Natural language generation and understanding are also being added to the mix to absorb raw information in large datasets, understand and detect trends and correlations as well as identify inferences, risks or investment opportunities.
As Coinidol recently reported, there are now around 275 blockchain-based services (40% are advertised) boosted globally since 2015, according to the survey conducted by the Fintech and Insurtech School Observatory of Management of the Milan Polytechnic.
The Task Force is composed of 20 African and EU decision makers, and representatives from the private sector, the international financial sector and civil society.
The French Prudential Supervisory and Resolution Authority guidelines published on December 12, 2018 on the identification, verification and knowledge of customers address this issue.
It’s also been quick to harness the expertise of other like-minded jurisdictions, with the establishment of joint agreements with their colleagues overseas, including Japan’s Financial Services Agency (FSA).
WorldFirst reports that, since its launch nearly 15 years ago, it has transferred over £60 billion on behalf of 160,000 clients.
Together, we’ll focus on bringing continuous innovation to our customers, helping them take advantage of the market opportunities in insurance with cloud and digital transformation.