Drone startup TropoGo collaborates with Avianco Technologies - CRN - India

#drones #startupindia #aatmanirbharbharat #insurtech #startupstrategy #deeptech

TropoGo, founded by Sandipan Sen, a Deep-Tech drone start-up has partnered with Avianco Technologies Pvt Ltd to offer integrated Risk & Insurance services to Avianco Customers.

Drones are Digital 4.0 technologies and the adoption has greatly increased primarily because of the perceived benefits across multiple sectors like Agriculture, Survey, Security and Healthcare to start with. Recent permission by Directorate General of Civil Aviation (DGCA) & multiple State Governments to conduct Beyond Visual Line of Sight #BVLOS) drone delivery experiments has opened up new possibilities.

Understating the importance of technology, Shravan V., Founder & CEO, Avianco Technologies says, “TropoGo and Avianco will bring seamless integration and superior user experience to Indian Drone Pilots.”

He further added, with detailed access of flight path, drone health, traffic congestion and various other parameters TropoGo can Co-innovate along with their Insurance partners to come up with comprehensive Risk & Fit for purpose Insurance Products of future.

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Drone startup TropoGo collaborates with Avianco Technologies - CRN - India

Read Article TropoGo, a Deep-Tech drone start-up has partnered with Avianco Technologies to offer integrated Risk & Insurance services to Avianco Customers. Drones are Digital 4.0 technologies and the adoption has greatly increased primarily because of the perceived benefits across multiple sectors like Agriculture, Survey, Security and Healthcare to start with.

Mergers & Acquisitions: Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

#mergersandacquisitions #acquisitions #insurtech #India #startups

Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE General Insurance Company Limited for a sum of $76 million as the financial services startup looks to tap the nation’s booming insurance market.

Sharma is acquiring Raheja QBE through QorQl Pvt. Ltd, a firm in which he owns majority stake with Paytm owning the remainder. A Paytm spokesperson told TechCrunch that it was an all-cash deal.

Raheja QBE, which offers insurance services to cover an individual’s health, home and vehicles, and also provides protection on commercial properties and workplace injuries, is owned by Prism Johnson (51%) and QBE Australia (49%.) QorQl is acquiring a 100% stake in Raheja QBE as part of the agreement, the two entities said.

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Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

Paytm, India's most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE for a sum of $76 million as the financial services startup looks to tap the nation's booming insurance market. ...

Cloud Technology for FinTech - Banking on the cloud in the face of COVID-19 and beyond

#cloudtech #cloudtechnology #postcovidworld #techonlogy #ai #artficialintelligence #saas

This conversation about use of cloud is now more important than ever, as firms adjust to new realities, including more remote workforces and more digital interactions with customers.

One example of utilising cloud-based tools to accelerate digital transformation efforts is through processing vast amounts of data to reduce development and roll out of new and innovative financial products. For Atom bank, the UK’s first mobile-only bank, success depends on having agility and scalability to develop new solutions and experiences quickly in response to customer demand, while keeping costs low. By embracing the cloud, the challenger bank has been able to move on from on-premise hosted data centres, becoming more responsive to the needs of its customers through new app features or entirely new products and also building more software-as-a-service (#SaaS) and resilient architectures for future innovation.

Similarly, Revolut turned to the cloud to scale at speed without sacrificing stability. Tapping into cloud technology has allowed the organisation to automate updates and maintenance and redesign its slow and costly backup system, whilst maintaining resilience and control over security.

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Banking on the cloud in the face of COVID-19 and beyond - FinTech Futures

Banking on the cloud in the face of COVID-19 and beyond

The insurtech startup Artivatic helps large insurance companies with credit underwriting and risk profiling

Source: YourStory Media

Author: Sohini Mitter

Insurtech startup Artivatic.ai [Insurtech] , Co-founded by Layak Singh and Puneet Tandon, helps legacy insurance companies segment and profile customers with smart AI and human brain-like systems. The Bengaluru startup is backed by the Indian Angel Network.

Artivatic.ai [Insurtech] assists insurance companies to build personalised risk profiles of customers, track and understand their financial and behavioural journeys, and develop real-time intelligence based on those patterns. It has built proprietary and patent-pending credit underwriting technology for risk scoring and dynamic profiling of insurance customers.

Artivatic.ai [Insurtech] has developed a low-cost modular #API infrastructure that can plug and play into businesses and allow insurance companies to go live with their digital operations in a matter of days.

Artivatic.ai [Insurtech] is also gearing up to raise a Series A round of over $3 million in the next four to six months. It will utilise the funds to acquire new talent and grow its 35-member team, enhance its products, improve customer engagement, and expand across Southeast Asia.

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This IIT grad's startup helps large insurance companies with credit underwriting and risk profiling

Layak Singh founded Cogxio, a hyperlocal networking and discovery platform, in 2014. The IIT Kharagpur graduate-turned-serial entrepreneur had earlier launched a test prep and learning platform, a college dating platform for IITians, and a lifestyle publication. But it was at Cogxio that he came face-to-face with consumers who transacted online after complex discovery and decision-making processes.