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Digitalization is currently conquering the insurance industry. Blockchain combined with ‘smart contracts’ is expected to revolutionize the insurance sector. What if in the future, it will be possible to unify data of all parties that are involved in a particular insurance claim, and to initiate immediate payouts to policyholders? It would mean there will be…

A constantly growing competition and the need to keep pace with technological trends force banks to have an open mind regarding digital innovations. The banking industry has always tended to be conservative. Banks are usually very careful with any kinds of experimentations.  At the same time, they can’t ignore them completely. The Blockchain revolution A…

According to statistics, in 2017 billion people will manage their financial transactions using mobile banking. Banks, on their part, have to keep on adapting their customer experience strategies to mobile devices. Many banks, however, are not yet ready to do it. But what does the digitalization exactly mean for banks and their customers? Wearables are…

By 2020, AI is expected to become a core component of the fund design process, particularly around trading authorizations and hand-offs with investors. Due to expanding digitalization the risk of fraud and hacking it will continue to grow. AI already plays an important role in investment activity and high-speed trading with algorithmic triggers. Besides, it…

With the increasing need for individualized, context-rich Customer Care Banks are increasingly investing into service automation. That’s why Chatbot is a revolution in banking. Bots help serve Clients faster, at lower costs, wherever they are and whenever they wish.  What is a chatbot? Co-called ‘chatbots’ are computer systems that simulate human conversations. They represent a…