FINTECH Insights.

Claims sharing enables B2B apps and IoT technologies to build an accurate data bridge between insurers and customers.

If given the right environment, Fintech could become one of the most powerful tools to support sustainable economic growth

This has led to the emergence of a class of “shadow banks”, such as peer-to-peer lenders and robo-advisors for wealth management

For this generation, RegTech means being able to understand and execute regulations and compliance in almost an instance for lay people, multi-national companies and new user groups affected by changing laws.

It’s not enough to create usable interfaces anymore, you need to understand what kind of experience you want to ensure at every touch point of digital interaction with your users.

All those complex terms such as subsidised/unsubsidised loans, running balance, available balance, interest rates, compounding, stocks, bonds, mutual funds. Why are average users supposed to know what all this means if they just want to manage their wealth?

For the insurance industry with its consultation-intensive products, the possibilities of digital assistants sounds promising.

Insurers can generate ratings for applicant cyber security postures, compare it against other industry peers and make informed underwriting decisions.

Technically, smart text analytics technologies are essential to support the insurance officers in their tedious effort to track the documents.

Under Swiss regulation, technological solutions which support banks in complying with regulatory requirements are not subject to authorisation.

Productivity stagnation is at such levels that the negative effects of regulatory burden make it necessary to revolutionise the compliance function.

To automate these processes offering international services remains a challenge as each country has its own complex regulatory requirements.

 Insurance-focused start-ups today have started revamping the traditional insurance-broker distributor model, and are now applying the omni-channel approach to offer self-directed services and personalised pricing.

It will also become the norm to purchase insurance at the point of sale, for example when you buy a laptop, or when you’re purchasing a related product or service,

In essence – InsurTech at the Bottom of the (wealth) Pyramid. After all, it is when faced with resource constraints that innovation tends to breed naturally.

The edge that DLT-based platform for securitisation offer has yet to be exploited and while we have identified a few (Maecenas among them, pioneering in fine arts) we expect to see an increasing range of assets turned into new asset classes

Thankfully for investment managers and investors alike, the overall picture is not as bleak as the above depiction could lead us to believe. Key technological advances on the operational front have empowered both investors and managers equally.

FinTech companies provide the chance for Private Bankers and Wealth Managers to position themselves as 4.0 Trusted Advisors.