Since the first wave of challenger banks arrived around 2015 with basic account offerings, the biggest players branched out into lending, stock trading, savings, and junior accounts. Very few took decisive steps into the insurance market. As they sought competitive advantages, leading neobanks have since expanded their product offerings with insurance and boosted revenues with…
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The Press Release headline says: CME Group Signs 10-Year Partnership with Google Cloud to Transform Global Derivatives Markets Through Cloud Adoption The sub headline says: Google also makes $1B equity investment in CME Group CME is a behemoth in derivatives, ranked 10 by market cap in Fintech50Index, but legacy finance does not have a good…
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In Part 1, underwriter workbenches were described as platforms to support underwriters in making complex decisions at speed and with confidence. Workbenches come equipped with relevant insights about clients and the risk being underwritten, along with a modern user interface to enable frictionless data flow. Historically, underwriting has been a nuanced aspect of insurance, seldom…
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