Pan-EU hackathon calls on fintechs to tackle Covid-19
The European Commission is to host a virtual pan-European hackathon this weekend in a bid to develop solutions to coronavirus-related challenges.
Salsa lands $20m for embedded payroll
Embedded payroll infrastructure provider Salsa has raised $20 million in a Series A funding round led by Altos Ventures.
BofE eyes AI’s risk to financial stability
As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England’s Financial Policy Committee warns.
Fed holds rates, sees risk of higher inflation and unemployment
Federal Reserve officials held interest rates steady for a third-straight meeting and emphasized they see a growing risk of both…
Sibos 2025: DeFi expected to take over financial ecosystem
In the rapidly developing financial universe, there are certain buzzwords that have been reappearing throughout discussions: blockchain, stablecoins, and tokenisation. While cryptocurrencies are not new, these new developments in decentralised finance (DeFi) are taking the financial sector by storm.
Could Big Tech disrupt the investment funds industry?
Big Tech companies such as Google, Apple and Microsoft have yet to encroach on the investment funds industry, but new research from distribution network Calastone suggests they would have a ready market from young millennials.
CrowdStrike outage unlikely to materially impact re/insurer results: Fitch
Analysts at ratings agency Fitch Ratings have said that last week’s mass global IT outage is not expected to have a material impact on the financial results of insurers and reinsurers, with preliminary market estimates of global insured losses in the mid-to high single digit billion USD range.
Demex announces appointment of next gen C-suite leadership to drive market expansion
Demex, a technology-enabled reinsurance solution provider, has announced a number of executive leadership appointments designed to lead the company into its next phase of growth.
OCC rolls out AWS GenAI tech
The Options Clearing Corporation (OCC) has rolled out Amazon Web Services generative AI technology to streamline development workflows.
EBAday 2025: What’s next for instant payments?
Two expert panels at EBAday 2025 explored what makes an effective implementation plan, the persistent global and regional challenges, and the growing benefits of instant payments.
RLI names two new leaders
US property and casualty insurer RLI Corp. has appointed two leaders to new roles.
Average costs of cyber liability insurance studied
Cyber Risks, Emerging Risks, General liability, Technology
Economic slowdown may throw resilience recovery off course: Swiss Re
A new report from Swiss Re Institute shows that that the world economy regained macroeconomic resilience in 2021, but the reinsurer warns that new challenges could “throw the recovery off course” through 2022 and into 2023.
PayPal gives users early access to Perplexity AI browser
PayPal and Venmo users in some countries are being offered early access to Perplexity’s new AI-powered web browser.