Guiding AI development: Four ethical Pillars from the European Commission
In a recent post by RegTech firm Saifr, the firm outlined four ethical principles by the European Commission for developing trustworthy AI.
IntellectAI breaks new InsurTech ground with AI-powered loss run extraction
IntellectAI has recently announced the launch of a new technology which may have the potential to revolutionize the insurance industry.
Pliant secures over €18m in Series A extension led by PayPal Ventures
Pliant, a burgeoning business-to-business (B2B) credit card platform, has recently closed a significant funding milestone.
Quiet week for FinTech with only 17 deals recorded
The FinTech sector has recorded its second uneventful week in a row after FinTech Global recorded only 17 funding rounds in the industry.
Verisk launches solution to help insurers develop commercial lines products
Global data analytics provider Verisk has launched a Rating-as-a-Service (RaaS) solution to help insurers develop new commercial lines products.
Bank CEOs demand rethink on Australia’s costly open banking initiative
Banking leaders in Australia have criticised the Consumer Data Right (CDR) regime, labeling it ineffective and overly expensive.
Navigating the global landscape of customer due diligence regulations
Customer Due Diligence, or CDD, plays a pivotal role in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF).
Annual payment value of CBDCs to skyrocket 260,000% in 7 years
The total value of payments through Central Bank Digital Currencies (CBDCs) is expected to reach $213bn annually by 2030, according to a report from Juniper Research.
BNP Paribas grants inclusive loans to European and Brazilian microfinance
BNP Paribas, a global leader in banking and financial services, has recently taken a significant step in the microfinance sector.
Canopius to offer auto coverage in US Virgin Islands
Canopius Group, a global specialty reinsurer, and Theodore Tunick and Marshall & Sterling, a broker for all lines of business and personal insurance, will offer admitted auto coverage to personal and commercial insureds in the US Virgin Islands in agreement with Samsung Fire and Marine Insurance (SFMI).