Report highlights tech skills shortage
The financial services sector faces a potential shortage of skilled technologists and data analysts over the next five years, according to as recently published report.
CIAB Q4’23 P/C market report: premium increases decelerate amid rising client concerns
In the Q4 2023 report by The Council of Insurance Agents & Brokers (CIAB) on the Commercial Property/Casualty Market, premium increases have persisted for the 25th consecutive quarter, but at a slower rate. The average increase across all accounts is 7%, down from 8.1% in the previous quarter. However, there’s a noticeable increase in client negativity towards the industry.
Ripple stablecoin becomes offramp for BlackRock tokenised fund
Ripple has joined forces with Securitize on a smart contract that allows holders of BlackRock and VanEck tokenised funds to exchange their shares to Ripple for the firm’s stablecoin.
Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
More evidence surfaced last week about how stretched family budgets are nowadays, with a survey by Kashable indicating more than 80% of Americans do not have an emergency fund. But the fintech platform that provides “socially responsible credit” and financial … [Read More]
Fintech investment continues slow decline
Total global investment in fintech fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.
‘Lifting the lid on Fintech’- customer-focused innovation or dangerous corporate power grab?
The finance sector’s decision to ape Big Tech and adopt platform business models enabled and powered by the mass acquisition and manipulation of data is creating new risks for society, warns a report from the Finance Innovation Lab.
MBSi begins president transition process
MBSi Corp. announced that a top leadership transition began this week. After more than eight years of leadership and growth at MBSi, the provider of repossession assignment software and vendor compliance solutions to the auto finance industry said president Cort … [Read More]
Industrywide originations slip 0.4%
Economic headwinds continued to affect auto origination volume in the first quarter, but affordability concerns eased in the second quarter. …
AI fintech Optasia lists in South Africa
UAE-based Optasia, a AI-powered fintech, has listed on the Johannesburg Stock Exchange (JSE) in one of the country’s biggest IPOs in recent years.
9M’24 results show $4.1bn underwriting gain for US P&C industry: AM Best
According to AM Best, the US property and casualty (P&C) industry posted a $4.1 billion net underwriting gain in the first nine months of 2024, in comparison to a $32.1 billion loss recorded in the prior year period.
Carvana adds 4 states covering 16 markets to co-signer program
At the beginning of August, Carvana launched the option to add a co-signer during the financing application process for potential buyers in South Carolina with the intention of rolling out the process in more locations before a full nationwide push. … [Read More]
NextGear gives $50K to fund STEM lab at Indianapolis elementary school
NextGear Capital showed it has a great interest in science, too, not just the automotive financial world. The floorplan provider that focuses on independent dealerships, in collaboration with Cox Enterprises, recently transformed an Indianapolis Public Schools (IPS) classroom into the … [Read More]