R3, a digital consortium of over 80 banks, has recently raised over $107M. Major backers include HSBC, Intel, and Bank of America Merryl Lynch. Existing investors Goldman Sachs and Santander chose not to join the follow-up round and are believed to have left the R3 group.
Align Commerce, a Blockchain-based business payment platform, raised $24M funding in a Series B round led by NAB Ventures, with participation from KPCB, Silicon Valley Bank, SBI Holdings, GV.
Tata AIA launches m-Insurance in partnership with Tata Teleservices Ltd – Insurance Tech Weekly # 38
Tata AIA launches m-Insurance in partnership with Tata Teleservices Ltd. (TTSL) to provide life insurance cover.