IoT in Finance & Insurance

IoT in Finance & Insurance

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Tesla to slash nine percent of workforce, slammed by insurers

Electric car maker Tesla has announced that it is cutting nine percent of its workforce, in what founder and CEO Elon Musk has described...

Q&A: Generali’s Davide Burlon on how IoT, AI will transform insurance

Davide Burlon, head of Actuarial Analytics at Generali, talks to Andrew Hobbs about how machine learning, the Internet of Things (IoT) and other emerging technologies...

Amazon booms as high street withers. Next up: robots and insurance

UPDATED Retail and Web services giant Amazon plans to add over 2,500 permanent jobs in the UK this year, taking its British workforce to...

Banking: Is blockchain GDPR compliant – yes or no?

A blockchain provider contradicted itself when asked by Internet of Business about its banking solution's GDPR compliance. The company's response reinforces the complexity of...

80 percent of organisations set to invest in AI, claims report

Fifty-five percent of enterprises are set to make major investments in artificial intelligence (AI) by 2020, according to a new report.  A further 25 percent...

Blockchain threatened by “irreconcilable” differences with GDPR

UPDATED. Malek Murison and Chris Middleton explore why blockchain plus GDPR replaces a storage box with a Pandora's Box of complexity and problems. Make...

Ben & Jerry’s scoops blockchain carbon trading pilot

What’s being billed as the “world’s first retail platform that connects consumers to their own carbon footprints” has been launched in a pilot programme...

Japan’s biggest bank to launch blockchain payments network

The Mitsubishi UFJ Financial Group (MUFG) has announced the design and deployment of a payment platform based on blockchain technology, in partnership with US cloud...

Mobile banking to overtake online by 2019

NEWSBYTE: UK consumers are increasingly turning to mobile banking, ahead of banking online via their computers, according to a report by industry analyst CACI. The...

Banks’ use of AI, blockchain, cloud is systemic risk, warns industry

Banks’ rising use of AI, cloud technologies, and blockchain challenge traditional notions of risk and risk management, according to a new research paper from...

Opinion: Why driverless cars will force an insurance u-turn

Simon Walker, group chief executive of car insurance provider, First Central Group, explores how the market will be forced to change by the arrival...

Retail IoT: PayPal acquires iZettle for $2.2 billion

PayPal has announced that it is to acquire European fintech player, iZettle, for $2.2 billion, in a move that will draw the online payments...