Analysts at Fitch Ratings have warned that the UK’s latest supervisory climate stress test for insurers is “the world’s toughest yet,” with many firms expected to fall below the minimum standards imposed.
Samsung has teamed up with Splitit to let users of its mobile wallet use their existing credit to split in-store payments into instalments.
Financial services giant State Street is one of the first firms to sign on for Amazon Web Services’ new AWS Backup, a fully-managed, centralised service to automate backups of data and meet regulatory requirements.
Mastercard has unveiled a suite of open banking applications and services designed to help financial institutions and third party providers make the most of the PSD2 era.
Banco Santander has used bespoke, in-house developed software to digitise its core banking platform, already migrating 80% of its IT infrastructure to the cloud.
UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people.
US Bank has launched an alternative to buy now, pay later schemes with the roll out of a credit card that automatically splits purchases into a three-month payment plan.
French IT services and consulting company Capgemini is claiming an industry-first after releasing its perpetual KYC (pKYC) sandbox.
The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.
Years after being forced to abandon its crypto project, Meta is in talks with digital asset firms about integrating stablecoin payments into its platform, according to Fortune.
Munich Re Life US, a subsidiary of Munich Re, has partnered with MIB, a provider of data-driven insights and digital services for the life insurance industry, to support the adoption of electronic medical data in life insurance underwriting by enhancing data access and advancing analytics capabilities.
ReSource Pro, a provider of business process solutions for the insurance industry, has appointed Ernie Feirer to the position of Senior Vice President (SVP), Carrier Practice. In this role, he will lead a team of expert insurance professionals dedicated to facilitating operations and technology transformation for the insurance carrier market.
