The world’s biggest banks increased their artificial intelligence headcount by 13% over the last six months, with one in every 50 banking employee now working in an AI-specific role, according to a study.
Madrid-based treasury management startup Embat has raised €14.7 million in a Series A funding round led by Creandum, an early backer of fintech success stories Trade Republic, Klarna, iZettle and Pleo.
Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.
Agents and Brokers, Mergers and Acquisitions Alliant Insurance
Agents and Brokers, Alternative Risk Transfer/Captives Asia-Pacific & Australasia, United Kingdom Marsh & McLennan
When posed with a logical puzzle that demands reasoning about the knowledge of others and about
counterfactuals, large language models (LLMs) display a “distinctive and revealing pattern of failure,” according to a bulletin from the Bank for International Settlements.
Coverage Disputes, Cyber Risks, P/C Insurers Lloyd’s of London
Pig-butchering, an investment scam involving fake crypto companies, has emerged as one of the top payment threats facing consumers.
AM Best has opted to maintain a negative outlook on the credit ratings of Qatar General Insurance & Reinsurance Company QPSC (QGIRC) (Qatar).
Agents and Brokers, Mergers and Acquisitions Alliant Insurance, Marsh & McLennan
US retail sales strengthened in September by more than forecast in a broad advance, illustrating resilient consumer spending that continues…
Capital One Auto Finance’s originations increased quarter over quarter and year over year for the second consecutive quarter, further highlighting…
The insurance sector is not materially exposed to the business interruption losses that could arise due to a cut-off in Russian gas supplies to Europe, according to a statement by Fitch.
