The world of money is on the brink of its biggest change in a generation. For decades, moving money—especially across borders—has been a slow, expensive, and frustrating process. We can send an email to the other side of the world in a fraction of a second, but sending money can still take 3-5 business days […]
For the last decade, “open banking” has been one of the most significant buzzwords in finance. For the most part, it has meant one thing for consumers: the ability to link their bank accounts to third-party apps. This simple data aggregation allowed us to see all our balances in one place, track spending, and budget
The rise of digital-only banks felt like a revolution. With sleek apps, instant sign-ups, and zero monthly fees, neobanks (also known as challenger banks) promised to upend the stale, fee-heavy world of traditional banking. Millions of customers, fed up with legacy systems, flocked to these new platforms. Venture capitalists poured billions into fintech bank valuations,
Imagine a market with over 1.7 billion people, largely ignored by traditional companies. This isn’t a niche; it’s the global unbanked population. These are individuals without access to a basic bank account, let alone credit, insurance, or savings. For decades, this market was seen as unprofitable, too difficult to reach, and too high-risk. Today, that
The Digital Gold Rush: Lucrative FinTech Models Banking the Unbanked Read More »
For decades, the insurance claims process has been a universal symbol of frustration. It was a black box of paperwork, phone calls, and agonizing waits. A simple auto claim could take weeks, if not months, to resolve, leaving customers stressed and insurers burdened with massive operational costs. Today, that entire system is being fundamentally rewritten.
From Weeks to Seconds: How AI in Claims Processing Is Redefining the Insurance Industry Read More »
Embedded insurance is an invisible revolution, seamlessly integrating protection into the purchase of a product or service. You’ve experienced it when adding travel insurance to a flight or a warranty to a laptop with a single click.
This model cuts out the friction of traditional sales, offering contextual, affordable, and relevant coverage at the point of sale via API technology. It’s changing the game for consumers and creating massive new revenue streams for brands like airlines and retailers, making insurance simple, available, and everywhere.
Embedded Insurance: The Invisible Revolution Happening at Checkout Read More »
The world of insurance is undergoing a distribution revolution, shifting power from carriers to consumers. Tech platforms like Policygenius and The Zebra are leading this change, not by inventing new policies, but by creating a vastly superior, customer-centric buying experience.
They are winning the customer relationship through radical transparency, frictionless design, and expert educational content.
The old system of rule-based Anti-Money Laundering (AML) is broken, costing the global economy trillions and yielding less than a 1% seizure rate of illicit funds. Traditional compliance generates a tsunami of false positives, blinding investigators to sophisticated criminal networks.
The solution is AI-powered RegTech. Machine learning is revolutionizing the process by using anomaly detection to establish normal behavior, drastically reducing false positives in AML alerts.1 AI, paired with NLP for enhanced due diligence and graph analytics to uncover hidden schemes, transforms compliance from a costly, reactive slog into a proactive, intelligent defense.2
The $1 Trillion Problem: How AI-Powered RegTech is Revolutionizing AML Compliance Read More »
The traditional “Know Your Customer” (KYC) process is broken, leading to high customer onboarding abandonment rates and skyrocketing KYC compliance costs as financial crime and sophisticated synthetic identity fraud continue to rise.
The solution is the new tech stack: Digital Identity as a Service (IDaaS).
IDaaS is a cloud-based platform that automates KYC workflows with AI-powered identity proofing, biometric liveness detection, and continuous monitoring. It provides seamless and secure KYC, enabling drastically faster onboarding and creating a user-centric, reusable KYC identity that is essential for future-proofing financial services.
The Dark Side of Open Banking:
Your single banking app is powered by the API Economy, creating a new, vast, and invisible attack surface. The old “castle-and-moat” security is dead. Attackers now weaponize the very APIs built for convenience. The biggest threat? Broken Object Level Authorization (BOLA), allowing anyone to steal another user’s data by simply changing an ID number.
To survive, you must move to Zero Trust. Security is no longer optional—it’s the platform.
Would you like a shorter hook, or should I expand on the concept of Zero Trust?
Beyond the App: Securing the New Vulnerable Attack Surfaces of Open Banking Read More »