Corporate Leaders

From: RegTech Analyst Even though 90% of financial services and insurance companies are using video, most are uncertain about if they are complying with regulations, according...

Machine learning and artificial intelligence is often hailed as the next big thing in RegTech, but what can you do to avoid them becoming empty buzz words.

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.

The threat from cybercrime has never been greater. As a result, corporations and governments are increasingly turning to hackers i.e. white hats for help with the promise of cash rewards known as bug bounties. And experts suggest that it’s the best way to boost cybersecurity.

Innovation in the insurance industry is not just important, it is essential. A more dynamic market has meant insurers are venturing into non-traditional sectors as well as looking for more advanced ways of serving existing markets. The industry must ramp up its innovation efforts if it is to tackle increasingly threatening risks, such as climate events and cyber-attacks.

The global super app market was valued at $58.6bn in 2022 and is projected to grow at a 28.9% CAGR to reach a $722.4bn valuation by 2030. Having originated in Asia, super apps are now becoming popular around the world. A report from PYMNTS and PayPal surveyed consumers in the US, UK, Germany and Australia, found that 72% of consumers expressed interest in super apps – UK consumers were the most interested with 74% indicating interest.

As the deadline for PSD2 looms and financial services frantically try to get systems ready, application programming interface (API) standardisation would ease challenges, according to a panel at the Global RegTech Summit 2019.

No two companies are the same, so flexibility is key for a business looking to offer digitalization services to the wealth management space.

The coronavirus pandemic has forced insurers to review their pricing models, but adopting new tech solutions to do that could have many benefits.

A study by Swedish open banking platform Tink has found 41% of European financial executives believe the shift online caused by the Covid-19 pandemic is permanent.