Articles

  • 3 weeks ago | moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Lyndon White

    The Chartered Insurance Institute (CII) has said institutions and individuals must be held accountable for decisions made using artificial intelligence (AI). The CII made the call recently in recommendations submitted to the Treasury Select Committee (TSC). It said institutions should be held responsible for decisions made by the algorithms that they use, “even if it is not feasible to explain in detail how the algorithms produce their results”.

  • 1 month ago | moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray

    Standard Life has experienced “rampant growth” in terms of digital engagement across all age groups, with more than 25 million logins last year. Head of digital and user experience at Standard Life’s parent company Phoenix Group, Andy Young, told Money Marketing that, of those 25 million logins, 66% were on the app.

  • 2 months ago | moneymarketing.co.uk | Dan Cooper |Gillian Hepburn |Momodou Musa Touray |Russell Lancaster

    The Personal Finance Society (PFS) has published new guidance that consolidates Consumer Duty resources to support firms and personal finance professionals with evidencing compliance. Noting the current regulatory environment is “characterised by heightened scrutiny and challenge”, the guidance recommends technological solutions to enhance accessibility and improve service delivery.

  • 2 months ago | moneymarketing.co.uk | Dan Cooper |Kimberley Dondo |Momodou Musa Touray |Tom Selby

    FNZ has appointed Aashish Kamat as group chief financial officer (CFO). Kamat, who has over 32 years experience in banking, financial services and private equity, will also become a member of the executive committee. Between 2019-2021, he was co-managing partner at L Catterton’s GCC Asia Growth Fund, and a senior partner in the Singapore Office. Prior to this, Kamat held multiple senior roles across wholesale, investment, private and consumer banking.

  • Jan 28, 2025 | moneymarketing.co.uk | Dan Cooper |Andrew Tully |Momodou Musa Touray

    Evelyn Partners has announced that Bahador (Bids) Mahvelati will join the firm in March as chief operations officer. He will also be serve as a member of the group’s executive committee as the business refocuses exclusively on wealth management. His appointment is subject to regulatory approval. Mahvelati will join Evelyn Partners from PwC UK, where he is a strategy and operations Partner and leads the financial services value creation practice.

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