InsurTech

MEDICI Top 21 – InsurTech Awards: Scouting for Emerging Disruptors in the Insurance Industry

More than 1,200 InsurTech startups across the globe are taking one of the most complex and massive industries historically by storm. In the US insurance industry alone, net premiums written totaled $1.2 trillion in 2017, with premiums recorded by life/health insurers accounting for 52%, and premiums by property/casualty insurers accounting...

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FinTech

Hong Kong FinTech Week 2018

The Hong Kong FinTech Week is the world’s first cross-border FinTech event, taking place in Hong Kong and Shenzhen. It is one of the biggest conferences on the calendar, attracting more than 8,000 senior executives and featuring over 200 of the world’s top FinTech founders, investors, regulators, and academics who...

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FinTech

The Quantitative Impact of Digital Transformation

The scale of financial commitment to digital transformation The evolution of bank-FinTech narrative towards a hybrid model ensures short-term gains in terms of ROI, long-term bets on specific technologies, the FinTech product roadmap being in line with the bank’s own roadmap, etc. Source: MEDICI’s 2018 Global State of FinTech Report...

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Blockchain

The Blockchain Cart Before the Identity Horse

The idea of creating something with a business model in mind has fallen out of favor in recent years. Instead, it’s far better to build something and then figure out how to monetize it. Facebook, now highly profitable, lost $59 million in 2011 before it figured out exactly how it...

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Payments

The UPI Juggernaut Continues to Grow

In a development substantiating its position as India’s flag bearer of FinTech innovation, Unified Payment Interface (UPI) crossed the 400 million mark in September. Ever since its launch, UPI has been leading the waves of disruption in the Indian payment landscape and looks to be doing really well in the...

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Banking

Banking on the Data Revolution

The data democratization India is the highest consumer of mobile internet in the world. Internet access has allowed people to explore products, services, opportunities, and content from across the world. Source: Ericsson Mobility Report 2018 This change is already forcing enterprises to take their businesses online and have a presence...

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Financial Inclusion

The State of Financial Inclusion in India

15 million bank accounts were opened, creating a world record, on the first day of Pradhan Mantri Jan Dhan Yojana. A total of 320 million bank accounts were opened within 4 years of launching the scheme in 2014. With Pradhan Mantri Jan Dhan Yojana, the target of the government was...

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