FCA commences live testing of bank AI applications
The UK’s Financial Conduct Authority is to commence live testing of AI technology, with NatWest, Santander and Monzo among the first cohort.
Gallagher Re promotes Busson to Head of L&H EMEA
Reinsurance broker Gallagher Re has promoted Etienne Busson to the role of Head of Life & Health, EMEA, from his previous position as Deputy Head of the business.
Vanquis Banking Group acquires money saving app Snoop
Vanquis Banking Group has acquired Snoop, the money saving app founded by former Virgin Money boss Jayne-Anne Gadhia.
Westpac rolls out ‘panic button’ for customers who think they’ve been scammed
In its latest move to stop scammers, Westpac is to introduce SafeBlock, a new feature that allows customers to block their accounts and cards in an instant via the app or online banking.
Inside Agora Data’s new ‘capless’ forward-flow deal
Consumer fintech Agora Data has established an evergreen forward-flow deal with powersports lender Model Finance Company following a Feb. 25…
Allianz X makes equity investment in Coterie Insurance
Allianz X, the investment arm of Allianz Group, has made an equity investment in Coterie Insurance, a managing general agent (MGA) that provides property and casualty (P&C) insurance products for small and mid-sized businesses in the United States.
Alliant hires former WTW Senior Vice President Scott Davis
Agents and Brokers Alliant Insurance, Willis Towers Watson
Facultative reinsurance increasingly used to manage emerging challenges: WTW
New research from WTW has revealed a shift away from a transactional view of facultative reinsurance and a move towards using it as a tool to achieve strategic objectives and priorities, fill gaps in treaties and manage risk throughout the cycle.
Strands and Doconomy partner to provide climate impact PFM tools
Mastercard-backed carbon tracking app Doconomy is collaborating with fintech software developer Strands to offer consumers climate impact and personal finance management products.
Experian: Stronger credit consumers opting for shorter terms
It’s not uncommon for consumers with softer credit scores to seek the longest contract terms possible to get a manageable monthly payment. Conversely, Experian is seeing consumers with strong credit scores ask for shorter terms to offset rising interest rates. … [Read More]
Vertafore acquires MGA Systems
Vertafore has announced that it has acquired MGA Systems, a provider of purpose-built software for Managing General Agents (MGAs).
Swiss fintech startup nsave secures $18 million Series A
Swiss fintech startup nsave has raised $18 million in a Series A investment round led by TQ Ventures, with participation from Sequoia Capital, Y Combinator, ACE Ventures, and Proton Foundation.
Christine Lagarde’s son burned by crypto speculation
No fan of crypto investing, ECB president Christine Lagarde has revealed that her son ignored her warnings about the risks associated with trading in virtual currencies and consequently lost a significant chunk of his earnings in the market.