IoT in Finance & Insurance

IoT in Finance & Insurance

Use of AI and machine learning in finance could cause crisis,...

The Financial Stability Board has issued a paper on the use of AI and machine learning in finance, warning that their current use creates...

Fintech app Glance Pay heralded as ‘the next PayPal’

Canadian startup Glance Pay, launched last year, looks well placed to bring fresh impetus to the fintech market, with its innovative new mobile payment...

SAP: Banks must prepare for open banking age

In an exclusive interview, John Bertrand, industry value engineer at software giant SAP, talks Internet of Business through the likely impact of open banking...

IBM gets into bed on mobile with fintech Dream Payments

Tech giant IBM has teamed up with a Toronto-based fintech company Dream Payments, with the goal of transforming the way mobile payments are made...

WeWork and Mastercard to trial pay-as-you-go workspaces

WeWork occupants are trying out pay-as-you-work hot desks in a tie-up with payments company Mastercard. Payments company Mastercard and office space provider WeWork have partnered on...

Gemalto launches new hardware security module for payments

In what it claims is a first for the banking industry, digital security giant Gemalto has launched a single hardware security module (HSM) to...

Concirrus on a Quest to help marine insurers manage risk

A new, AI-powered analytics platform from Concirrus, called Quest, tracks vessel movements and combines it with insurance details and weather data to help marine...

AI wins, as smart machines develop a ‘poker face’

IoB Insiders In poker, artificial intelligence has proved its ability to work with uncertain situations and incomplete information, with huge implications for the insurance sector,...

Intellect SEEC: Transforming the underwriting role for the IoT age

For insurance companies, digitization, artificial intelligence and IoT data hold the key to getting the most from underwriting talent, as Pranav Pasricha, CEO of Intellect...

Risk managers hesitant to give drones clearance for take-off

'Invasion of privacy' is the number one concern for risk managers when it comes to commercial drone deployment, says a Munich Re US survey. Drones...

Bank of America, FitPay partner to speed up wearable payments

Bank of America and contactless payment platform provider FitPay have agreed to extend wearables payment services to the bank's customers. The collaboration between Bank of America and...

LeakKiller Challenge launched to tackle water damage in homes

A £15,000 prize is up for grabs for the winner of a new IoT design competition to create a prototype for a low-cost, IoT-based...