Industry News

FTC

FTC orders MoneyGram to return $115m to scammed consumers

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

U.S. Bank and Pagaya forge path to broaden personal loan accessibility

U.S. Bank has recently joined forces with Pagaya Technologies, a global leader in AI-powered financial solutions.

FCA pushes for higher standards in InsurTech following complaints increase

The Financial Conduct Authority (FCA) has recently underscored the need for improved practices in the home and motor insurance sectors. This comes in the wake of an upswing in complaints about insurance claims handling and the treatment of vulnerable customers.
fraud

How AI and ML are stepping up in the fight against financial fraud

US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector.
6 tips to make your sustainability report a must-read for stakeholders

6 tips to make your sustainability report a must-read for stakeholders

In today's competitive business landscape, sustainability is not just a buzzword but a critical component of corporate strategy. Crafting a sustainability report that not only meets compliance but also captivates and informs is crucial.
sustainability

What is sustainability reporting and why is it important

In a time where sustainability has become key to the majority of financial companies’ operations, understanding sustainability reporting has become key. In a recent...
Thanksgiving results in US taking a break from FinTech deals this week

Thanksgiving results in US taking a break from FinTech deals this week

Each week the US records the most FinTech deals, often accounting for more than half of deals recorded on any given week. However, with the Thanksgiving break, the US was notably quiet with just one deal closed. 
CFPB

What are CFPB’s reforms to redefine consumer data handling?

The CFPB has unveiled ambitious amendments to the FCRA that would redefine the rules for data brokers, furnishers, and end users.
2023

A year of innovation and growth: IntellectAI’s impact in FinTech for 2023

2023 marked a significant milestone for IntellectAI, as the firm made new ventures into new territories of innovation.
admiral-and-CMT-team-up-to-provide-telematics-based-offering-to-drivers-of-all-ages

Admiral and CMT team up to provide telematics-based offering to drivers of all ages

Admiral, a car insurance provider in the UK, has extended its partnership with Cambridge Mobile Telematics (CMT), to launch LittleBox Pod, a new telematics offering that can lower insurance prices for drivers of all ages.

News Stories

AI

How AI is driving transformation in the financial services space

Since the onset of AI adoption, the financial services market has been rapidly adjusting to new opportunities and challenges posed by the technology. As...
Bank of London

The Bank of London announces leadership overhaul with Stephen Bell as CEO

The Bank of London, a rapidly growing financial institution, today announced a significant leadership transition.

The high cost of cybersecurity breaches on corporate reputation

Cybersecurity breaches pose a grave threat not only to immediate data security but also to the long-term reputation and financial stability.

IFC launches ClimaLab to bolster climate risk management in European FIs

The International Finance Corporation (IFC) has launched ClimaLab, a comprehensive initiative designed to empower European financial institutions in effectively managing climate-related risks.

Singapore’s new scam protection bill to restrict high-risk bank transactions

Singapore's Ministry of Home Affairs (MHA) is set to introduce a groundbreaking Protection from Scams Bill aimed at combating the rising tide of online fraud.

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