FINTECH Insights.

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.

Innovation is rather developed outside of established players in the financial markets, by startups for which the regulators seem rather indecisive on how to approach them.

Perhaps what is needed is not more regulation, but a standardised and simplified application across the sector, supported by automation through software.

Change is hard. As human beings, we get comfortable and feel secure, so when things change, it can be unsettling to say the least. Specifically, the asset management industry is going through a period of rapid digital transformation and change.

“RegTech” is a massive opportunity to create a vibrant surrounding ecosystem at scale while increasing productivity, lowering transaction cost and improving operational resilience.

Digitalization and fiduciary movements are both trending at the exact same time within the wealth advice space, creating new technology requirements and opportunities.

Being smart is getting tougher with time. Data is becoming increasingly cheap, open and accessible. Making the data work not only for its narrow purpose, but for the purpose of understanding the business.

A smarter approach to inherently build trust framework in every element of finance could make regulation invisible but omnipresent.

The next wave in WealthTech will be defined by five major trends with more ‘financial smartness’ and ‘financial creativity’ in the WealthTech arena.

Is it possible to effectively apply the blockchain technology to support in a cost-effective way any compliance aspect on the personal data protection field? The presented use case shows a possible solution for solving the issue with management of consents to use personal data.

I am sure you can imagine a world where insurance is far simpler to both buy or to claim – it is almost upon us since there are already a growing number of InsurTECH companies where this is exactly what they’ve set out to do.

Most financial advisors are in a state of denial about robo-advice. They say clients value the human touch or need real people to understand the nuances of their financial lives. They’re wrong.

Traditional “insurance moguls” must deal with small and efficient startups and sharing economy ideas, using changing behavioral patterns in a digital world as their advantage.

Wealth management operations should inevitably establish digital technologies into their performance spectrum. In doing so, the key to success is to address customers across multiple channels

Companies including Google, Fitbit, Pfizer are heavily investing in developing new biometric sensors. Combined with Machine Learning, the information from these sensors can be used for different purposes

Insufficient public safety measures; coupled with improved economic climate and a booming construction industry, has facilitated the rise in the global requirement for real-time regulatory compliance and best-practice.

Ever get a little bit tired of all the hype, buzzwords, egos, etc. that come with the fintech territory?  My cure – spend five minutes chatting with Susanne Chishti. Her energy and passion for the space will jump start your own enthusiasm for digital disruption (I had to throw in a buzzword phrase).

Even in today’s connected world, the insurance agent or broker remains the most diffused means for selling non-compulsory insurance coverage to potential customers