Technology Takes on Financial Service Transformation

A new era of finance has arrived in which blockchain and artificial intelligence offer radical new opportunities. At the same time, new fintech, insurtech and regtech concepts challenge the current status quo and accelerate disruption. 

Innovations in finance, insurance, and regulations have the power to transform the playing field entirely. To jump on the bandwagon, we need innovative concepts and technologies that improve services and user experiences, and satisfy the needs of future consumers.

Open banking

Despite their initial reluctance towards open APIs, almost 70% of banks are implementing API gateways to accelerate digital banking innovation.

The Rise of RegTech

Global RegTech market revenue is expected to reach $7.2 billion by 2023, growing at a compounded annual growth rate of 25.4% from 2018 to 2023.

Disruption through InsurTech

96% of insurers think digital ecosystems are impacting the insurance industry and 86% believe innovation must happen rapidly to remain competitive.

The program gave us a lot of positive publicity and concrete opportunities with big new clients. The ultimate lesson is that we can talk endlessly about how amazing our product is but explaining the essence in one minute is the most important.

—Krik Gunning - SAFENED. AIA18 Finance Winner