News
AI could 'reduce reliance on intermediaries', FCA report admits
4+ hour, 16+ min ago (542+ words) The report identifies four major AI driven shifts likely to impact retail financial services. A new review by the FCA sets out how AI could reshape financial services for consumers, firms, markets and regulators by 2030 and beyond. Led by FCA…...
Quantum Mortgages launches product transfer range
1+ mon, 4+ day ago (154+ words) Product transfers are available across all product ranges and will not be subject to any additional underwriting." Specialist buy-to-let and bridging lender, Quantum Mortgages, has announced the launch of its product transfer range. The product transfer range allows borrowers who…...
AI highlights the need for speed among networks
1+ mon, 1+ week ago (878+ words) Ahmed Bawa, CEO of Rosemount Financial Solutions (IFA), explores how networks support their members in what has become an increasingly demanding professional landscape. The way financial advisers connect with their clients is changing rapidly, placing new and significant demands on…...
Firms must take action to prevent AI-driven attacks, FCA and Bank of England warn
1+ mon, 2+ week ago (322+ words) Regulated firms need to take action to plan for and mitigate cybersecurity risks posed by frontier AI, the regulators warn. The Bank of England, FCA and Treasury have released a joint statement on Frontier AI models and cyber resilience. The…...
Lloyds Banking Group appoints chief data and AI officer
2+ mon, 2+ week ago (210+ words) Sameer will lead how artificial intelligence is further embedded across the Group. Lloyds Banking Group has appointed Sameer Gupta as its new chief data and AI officer as it continues to roll out artificial intelligence to enhance products and services....
Google News
3+ mon, 4+ day ago (10+ words) Pure Retirement launches introducer-facing resources for advisers'financialreporter. co. uk...
Data protection not a barrier to collecting and sharing vulnerability data, FCA and ICO say
3+ mon, 1+ week ago (249+ words) The statement emphasises that data protection law should not be seen as a barrier to providing tailored, helpful support to those who may need it most. Financial firms have been given fresh clarity on how to balance customer communication obligations…...
Twenty7tec introduces proactive monitoring solution to safeguard adviser pipelines
4+ mon, 10+ hour ago (162+ words) ADAPT ensures advisers are automatically alerted when a selected product is impacted by amended pricing, fees or criteria. Twenty7tec has announced the launch of ADAPT, an upgrade to its RESEARCH platform designed to help advisers stay ahead of product withdrawals, rate…...
PEXA joins Bank of England's Synchronisation Lab to drive property transaction reform
4+ mon, 3+ week ago (209+ words) PEXA will work with the Lab to demonstrate its use case and technology at scale without the need for additional investment within the UK's banking infrastructure. Digital property completions and data insights firm, PEXA, has been selected to take part…...
Six banks and building societies join FCA's new Scale-up Unit
5+ mon, 3+ day ago (495+ words) The Unit aims to help lenders develop new products, attract new customers, and move into new markets." The FCA and PRA have announced the first cohort of banks and building societies to benefit from their joint Scale-up Unit. The Scale-up…...