PasarPolis receives multi-million investment from World Bank Group

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Indonesia-based insurtech PasarPolis has received a US$5 million (approx. IDR 70 million) equity finance investment from the International Finance Corporation (IFC), a part of the World Bank Group.

This is the IFC’s first investment in the Indonesian insurtech industry, e27 reported. One of IFC’s goals is to accelerate financial inclusion and literacy in emerging markets like Indonesia.

According to PasarPolis founder and CEO Cleosent Randing, the investment is separate from the Series B funding round held in September 2020, nor is it considered a Series C round. The Series B round brought in US$54 million and was led by LeapFrog

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GamaSec’s “good hackers” find challenges in SME cyber market

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That’s when GamaSec was born. Bar-Tov and the GamaSec team set out to create a cloud-based software-as-a-service (SaaS) technology, specifically geared toward SMEs, designed to prevent cyberattacks by using virtual hacker technology to identify and eradicate dangerous malware threats and website application vulnerabilities in real time. They quickly saw that online penetration testing was not enough to provide full pre-breach protection for SMEs, so they created a portfolio of services including web vulnerability scanning, daily malware detection, blacklist monitoring and application Firewall (WAF) with DDoS detection.

Read next: WTW rolls out new cyber risk assessment services

In 2017, Bar-Tov modified

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North P&I Club brings in new chair

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The club said that Tyrrell’s election reinforces its commitment to a growth and diversification strategy which saw its 160th anniversary in 2020 coincide with its largest-ever entered fleet. North currently has 230 million gross tons on its books, of which 160 million gross tons is owned, and said it intends to further strengthen its position as a leading member of the International Group of P&I Clubs (IG).

“Our ability to help members trade with confidence continues to be reflected in their commitment to the club, and so we are delighted to announce a respected figure like James as our new

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SWIFT and PBoC set up JV for internationalisation of digital yuan

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SWIFT has set up a joint venture with the People’s Bank of China (PBoC), China’s central bank and its digital currency research institute and clearing centre, responsible for the digital yuan.

SWIFT and PBoC set up JV for internationalisation of digital yuan

Other shareholders of the Beijing-based venture include China’s Cross-border Interbank Payment System (CIPS) and the Payment & Clearing Association of China, both supervised by the PBOC, and a move some see as a sign that China wants to explore global use of its planned digital yuan.

The new entity, called Finance Gateway Information Services, was established in Beijing

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