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Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. What is Open Banking.

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Open Insurance: what it is and how it works

mjvinnovation

The emerging term in the insurance industry, Open Insurance basically refers to providing services and data to partners, communities and startups, in order to create new services, applications and innovative/disruptive business models. APIs are considered the key to the process of Digital Transformation in banks, for example.

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How a Big Data Strategy Can Fight Insurance Fraud

mjvinnovation

At the same time, insurers have also understood that they need a Big Data strategy for various purposes. Continue reading and understand how Big Data can help insurers avoid headaches and financial damage! What is Big Data. ” Real Time Big Data. ” Real Time Big Data.

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How China Creates the Strongest Innovation System

The BMI Lab Blog

The Chinese administration, through its various regional branches, is focusing on the promotion of strategic emerging industries in these areas, according them preferential treatment with subsidies, tax breaks, bank lending and direct financing. The first wave of innovators in China: Frugal innovation. A great example of that is BYD.

System 58
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50 what-if questions to reimagine the future

Board of Innovation

What if artificial intelligence was dealing with new customers and claims? What if you owned your own bank? Think at Transferwise borderless bank account: it can be opened online everywhere in the world, accepts payments in every currency and charges none or very small fees regardless of the currency or your location.