Author: Chain Wire

London, United Kingdom, September 14th, 2026, FinanceWire

• Synapse’s agentic decisioning platform empowers regulated financial institutions to take ownership of their credit and risk processes, enabling them to build, simulate, version and deploy risk policies 
• The funding round was led by global investment platform Partech bringing the expertise, networks and scale-up support to accelerate Synapse Analytics’ development and global expansion  

Synapse Analytics, an AI company that builds agentic decisioning infrastructure for regulated financial institutions putting policy control directly in the hands of credit and risk teams, announced today that it has raised US$13 million in a Series A funding round, bringing the total raised to US$17 million since inception. Terms of the transaction and valuation were not disclosed.  

The round was led by Partech, a global technology investment firm, with additional participation from Algebra Ventures and Silicon Badia. The new capital will be used to scale the team, accelerate product development and expand international market reach.  

Synapse Analytics Co-founder and CEO Ahmed Abaza said: “Our mission is to give financial institutions the intelligence and decision infrastructure they need to make faster, more secure decisions to reduce risk, unlock growth and build stronger customer relationships. Partech’s investment reflects the momentum we have built and gives us the backing of a leading global technology investor to pursue the next stage of that ambition.”  

Headquartered in Abu Dhabi, UAE and working with banks, non-banking financial institutions, fintechs and telcos across the Middle East, Africa and Latin America, Synapse Analytics has transformed how financial institutions make risk-based decisions.  

As financial institutions automate more of their processes, they face the fundamental challenge that capturing the speed, efficiency and sophistication of AI-native models means sending sensitive data outside the institution and relying on infrastructure they do not control. 

Synapse Analytics was built to remove that trade-off. Its decisioning solution can be deployed in any environment within the institution’s own perimeter — on-premise, in private, in public or sovereign cloud, or air-gapped — allowing banks and financial institutions to automate decisions across onboarding, credit, fraud and AML while retaining control of their data, policies and the intelligence generated by every decision. Synapse Analytics’ proprietary models run entirely within the client’s infrastructure, supporting compliance and control without sacrificing capability. 

With Synapse Analytics solutions, Risk and Credit teams can change policies directly and test the impact against historical data before deployment, giving institutions the ability to introduce AI at scale without giving up the governance and control required in regulated financial services. 

With adoption of digital financial services rising, financial institutions around the world are under growing pressure to make faster and more secure risk-based decisions at a larger scale while meeting the regulatory and data-governance requirements of the markets in which they operate. Synapse is at the heart of this shift, giving institutions the necessary infrastructure to succeed. 

Commenting on the investment, Lewam Kefela, Principal at Partech, said, “We’re excited to back Synapse Analytics as it builds the category-leading decisioning infrastructure for banks and financial institutions across the Middle East, Africa and Latin America. Ahmed, Galal and their team have the technical depth and execution to scale it, and we look forward to supporting their next phase of growth.” 

Co-founder and COO, Galal Elbeshbishy said, “We built Synapse Analytics to help financial institutions make better underwriting decisions. Today, we’re taking that a step further by working with banks, fintechs, and other firms to enable intelligent agents that actively work alongside their teams — helping them build and refine credit policies, continuously enhance underwriting criteria, and monitor portfolios in real time. These agents identify emerging opportunities and risks, help institutions grow their portfolios while reducing risk, and allow them to react quickly as market conditions and borrower behavior change. Our vision is to create the AI operating system for the new age of finance.” 

Company Contact 

Mohamed Abaza – mabaza@synapse-analytics.io  

+20 12 7339 0909

About Synapse Analytics 

Founded in 2018 by Ahmed Abaza and Galal Elbeshbishy, Synapse Analytics is an agentic decisioning platform that allows regulated financial institutions to own and control their decisioning outright. Its unified, AI-native architecture connects onboarding, credit scoring, fraud, anti-money laundering (AML), collections, customer segmentation and customer value management (CVM) across the customer journey. 

The entire architecture, including its AI, runs within the institution’s own perimeter and can be deployed on-premises, in a sovereign cloud or fully air-gapped, without loss of capability. Credit and risk teams can directly simulate, version and deploy policies, testing each change against historical data before it goes live. Every decision processed adds to an intelligence asset that the institution retains and continues to build. 

Headquartered in Abu Dhabi, UAE, Synapse Analytics works with banks, non-banking financial institutions, fintechs and telecommunications companies across the Middle East, Africa and Latin America. Synapse Analytics has supported more than US$200 million in lending and helped clients reduce non-performing loans by up to 40%. In 2024, Synapse Analytics won the Digital Solutions & Customer Experience Award at Egypt’s Entrepreneur Awards. 

