The future of reinsurance: Technology and skills gap in focus
The state of reinsurance pricing in 2023 is under scrutiny. With the landscape of risks evolving at an unprecedented pace, reinsurers are facing significant barriers to optimally underwriting risks. A staggering 70% of underwriters acknowledge that this rapidly changing environment presents the greatest challenge to their ability to underwrite risks effectively.
Unlocking the power of KYC Portal CLM in modern due diligence
In the complex world of finance, due diligence is essential for protecting a company’s reputation and financial well-being. As customer demands for convenience increase and regulatory scrutiny intensifies, finding a balance is more important than ever. The solution lies in an innovative tool—KYC Portal Customer Lifecycle Management (CLM). The RegTech company recently compiled a guide on its role in enhancing due diligence processes.
Palo Alto Networks reveals alarming cyber gaps in banking and insurance
In a study by Palo Alto Networks and IDC Research, the state of cyber resilience across EMEA has been brought into sharp focus.
Majority of business leaders optimistic about meeting sustainability disclosure requirements
Honeywell has released a survey stating over 80% of business leaders are confident their firms will comply with disclosure requirements.
Unlocking success: Navigating the IReF implementation for banks
The Integrated Reporting Framework (IReF), an initiative by the ECB, aims to streamline banks’ statistical reporting processes across the Eurozone.
From stagnation to transformation: How pricing reshapes the digital landscape for specialty insurers
Digital transformations have spurred exponential profitability across various sectors including ridesharing, retail, banking, and travel. However, according to hyperexponential, despite being a data-rich sector, the insurance industry has been slower in achieving this level of growth.
EBA unveils new set of indicators to identity potential consumer harm causes
The European Banking Authority (EBA) has published a new set of indicators aimed at identifying potential causes of consumer harm.
Invesco parts ways with Climate Action 100+, pushes direct climate engagement
Invesco has become the latest asset manager to withdraw from the Climate Action 100+ coalition.
WealthTech’s new horizon: Catering to the Millennial and Gen Z investment wave
The financial domain is on the brink of a transformative era, driven by the digital-first mindset of Millennials and Gen Z. These generations are not just reshaping the investment landscape with their tech-savviness and social awareness, but they're also the catalysts for the dynamic evolution of WealthTech. This sector is now keenly focused on tailoring its offerings to meet the unique preferences of these emergent financial powerhouses.
VakıfBank Revolutionises Document Submission with Scanbot SDK
VakıfBank stands as Turkey’s second-largest bank concerning asset size and loans. With a robust approach, the bank provides state-of-the-art products and services for corporate, commercial, and individual banking sectors. Adhering to modern banking standards, VakıfBank is paving the way for a higher savings rate in Turkey.