New technologies that aim to automate and improve the delivery and usage of financial services are referred to as financial technology, or fintech. Financial technology,…
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Month: March 2018
Value of Insurance Technology
Insurtech is making a significant impact on the insurance industry by reshaping coverage and payment in various ways: Customers are better served by insurtech. Customers…
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Insurtech Critique
The established insurance firms are hesitant to change, even though many of these advancements have been needed for a long time. A great deal of…
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Is Insurtech Better than Traditional Insurance?
Some customers may prefer face-to-face interactions with a dedicated insurance agent they’ve gotten to know for years. Other customers may prefer to self-select their own…
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Now, insurtech is about more than just insurance.
How can one define an insurtech company? In 2016, when the term was hardly trending online, it usually denoted a tech firm aiming to disrupt…
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Introduction to Smart Contracts
A smart contract is a self-executing program that automates the actions required in an agreement or contract. Once completed, the transactions are trackable and irreversible.…
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History of Smart Contract
American computer scientist Nick Szabo, who created a digital currency dubbed “Bit Gold” in 1998—ten years before Bitcoin was introduced—was the first to suggest smart…
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Smart Contract Pros and Cons
The primary benefit of smart contracts is similar to the benefit of blockchain technology—they remove the need for third parties. Other benefits of this technology…
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Artificial intelligence is transforming how money moves and whom it reaches
When ATMs were first unveiled in the 1960s, they were considered the absolute cutting edge of financial technology. Fascinatingly, these automated teller machines allowed for…
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The Evolution of FinTech
FinTech services have grown exponentially, revolutionizing products and the movement of money. Today, FinTech enables online retail banking, investments, trading, peer-to-peer lending, financial advisory services,…
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