Fintech startups turn to investment innovation, says report

UK fintech startups have moved away from payment solutions and are now focussed on investment management, according to a report from PricewaterhouseCoopers (PwC) and Startupbootcamp.

Fintech startups turn to investment innovation, says report

UK fintech startups have moved away from payment solutions and are now focussed on investment management, according to a report from PricewaterhouseCoopers (PwC) and Startupbootcamp.

China tightens purchase of Hong Kong insurance from mainland

Chinese regulators plan to make it more difficult for mainland consumers to buy insurance products from Hong Kong, China News has reported.

Insurance competition law exemption may not be renewed

Insurance companies should review certain agreements and practices they have with other businesses in their market to ensure compliance with EU competition rules in light of an announcement that an exemption from those rules might be lifted, an expert has said.

Third party insurance claims settling not VAT exempt, CJEU rules

Insurance claims settlement services which are outsourced to a third party are subject to VAT, even where these services are provided "in the name and on behalf of" the insurer, the EU's highest court has ruled.

Budget 2016: chancellor's plans give financial firms opportunity to develop guidance solutions, says expert

Plans to reform the way public financial guidance is delivered in the UK could present new opportunities to financial firms to develop their financial guidance tools, an expert has said.

Uncertainty over UK implementation of PSD2 is stifling innovation, businesses warn

Uncertainty over the way the UK will implement the updated EU Payment Services Directive (PSD2) is stifling innovation, businesses have warned.

Major UK insurers have big 'big data' plans for 2016

More than three quarters of the UK's biggest insurers instead to give more focus to the way they use data this year, according to new research.

Life insurance exit fees for long-standing customers need further review, says regulator

The Financial Conduct Authority (FCA) is to further review charges paid by long-standing customers of six life insurance providers in order to ensure that those customers are being treated "fairly".

Hong Kong must embrace fintech or risk losing its status as a major global financial services hub, says expert

Hong Kong must embrace the revolution in financial technology or risk losing its status as one of foremost centres for financial services in the world, an expert has said.

FCA to pilot comparable insurance claim 'scorecards'

The UK's Financial Conduct Authority (FCA) is to publish data on insurers' claim acceptance rates and average payouts, as part of a "pilot" aimed at making it easier for consumers to compare products and firms.