Insurance Systems Insights
20th January 2017
London Blockchain Week returns to the capital next week, with blockchain industry professionals and financial services providers from across the UK and further afield set to descend on the city.
The event kicks off with ‘Hack-The-Block’, a three-day hackathon competition where teams will be challenged to use blockchain technology to... read more
16th January 2017
A breakdown of the biggest deals announced in the last month
Synchronoss and Intralinks to merge
During the first week of December Synchronoss Technologies announced that it had agreed a deal to purchase Intralinks Holdings, a provider of on-demand solutions for businesses to securely collaborate, communicate and exchange critical... read more
13th January 2017
The compliance cauldron is bubbling over with toil and trouble for the financial sector. MiFID II, Dodd Frank and BCBS 239 are just some of the regulations circling the stew, demanding tighter controls and more granular levels of reporting in an industry where data is its lifeblood. The EU General Data Protection Regulation (GDPR) – which... read more
10th January 2017
Over the last few months, the UK insurance market has continued to harden, with both SSP and industry data showing a shift in premiums. At the same time, the rise in Insurance Premium Tax has continued apace. Experts predict June's climb to 12%, which will bring a further upsurge in premiums, is just another step towards a VAT-matched rate of... read more
9th January 2017
The move to mobile banking
“The Way We Bank Now” report from the British Bankers Association (BBA) revealed that there were 347 million payments made via banking apps in 2015 – a 54% increase over the previous 12 months. Customers now log into mobile banking apps 11 million times each day. Anthony Browne, Chief Executive of the... read more
2nd January 2017
This week, banker’s fears were confirmed and the robot revolution has begun. The Royal Bank of Scotland (RBS) will sack hundreds of face-to-face advisers and replace them with a robo-advisory online service, after the Financial Conduct Authority (FCA) approved this technology.
“Our customers increasingly want to bank with us... read more
30th December 2016
Rounding up the week is this best performing article of 2016 on Global Payments & Transfer. We discuss the importance of fintech and how advances in the sector have significantly evolved globally.
15.5% of digitally active consumers have used at least two fintech products within the last six months. This finding emerged from the survey... read more
23rd December 2016
Blockchain was an extremely popular topic of focus in 2016, with businesses approaching the model as a strategic and secure platform. The impact of technology is impacting businesses and this year saw firms focus on strategizing their business models around technological platforms.
Could 2016 be the year of the blockchain boom? With... read more
21st December 2016
The lending ecosystem has witnessed momentous changes in last five years, from fintechs disrupting the industry by leveraging technology and offering ease and speed in process, to evolution of stringent regulations post the 2008 meltdown.
Technology has played a significant role in the rapid evolution of the lending industry. One such... read more
13th December 2016
The fast-paced payments industry of today makes it hard for financial institutions to keep up with changing requirements; whether technology, regulatory, or consumer driven. For acquirers with merchants that range from large scale global giants to local newsagents, this environment can be even more complex.
To help acquiring banks adapt... read more