Tag "insurance"
Top 100 Financial Inclusion Companies According to IFC
Through innovative business models, products and use of cutting-edge technologies such as artificial intelligence (AI), Big Data, digital identity and the Internet-of-Things (IoT), fintech companies are making significant progress in promoting financial inclusion, according to a new report co-authored by
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PolicyPal becomes the First Start-Up to Graduate from the Mas Fintech Regulatory Sandbox
Singapore-based startup PolicyPal today announced its graduation from the MAS FinTech Regulatory Sandbox and will commence operations as a registered direct insurance broker and exempt financial adviser under its subsidiary BaoXianBaoBao Pte Ltd from 1st September 2017. PolicyPal is the
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InsurTech Is Disrupting Insurance Forever – Will There Still Be a Place for Human Financial Advisors?
Wave after wave of technological disruption has hit us in recent years and it looks like the insurance industry is next in line. Insurtech is the new tradename for an aggressively growing group of apps, software’s, and startups reinventing a
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InsurTech Turns A Boring Financial Tool Into A Lifestyle Product
A classic insurance product has two main problems: it’s boring, and it doesn’t have an obvious value for a customer who hasn’t had any insurance claims for years. By: Dmitry Rudash, Co-founder Raxel Telematics As a result, the very nature of
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German Challenger Bank SolarisBank Goes to Asia
International investor team consisting of Arvato Financial Solutions and Japanese SBI Group provide funding for Berlin-based banking platform. First year in business: Berlin-based banking platform solarisBank AG raises EUR 26.3 million in series A financing Established investors for the international
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PayPal Incubator’s First Batch of Startups, This Are The 3 Fintech Graduates
After nine months with Paypal Incubator, the inaugural batch of Singapore 3 startups have graduated. PayPal launched its first startup incubation program in Singapore in July 2016. The nine-month program aims to develop and nurture the next generation of
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Singapore-Based Startup Raises Seed Funding from 500 Startups and Entering MAS FinTech Regulatory Sandbox
A Singapore digital insurance app that helps consumers organise all their insurance products in one place just raised money from 500 Startups and received approval from MAS to enter a regulatory sandbox. The startup will be testing their solution over a
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Ayannah launches an AI-powered Credit Scoring Service for the Unbanked
Ayannah a provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system
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The “Hen and Egg” Issue With all Online-Lending Startups in Asia
Online-lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online-lending businesses and personal financial
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Opening Shot For International Regulation For The Fintech Industry
There is a Chinese saying that roughly translates to ‘A Tall Tree Catches The Wind’ (树大招风) and this is an adept saying for the Fintech industry. The fintech industry had grown from its nascent stage in 2005 and it is
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