Industry News

The ongoing AI revolution is indisputably transforming risk management and customer identification processes (KYC), even though human input remains pivotal to these functions.

Swedish BNPL giant Klarna has revealed that its service is now experiencing rapid growth across Canada. 

In Q2 of 2023, the UK saw a rise in fraudulent activity with a loss of £593m, pushing the total stolen cash in the past year to almost £3.5bn.

Israeli FinTech Vesttoo has named Ami Barlev as its Interim CEO and closed a collateralised insurer amidst its fraud scandal. 

Novidea, a global InsurTech firm, has made a significant hire with the inclusion of Duncan Baker as its new Reinsurance Product Manager.

Dinari, a firm dedicated to offering real-world asset-backed tokens, has recently publicised its successful $7.5m seed investment.

Successful pricing and underwriting transformation mandates not just a vivid vision but the sustained momentum to actualise it. This transformation isn't a one-size-fits-all approach; it varies for each business. Yet, the goal remains consistent: refining the process of assessing and insuring risk.

In a recent post by Greenomy, the firm dug deeper into the topic of double materiality and its implications on CSRD reporting.

With financial crime and fraud consistently evolving and changing, there is the regular need for the financial industry to keep pace with it.

Banks are increasingly integrating climate change into their strategies, with many setting net zero emission targets, a report has found.