The UK remains a beacon for financial tech progress, particularly within RegTech—a sector that thrives as it tackles increasingly sophisticated regulations. At the pinnacle of this innovative domain, Detected has earned the top ranking on the prestigious RegTech 50 for 2023 list by BusinessCloud, a
EPIC's Allegations The privacy watchdog EPIC has filed a complaint with the FTC against Thomson Reuters's "Fraud Detect" software, arguing that its faulty fraud predictions could erode public trust. The tool analyzes a range of personal data, including individuals’ shopping and s
The insurance industry is facing a critical challenge with fraudulent claims, which cause significant financial losses. As a result, there has been a heightened necessity for increased security measures. Enter Artificial Intelligence (AI), a beacon of cutting-edge technology, which is
The FDA has approved a significant breakthrough in medical technology: the AI-powered Sepsis ImmunoScore by Prenosis. This advanced diagnostic tool promises to transform the identification and treatment of sepsis, a severe and often fatal infection response. Leveraging artificial intelligence, the
The Lawsuit Unfolds Claims of Deceptive Marketing A legal chapter against Bank of America unfolds as a case over a contentious overdraft fee relief program proceeds in the Northern District of California. Plaintiffs Anthony Ramirez, Mynor Villatoro Aldana, and Janet Hobson allege the bank lured
Advancing AI Governance Strengthening International Cooperation The U.S. and the U.K. have embarked on a joint mission to guide the ethical progression of AI technology. This alliance, inspired by pledges at the Bletchley Park AI Safety Summit, aims to lead the global AI safety dialogue by
Insurance underwriting is a fundamental process in the insurance industry, crucial for setting premiums that reflect the risk profile of each individual policyholder. It requires a nuanced evaluation that encompasses a range of personal and external factors to ensure the financial health of
Strategic Moves & Notable Appointments Tokio Marine Kiln (TMK) is poised to expand its influence in the Asia Pacific insurance market, highlighted by significant underwriting appointments. Jonathan Grossman, with his vast experience at Chubb and Allianz, joins TMK's Singapore office as the
Spring is upon us, and it's the perfect time to enhance your fitness routine. Garmin, a pioneer in GPS technology and smart fitness wearables, has announced a sale that could be a great opportunity for both fitness newcomers and veterans to acquire the latest gear. The sale may be just the
Insurance firms are increasingly leveraging behavioral data analytics to overhaul their industry operations. This technological evolution is leading to far more accurate assessments of risks, tailoring customer experiences to individual needs, and allowing these companies to tap into previously
