WTW announces newest version of loss-reserving software

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Willis Towers Watson has announced the launch of ResQ 5.2, the latest version of its loss-reserving software. ResQ 5.2 delivers a significant upgrade to the functionality of the software’s reserving and IFRS 17 reporting capabilities, the company said.

The latest version adds a new reserving feature in the form of a drag-and-drop Data Explorer function, which makes it easier to export the information from ResQ to a wide range of uses without needing to write code. Users can also export diagnostics to aid analysis and use the results in a variety of other systems, Willis Towers Watson said.

“Financial operating

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Is the current cryptocurrency regulatory clampdown set to continue?

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Regulatory bodies across the globe that are mandated to protect the financial services industry and consumers have started to exert continued pressure on cryptocurrency.

Is the current cryptocurrency regulatory clampdown set to continue?

The pressure started in May in Germany and the US, moved onto China and has now ended a tumultuous week in the UK.

A pushback against stocks-like products in Germany and tougher talk in Washington suggested that key financial regulators are bristling at cryptocurrency operators’ incursions into tightly-controlled public markets.

Crypto industry executives and securities law experts around the world were, in May, closely scrutinising the tussle

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Nordics merge digital wallets MobilePay, Vipps, Pivo across the region

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Danske Bank has agreed to merge three digital wallets MobilePay, Vipps and Pivo with respective owners OP Financial Group in Finland and the consortium of banks behind Vipps in Norway.

Nordics banks merge digital wallets MobilePay, Vipps and Pivo

The ambition is to create Europe’s best and most comprehensive digital wallet. Serving 11 million users and over 330,000 shops and web shops, the company will be one of the largest bank-owned mobile payment providers in Europe.

The parties wish to join forces to further strengthen product development and innovation and thereby provide a market-leading customer experience within payment solutions

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AXA publicises latest climate report

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AXA has announced the publication of its sixth climate report. The report fulfils legal requirements for non-financial reporting, as well as the voluntary approach of the Task Force on Climate-related Financial Disclosures (TFCD), which AXA has supported since its inception.

The report describes AXA’s responsible investment and insurance initiatives related to climate change. It also measures the company’s progress in its goal to reach the objectives of the Paris Agreement.

Among other things, the report highlights the “warming potential” methodology, which measures the impact of AXA’s investments on global warming by 2050. This year, that impact stands at 2.7°C, significantly

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