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UK bank to trial fingerprint technology for card payments News 

UK bank to trial fingerprint technology for card payments

Frint technology for card payments Two hundred customers are to take part in the pilot, which will enable them to use their fingerprint to verify payments. “Contactless” refers to a cashless method of paying for something, whereby a customer physically hovers or places their card or contactless device over a reader to make a payment. […]

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Facebook’s cryptocurrency could be a $19 billion revenue opportunity News 

Facebook’s cryptocurrency could be a $19 billion revenue opportunity

Payments could help Facebook develop an entirely new revenue stream aside from advertising — something “sorely needed at this stage of the company’s narrative,” says Barclays internet analyst Ross Sandler. Barclays see as much as $19 billion in additional revenue in its “upside case” for Facebook by 2021 if its cryptocurrency plans work out. The […]

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How Blockchain to Fintech can Increase Your Profit! News 

How Blockchain to Fintech can Increase Your Profit!

How Blockchain to Fintech can Increase Your Profit! Image Credit: Stockunlimited Since the past couple of years,  Blockchain is the buzzed terms for the industry. “A subsequently step that maintains a continuous growth of transactions from distributed traditional method towards modern database globally to integrate with all types of machines and source of data”. “The Blockchain […]

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Bank-FinTech Collaboration Drives B2B FinTech Funding News 

Bank-FinTech Collaboration Drives B2B FinTech Funding

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. For FinTechs, the deals mean access to a broader range of customers through well-established industry names. This […]

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Finally, an insurance company proud of its human agents News 

Finally, an insurance company proud of its human agents

The debate about insurance innovation has been dominated recently by comments generated as a result of the State Farm TV ad, where the US insurance giant celebrates the superiority of its thousands of human insurance agents compared to AI-based chatbots. Lemonade – a smart US insurtech startup – has credited itself as the target of […]

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China will become world’s biggest insurance market by mid-2030 News 

China will become world’s biggest insurance market by mid-2030

China’s ageing population will mean more sales of annuity products and health insurance China’s insurance premiums will reach US$2.36 trillion in 2032, says Swiss Re Institut China’s insurance market will quadruple in 14 years to US$2.36 trillion, on the way speeding by the US, currently the world’s leader, according to Swiss Re Institute. Insurance premiums […]

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Nine Jobs That Artificial Intelligence Should Never Take Over (And Why) News 

Nine Jobs That Artificial Intelligence Should Never Take Over (And Why)

The capabilities of artificial intelligence (AI) and machine learning (ML) expand year by year. Still, there are always going to be tasks that require qualities that are difficult—if not impossible— for technology to replicate, such as creativity, empathy and emotional awareness. There are many tasks that would be extremely difficult to automate, and there are […]

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Who owns the workforce data in your insurance business? News 

Who owns the workforce data in your insurance business?

Other parts of this series: Organizational DNA holds new, untapped opportunities for insurers Decoding organizational DNA starts with trust Who owns the workforce data in your insurance business? Why insurers should tap into their organizational DNA, and their employees should too. Every insurance organization has unique needs, and therefore a unique approach to the workplace […]

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Berlin-based digital car insurance startup FRIDAY secures €114 million News 

Berlin-based digital car insurance startup FRIDAY secures €114 million

Berlin-based digital car insurance startup FRIDAY secures €114 million in a combination of equity and media-for-equity financing   Berlin-based insurtech startup FRIDAY has raised €114 million in a combination of media-for-equity and equity financing. Of the total, €39 million is from a media-for-equity deal with SevenVentures and the media investor German Media Pool, while the Baloise […]

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German fintech Raisin to buy MHB Bank News 

German fintech Raisin to buy MHB Bank

Raisin, the marketplace for savings and investment products, acquires German banking provider MHB Bank Hot on the heels of raising $114 million in Series D funding, Raisin, the pan-European fintech marketplace for savings and investment products, has acquired MHB Bank of Frankfurt, its main provider of banking services in Germany. Terms of the acquisition remain […]

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