Only a minority of those working for financial services providers believe their organisation is adequately prepared to meet the fintech challenge, according to a GlobalData survey on the impact of fintech.
Big tech companies could be seen as either a threat or an opportunity for partnership by the established insurance industry.
The Dow Jones recorded its largest one-day point drop in history yesterday, leaving investors spooked.
Amazon, Berkshire Hathaway, and JPMorgan have teamed up to create a healthcare alliance to serve their US employees.
The UK’s open banking era may have commenced on 13 January but it did so in an underwhelming fashion.
Almost a third (29 percent) of offshore wealth held by millionaires is booked in the US — and this share is likely to rise as the country becomes better known as a tax haven.
Foreign banks have long bemoaned the lack of control over their joint ventures in mainland China, and have often blamed poor market share growth on it.
The so-called Paradise Papers won’t have many direct implications for offshore wealth managers.
Blockchain technology could potentially trigger a revolution in banking.
Income protection insurers must create tailored policies for self-employed, gig, and zero-hour contract workers that acknowledge uncertain incomes and potential periods of unemployment.
Cyber insurance is now a requirement for businesses, yet the need for personal protection is growing and personal cyber attack insurance could become normal soon.
Despite China set to overtake the US as the world’s largest economy in the next few years, the US is still way out ahead in terms of wealth.
French president Emmanuel Macron’s decision to ease the wealth tax will receive a warm welcome from French millionaires.
Insurtech company Guevara closed down last month, casting doubt over the future of the peer-to-peer insurance model.
The past month has been a tumultuous period for the airline industry.
For banks looking to differentiate themselves, providing good customer experience is essential — but not always easy.
Amazon’s success as a digital retailer has won it fans in the insurance industry for its innovation and customer centric model.
Peter Thiel, co-founder of PayPal and an early investor in Facebook, has returned his attention to the fledgling insurtech scene by leading a $10m investment into Berlin-based startup Coya.
UK-based wealth managers are uncertain what effect the new EU regulations will have on their relationships with clients.
Co-operative Insurance has launched the first pricing estimate chatbot in the UK car insurance industry, via Facebook Messenger.
The so-called Ogden rate is going to be pushed up to between zero percent and one percent in a major victory for UK insurers and customers alike.
The spectacular fall from grace of Provident Financial highlights the importance of the human dimension in the provision of financial services, as well the risks associated with centralising services in the name of efficiency.
Business intelligence is expected to attract huge investment from established players in the financial markets industry to aid strategic planning in coming years.
Contactless payment cards are ubiquitous in Australia, and acceptance has been strong compared to most other markets.
While many banks have struggled to reinvent themselves for the digital era, BBVA is succeeding in transforming itself into a digital-first provider, with its results showing impressive growth in customer use of its digital channels.
The UK’s data protection bill is set to be modernised to include protection for people’s internet history, social media, and DNA.
Real-time payments are already live in some European domestic markets, and from November will be available across the continent.
Amazon chief executive Jeff Bezos briefly became the world’s richest person last week, forcing Microsoft founder Bill Gates from the top spot.
As the Qatar crisis continues and mediations are reported to be deadlocked, it is taking a toll on the region’s wealth markets.
European countries are facing tough times.