FINTECH Insights.

The market for ILS is expected to double to a volume of $87.3 billion by the year 2019. We estimate the value unlocked through the adoption of blockchain technologies to amount to approximately 20% of the total market size.

Data can be combined by its business meaning using knowledge graphs (ontologies) which has potential to reduce integration cost enormously.

What are the merits and demerits of implementing a common infrastructure encompassing all risk related functionalities?

There are several factors that should point out the relevance of RegTech for us as digital customers/end users.

RegTech was initially developed to tackle compliance reporting within financial institutions, the potential captured by RegTech to revolutionise regulatory spaces is not just limited to financial regulation, but rather across all other industries.

John O’Connell of Macquarie describes this hybrid model as the Robo doing the “donkey work” of analysis and the human advisor adding the “gamma” of his experience with clients.

How can a shift from an intransparent provision-biased market that has been created around financial uneducated and also uninterested customers look like?

Isn’t RegTech meant to help banks comply with increasing regulations? Who else needs RegTech?

The institutional market participants feel the pressure and most of them started to apply Environmental, Social and Governance (ESG) criteria to their selection process. A typical data-driven task which can be ideal to digital leaders such as robo-advisors.

This industry, is expected to manage ten percent of the world’s assets under management by 2020, but experts believe this figure will be heavily surpassed once a dominant player enters the robo-advisory arena.

Building digital identity schemes for the 21st century is such a vital endeavor, and a central piece for the financial services industry in general, and RegTech in particular

InsurTech firms may focus on the niche, cost conscious market, allowing traditional insurers to serve less price sensitive, convenience seeking customers.

Celent’s consensus is that there are 600-800 InsurTech start-ups globally focusing on four main themes

What if firms could change their attitudes and turn their regulatory requirements into business opportunities?

Wealth management in a broader sense includes other aspects that are as relevant as the pure investment returns.

A definition of InsurTech should cover different concepts that goes well beyond the idea of combining insurance and technology to include the social role of insurance

RegTech will change the entire value chain, from regulators and the political system, to compliance and regulatory advisers, auditors, regulated entities.

The end-to-end management of investments will be completely automated, decisions will be driven by aggregated data, algorithms and risk models.