Movius Conversational AI to Power spocto’s Debt Support and Risk Mitigation Platform – Business Wire

Debt Help

BENGALURU, India–(BUSINESS WIRE)–Movius, a global leader in cloud-based secure mobile communications, today announced that its conversational artificial intelligence (Conversational AI) platform, Curie, will power spoctos debt resolution and risk mitigation platform in India and the MENA region. The Silicon Valley-based Movius has signed an agreement with spocto, the worlds leading debt support and risk mitigation…

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Florida needs ‘immediate, substantive’ property insurance reforms: AM Best – International – Insurance News

Bankruptcy

AM Best has raised the possibility of further insurer insolvencies in Floridas troubled property insurance market unless immediate and substantive long-term legislative reforms are introduced. The rating agency aired its concerns as the states legislators prepare to sit for a special session this week to address the worsening insurance crisis after Hurricane Ian left estimated…

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Business insolvencies to spike in 2023 – MacroBusiness

Bankruptcy

Between 10,000 and 12,000 companies in Australia are declared insolvent in a typical year, although this fell to around 4,000 to 6,000 during the COVID-19 pandemic.Factors such as government support measures and historically low interest rates had allowed many businesses to avert collapse. However, Jason Preston of advisory and restructuring firm McGrathNicol is among the…

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It looks like the Metigy liquidators have broken even selling the houses bankrupt founder David Fairfull bought with company funds – Startup Daily

Bankruptcy

The liquidators of failedadtech startup Metigy, whichcollapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startups now bankrupt founder, David Fairfull. Fairfull bought the 48-hectare 4-bedroom property in the…

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