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First Open Banking pilot goes live for Castlight Financial’s Affordability Passport

Castlight Financial, the Glasgow-based financial capability company, is partnering with Paradigm Mortgage Services and Foundation Home Loans to launch a major pilot of its Affordability Passport, an affordability tool powered by open banking technology, which allows brokers to process mortgages in under 10 minutes. Read more

Hunting Elk and the Principles of Underwriting

Who would have thought the History of Insurance would be a gripping read? But dipping into Andrew Beattie’s article over Christmas, in between raids on the festive Quality Street, I discovered that the very first written insurance policy appeared on a Babylonian obelisk, back in 1754BC. King Hammurabi of Mesopotamia created 282 laws that set standards of conduct and justice for his empire and had them carved on a seven and a half foot obelisk. One of the laws offered basic insurance in that a debtor didn’t have to pay back his loans if some personal catastrophe made it impossible. Read more