Finance, Banking & Insurance

Rockville, Md. – September 12, 2026 -- Expert.ai has been named one of five Coolest Vendors in Gartner's Coolest Vendor Innovations in Agentic AI for Banking, Part 1 report, published September 12, 2026.

Bank customers report 90% reduction in AML false positives

Expert.ai's AI suite is already deployed at 10 top banks in Italy and by global anti-money-laundering (AML) organizations, which report more than 90% screening accuracy. Customers cite a 90% reduction in AML false positives, up to 70% time savings per alert in KYC screening, and a 40% improvement in customer satisfaction.

San Diego – September 12, 2026 -- Investors who purchased UWM Holdings Corporation (NYSE: UWMC) securities between September 12, 2026 and September 12, 2026 have until September 12, 2026 to seek lead plaintiff status in a securities fraud class action filed against the mortgage lender.

UWM disclosed a $603.2 million derivatives loss tied to a failed merger hedge

The lawsuit, captioned Bond v. UWM Holdings Corporation, No. 26-cv-12862 (E.D. Mich.), alleges UWM and top executives violated the Securities Exchange Act of 1934 by concealing an outsized hedge position taken ahead of a since-collapsed $1.3 billion merger with Two Harbors Investment Corp. The all-stock deal, signed in December 2025 to expand UWM's mortgage servicing rights portfolio, was terminated by Two Harbors in March 2026 after a competing offer emerged; Two Harbors paid UWM's termination fee.

Pittsburgh – September 12, 2026 -- PNC Bank has launched PNC Workplace Advantage, a workplace banking program targeting employers with 100 or more employees that seeks to boost benefits offerings without adding administrative burden.

PNC ties premium banking tier to workplace direct deposit enrollment

Employees who open a qualifying PNC checking account and set up a qualifying direct deposit method through their employer will be invited to enroll in PNC TotalRewards Silver Tier, a benefit level typically reserved for customers holding at least $25,000 in deposits and investments. The program provides banking rewards, personalized guidance from dedicated financial wellness professionals, virtual or onsite banking access, and financial education through live seminars and on-demand digital resources.

Herzliya, Israel – September 11, 2026 -- Cye, a cyber exposure management provider, has launched a Center of Excellence for Private Equity (PE) designed to give PE firms a consistent, portfolio-wide view of cybersecurity exposure from due diligence through exit.

Cye combines AI-native platform with expert services to standardize portfolio cybersecurity execution

The new operating model merges Cye's expert-led agentic services with its AI-native exposure management platform, targeting a gap where PE firms currently rely on point-in-time assessments at individual portfolio companies rather than continuous, group-level oversight.

United States – September 11, 2026 -- Allstate Corporation (NYSE: ALL) has opened the Property Lab, a hands-on training facility at its Claims University that uses full-scale, two-story homes to prepare claim adjusters for real-world residential damage scenarios.

Property Lab Uses Full-Scale Homes to Simulate Residential Damage

The facility features full-size, two-story homes built with a range of construction materials and finishes, from standard-grade components to higher-end materials. Claim adjusters inspect both exterior and interior damage, gaining exposure to the variety of home types and repair considerations they encounter in the field.

Charlotte, N.C. – September 11, 2026 -- Kate Burke, chief executive officer of Allspring Global Investments, has been named to Pensions & Investments' 2026 Influential Women in Institutional Investing list, while portfolio specialist Hannah Rosencrantz was recognized as a 2026 P&I Rising Star. Allspring manages more than $642 billion in assets under advisement as of June 30, 2026, across 18 global offices with over 360 investment professionals.

Beijing – September 11, 2026 -- Waterdrop Inc. (NYSE: WDH) reported second-quarter 2026 operating revenue of RMB1,448.2 million, up 72.8% year-over-year, with net profit attributable to ordinary shareholders reaching RMB125.8 million, marking the company's 18th consecutive profitable quarter.

The Beijing-based insurance and healthcare technology firm has cumulatively repurchased approximately 62.9 million American Depositary Shares from the open market as of August 31, 2026.

Insurance revenue climbs 80.5% as AI tools drive premium growth

Insurance-related revenue rose 80.5% year-over-year, with operating profit for the segment reaching RMB183.6 million, up 20% quarter-over-quarter. Premiums facilitated through the company's 'AI Medical Insurance Expert' tool increased 25.6% quarter-over-quarter, while first-year premiums for long-term insurance products grew 33.4% quarter-over-quarter.

Phoenix – September 11, 2026 -- NEXA Lending has named Geri Farr as Chief Executive Officer, transitioning founder Mike Kortas into the company's newly formalized Executive Partner role, its highest internal leadership designation.

Farr takes operational control after joining NEXA in 2025

Farr joined NEXA in 2025 following a career spanning wholesale and distributed retail mortgage operations. She previously managed Kortas nearly two decades ago at NOVA Home Loans, a relationship that now places her at the top of the leadership structure he built.

Kortas shifts focus to growth and the Executive Partner network

Kortas will step back from day-to-day operations to concentrate on new business development, acquisitions and partnerships alongside fellow Executive Partner Anthony Casa. "The best thing I can do for our loan officers is put the right person in the CEO seat and go spend my time creating what comes next," Kortas said.

London – September 11, 2026 -- Brightstar Lottery PLC (NYSE: BRSL) launched a tender offer for any and all Regulation S interests in its outstanding €500,000,000 2.375% Senior Secured Notes due 2028, offering holders €990.00 per €1,000 in nominal value plus accrued interest.

Brightstar plans a new euro-denominated benchmark bond due 2032 to fund the buyback

The company simultaneously announced a benchmark offering of euro-denominated senior secured notes due 2032, guaranteed on a senior basis by certain wholly-owned subsidiaries. Brightstar has applied to list the new notes on the Official List of Euronext Dublin and admit them to trading on the Global Exchange Market. Completion of the new bond sale is a condition to the tender offer, though Brightstar retains sole discretion to waive that requirement.

Munich – September 11, 2026 -- Only 52% of consumers in Germany and France are aware of the EU Digital Identity (EUDI) Wallet, according to a new consumer study by IDnow, just months before the technology's mandated December 2026 rollout. The digital identity and fraud prevention platform surveyed 1,000 adults in each country and found that trust, not speed, will determine adoption.

Nearly half of consumers abandon transactions over complex verification

48% of respondents said they frequently abandon transactions when identity verification is too complicated or takes too long, exposing a commercial cost that financial institutions already absorb today. IDnow argues this friction creates both the market opportunity and the credibility hurdle the EUDI Wallet must clear.