Tag "report"

Switzerland Is Lagging Behind on Digitalization, Says New EPFL Study

While Switzerland is a global leader in many sectors, the country is lagging behind on digitalization, according to a new study. In a new report released today, the Ecole polytechnique fédérale de Lausanne (EPFL) – on behalf of Swisscom and

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Morgan Stanley Shares Roadmap for Blockchain Adoption

While the long-term opportunity offered by blockchain is clear, widespread adoption by financial institutions will take between 5 and 10 years from now, according to Morgan Stanley. In a new report entitled ‘Global Insight: Blockchain in Banking: Disruptive Threat or Tool?’,

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Customers Unsatisfied With Current Banking On-Boarding Processes

Consumers are unsatisfied with current banking on-boarding processes, which they claim are frustrating and time consuming. Banks need to listen to consumer demands and become truly digital to resist the competition and increase revenues and user base, according to a

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Banks Need to Learn From Successful C2B Leaders Such as Google, Apple and Facebook

To stay relevant at all times and provide consistent and fulfilling customer experiences in both the digital and physical spaces, banks need to build partnership with fintech startups and leverage the power of real-time analytics, according to a new report

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White Paper on Blockchain Infrastructures for Digital Assets

BitFury, a Bitcoin blockchain infrastructure provider and transaction processing company, has released a white paper outlining basic components of blockchain-based asset ledgers, as well as their use cases for financial services firms. Entitled ‘Digital Assets on Public Blockchains,’ the white

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Millennials More Likely to Purchase Insurance From Tech Firms, Google Emerges As Major Threat to Insurers

Changing behaviors and preferences from Millennials combined with the emergence of technologies such as the Internet of Things (IoT), is pushing the insurance industry towards massive disruption, according to a new report by Capgemini and Efma. The “World Insurance Report

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Global Investment in Fintech Companies Totaled US$19.1 Billion in 2015

In 2015, VC-backed fintech companies raised US$13.8 billion – an increase of more than 100% compared with last year – across 653 deals. VC-backed fintech companies took 73% of the overall fintech funding in 2015, which reached a record of

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Potential of Robo Advisors in the Insurance Industry

Automated advisory platforms, or so-called robo advisors, have been making a lot of noise in the financial services industry because of the high level of automation and efficiency they bring to the table. In a new report entitled ‘AI –

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KPMG Report: Robo Advice Platforms Will Manage US$2.2 trillion Worth of Assets by 2020

KPMG surveyed 1,500 bank clients about their awareness of and interest in digital wealth management, or robo-advisors. The firm found that while awareness of the robo advising services of popular fintechs including SigFig, Betterment, Wealthfront and FutureAdvisor (8% to 15%)

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Deutsche Bank Releases ‘Fintech 2.0’ Whitepaper, Advises Startups and Banks to Collaborate

Banks and fintech startups should collaborate rather than compete against each other, says Deutsche Bank. In a new whitepaper entitled ‘Fintech 2.0: Creating new opportunities through strategic alliance,’ Germany’s largest bank calls for “a shift in mindset from one of

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