All insurance policies should provide clarity on cyber attacks: Lloyds Bank

A coordinated global cyber attack could cause economic damage anywhere between $85 billion and $193 billion. Britain’s retail and commercial banking giant Lloyds Bank Plc stated, all insurance and reinsurance policies should clearly state whether they will cover losses caused by a cyber attack; this would be in the best interest of customers and brokers.…

Investment platform brings Britain’s Revolut into established financial services groups territory

Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…