Financial Services Tech Forum CommunityInsurers Are Beginning To Embrace Open APIs To Tune In To The Evolving Digital Ecosystem<div><p>The ‘Open Banking Revolution’, triggered by the second Payment Services Directive (PSD2), will see new, API-connected services brought to European consumers around the traditional core financial services, creating a more holistic banking experience. It is not just the regulation that is pushing banks to deliver customer-centric products and…</p></div>Sabitha MajukumarFri, 26 Jan 2018 05:21:20 -0500 an Amazing Tool to Accelerate your DX<div><p>The term and notion of digital transformation is used extensively in banking and the media today, where every bank/FI is trying to prove their supremacy to be called a 'True Digital Bank'. Being digitally fit has not remained a business goal or destination anymore, rather, it has become a new way of being, working, and succeeding in the digital…</p></div>Anuj AgrawalTue, 05 Dec 2017 11:20:48 -0500"There is No Cool by Association" - Part 2 of my blog series on Sibos 2017<div><p>Microsoft CEO Satya Nadella hit a nerve during the closing panel discussion at Sibos 2017 in Toronto when he said when it comes to succeeding in artificial intelligence (AI) there is no such thing as "cool by association." Organizations with ambitions to succeed in AI and machine learning (ML) will have to do their homework first, in this case…</p></div>Thomas ZinkWed, 15 Nov 2017 12:17:10 -0500 2017: Open and Decentralized — FIs Are Starting to Get Their Hands Dirty - Day 1 to 3<div><p>Open banking is clearly one of the dominant themes at Sibos 2017 in Toronto. But there are massive differences in how vendors position their strategies and the concerns banks voice about it. How will it affect my core infrastructure? What comes next? And where should we go with it? Most vendors are getting really excited about their open banking…</p></div>Thomas ZinkThu, 19 Oct 2017 11:54:31 -0400 2017 IDC FinTech Rankings - A Seismic Shift in IT Vendor Revenues<div><p>2017 marks the 14<sup>th</sup> year that IDC Financial Insights has conducted its FinTech Rankings research, a quantitative "state of the industry" measurement for financial services-based revenues earned by the top 125 technology firms globally.  The financial services industry is comprised of banking, insurance, and capital markets firms that buy hardware,…</p></div>Jerry SilvaSat, 14 Oct 2017 20:47:05 -0400 2017 IDC FinTech Rankings – Leaders of the Digital Revolution in Financial Services<div><p>Currently the focus is on transformation – what’s the strategy, who are the most qualified providers, and how do we get to the “Connected Financial Institution?” Digital Transformation (DX) is especially at the forefront of technology discussions, as it should be considering IDC believes that financial institutions will spend more than US$170…</p></div>Karen MasseyWed, 27 Sep 2017 12:58:30 -0400 In Insurance Kicking Off A New Era Of Hassle Free Sales And Service<div><p>For an industry that is rooted on the principles of trust and utmost good faith, recent pilot projects involving <strong>blockchain</strong><span> </span>can be looked at as great ways to improve customer confidence and loyalty. After all, offering a friction-less/hassle free service at the ‘moment of truth’ in insurance (i.e. claims) is the real test of an insurer’s promise…</p></div>Sabitha MajukumarWed, 27 Sep 2017 08:31:54 -0400 Introduces Four Agents of Technology Change in New Four Forces Model for DLT<div><p>We are at the beginning of a technological revolution. Blockchain technology has the potential to play a key role in the transformation of multiple industries such as financial services, manufacturing, retail, healthcare, government and energy to name a few.</p> <p>On November 8, I will be presenting the keynote at <a href="">Blockchain for Business and IT Leaders</a>.…</p></div>Wiliam FearnleyWed, 30 Aug 2017 10:37:57 -0400 Intelligence systems hold the power to transform insurance industry for good<div><p>Insurance industry is currently on a digital mission to offer contextual and value-centric products and offerings to its customers driven by the change in customer and market expectations, technological disruptions, and the emergence of new kinds of competition <u>[<a href="">Worldwide Digital Transformation Use Case Taxonomy, 2017: Insurance</a> (Doc #…</u></p></div>Sabitha MajukumarMon, 31 Jul 2017 07:20:01 -0400 ‘Contextual and Value-Centric Insurance’: How can the industry gear up to meet the expectations of an ever-evolving market?<div><p>Traditional business models of insurance carriers and intermediaries (agents/brokers) across the globe are challenged due to the change in expectations of customers and partners, technology innovations, regulatory demands, and sociopolitical and economic disruptions. The advent of semi-autonomous or autonomous vehicles, connected vehicles and…</p></div>Sabitha MajukumarTue, 11 Jul 2017 09:48:59 -0400