Key pitfalls firms should avoid when implementing CSRD
The Corporate Sustainability Reporting Directive (CSRD) was introduced in Europe at the beginning of the year. It replaced the Non-Financial Reporting Directive (NFRD) and bolstered the scope of reporting, with the aim of enhancing transparency and comparability of ESG data across the EU so stakeholders can easily evaluate the sustainability performance of companies.
Loss control: Underwriting’s secret weapon
In the competitive landscape of insurance underwriting, the integration of risk data is emerging as a secret weapon to enhance the performance of your underwriting team. One way this can be exploited is through the use of loss control, a risk management method aimed at decreasing the likelihood of losses occurring and minimising the impact of any that do happen. Due to the clear benefits of this, numerous key industry players are now claiming that advanced loss control practices can transform the traditional underwriting processes, reducing claims while increasing renewals and premiums.
How the incoming Labour government can support the UK FinTech market
After 14 years in opposition, the UK Labour Party this morning returned to government, defeating the Conservative Party in a landslide. How can an...
Is automated underwriting InsurTech’s silver bullet?
Often seen as an industry lambasted for a lack of change, the insurance sector has opened its eyes to a swathe of potential innovative technologies that could revolutionise the sector throughout 2024. At the height of this movement, the principle of automated underwriting emerged as the industry’s great fascination, with its potential to truly become the sector’s silver bullet.
How should RegTechs be preparing for DORA?
The DORA is a EU regulation that entered into force on 16 January 2023 and is currently set to apply as of 17 January 2025.
How Qkvin is helping financial institutions tackle the 5 major financial crime challenges
FinTech Global recently spoke to RegTech firm Qkvin to explore what the five major challenges financial institutions face with financial crime and how Qkvin can resolve them.
Finding the right RegTech partner for you – Part 2
The global RegTech sector is projected to reach a value of $66.9bn by 2032, growing at a 22.6% CAGR from 2023, according to a report from Allied Market Research. Given its size, it is evident that the market is full of various types of RegTech solutions all claiming to revolutionise the output of compliance teams.
How is Generative AI impacting the KYC process?
Ever since its launch in November 2022, Generative AI has been the topic of discussion on everyone's lips when it comes to discussing transformational...
Balancing privacy and personalisation: Social media data in investing
Personalisation has continued to feature as an integral part of digitalisation strategies. Spurred on by the demand for it by consumers, companies across the financial services landscape are transforming their products to be personalised to specific customer needs.
How can AI transform customer onboarding?
The role of artificial intelligence is continuing to evolve within the FinTech sector. As firms get to grips with the technology's potential, many stakeholders...