BankTech

A Perfect Storm of Opportunity in Mobile Banking

It’s been a decade since the Apple iPhone’s App Store came online, bringing with it an entirely new engagement channel for businesses, and changing how consumers everywhere interact, play, and shop. The intervening time has seen cycle after cycle of explosive mobile fragmentation, followed by consolidation. Standalone apps launched for...

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InsurTech

Taking Insurance to the Next Level with InsurTech Partnerships – European Experience

When analyzing insurer-InsurTech partnerships, we looked at a total of 95 partnerships established by 25 incumbents with several InsurTech startups and categorized those partnerships across major areas of operations. While the number of integrations, scale, and areas of operations where those integrations are being tested today vary, integrations/technology adoptions are...

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InsurTech

A Journey to Digital Transformation: Collaborative Innovation in the US Insurance Industry

With the evolution of bank-FinTech narrative from competition to collaborative innovation, the insurance industry was bound to follow the steps, re-evaluating risk management frameworks in place, re-building customer experience, and overall, taking a fresh look at the insurance value chain to explore opportunities that technology companies offer. “InsurTech innovation is...

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InsurTech

Insurance Incumbents Are Moving Ahead in Their Quest Towards Digital Transformation Through InsurTech Partnerships

The general trend in the global financial services industry has been shifting from disruption to collaboration. While incumbents are looking for innovations, startups are looking for scale. Thus, the growing collaboration between them is delivering win-win benefits at multiple fronts across FinServ. Leading in this race for collaborative innovation are...

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RegTech

KYC for Businesses – A Deep Dive

While banks and financial institutions have a monetary incentive to add as many new companies and individuals as possible to their banking system, they face many challenges in executing the onboarding process for new customers. Over the past few years, the Know Your Customer (KYC) and Know Your Business (KYB)...

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Payments

Kenya: Building the Cashless Future of Africa

Source: Cashless Africa, Provoke.fm Africa is poised to be a 3-trillion-dollar economy by 2030. Kenya, with the success of M-Pesa, has been the economic powerhouse of East Africa and has a goal to become a developed economy by 2030, Rachel Morrissey, Senior Producer at Provoke.fm, shares. The widely adopted digital...

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InsurTech

FinTech Firms in Asia Raised $858 Million in May 2018

FinTech firms in Asia raised close to $857.7 million across 33 disclosed financing deals, including two ICOs. The total number of FinTech financing deals in Asia in May 2018 was 40. The largest number of deals were made in India (47.5%), followed by Singapore (20%), China (12.5%), Malaysia and Singapore...

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InsurTech

Daily Review: How Will the Bank-FinTech Narrative End?

The ability to develop and adopt advanced technological solutions has been widely attributed to the startup community rather than to corporate players (banks, insurers, etc.). The year 2018 and the years ahead will be very different – corporations are gradually taking over the game by either aggressively pressuring startups in...

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