With 2023 in the wings, it’s time to delve into the trends that will impact the insurance industry and find out how companies can prepare themselves better in the coming year. One thing we know for certain is that the industry has embraced ...
As major commercial banks embrace cutting-edge technology, they redefine their industry at large and the way they do business. Specifically, we are talking about disruption through open banking, which is paving the way for collaboration betwe...
2021 has been a busy year for fintech. While several sectors floundered in the pandemic environment, for many fintech companies, COVID-19 acted as a catalyst, accelerating the shift towards digital from both consumers and businesses. VCs, pri...
Mergers and acquisitions have been a proven strategy for driving long-term growth for companies. M & A activities have been rising exponentially over the years and in 2020, the global deal value exceeded USD 3.5 trillion. With the ongoing...
Globally, insurance firms are navigating volatile markets of economic uncertainty. As the pandemic-induced financial crisis persists, the future will require industry participants to juggle with dynamic investment, business, and regulat...
Recent technological disruptions are triggering seismic changes in the banking industry. As more consumers use digital channels for banking, delivering seamless and personalized customer experiences at every touchpoint has become imperative f...
The London Interbank Offered Rate (LIBOR) has been a global yardstick for interest rates at which banks borrow across borders, since 1986. However, in light of the LIBOR-fixing outrage and the ensuing $10 billion in penalties, both regulators...
The global financial crisis of 2008 has permanently altered the asset management industry. From tighter regulations to political uncertainties, it has been through trying times. According to an analysis by Casey Quirk, operating margins of th...
In today’s highly volatile market, the financial industry is under tremendous pressure to keep costs low while delivering enhanced value. Customers today expect quick and easy access to services, greater personalization and value for money....
Efficient claims management is the holy grail for insurance companies. Poor claims management can increase insurer’s costs significantly, eating up almost 80 percent of the revenue earned from premiums. As a result, a growing number of ...