FCA slaps fines on three money transfer firms for violating competition law
The Financial Conduct Authority (FCA) has recently imposed significant fines on three money transfer firms for violating competition law.
Mutual Benefit Group opts for Duck Creek to improve claims
Duck Creek Technologies, an intelligent solutions provider to the property & casualty (P&C) insurance market, has been selected by Mutual Benefit Group to enhance its group claims workflow.
The challenges and opportunities for regulatory requirements
With the financial technology space undergoing a fast-paced revolution, growing adjacent to this are the challenges and opportunities for regulatory requirements.
Pet insurer Trupanion in PetExpert take-over
Trupanion, a provider of medical insurance for cats and dogs, has entered into an agreement to acquire Royal Blue, the parent company of pet insurer PetExpert.
EU sets global precedent with groundbreaking AI regulation deal
Europe has achieved a milestone in the world of AI by reaching a provisional deal on the European Union's landmark rules governing AI usage.
Regnology buys b.fine to boost regulatory reporting
Regnology, a RegTech company exclusively focused on regulatory reporting, has acquired Belgian RegTech company b.fine.
Justice Department makes move against consumer account fraud networks
The US Justice Department has announced an operation against networks involved in stealing funds from consumer accounts through "microtransactions."
Motor and home insurers to suffer biggest losses in a decade, EY reports
UK-based motor and home insurers will suffer significant losses in 2022 and 2023 due to inflationary pressure and low premium rates, according to a report from EY.
Young Brits turn to BNPL for Christmas spending amid financial strain
Creditspring's research reveals a reliance on BNPL services among young people in the UK, particularly for managing Christmas expenses.
Neobroker BUX buys retail brokerage arm of Spain’s Ninety Nine
BUX, a European neobroker, has acquired the retail brokerage arm of Spanish neobroker Ninety Nine, helping BUX boost its presence in the Spanish retail brokerage market.
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