Tag "report"
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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Top 10 Fintech Startups Worldwide
KPMG and H2 Ventures have released the second annual ‘Fintech 100,’ highlighting the best fintech innovators from 19 countries. The report presents the leading 50 fintech companies across the globe and 50 “emerging stars.” Among these 100 leaders, 40 come
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Fintech Startups Are More Agile And ‘Excel’ In Meeting Real Consumers’ Needs
Fintech startups are “cannibalizing banks,” attacking every single service typically provided by financial institutions ranging from lending to wealth management among many other areas. Their key strengths: they understand much better the real consumers’ needs and “excel” in meeting those
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Insufficient Technology Expertise In Bank Boardrooms, Says Accenture
Bank boardrooms dramatically lack technology expertise with only 6% of board directors and 3% of CEO of the world’s biggest banks having expertise in the field, according to a report from Accenture. At the time when banks’ major challenges are
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No Financial Services Firm Can Afford to Ignore Blockchain Technology any Longer
The blockchain has the potential to do much more than just support cryptocurrencies; in fact, Capgemini expects that the technology will “revolutionize the financial services sector… [by providing] unprecedented transaction security through cryptography.” In a new report called ‘Blockchain: A
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