Over the years, the world of payments has undergone a significant evolution, moving from the traditional paper cash and coins to digital transactions. As a result, the financial industry has had to keep up with the pace of change to meet the needs of its customers. However, despite the emergence of digital and mobile wallets,
Insurance is a means of protection against financial loss and a form of risk management used to hedge against uncertain contingencies. Big data analytics can greatly improve the claims processing process in the insurance industry. Here are six ways in which it can be used: Fraud Detection: Big data analytics can improve the detection of
As the business world evolves, companies in all industries must adapt in order to stay competitive. The banking sector is no exception, as it faces new challenges such as the rise of internet and digital-first banking, fintech and insurtech, and the shift towards cashless societies through mobile payments. With increased competition from other sectors and
The world is moving, regardless of global recession. It is always time for a lot of industries and sectors to consider the balancing act for digital and physical channels. If the physical channels and the touch do not bring much more value, it makes sense to deliver via the digital channels. For example, maybe what
Insurance industry is just like the related banking industry or sector, being strongly rooted in history. The concept of insurance dates back to at least the 18th century B.C., with the Code of Hammurabi (or more specifically c. 1792–1750 BC) . Modern insurance believe to bagan in London in the early decades of the 17th
Since Tom Peter and Robert Waterman written and published In Search of Excellence in 1982. Those large firms with dominant positions in markets that were senescent or static in the past. Then the wave for Good to Great, and now in 2019, after globalisation, internet, digital economy and current digital transformation era. Market size alone
Everyone is being aware the dead of DSLR is near, but the future of photography is not mirrorless. Smartphone being kill off digital point-and-shoot camera, it will continue replaced the rest of camera market and segment. If you being saw what is going on in the open eye and mind, you will see decline of
In a world around digital information, an electronic health record is a natural extension of what we expect in our lives, digital transformation from paper based health record to digital record. However, easy access to data is just the most basic benefits of eHR technology. Professionals in clinical information disciplines – especially those earning their
Digital disruption in insurance happen in speed of light. Few years back, we never hear the term InsureTech, but now in digital transformation (DT) era, it suddenly being widely spread popular trend just like FinTech for the banking industry. For the very core of the insurance, property-and-casualty (P&C) claims process once you can fully digitalize and
Introduce insurance for Smart Cars technology is nothing new. Introduction of Smart Vehicles and driverless is no longer and idea in future but it already release in this year 2019 by General Motors because they plan to release its own driverless vehical, which has no steering wheel or pedals, for commercial ride services, along with other
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