Tag : risk assessment

Analytics Artificial Intelligence Compliance management Guest Posts InsurTech Technology

The Digital Divide: Insurance Industry Races to Bridge Tech Gap Amid AI Push

Aaron Wright
by Aaron Wright0
The insurance industry stands at a pivotal moment as it grapples with modernizing operations while racing to adopt artificial intelligence and advanced analytics. Recent research from Earnix, surveying more than 400 global insurance executives across Australia, Europe, the UK, United States, and Canada, reveals both promising developments and persistent challenges......
Artificial Intelligence Featured Finance Fintech Risk Management Robotic Process Automation Security

Optimizing Data Annotation Pipelines for AI Models in the Insurance Sector

Fintech Staff Writer
by Fintech Staff Writer0
The insurance sector has increasingly adopted artificial intelligence (AI) to enhance risk assessment, fraud detection, customer personalization, and claims processing. AI models in the insurance sector rely on vast amounts of high-quality labeled data to perform these tasks accurately. Data annotation—the process of labeling datasets for training AI models—is thus......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Leveraging AI and Data Analytics for Better Risk Assessment

Fintech Staff Writer
by Fintech Staff Writer0
The rapid evolution of financial technology has brought forward innovative ways to borrow and lend, transforming how consumers approach personal finance. One standout development in this space is the rise of Buy Now, Pay Later (BNPL) services, a flexible and accessible lending model that has disrupted traditional banking and credit......
Middesk Launches Signal, A Scoring Tool Capturing Comprehensive Business Risk in a Fraction of a Second
Business Fintech News

Middesk Launches Signal, A Scoring Tool Capturing Comprehensive Business Risk in a Fraction of a Second

PR Newswire
by PR Newswire0
Signal is revolutionizing how financial institutions and companies onboard and evaluate business partners with unprecedented speed and accuracy Middesk, a leading business Identity company, announces the launch of Signal, a groundbreaking product designed to revolutionize how companies assess the risk profile of businesses. Signal is powered by the same authoritative......
Featured Finance Fintech Risk Management Security

The Impact of Real-Time Data Integration on Financial and Insurance Industry Analytics

Fintech Staff Writer
by Fintech Staff Writer0
Data has become a crucial asset for driving decision-making, risk management, and customer experience. One of the most transformative advancements in recent years is the adoption of real-time data integration. This technology enables businesses to consolidate and analyze data from multiple sources instantaneously, allowing for more responsive and accurate insights.......
arqu Secures $10 Million in Series A Funding to Accelerate Transformation in Wholesale Insurance
Fintech InsurTech News

arqu Secures $10 Million in Series A Funding to Accelerate Transformation in Wholesale Insurance

Business Wire
by Business Wire0
arqu, a tech-enabled wholesale insurance brokerage transforming how large-scale, complex commercial risks are transacted in the $100bn Excess & Surplus (E&S) market, announces its $10 million Series A financing, led by Crosslink Capital with participation from Intact Ventures. arqu also saw continued support from all existing investors, Lightspeed Venture Partners, Foxe Capital and Nationwide Ventures. “arqu is not......
Earnix and Hexaware Partner to Accelerate Insurance Pricing Transformation
Artificial Intelligence Fintech News

Earnix and Hexaware Partner to Accelerate Insurance Pricing Transformation

PR Newswire
by PR Newswire0
Hexaware, an IT services and solutions provider, today announced a partnership with Earnix, a global provider of AI-based SaaS pricing and rating solutions for financial services. The partnership aims to improve underwriting, efficiency, reduces losses, better comply with the regulations, and ensure competitive advantage through effective pricing strategies. Hexaware seeks......
MACHA, Inc. and PaymentsFirst, Inc. to Merge
Digital Payments News

MACHA, Inc. and PaymentsFirst, Inc. to Merge

EIN Presswire
by EIN Presswire0
MACHA, Inc. and PaymentsFirst, Inc. to Merge Combination Creates Dynamic Payment Association MACHA, and PaymentsFirst, announced that their respective Boards of Directors have approved a merger agreement under which the two payment associations will combine. MACHA’s wholly-owned subsidiary, Payment Advisory Resource (“PAR”), will continue to offer audit and consulting services......
FLINTpro Launches RegIQ, a New Data Analytics Product Enabling Compliance With Environmental Land Use Regulations
Analytics Compliance management News

FLINTpro Launches RegIQ, a New Data Analytics Product Enabling Compliance With Environmental Land Use Regulations

PR Newswire
by PR Newswire0
As Governments Enforce New Deforestation, Greenhouse Gas Emissions and Biodiversity Impact Regulations, FLINTpro offers First of its kind regulatory compliance and risk product FLINTpro, a nature analytics platform that provides compliance and financial risk assessment solutions for companies regulated by climate protocols, has launched RegIQ as its flagship product. FLINTpro’s......
Fintech Galaxy Launches Open Banking Credit Scoring Capabilities in Partnership with Singapore’s FinbotsAI
Banking News

Fintech Galaxy Launches Open Banking Credit Scoring Capabilities in Partnership with Singapore’s FinbotsAI

Fintech News Desk
by Fintech News Desk0
• Fintech Galaxy redefines credit scoring by leveraging Singapore’s FinbotsAI’s AI-driven credit scoring platform, CreditX, within FINX Connect. • The collaboration introduces a state-of-the-art solution for instant credit risk assessment utilizing Open Banking data to enhance lending decisions and drive operational efficiency in the MENA region. • Fintech Galaxy will......
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