Importance of Big Data and IoT for Financial Intelligence
The always-connected ecosystem in everyday lives has gained further traction with more and more sensor embedded wireless connected devices. Connected cars, smart healthcare wearables, and smart homes, are some of the active components of an IoT network today. Together with the hyper-mobility adoption, more data is being generated seamlessly in real-time. Increases in computing power and cloud deployments have also enabled this big data to be stored, processed and analysed at great speeds.
The Cost of Pregnancy and Maternity Leave Discrimination
The Equality Act 2010 states that it is unlawful to discriminate or treat employees unfavourably because they are pregnant, have recently given birth, or are on maternity leave. Unfortunately, the reality is that many women still have negative or discriminatory experiences during or after pregnancy, and often incur hefty costs and losses as a result.
HPC is the Mainstay of Competitive Advantage
In an era of financial convergence, HPC is the mainstay of faster analytics and quick decisions. Growing regulatory demands also call for speedier insights in trading, risk management, and customer care. Greater operational agility to respond faster to market changes is often the game-changer in Fintech and Regtech, saving billions and ensuring timely regulatory compliance.
The Competitive Advantage of HPC
In an era of financial convergence, faster processing speed (HPC) is the mainstay of faster analytics and quick decisions. Growing regulatory demands also call for speedier insights in trading, risk management, and customer care. Greater operational agility to respond faster to market changes is often the game-changer in Fintech and Regtech, saving billions and ensuring timely regulatory compliance.
Bringing Sensor Data Analytics To Insurance (InsurTech)
A major development in the ever growing insurance and technology industry – known as InsurTech – is in the realm of sensory data analytics. Technology is improving such that a greater and more accurate range of data can be collected with regard to activities that are typically insured – the main and most obvious of these is obviously driving but more increasingly it is being expanded to day-to-day activities which are of interest to health and life insurance firms.
FinTech Credit Market Structure and Potential
While the FinTech credit market in most jurisdictions currently makes up less than 5% of the countries’ new credit applications, the market has expanded rapidly and considerably over the last few years. Between 2013 and 2015 alone, the credit market more than quadrupled in most European and North American jurisdictions. In China, it expanded by a multiple of nearly twenty. In short, the market potential for legitimate and reliable FinTech credit providers is increasing.
What are the Main Risks of FinTech Credit?
FinTech is booming, as more and more people seek out alternative financing methods to traditional banking and investors. The benefits of these methods are numerous. They give entrepreneurs access to finance that they may not otherwise qualify for. They also give investors the opportunity to put money in new innovative ventures which might otherwise never have entered the market. But, these types of investments also come with their own risks and their fair share of scandals. Those looking for and investing in the alternative FinTech credit market would do well to get to know and understand these risks.