For more information, visit the Synapse Analytics website and LinkedIn page. 

About Partech 

Partech is a global technology investment firm headquartered in Paris, with offices in Berlin, Dakar, Dubai, Milan, Nairobi, and San Francisco. Founded 40 years ago in San Francisco, Partech today manages close to €3 billion in assets for a current portfolio of 220 companies in 40 countries across four continents. 

Company Contact 

Mohamed Abaza – mabaza@synapse-analytics.io  

+20 12 7339 0909

Contact

Serra Balls
khorasynapse@khoraconsult.com
+20 12 9990 7611

Montreal, Canada, September 12th, 2026, FinanceWire

Qubit Insurance, an independent, AMF-licensed brokerage serving clients across Quebec, has revealed that a significant portion of Quebec homeowners may be underinsured due to rising construction costs. In a recent review of 1,200 new client policies, the brokerage found that 38% were underinsured relative to current rebuilding costs by an average of 16%.

According to Qubit Insurance, this discrepancy can trigger a co-insurance clause built into many home insurance policies, potentially reducing claim payouts even on partial losses. Many homeowners assume their insurance will cover the full cost of rebuilding after a loss, such as a fire or flood. However, if a home is insured for less than its true rebuild cost, an insurer may only pay out a percentage of a claim that matches the percentage of coverage carried. For example, a homeowner insured at 70% of their home’s actual rebuild value could see a routine claim reduced by nearly 30%, regardless of the damage’s actual repair cost.

The problem has grown more common as rebuilding costs have climbed. The Association des professionnels de la construction et de l’habitation du Québec (APCHQ) estimates that construction costs have risen by roughly 18% cumulatively since 2023, driven by inflation in materials and skilled labor. A policy that accurately reflected a home’s rebuild cost three years ago may now be underinsuring that home by a significant margin.

“We’re seeing this constantly in client feedback right now: people who haven’t touched their property coverage limits in years, even though the actual cost to rebuild their home has increased substantially,” said Manjot Singh, Insurance Broker at Qubit Insurance, who specializes in commercial and personal lines insurance. “The frustrating part is that it’s invisible until there’s a claim; nobody gets a warning that their coverage has fallen behind.”

“In a review of 1200 new client policies this year, Qubit Insurance found 38% were underinsured relative to current rebuild cost, by an average of 16%.” 

To help mitigate the risk of underinsurance and reduced payouts, Qubit Insurance recommends that Quebec homeowners:

• Have their home’s reconstruction cost re-evaluated at least every two years, or after any major renovations.
• Review their dwelling coverage limit at every renewal rather than letting the policy auto-renew without adjustments.
• Confirm with their insurer or broker whether their policy applies a co-insurance clause, and at what percentage.
• Work with a broker who can compare reconstruction-cost estimates and coverage terms across multiple carriers.

About Qubit Insurance

Qubit Insurance is an independent, AMF-licensed insurance brokerage based in Saint-Laurent and Montreal, Quebec, serving individual and business clients across the province. Qubit compares more than 20 insurers to help clients find home, auto, tenant, and commercial coverage, with service available in English, French, Punjabi, Hindi, and Urdu.

Contact

CEO
Manjot Singh
Qubit Insurance
msingh@qubitinsurance.ca
(450) 234-2120

Cape Town, South Africa, September 11th, 2026, FinanceWire

Designed to support the mobilisation of sustainable funding for financial inclusion and economic empowerment across Africa.

Banking technology company JUMO has launched a new Social Finance Framework (SFF) in partnership with Standard Bank’s Sustainable Finance team. The framework aligns with internationally recognised sustainable finance guidelines and provides a transparent structure for raising social finance, such as social loans and social bonds.

This will fund financially inclusive lending activities on JUMO’s technology platform to positively impact underserved individuals, micro enterprises and SMEs across the nine African markets JUMO operates in. With an addressable lending opportunity and a scalable, technology-enabled platform, JUMO is well positioned to deploy capital efficiently across high-growth African markets. The framework is also supported by a positive second party opinion from Endiligence.

