CFPB gives FDX green light to issue open banking standards
The Consumer Financial Protection Bureau has approved Financial Data Exchange (FDX) as the first standard setting body for the regulator’s new open banking regime.
Element adding a Co-CEO and raising new capital
Berlin-based Element, an insurtech start-up, has announced that insurance expert Astrid Stange will join the management team as Co-CEO of the company as of August 1, 2022 and subject to approval by the German Federal Financial Supervisory Authority.
Fiat Republic raises $7m to bridge gap between Web3 and banking
Fiat Republic, a BaaS startup working to simplify the process of crypto platforms connecting with bank transfer networks, has raised $7 million in a seed funding extension round.
InvestCloud to open London fintech incubator
California-based InvestCloud is opening a fintech incubator and accelerator in London, inviting firms to take advantage of its platform in developing digital wealth management tools.
Marsh expands D&O ESG program to Bermuda
Agents and Brokers, D&O, P/C Insurers, Reinsurance, Risk Management Asia-Pacific & Australasia, Bermuda, European Union, United Kingdom Everest Re, Marsh & McLennan
NTT DATA UK&I and iPipeline collaborate to drive growth in the UK and Europe
NTT DATA UK&I, an IT services provider and consultant for the insurance industry, has announced a new partnership with iPipeline, a provider of digital solutions for the life insurance, pensions, savings, and investments markets in the UK.
FCA to host Greenwashing TechSprint
The UK’s Financial Conduct Authority is to host an international operational forum aimed at developing tools to tackle the rising tide of greenwashing in financial services.
Distinguished Programs enhances fine art & collectibles insurance coverage to $100m limit
Distinguished Programs, a prominent insurance program manager, has announced a substantial expansion of its Fine Art and Collectibles program.
FTC acknowledges closed-door meeting about unfair fees
Executives inside and outside of automotive who might already be skeptical of what happens in Washington, D.C., probably aren’t surprised a major federal agency conducted a closed-door meeting. But the Federal Trade Commission acknowledged that it orchestrated one last week … [Read More]
Synthetic auto securitization volume nears 2021 peak
Auto lenders are increasingly using synthetic risk transfer securitizations to offload part of the portfolio’s credit risk to third-party investors…
CFC top officers to step down following Lloyds investigation
P/C Insurers United Kingdom Lloyd’s of London
Beacon launches digital wallet for immigrants to Canada
Canadian startup Beacon has opened the waitlist for its purpose-built digital wallet for immigrants moving to the country.
USED CAR WEEK 2023 PODCAST: How repossession management is changing
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion titled, “The Changing Landscape of Repossession Management.” The session included Suzi Straffon of … [Read More]
Ex-Celsius CEO Mashinsky gets 12-year sentence for crypto fraud
Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities fraud and securities fraud.