Should FinTech companies worry about the current market?
The financial market is going through a rough patch. The rising cost of living, soaring inflation rates, war in Ukraine and the post-pandemic environment is having a major impact on businesses and individuals. Companies are starting to feel the pinch and the FinTech sector is among them. However, how bad is it for FinTechs?
New and emerging risks: a bumpy road ahead for insurance
Innovation in the insurance industry is not just important, it is essential. A more dynamic market has meant insurers are venturing into non-traditional sectors as well as looking for more advanced ways of serving existing markets. The industry must ramp up its innovation efforts if it is to tackle increasingly threatening risks, such as climate events and cyber-attacks.
How FNZ is improving the foundations of a three lines of defence model
It is no secret that regulators around the world are becoming increasingly tougher on financial services companies. There is an unrelenting level of regulation being drafted and fines are hitting eyewatering sums. A report from Finbold pegged fines for non-compliance with AML, KYC and data privacy regulations at a total of €12bn in 2020.
How Tractable is tapping into the power of AI
Inspired by advances in machine vision, neural networks and the new possibilities for AI systems, two computer science graduates formed a team of researchers and engineers at Tractable to explore the real-world opportunities of applying deep learning to image classification.
WealthTech is really heating up in Europe
The WealthTech market continues to grow at a rapid rate. The wealth management platform market is expected to grow at a 13.8% CAGR to reach $9.18bn by 2028, according to research from Insight Partners. The value of the market in 2021 was $3.71bn.
How Electronic IDentification is paving the way for digital identification technology
Much like the initial scepticism to credit cards when they were first introduced, there has been some apprehension over the use of e-trust solutions. However, the industry is proving they are secure and effective, and their use is on the rise. Electronic IDentification is on a mission to make digital identity solutions the norm.
Is Tesla auto insurance Musk’s new frontier for disruption?
The roll-out of Tesla’s data insurance product is well underway in the US, promising its safe-driving customers up to 60% off their premiums, and freedom from being judged by conventional underwriting factors such as age and gender. But what will the impact on the rest of the market be? And will the venture last?
How is FinTech supporting the LGBTQ+ community?
Pride month is about celebrating the LGBTQ+ community and increasing discussions around equality. However, support from the community should not just be localised for that month, it should be consistent throughout the year. The FinTech market has often boasted itself as being at the forefront of change, but what is the sector like for the LGBTQ+ community?
How digital onboarding is crucial for customer-centricity
Companies are facing increasing pressures to streamline customer-facing processes. The digital ecosystem emphasizes a world where people want things completed instantly and poor experiences mean switching to other providers. Chor Teh - financial crime compliance industry practice lead at Moody’s Analytics - has explored why customers should be at the front of onboarding processes.
Anne Boden to chair female-focused taskforce
The UK government has launched a taskforce, backed and chaired by Starling Bank CEO and founder Anne Boden, to support women entrepreneurs and women-led startups.