Chubb appoints Seth Gillston as Head of North America Industry Practices
Chubb, a global insurance leader, has appointed Seth Gillston as Executive Vice President, Head of North America Industry Practices.
World Bank rebuffs El Salvador with Bitcoin currency integration
The World Bank has declined to help El Salvador with the integration of Bitcoin into its currency system highlighting concerns around the environment and transparency.
Sigma Ratings secures SOC 2 Type 1 certification
Sigma Ratings, an AI-driven risk management platform, has successfully completed a service organisation control (SOC) 2 Type 1 audit.
Top 10 largest GDPR fines now total €402.6m
Fines for the General Data Protection Regulation (GDPR) might be as numerous or large as initially anticipated, but there have been some hefty penalties. The ten largest financial fines for GDPR failures total €402.6m.
Spotr secures €4.5m to build world’s largest image-driven property database
Spotr, a Dutch AI-powered property data platform, has recently garnered €4.5m in funding to bolster its mission of constructing the world's most reliable and expansive image-driven property database.
More depth needed to protect against cyberattacks, US Attorney General claims
US Attorney General Merrick Garland has said the country’s private industry needs to enact better safeguards to avoid consequences in the event of a cyberattack.
Aveni names investment industry stalwart as new chairman
RegTech firm Aveni has appointed Colin Clark, a ‘heavyweight’ in the world of investment, as chairman of its newly formed board.
NatWest and RBS suffer system outage during Black Friday
NatWest and RBS banking apps are currently down, as customers look to make the most of Black Friday sales.
HDI Embedded, Wefox, and WINDTRE join forces for household appliance protection
HDI Embedded, a subsidiary of HDI offering embedded insurance solutions, has embarked on a strategic collaboration with German insurance startup Wefox and Italian telecommunications company WINDTRE.
Report finds branch-based banking may become obsolete within five years
A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.