Company News

Chubb, a global insurance leader, has appointed Seth Gillston as Executive Vice President, Head of North America Industry Practices.

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

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, 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.

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

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, a subsidiary of HDI offering embedded insurance solutions, has embarked on a strategic collaboration with German insurance startup Wefox and Italian telecommunications company WINDTRE.

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.

News Stories

IBM

IBM strengthens sustainability vision with CSO appointment of Christina Shim

IBM has announced the appointment of Christina Shim as its new Chief Sustainability Officer, according to an internal memo seen by ESG Today. Shim...
Simplifai, a leading provider of AI-powered solutions in the insurance sector, has secured a significant investment with Idékapital leading the raise.

Simplifai secures significant investment led by Idékapital

Simplifai, a leading provider of AI-powered solutions in the insurance sector, has secured a significant investment with Idékapital leading the raise.
The Sterling One Foundation has partnered with UNIDO Investment Technology and a host of other major industry players to introduce the inaugural edition of their Environmental, Social, and Governance (ESG) Series.

Sterling One Foundation partners with leading institutions to launch groundbreaking ESG series in Africa

The Sterling One Foundation has partnered with UNIDO Investment Technology and a host of other major industry players to introduce the inaugural edition of...

Unveiling the pitfalls of prioritising form over substance in compliance

In an era marked by rapid technological advancements and evolving regulatory landscapes, the financial services industry faces ever-increasing pressure to maintain robust compliance standards.
fiduciary

The importance of fiduciary duty for registered investment advisers

Registered Investment Advisers (RIAs) are entrusted with a significant responsibility to uphold fiduciary duty, as mandated by the SEC.

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