BofE sets out model for delivering National Payments Vision
The UK is overhauling its approach to retail payments infrastructure, with a greater role for the Bank of England and the creation of a new industry-led delivery company to work alongside Pay.UK.
Capital constraints prompt mixed origination outlook
TD Auto Finance and Avid Acceptance expect auto origination volume to be flat to moderately lower for the remainder of…
AM Best suggests pretty significant flood protection gap in California from recent storms
Recent storms in California have caused heavy flooding in the state resulting in significant economic losses, many of which may not be insured, warned David Blades, associate director, industry research and analytics at AM Best.
Aon names general counsel to replace retiring Lieb
Agents and Brokers, Mergers and Acquisitions, Regulation Aon
Monument Re acquires life insurance portfolio from Contassur
Monument Re has announced that its Belgian subsidiary, Monument Assurance Belgium, has successfully acquired a branch 21 closed book classical group life insurance portfolio from Contassur.
Neocova secures $9.5 million in funding from community banking customers
A host of US community banks have rallied around to pump $9.5 million into AI-based, API-driven banking technology supplier Neocova.
Pennsylvania bill would force COVID-19 business interruption coverage
Agents and Brokers, Claims Disputes, Coronavirus, Coverage Disputes, Emerging Risks, P/C Insurers, Regulation
Investing.com unveils AI-driven financial researcher
Investing.com, a provider of financial news, tools and data to retail investors, has launched an AI-driven researcher called WarrenAI.
JPMorgan lets rich European clients borrow against luxury cars
JPMorgan Chase & Co. is expanding its lending services to the wealthy by allowing them to borrow against their classic…
UK payment firms push back on APP fraud refund plan
Payments firms are calling for a rethink of UK plans to protect victims of APP fraud, arguing that a refund cap of £415,000 will hurt smaller providers.
Sibli raises $4.5m for AI-powered investment research
Sibli, a startup using AI to help asset managers in the investment research process, has raised $4.5 million in seed funding.