Industry News

Over a third (38%) of firms have limited knowledge of the FCA’s new Consumer Duty, with many turning to technology and data to solve their woes.

Seven-in-ten (72%) of consumers prefer to use face verification to secure online transactions, according to a report from iProov.

Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.

UK-based CLOWD9 has launched the world’s first cloud-native, cloud certified, decentralised, payments processing platform.

Contract intelligence company Icertis has launched a new tool that supports business processes for banking and financial services organisations.

ClarionDoor, a Zywave company and provider of insurance distribution solutions, has partnered with Boston-based One80 Intermediaries.

Home and business security company ADT has closed a $1.2bn equity investment from State Farm Insurance, a US-based group of mutual insurance companies.

SelectQuote has partnered with Symetra Life Insurance Company and Munich Re Life US to bring SwiftTerm Select point-of-sale life insurance product to the SelectQuote platform.

TheGuarantors, a FinTech company building smart financial and insurance solutions for renters and landlords, has launched a product platform designed to help protect small- and medium-sized rental property owners.

The cost-of-living crisis has encouraged more people to engage with their finances. However, it is hard to know what to do when starting out. Kidbrooke has urged wealth managers to use financial simulation to inspire clients.