Founded with a vision to close the access gap in financial systems for emerging markets, JUMO has built AI-powered technology and lasting partnerships with financial institutions and telcos to expand access to financial services for communities traditionally excluded from formal banking systems. JUMO has demonstrated rapid and accelerating scale, with over $10bn in lifetime disbursements and more than 317 million loans delivered since inception. This is underpinned by 79% year-on-year growth in disbursements and record monthly volumes. The platform delivers measurable inclusion outcomes, with millions of new-to-bank customers, significant participation from youth, women and rural populations, and meaningful exposure to low-income segments often excluded from formal finance.

The framework supports funding for eligible social activities including:

• SME and microenterprise financing
• Employment generation
• Economic empowerment
• Access to responsible digital financial services

JUMO operates digital financial ecosystems across multiple African markets, with further expansion planned across the continent.

“The launch of the framework represents an important milestone in JUMO’s sustainable finance journey and underpins our core commitment to responsible lending,’ says JUMO CEO Paul Whelpton. ‘It enables a broader pool of development finance institutions, impact investors and sustainability-focused funders to access transparent and measurable social impact opportunities in Africa.”

“The framework standardises the governance, reporting and impact measurement processes intended to provide investors with confidence that financing is directed towards eligible social activities aligned with global sustainable finance standards,’ says George Karamitsos, VP of Sustainable Finance for Standard Bank. ‘The framework provides a credible, transparent vehicle to channel institutional capital into JUMO’s proven platform at scale.”

By combining JUMO’s technology-driven banking infrastructure with sustainable finance principles, the jointly established framework aims to accelerate access to responsible credit and unlock economic opportunity for millions of underserved consumers and businesses across the continent.

Capital directly supports underserved populations, including youth, women, rural communities, and low-income individuals, with clear evidence of improved livelihoods.

About JUMO

JUMO has developed AI-led financial technology that enables banks to offer a new generation of digital credit and savings products to millions of entrepreneurs in Africa. JUMO works with partners, such as banks, e-money operators and payments providers, to facilitate high-tech information and money management systems.

Since its founding in 2015, JUMO has disbursed over $10 billion to 40 million people in Ghana, Kenya, Tanzania, Zambia, Uganda, Côte d’Ivoire, South Africa, Benin and Cameroon. JUMO’s administration of over 317 million individual loans has proven that microcredit in Africa is imperative, impactful and sustainable.

With unmatched speed to market and low infrastructure costs, JUMO aims to bring banking to everyone, everywhere, at any time.

www.jumo.world

Media enquiries

comms@jumo.world

About Standard Bank

The Standard Bank Group is the largest African bank by assets, operating in 21 African countries, 4 global financial centres and 2 offshore hubs.

Headquartered in Johannesburg, South Africa, we are listed on the Johannesburg Stock Exchange, with share code SBK, and the Namibian Stock Exchange, share code SNB. Standard Bank has a 163-year history in South Africa and started building a franchise outside southern Africa in the early 1990s. Our strategic position, which enables us to connect Africa to other select emerging markets as well as pools of capital in developed markets, and our balanced portfolio of businesses, provide significant opportunities for growth.

As at 30 June 2026, Standard Bank Group had 19.5 million clients, employed over 50 000 people (including Liberty) and had over 1 200 points of representation and over 5 600 ATMs across the African continent. The group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 19.7% shareholding. In addition, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deal flow between Africa, China and select emerging markets.

For further information, go to http://www.standardbank.com

Social Finance Framework Objectives

The framework serves five key strategic purposes:

Unlock Institutional & Impact Capital

The framework creates a credible structure through which global investors, DFIs and banks can fund sustainable lending activities on JUMO’s platform with confidence.

Scale Financial Inclusion and Social Impact

It supports funding for underserved individuals and SMEs who often lack access to traditional banking products.

Create Credibility Through International Standards

Alignment with globally recognised sustainable finance principles provides transparency, governance and market credibility.

Enable Repeat Sustainable Funding

The framework streamlines future social financing transactions and creates long-term fundraising efficiencies.

Position JUMO as a Sustainable Fintech Leader

The framework elevates JUMO beyond a fintech lender into a recognised sustainable finance platform supporting inclusive growth across Africa.

Contact

Head of Content and Communications
Rose Cohen
JUMO
rose.cohen@jumo.world
+27 83 6750354

Dubai, United Arab Emirates, September 10th, 2026, Chainwire

The appointment brings a veteran of regulated digital-asset and brokerage businesses to a firm turning its focus from growth alone to the foundations that sustain it.

Tag Markets today announced the appointment of Craig Lund as Chief Executive Officer. Lund will lead the company’s executive team and its next phase of development, working alongside the firm’s founders and existing stakeholders.

