched its new Afin Premier mortgage proposition, specifically designed for High Net Worth borrowers

MAPFRE AM, the asset management arm of the MAPFRE Group, will begin marketing its first money market fund today

Socotra today released its MCP Server, the most mature MCP server in the insurance industry

Fraud is widespread, hard to measure and difficult to prevent, according to the LexisNexis® True Cost of Fraud™ Study 2025 North America. As costs hit record highs, the eighth annual LexisNexis® Risk Solutions report shows that 44% of North American financial institutions (FIs) primarily rely on manual processes, hesitating to fully embrace automation and AI to combat fraud.

SAP Taulia, a leading provider of working capital management solutions, today announced LBBW, one of Germany’s largest banks, has joined its global multi-funder network.

Ding, the world’s leading platform for delivering and receiving prepaid mobile value across the globe, today announced the appointment of Roland Bryan as Chief Executive Officer, effective immediately.

Next Generation NGPES, a France-based fintech company, has integrated technology from leading blockchain data platform Chainalysis into its systems. The move comes as the firm finalizes the launch of its new-generation payment ecosystem NGPES and a regulated EUR-pegged stablecoin, both designed to bridge traditional (TradFi) and digital finance.

Tenity, a global innovation powerhouse, today announced the release of the inaugural KSA Fintech Opportunity Report 2025. The report, in collaboration with The Majlis Podcast, provides a comprehensive, data-driven analysis of Saudi Arabia's fintech ecosystem, drawing from proprietary research and 30 exclusive interviews with top policymakers, investors, and founders in the Kingdom, the report identifies high-potential growth areas and outlines the structural enablers that are driving transformation.