Insurance Systems Insights

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The modern mainframe – a platform for the digital age?

9th July 2018

Company: Micro Focus
When we take money out of an ATM, open a new bank account, get a new car insurance quote online, or simply check our account balance on a mobile device, a mainframe somewhere is handling the request. Mainframes are the bedrock of the financial services industry. According to a study by BMC, over two-thirds of the mainframe community are now... read more
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Skills shortage tops fear rankings for financial services

27th June 2018

Company: bobsguide
New research indicates that 49% of financial services leaders rank finding the necessary talents and skills as their number one concern. The research, carried out by Robert Half further reinforces similar reports that financial services is fast approaching a skills shortage crisis. One such report from Innovate Finance projects a workforce... read more
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Asian payment trends: insights into doing business in the world’s biggest market

18th June 2018

Company: ECommPay
In pursuit of reducing financial friction, banks and complementary service providers have begun to collaborate amongst themselves, as well as with external technology companies, on a global scale, to offer a seamless customer journey. In some cases, it is the external technology companies themselves who diversify, seeking new opportunities by... read more
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How accounting and financial apps will be the first beneficiaries of Open Banking

8th June 2018

In the new economy, the endgame for financial services is becoming clearer. Accessibility will be the norm, the app store is the new high street and the financial app the vehicle that will deliver a financial future in which Open Banking will become the norm for all. ‘Changing consumer habits’ are both a demand for change, and a... read more
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Why are there so many cryptocurrencies?

21st May 2018

There are 1583 cryptocurrencies listed on coinmarketcap.com. That is more than all the different types of fiat currencies in the world. The question many people ask is, why are there so many of them? Just nine years ago, there was only Bitcoin. Now we have a cryptocurrency in virtually every sector of the economy.   All these... read more
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CASS: The glide path to automation

14th May 2018

Company: AutoRek
Do you get that sinking feeling when the CASS audit is approaching? Are you uneasy about loose ends? Do you think ‘oh no not again’? Here we are 10 years on from the financial crisis, the subsequent collapse of Lehman Brothers and the focus on CASS has not waned – in fact it remains high on the regulatory agenda. Why is this... read more
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Balancing the books: how process mining can turbo-charge internal auditing

11th May 2018

For years, auditors have used interviews and workshops to conduct successful company assessments. As more businesses become digitised, auditors need to blend traditional techniques with a more data-led approach. In the face of higher expectations for accuracy, internal departments need to take note: big data is changing the way organisations... read more
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What keeps AIG’s chief risk officer up at night?

1st May 2018

Company: bobsguide
The chief risk officer role is crucial at any modern organisation, perhaps especially so at a multinational insurance organisation where risk on the books and in the system are constantly re-evaluated. Here, AIG Europe’s CRO Fabrice Brossart spoke with bobsguide on assessing this year’s major events, and what the firm is doing about... read more
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The secret of insurtech’s chatbots: frontend charm, backend efficiency

27th April 2018

Company: bobsguide
With the convergence of machine learning and growth in popularity of customer-centric approaches driven by the wider financial industry, chatbots have naturally popped up as a cost-effective and user-friendly bridge with customers, both old and young according to the ‘2018 state of chatbots report’. But not everyone is doing them... read more
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Patel: regulators need to avoid a blanket approach to DLT rules

26th April 2018

Across the world, regulators are struggling to put together constructive policies around the world’s newest financial and technological tool. Distributed ledger technology (DLT) has become synonymous with the cryptocurrency market – which in itself has evolved significantly over the past twelve months with major exchanges now offering... read more