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New appointments at Etrali

Brad Gorton and Paul Klebinder have been appointed managing directors of the UK & Ireland, and France & Italy, respectively at Etrali Trading Solutions, a voice-based trading software, compliance and communications company.

/Insurance

Defaqto swaps private equity owner

Defaqto Group, a benchmarking company that provides a number of ratings and data analysis services to financial institutions, has swapped its private equity owners after Foresight Group sold its share in the firm to the management, backed by a majority investment of £24.25m from UK PE firm Synova Capital.

AXA sets up EUR200 million disruptive venture fund

/Insurance

AXA sets up EUR200 million disruptive venture fund

AXA has launched a EUR200 million venture capital fund dedicated to investing in budding strategic innovations in the insurance, asset management, financial technology and healthcare service industries.

Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

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Banks and MNOs set for sub-Saharan African mobile money market fee bonanza

The sub-Saharan mobile money revolution is set to net providers such as telcos and banks as much as $1.5 billion in fees by 2019, according to research from the Boston Consulting Group (BCG).

Apple and IBM unveil apps for FS firms

/Insurance

Apple and IBM unveil apps for FS firms

Apple and IBM have unveiled their first wave of mobile applications aimed at enterprises, enlisting the backing of Citi for financial services-targeted efforts.

London event challenges fintech-types to launch a startup in a weekend

/Insurance

London event challenges fintech-types to launch a startup in a weekend

Fintech developers, designers and entrepreneurs are being invited to gather in London next month for a 54-hour hackathon that could see them win help from industry heavyweights to develop their ideas.

/Insurance

Diligenta scores Friends Life contract

Diligenta, a leading Life and Pensions BPO provider in the UK, and a subsidiary of Tata Consultancy Services (TCS), the leading IT services, consulting and business solutions organization, today announced that it has secured a new multi-million pound, multi-year contract with Friends Life Management Services Limited (Friends Life) for its international operation.

Boosting customer experience is top IT priority for UK and Ireland FS firms

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Boosting customer experience is top IT priority for UK and Ireland FS firms

Improving customer experience has overtaken cost-cutting as the main priority for IT decision makers at British and Irish financial services firms, according to a survey commissioned by Fujitsu.

More Th>n telematics app slashes insurance costs for safe drivers

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More Th>n telematics app slashes insurance costs for safe drivers

UK insurer More Th>n is promising car owners up to 20% off their premiums if they use a new telematics app which assesses their driving style.

Tesco Bank introduces telematics-based car insurance policy for young drivers

/Insurance

Tesco Bank introduces telematics-based car insurance policy for young drivers

Tesco Bank has launched an insurance product for young drivers that comes with a black box which is installed in their cars and tracks behaviour behind the wheel.

Ribbit Capital raises $100m for financial innovation fund

/Insurance

Ribbit Capital raises $100m for financial innovation fund

Ribbit Capital, a new Silicon Valley-based venture capital fund focused purely on investing in innovative, tech-led financial services firms, has launched after closing its own $100 million fund.

RBS confirms Direct Line IPO

/Insurance

RBS confirms Direct Line IPO

The Royal Bank of Scotland has confirmed plans to offload its Direct Line insurance business in an initial public offering that analysts suggest could be worth £3 billion.

Google launches UK car insurance price comparison service

/Insurance

Google launches UK car insurance price comparison service

Google has introduced a UK price comparison service for car insurance, adding to the search giant's credit card and bank account offerings.

Credit Suisse shifts back office jobs from Singapore to India and Poland

/Insurance

Credit Suisse shifts back office jobs from Singapore to India and Poland

Credit Suisse is shifting dozens of back office jobs from Singapore to India and Poland in a bid to cut costs, according to the Financial Times.

Aviva to trial 'pay-how-you-drive' smartphone insurance app

/Insurance

Aviva to trial 'pay-how-you-drive' smartphone insurance app

Aviva is inviting motorists to trial a new smartphone app which will be used to calculate tailored 'pay-how-you-drive' motor insurance premiums.

Cognizant wins $330m ING US contract

/Insurance

Cognizant wins $330m ING US contract

ING US has inked a seven year, $330 million, insurance business process services contract with Cognizant that sees 1000 employees transfer to the vendor.

Aviva accidentally fires all 1300 staff at investment arm

/Insurance

Aviva accidentally fires all 1300 staff at investment arm

Aviva Investors accidentally fired all 1300 of its global staff by e-mail on Friday, before realising its error and retracting the dismissals.

SIX Swiss Exchange glitch delays trading

/Insurance

SIX Swiss Exchange glitch delays trading

SIX Swiss Exchange has been forced to delay the start of trading by three hours because of a "technical problem".

Aviva risk staff ditch pen and paper for Blackberry PlayBooks

/Insurance

Aviva risk staff ditch pen and paper for Blackberry PlayBooks

Insurance giant Aviva is handing its UK risk assessment staff Blackberry PlayBook tablets with a bespoke application.

Aviva to cut 950 Irish jobs

/Insurance

Aviva to cut 950 Irish jobs

Insurance giant Aviva is set to axe around 950 jobs in Ireland, merging its operations in the country with the UK business.

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