Insurance Regulation

FCA Proposes More Support For Mortgage Borrowers Later in 2020

The Financial Conduct Authority (FCA) has announced proposals to ensure that firms provide tailored support to mortgage borrowers who continue to face payment difficulties due to coronavirus. Recently the MSM covered the extra support offered […]

Global insurance trends

Vitesse Raises £6.6m in Series A Round, Octopus & Hoxton Join In

Vitesse, the company providing real-time cross-border payments, today announced it has raised £6.6 million in Series A funding. The round was led by Octopus Ventures, with participation from existing shareholders including Hoxton Ventures and other angel […]

Fraud

Amazon Puts AI Powered Fraud Alert System On General Release

Amazon Web Services Inc. (AWS), an Amazon.com company, recently announced the general availability of Amazon Fraud Detector, a fully managed service that makes it easy to quickly identify potentially fraudulent online activities like online payment […]

Insurance Regulation

FCA Updates Guidance on Vulnerable Customers

The FCA has set out new best practice guidance for firms to do more to protect vulnerable consumers. There’s some comment from Huntswood below too. More than 24 million people display one or more potential characteristics […]

Insurance Brokers

Ordo Cuts Costs for SMEs on Instant Card Payments

UK small businesses spend 1% – 4% on receiving each cash, cheque or card payment – around £6 on a £200 bill…that’s a couple of coffees or lunch businesses are shouting their payment company on every transaction. […]

InsureTech

India: Jio and Qualcomm Team Up on Huge 5G Rollout for SMEs

Insurers who want to do business in India will be interested to learn that the largest mobile network in the country, Jio Platforms, has formed a partnership with Qualcomm Ventures. The aim? Reliable 5G connectivity […]

Global insurance trends

US Market: Late Payments Are Putting the Squeeze on Businesses

Late payments have soared in the USMCA region as businesses are squeezed by the impact of COVID-19, reveals the latest research by leading trade credit insurer Atradius. The annual Payment Practices Barometer by Atradius analyses the payment behaviours […]

Global insurance trends

GlobalData Sees Tough Time Ahead for Canada Insurance Sector

COVID-19 pandemic has entailed a greater degree of adoption of digitalization by brokers, agents and insurers in the Canadian insurance industry to ensure remote connectivity with customers, says GlobalData, a leading data and analytics company. […]