Verdict Email The issues you care about
Financial Services
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4 Nov
Fintech trends: Artificial intelligence leads Twitter mentions in Q3 2019
Verdict lists the top five terms tweeted in fintech in Q3 2019, based on data from GlobalData’s Influencer Platform.
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1 Nov
Income protection must adapt for uncertain incomes
Income protection insurers must create tailored policies for self-employed, gig, and zero-hour contract workers that acknowledge uncertain incomes and potential periods of unemployment.
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25 Oct
India’s government to inject $32bn into state-controlled banks
The Indian government has announced plans to inject an unprecedented 2.11trn rupees ($32bn) into large state-controlled banks.
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25 Oct
Italy’s oldest bank Monte dei Paschi di Siena trades below bailout price on return to the market
Italy’s oldest bank Monte dei Paschi di Siena has returned to the market after a 10-month hiatus.
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24 Oct
Personal cyber attack insurance: has it come to this?
Cyber insurance is now a requirement for businesses, yet the need for personal protection is growing and personal cyber attack insurance could become normal soon.
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24 Oct
Who could replace Janet Yellen as Fed chair?
US president Donald Trump is expected to name the new chair of the US central bank before he departs for his 12-day trip to Asia on 3 November.
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24 Oct
We took a tour around Bloomberg’s new $1.3bn London office
Bloomberg, the New York based financial services, data, and media giant, has just opened a new headquarters in the City of London.
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20 Oct
Bitcoin just hit $6,000. What’s pushing it up?
Bitcoin, the world’s most popular cryptocurrency, has climbed by almost five percent in 24 hours to hit $6,000 per bitcoin on the popular Bitstamp exchange.
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19 Oct
LSE CEO Xavier Rolet will step down next year but what has he achieved?
Xavier Rolet will step down as chief executive of the London Stock Exchange (LSE) by the end of next year.
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17 Oct
These deals may not have happened under new UK government investment proposals
Under proposals announced on Tuesday, the UK government hopes to make it easier for ministers to intervene in mergers and takeovers when national security concerns arise .
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17 Oct
These five trends are changing the world of financial services
The world of financial services is changing.
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16 Oct
Ukraine’s central bank bans Russia’s new banknote featuring Crimean landmarks
The National Bank of Ukraine (NBU) has ruled that financial institutions in the country will not be allowed to handle new Russian banknotes that feature landmarks from annexed Crimea.
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16 Oct
Macron must do more if he wants to bring French wealth home
French president Emmanuel Macron’s decision to ease the wealth tax will receive a warm welcome from French millionaires.
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13 Oct
Citi Bank reveals its plans for European private banking after Brexit
Citi Bank has become the latest financial institution to reveal its post-Brexit plans.
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13 Oct
Insurtech: can peer-to-peer insurance really work?
Insurtech company Guevara closed down last month, casting doubt over the future of the peer-to-peer insurance model.
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11 Oct
BlackRock’s success boosted by focus on passive funds
BlackRock, the world’s biggest asset manager, is set to control close to $6tn in the coming months, judging by the company’s third-quarter results released on Thursday.
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11 Oct
Catalan suspends declaration of independence: how have the markets reacted?
Catalan president Carles Puigdemont and other regional leaders signed a suspended declaration of independence from Spain last night, easing concerns of immediate unrest.
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9 Oct
Brexit: Deutsche Börse steps up efforts to replace London’s euro clearing dominance
The German exchange Deutsche Börse is stepping up its efforts to replace London as the biggest euro derivatives clearing market after Brexit.
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4 Oct
Microsoft’s director of financial services: the future of fintech lies in AI
If there’s anyone who can talk about the rise of fintech (financial technology) and where the sector is going, its Microsoft’s director of financial services, Richard Peers.
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3 Oct
AI set to dominate agenda at Money20/20
For banks looking to differentiate themselves, providing good customer experience is essential — but not always easy.
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3 Oct
Amazon has set its sights on the insurance industry. Here’s why insurers should be worried
Amazon’s success as a digital retailer has won it fans in the insurance industry for its innovation and customer centric model.
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2 Oct
The UK’s challenger banks are throwing away the rulebook in pursuit of customers – but is this the right approach?
The UK’s financial sector has been undergoing somewhat of a change in the past seven years as a result of challenger banks.
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28 Sep
HSBC will be the first UK bank to let you manage up to 21 accounts at once
UK banking giant HSBC will be the first high-street lender to launch an app next year that aggregates bank accounts.
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25 Sep
Why is Saudi Arabia returning to international conventional bond markets?
Saudi Arabia, the Gulf’s largest economy, is expected to return to international bond markets as soon as this week.
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19 Sep
UK financial advice: is a price war on the horizon?
UK-based wealth managers are uncertain what effect the new EU regulations will have on their relationships with clients.
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18 Sep
Central banks need to wake up to bitcoin and cryptocurrencies, says the BIS
The Bank for International Settlements (BIS), often known as the central banks’ central bank, has warned that financial institutions can’t ignore cryptocurrencies like bitcoin.
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18 Sep
Brexit: HSBC admits weak pound prediction was wrong
Banking giant HSBC has admitted “defeat” on its prediction that the pound will drop to $1.20 against the dollar by the end of the year.
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14 Sep
Investment consultants investigated by UK competition watchdog
In the first ever request of its kind, the UK’s financial watchdog formally referred investment consultants to the Competition and Markets Authority (CMA).
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11 Sep
World financial center: London tops the list despite Brexit but how did everywhere else do?
Despite Brexit uncertainty, London remains the world’s most attractive financial center, outdoing big cities including New York, Hong Kong and Tokyo.
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8 Sep
The Co-op is using chatbots for insurance quotes: the future or a cheap gimmick?
Co-operative Insurance has launched the first pricing estimate chatbot in the UK car insurance industry, via Facebook Messenger.