Tag: behavioural analytics
For insurers, beating fraud doesn’t have to cost customers
In the past three years, we’ve seen consumers demanding unprecedented levels of online experiences across most industries. Unfortunately, the bad guys go where the money is. As online activity booms, we’ve seen the number of suspected digital fraud attempts in the financial services sector increase by 30% between 2019 and 2022.
The rising demand for Earned Wage Access solutions
Innovative models are bridging the gap between employee pay and evolving consumer behaviour. A fairly new yet ground-breaking fintech offering, Earned Wage Access (EWA) is a financial technology that allows employees to access a portion of their earned wages before their regular pay cycle.
Firms must guide insurance customers to safety and well-being
Insurance is a mature and historically stable industry, operating on established, reliable business strategies and methods. However, when digital technology really began to take hold with consumers, it upended traditional insurance models.
