Starting today, new protections for victims of APP fraud are now in effect, marking a pivotal day for consumer safety in financial transactions. According to Credit Connect, the new rules, governed by the Payment Systems Regulator (PSR), demand that payment firms, including high street banks, building societies, and smaller e-money firms, implement stringent reimbursement arrangements for victims of APP scams....

Lockton, the world's largest privately-owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia. The moves comes in response to the growing need for faster, more convenient insurance services tailored to small businesses and individuals. As traditional insurance systems struggle with outdated processes, Lockton aims to provide a more...

Adaptive Insurance has unveiled an innovative parametric insurance platform which aims to revolutionise how businesses manage and mitigate the risks associated with power outages. The launch of GridProtect comes as climate change accelerates, causing an increasing number of weather-related power grid failures, according to InsurTech Insights. These failures are posing significant financial challenges to businesses, particularly in the United States, where...

The UK Government has announced new legislation that allows banks to impose a three-day hold on suspicious payments.

The world of international politics is fraught with unpredictability, where sudden changes in foreign relations can usher in swift and expansive sanctions regimes. According to Moody's, as highlighted by a 2023 collaborative paper with the US Department of State, CRDF Global, and Moody’s, the US and its allies have successfully frozen or blocked over $58bn in assets belonging to sanctioned...

S-RM, has announced the appointment of Kelly McManus as the new global business development lead, insurance and legal, as part of its expanding cyber security offering. McManus brings significant expertise to her new role, having gained extensive experience in insurance and legal sectors during her previous tenure at Kroll, where she was responsible for developing and managing relationships across the...

Verisk has announced the U.S. launch of Whitespace, an all-in-one platform designed to transform operations for brokers, underwriters, and managing general agents (MGAs) in the global (re)insurance market. The move comes in response to the growing need for efficiency and digital transformation in the excess and surplus (E&S) and specialty insurance sectors. The platform aims to simplify the fragmented processes and...

BNPP AM has marked a significant expansion in its ETF offerings with the debut of four ESG equity ETFs on the London Stock Exchange. These ETFs, which are part of BNPP AM's newly established ICAV, complement the existing product range under the French and Luxembourg SICAVs. This strategic move not only diversifies BNPP AM's portfolio but also opens doors...

Glia, a leader in customer interaction technology, has announced the launch of its latest tool, the Unified Interactions Index Calculator. The introduction of the Unified Interactions Index Calculator addresses the need for financial institutions to effectively measure and improve their customer interaction strategies, according to FF News. With over 500 peer companies to compare against, the calculator allows institutions to benchmark...

ESG reporting is undergoing a transformation, evolving from a regulatory necessity to a significant driver of business innovation and competitiveness. According to Position Green, companies that are quick to adapt to this shift are likely to enjoy sustained success. While the transition may involve initial hurdles like the increased costs of data collection and evaluation, viewing ESG reporting as...