Financial Services Tech Forum

Archives for May 2015 « Recent Articles

Photo of James WesterOffline

The rise of the car service Uber has come as a host of on-demand platforms have transformed the way goods and services are delivered. The result is a change in the way

Photo of Marc DeCastroOffline

A Federal Reserve Bank survey shed some light on a not so dirty secret about how Americans manage their finances, for the most part we are terrible. There are some things that banks and credit unions should be doing more of to perhaps bridge the gap to the underserved banking segment.

Photo of Michael VersaceOffline

May a year ago, data privacy laws and digital strategies took an interesting tact toward the rights of individuals to be known and or not known to Google search. On the heels of a case dating back to 2010 involving a Spanish citizen who filed a complaint with the National Data Protection Agency against a Spanish newspaper, Google Spain and Google Inc, the Court of Justice of the European Union ruled on May 2014 that Google would not escape its responsibilities before European law when handling personal data by simply referring to itself as a search engine.

Photo of Li-May ChewOffline

As insurers strategize to optimize client acquisition and retention, create new products, enhance processes and claims management efficiencies, react quickly to evolving market opportunities and simply fuel future growth – they oftentimes find themselves constrained by archaic and inflexible policy administration systems (PAS). Consequently, core replacement cycles are brewing and we project the global insurance sector spending US$8.2 billion on software and IT services for policy administration in 2015, with this figure expanding on a three-year CAGR of 4.6% through to 2018.

Even then, as carriers feverishly spend copious amounts around areas such as rating and quoting (especially on digital channels), coverage and issuance of policy, billing and premium invoicing, and premium renewals, - possibly just around 30% of these investments keep within budgetary, time and scope requirements. Even more disheartening are estimates that a meager 33% of the previous percentage eventually realize complete business benefits.

Photo of Karen MasseyOffline

We are excited to kick off our 12th year of the FinTech Rankings! The Call for Entries is now open and this post provides additional information on the most established and prominent ranking of global technology providers to the financial services industry, and how to nominate your fintech company.

Photo of Karen MasseyOffline

We at IDC FI are very excited to announce that we launched this week an addition to the FinTech Rankings family - the FinTech Real Results Awards.

Viewed 1,030,415 times