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LATEST PUBLICATIONS



Attacks on Red Sea Shipping Menace 12% of Global Trade as War Risk Premiums Rise

December 6, 2023

Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce in a conduit for 12% of world trade. War-risk premiums for some vessels have been climbing since shortly after the […]


Who wants Apple’s credit card? Analysts weigh in.

December 1, 2023

As tech giant Apple winds down its partnership with investment bank Goldman Sachs, it will need to find a new card issuer to back its credit card. And given the size of the business, there’s a small pool of suitors, […]


Evolving Trends in Mobile Banking: Shaping the Future of Financial Technology

November 21, 2023

Category: Channels

In the dynamic landscape of financial technology, mobile banking has emerged as a transformative force, revolutionizing the way individuals manage their finances. The evolution of mobile banking is a testament to the relentless pursuit of convenience and efficiency in the […]


Capital and Risk, Insurance

U.S. Senate Committee Wants Investigation into Florida Citizens’ Loss Reserves

December 1, 2023

Via: Insurance Journal

The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is […]


Activity, Corporate Banking

US fintech start-up CapitalOS emerges from stealth with $39m in equity and debt financing

November 30, 2023

Via: FinTech Futures

The equity round was led by Group 11 with participation from Upper90, Vera Equity, Slow Ventures and angel investors from other fintech companies. Founded by former employees of Microsoft, Stripe, Lyft and Tipalti in 2022, CapitalOS says its software enables […]


Capital and Risk, Insurance

Missouri Employers Will See Reduced Workers’ Compensation Rates in 2024

November 30, 2023

Via: Insurance Journal

The Missouri Department of Commerce and Insurance said that employers should see a reduction in workers’ compensation rates in 2024, the third straight year of declining rates. The NCCI recently proposed an overall decrease of 7.5 percent for 2024 workers’ […]


Regulations

Bank of America to pay $12M over lax mortgage data reporting

November 29, 2023

Via: Banking Dive

Bank of America agreed to pay $12 million to settle allegations that hundreds of its loan officers failed to collect required demographic data from mortgage applicants — specifically, race, ethnicity and sex — but reported to the Consumer Financial Protection […]


News

JPMorgan pushes up UK digital bank’s break-even timeline

November 29, 2023

Via: Banking Dive

JPMorgan Chase now expects its U.K. consumer operation to break even in 12 to 18 months, the bank’s president, Daniel Pinto, told observers at a conference Tuesday, according to Reuters. That’s at least two years ahead of a previously referenced […]