Month: October 2020

A benchmark of banking and payment apps

spike 3 months ago

The world of finance has undoubtedly been disrupted by mobile, with FinTech companies offering innovative digital services, including in-store mobile payment apps and non-bank money transfers.

EY’s Global FinTech Adoption Index 20191 suggests that internet users’ adoption of financial technology services almost doubled over the past two years, and 64% of digitally active users engage with fintech.

In a new report, The Mobile Finance Report 2020 by Adjust and app intelligence provider Apptopia, focuses on the growth of install and session rates for FinTech apps over H1 2020, how much time users are spending in-app, and how retention rates perform

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How will the ATM survive the digitisation of payments

spike 3 months ago

2020 marks the 13th edition of the ATM and Self-Service Software Trends report. And for the self-service banking segment, what a year it’s been already.

The second decade of the 21st century got off to a blazing start with the end of support for Microsoft Windows 7, the operating software that supports virtually every bank-owned ATM in the world, as well as a sizeable number of non-bank-owned ATMs.

Microsoft’s grand selling proposition for Windows 10 has largely been its promised security. As one blog stated: “Windows 10 sports a built-in firewall and security scan system in addition to the usual

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‘Big Four’ Euro reinsurers coping well through COVID; keeping capital adequacy

spike 3 months ago

“All four [of the major European reinsurers] suffered in the first half of 2020, but to varying degrees,” said Mazzuoli. “That can be explained first and foremost by the exposure that they each have to COVID-19 claims. For example, when you look at mortality claims, we’ve seen the highest amount of claims at Swiss Re and SCOR – both of whom have leading market positions in the US, where mortality claims have been the most severe. Meanwhile, Hanover Re and Munich Re have lower market shares in the US and therefore also reported far lower mortality claims as of H1.

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Zurich enhances insurance proposition | Insurance Business

spike 3 months ago

The travel insurance industry may have taken a big hit this year amid all the coronavirus-led cancellations, but Zurich is hoping to extend its services to those contemplating the return of business travel.

The insurer is expanding its business travel product to include a larger international servicing network, as well as new capabilities and broader coverage.

According to a release announcing the expansion, Zurich outlined that risks associated with business travel have changed rapidly due to the pandemic, as well as a rise in civil unrest and extreme weather events. With employees increasingly exposed, companies have a greater obligation to

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