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FCA measures reveal desperate need to digitise insurance industry
Tim Hardcastle, CEO and founder of INSTANDA commented: “The measures implemented by the FCA this week are a hugely positive step for the insurance industry and regulators to co-ordinate support to the many families and small companies that even after extensive government support may still be struggling financially as a result of this pandemic.
“The primary challenge for insurers will be in how they can quickly adapt their systems and processes in order to meet the demands of these new measures in the most seamless and cost-effective way possible.
“The positive news is that there are a number of flexible digital solutions out there for insurers to enable them to bypass their outdated legacy systems and adapt at speed, whilst keeping operational costs to a minimum. This in turn will deliver real benefits to the end customer.
“The Covid-19 pandemic has brought to light the desperate need for digital transformation of the insurance sector and the FCA’s ruling is yet another example of this. Insurers must embrace technology and digitise their business as they seek to adapt to changing customer demands not just now, but also in the future.”
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
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