You can order goods online to be delivered from China or from anywhere else in the world, it's startling how local the world of financial products is.
Microinsurance will have the best chance to evolve, P2P insurance may decline in some regions while prospering in others, new forms of health insurance has the potential for growth in the countries where IoT and drones sound like a fantasy.
With renewed pressure to tamp down costs and adjust to volatile conditions financial organizations have currently little confidence in their ability to manage risk, especially in technology and operations.
The relationship of trades to global financial risks through the integration of transaction, client, instrument, financial data. The RegTech dashboard.
Technology is providing greater access to more real-time information via marketplaces where investors and customers can meet on supply and demand basis.
Meta description preview:By FINTECH Books Contributor, Nirvana Farhadi Follow: @NirvanaFarhadi
Data portability under the GDPR is intended to drive competition.The FCA see dashboards as a way to help make financial advice available to the mass market.
Relying on relatively old asset allocation methodologies and a limited type of products, there are clear benefits by having extended the range of clients.
Such controls include the requirement that banks should be able to identify all the spreadsheets used in critical processes and ensure that all data and calculations used in such processes are adequately policed by internal compliance departments.
Home insurance hasn't adapted to the era of Airbnb and car insurance is even more hopeless when it comes to Uber and the sharing economy.