Lund brings more than fifteen years of experience across financial services, regulated digital assets, operations and governance, with senior leadership roles at Merrill Lynch, M2, MidChains, BitOasis, and Property Finder. He has helped take multiple regulated financial businesses from formation to licensing across several jurisdictions, has led teams numbering in the hundreds, and has worked within organisations responsible for several billion dollars in trading volume. His experience spans risk, regulatory engagement, cross-border settlement, product infrastructure and the building of executive teams.

At BitOasis, he was part of the leadership team that scaled the business many times over and contributed to securing one of the first in-principle approvals granted by Abu Dhabi Global Market to a digital asset exchange and custodian. At MidChains, he helped build an over-the-counter desk that reached multi-billion-dollar volume within its first year. At M2, he led the group operational structure that took a globally regulated exchange and custody platform from a standstill to launch within months, under multiple global regulated frameworks.

The appointment comes as Tag Markets turns its attention to the part of a brokerage that clients experience most directly. Spreads and platforms are compared in an afternoon; a client’s view of a firm is formed by how quickly a withdrawal is processed and how promptly a support question is answered. Lund’s brief places those measures at the centre of the firm’s priorities and treats them as standards to be defined, measured and continuously improved.

“A broker earns trust in the moments a client feels, not in the ones it advertises,” Lund said. “The next chapter for Tag Markets is defined less by how fast it grows than by how well it runs. My focus is on the operating discipline, the governance and the client experience that let a firm grow across markets without losing the confidence of the people it serves.”

Three priorities define the agenda. The first is operating discipline: clear operating standards and escalation thresholds across the business, so that decisions are taken at the right level and are visible after the fact. The second is the resilience of execution, from order routing and pricing through to the controls that govern how changes reach live trading environments. The third is client service treated as management information, with feedback recorded, measured and reviewed so that patterns are seen early and acted on.

As Tag Markets grows across markets, the demands on its internal systems, its governance and its regulatory engagement grow with it. Lund’s background at the intersection of regulated finance, operational scale and technology reflects the capabilities that matter most at that stage.

About Tag Markets

Tag Markets is an online trading services provider offering access to foreign exchange, commodities, indices and other markets through leading trading platforms. Tag Markets is the trading name of “T.M. Financials Ltd”, incorporated in Mauritius (Company No. C185265), and regulated by the Financial Services Commission of Mauritius as an Investment Dealer (License No. GB21026474). Further information is available at tagmarkets.com.

Contact

Craig Lund
Tag Markets
Communications@tagmarkets.com

McKinney, USA, September 10th, 2026, FinanceWire

ScienceSoft has released proprietary research on how midsize US insurers will address artificial intelligence (AI) risks in coverage and underwriting through 2028. Drawing on insurance market data, perspectives from industry experts, and ScienceSoft’s experience working with insurance organizations, the research examines whether growing AI-related losses will lead to a new class of AI-specific insurance.

The research forecasts that by 2028, 60–80% of new policies and renewals in errors and omissions (E&O), directors and officers (D&O), employment practices liability (EPL), and cyber insurance will factor AI risks into underwriting. However, ScienceSoft expects most midsize US insurers to continue covering AI risks primarily through existing lines of business rather than standalone AI policies. The research team anticipates AI-specific insurance to grow rapidly but remain a small niche in the commercial insurance market.

ScienceSoft finds that demand for clearer AI coverage is rising alongside AI-related incidents. The research points to a 262% rise in publicly documented AI incidents from 2022 to 2025 and highlights businesses are showing strong interest in protection against emerging liabilities associated with AI. Insurers take several approaches to making AI treatment more explicit, including affirmative policy wording, AI exclusions, specialized endorsements, and dedicated AI insurance products.

At the same time, the research reveals that much of today’s AI exposure remains covered through traditional insurance products. ScienceSoft concludes that AI-specific insurance is unlikely to become mainstream by 2028, despite the projected strong market growth (from $40 million in 2024 to $4.8 billion by 2032, at a roughly 80% CAGR). Yet even at that pace, the segment is projected to account for only around 0.34% of commercial P&C premiums by 2032. The research team expects unclear liability attribution, accumulation risk, limited loss history, and regulatory uncertainty to continue slowing the development of dedicated AI coverage.

The research findings suggest that underwriting will adapt considerably faster than coverage. ScienceSoft finds that insurers are beginning to assess not only whether businesses use AI but also how AI systems are governed, what level of autonomy they have, and what controls organizations have in place. The research team expects these factors to increasingly influence premiums, coverage conditions, and risk control requirements through 2028.

