Alipay’s agentic AI tech goes live with coffee ordering app Luckin
Singaporean mobile coffee ordering app Luckin Coffee has integrated with Alipay’s AI agent for agentic ordering and payments via a conversational interface.
ICA declares NSW floods ‘Insurance Catastrophe’ as claims received nears 5,000
The Insurance Council of Australia (ICA) has upgraded the Mid North Coast and Hunter flooding event classification to an “Insurance Catastrophe” due to updated feedback on ground information about local event severity.
Bank of America launches digital 401(k) and retirement planning
Bank of America’s recent Workplace Benefits Report reveals that the two key areas where employees need financial wellness resources are: retirement education and planning, and learning how to generate income in retirement.
Tricolor stopped paying rent before Chapter 7 filing, some landlords say
Nearly a dozen of subprime lender Tricolor’s landlords have filed appearances in its bankruptcy case, with multiple saying the subprime…
Aussie regulator sues eToro over CFD over-reach
The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.
Space Coast CU bullish on auto despite market slowdown
Space Coast Credit Union is prioritizing auto lending despite an overall slowdown in finance volume in the market and increased…
Multiple discussions about repossessions & recoveries on deck for Used Car Week
Repossessions and recoveries will be one of the main topics covered during Used Car Week, which begins on Monday at the Red Rock Resort in Las Vegas. In fact, the first session of the entire event is a discussion with … [Read More]
Property reinsurance rate rises moderating, casualty seeing large increases: Gallagher
While property reinsurance renewals experienced modest price declines at the mid-year renewals, casualty classes saw the greatest renewal premium increases, which could keep advancing, broker Gallagher has observed.
Brokerslink expands African footprint with Mauritian Proxy Brokers
Global broking business, Brokerslink, has expanded its African footprint by adding Proxy Brokers, marking its first presence in Mauritius.
OpenAI and Stripe team on ChatGPT payments
OpenAI has joined forces with Stripe to let people make purchases from within ChatGPT.
Xceedance introduces Manila talent hub to strengthen global insurance support
Xceedance, known for its consulting, technology, data, and operational solutions for insurance organisations, has broadened its footprint in Asia with the launch of a new talent hub in Manila, Philippines.
Travelers reports rise in net income as combined ratio strengthens in Q1
US primary insurer Travelers has reported an underwriting gain of $659 million for the first-quarter of 2022 and a combined ratio of 91.3%, as losses from catastrophes, net of reinsurance, fell by $675 million from the comparable prior year period.
Securitized auto loan performance deteriorating
MIAMI — Credit performance across securitized auto loans is deteriorating, particularly in the subprime sector, as consumers feel the pressure…