Transamerica Life Bermuda names Singapore sales & distribution chief

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Transamerica Life Bermuda Ltd (TLB) has appointed Ji Hsien Lim (pictured) as its head of sales & distribution for its Singapore branch office.   

Lim reports to TLB’s global head of sales and distribution Jeremy Young and Singapore chief executive Benjamin Chua. 

In this role, Lim will be responsible for leading the distribution team and executing the company’s distribution strategy to drive profitable sales and accelerate business growth in Singapore, the company said in a statement. This involves cultivating key relationships with brokers, private banks and other financial firms to further expand TLB’s distribution channels.

Lim has been in the financial

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Chubb report examines what is exposing SMEs

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The insurance giant, in collaboration with Accenture, surveyed 1,350 SME professionals and executives from nine markets worldwide, and identified four major trends that these businesses are pursuing to achieve digital transformation.

Digital-first communication: Around half of the respondents said they are improving digital channels to reach customers at the right time and place, with 45{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} focusing on seamless delivery of products and 46{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} prioritizing products and services tailored to meet the needs of multiple generations.

Harnessing the power of data: Businesses are also placing high importance on the adoption of cloud technology, with three-fourths of those interviewed saying investing in

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Robinhood hit with $70 million FINRA misconduct fine

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Robinhood has been fined $70 million for “systemic” failures, including systems outages, providing “false or misleading” information, and weak options trading controls, that harmed millions of customers.

Robinhood hit with $70 million FINRA fine

The Financial Industry Regulatory Authority (FINRA) fine is the latest hit to Robinhood’s reputation.

The broker, which has been credited with democratizing trading, is under scrutiny by federal and state policymakers following this year’s meme-stock fiasco which raised questions over the California firm’s business model, risk management and customer treatment.

However, the sweeping agreement, which resolves alleged FINRA violations dating back to September 2016, likely paves

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370{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} growth in use of virtual card transaction globally

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A new study by Juniper Research has found that the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021.

Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments.

The research identified that businesses will value the simplicity of virtual cards, compared to the expensive and slow methods still being used, such as cheque payments, which remain popular in the US.

The new research predicts that outside of the dynamic B2B market, the added security from virtual cards will also appeal

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