Beyond its market forecast, the research examines what these changes mean for insurers, brokers, commercial insurance customers, AI software providers, regulators, and individuals. In particular, it explores how insurers may need to adapt underwriting and claims processes, why insureds may increasingly require broker services as AI-specific insurance develops, and why AI vendors may become one of the main customer groups for AI liability insurance.

Read the full report for more insights.

About ScienceSoft

ScienceSoft is a Texas-headquartered AI transformation and software engineering company with 37 years of experience in artificial intelligence and 14 years in insurance IT. The company holds the 2025 Global Award for Insurance Digital Transformation Excellence and the 2026 AI Leader Award for Best AI Solution for Insurance. With long-standing experience across AI and insurance technology, ScienceSoft’s experts bring a practical perspective on how emerging AI risks may affect insurers’ operations, technology, and the broader market.

Press Inquiries Welcome

ScienceSoft’s consultants and financial researchers are available to provide expert commentary on AI-related commercial risks and emerging, technology-enabled approaches to AI risk coverage and underwriting. For media inquiries, please follow the link.

Contact

Media and Analyst Relations Specialist
Alexa Tsviatkova
ScienceSoft
adtsviatkova@scnsoft.com

McKinney, USA, September 10th, 2026, FinanceWire

ScienceSoft has released proprietary research on how midsize US insurers will address artificial intelligence (AI) risks in coverage and underwriting through 2028. Drawing on insurance market data, perspectives from industry experts, and ScienceSoft’s experience working with insurance organizations, the research examines whether growing AI-related losses will lead to a new class of AI-specific insurance.

The research forecasts that by 2028, 60–80% of new policies and renewals in errors and omissions (E&O), directors and officers (D&O), employment practices liability (EPL), and cyber insurance will factor AI risks into underwriting. However, ScienceSoft expects most midsize US insurers to continue covering AI risks primarily through existing lines of business rather than standalone AI policies. The research team anticipates AI-specific insurance to grow rapidly but remain a small niche in the commercial insurance market.

ScienceSoft finds that demand for clearer AI coverage is rising alongside AI-related incidents. The research points to a 262% rise in publicly documented AI incidents from 2022 to 2025 and highlights businesses are showing strong interest in protection against emerging liabilities associated with AI. Insurers take several approaches to making AI treatment more explicit, including affirmative policy wording, AI exclusions, specialized endorsements, and dedicated AI insurance products.

At the same time, the research reveals that much of today’s AI exposure remains covered through traditional insurance products. ScienceSoft concludes that AI-specific insurance is unlikely to become mainstream by 2028, despite the projected strong market growth (from $40 million in 2024 to $4.8 billion by 2032, at a roughly 80% CAGR). Yet even at that pace, the segment is projected to account for only around 0.34% of commercial P&C premiums by 2032. The research team expects unclear liability attribution, accumulation risk, limited loss history, and regulatory uncertainty to continue slowing the development of dedicated AI coverage.

The research findings suggest that underwriting will adapt considerably faster than coverage. ScienceSoft finds that insurers are beginning to assess not only whether businesses use AI but also how AI systems are governed, what level of autonomy they have, and what controls organizations have in place. The research team expects these factors to increasingly influence premiums, coverage conditions, and risk control requirements through 2028.

Beyond its market forecast, the research examines what these changes mean for insurers, brokers, commercial insurance customers, AI software providers, regulators, and individuals. In particular, it explores how insurers may need to adapt underwriting and claims processes, why insureds may increasingly require broker services as AI-specific insurance develops, and why AI vendors may become one of the main customer groups for AI liability insurance.

Read the full report for more insights.

About ScienceSoft

ScienceSoft is a Texas-headquartered AI transformation and software engineering company with 37 years of experience in artificial intelligence and 14 years in insurance IT. The company holds the 2025 Global Award for Insurance Digital Transformation Excellence and the 2026 AI Leader Award for Best AI Solution for Insurance. With long-standing experience across AI and insurance technology, ScienceSoft’s experts bring a practical perspective on how emerging AI risks may affect insurers’ operations, technology, and the broader market.

Press Inquiries Welcome

ScienceSoft’s consultants and financial researchers are available to provide expert commentary on AI-related commercial risks and emerging, technology-enabled approaches to AI risk coverage and underwriting. For media inquiries, please follow the link.

Contact

Media and Analyst Relations Specialist
Alexa Tsviatkova
ScienceSoft
adtsviatkova@scnsoft.com