Industry News

SC Ventures, the FinTech and innovation arm of Standard Chartered, has entered into a MOU with Yabx. 

As financial companies face tougher regulators, ensuring risk management in AML compliance is becoming ever more important. 

The Federal Trade Commission (FTC) has ordered MoneyGram to return $115m in refunds to consumers who were frauded by scammers using their payment system.

The PSR has published a consultation on guidance to support PSPs providing correct data when they report authorised push payment scams to regulators.

The Chartered Banker Institute has welcomed an FCA discussion paper that focused on enabling finance to deliver on its potential to drive sustainable change.

Canal Insurance Company has partnered with CLARA Analytics, a provider of artificial intelligence (AI) technology for commercial insurance claims optimisation, to improve commercial auto claims outcomes with AI.

PreIPO, a provider of financial technology solutions, has entered a strategic funding alliance with SPiCE VC to enable the former to expand its tech.

According to Zinnia, the major trends set to shape life insurance in the coming year are all driven by the customer experience. 

The UK and global economies are currently grappling with unprecedented inflation rates. Interestingly, the insurance market had a precursor to this trend, with premiums soaring as the world emerged from lockdown.

The Financial Conduct Authority (FCA) has published a discussion paper to seek perspectives on future sustainable governance.