Introduction The manner in which individuals shop and make payments has changed radically over the last few decades, and one of the most important changes has been the emergence of Buy Now, Pay Later (BNPL) programs. These services have gained popularity in recent years as they offer consumers a more convenient, interest-free substitute for old-fashioned […]
Introduction Over the last decade, microloans have been increasingly recognized as the future alternative in meeting the financial requirements of small businesses, especially in developing and emerging economies. These markets are severely constrained in accessing capital, with most entrepreneurs not being able to access traditional finance because they lack a credit history, collateral, or access
Introduction Over the past few years, the financial industry has seen a revolutionary change due to technological innovations. Among the most revolutionary innovations in this field is the emergence of smart contracts. These blockchain-based self-executing contracts have begun to transform many aspects of finance, especially personal and business loan agreements. Earlier, loan contracts used to
Introduction The face of finance is changing dramatically, especially in the area of lending. With technology evolving further, conventional financial institutions are being increasingly outclassed by fintech platforms that offer alternative options for individuals and companies to borrow. These electronic lending sites have become extremely popular because they are convenient, easy to access, and efficient.
Introduction In the changing financial services landscape, consumer access to loans has undergone a radical shift. Traditional financial institutions, once and for all known as the keepers of the credit gate, are now battling growing competition from a new crop of financial services providers: neobanks and digital lenders. These online-first financial institutions are revolutionizing the
Introduction In recent years, blockchain technology has emerged as one of the most influential innovations in various industries, bringing revolutionary changes that are altering the way business is conducted. Among the industries that are likely to gain the most from the potential of blockchain, the insurance sector is one of the most promising. Historically marked
Introduction In the international financial environment, insurance has traditionally been viewed as a product for the affluent, one that serves mostly high-income individuals. Yet a new consciousness has begun to develop that insurance offerings, particularly those intended for risk management and protection from uncertainties of life, can and ought to be made available to everyone.
Introduction The Ethics of Predictive Insurance Analytics: What Happens When AI Decides Your Coverage In today’s world, artificial intelligence (AI) is profoundly changing industries, and the insurance industry is one of the most impacted. Insurance firms are increasingly using predictive analytics driven by AI to determine risk, determine premiums, and customize policies for individual customers.
Introduction The world of insurance has changed dramatically in recent years with the widespread integration of big data. With an increasing number of industries relying on data to inform their decisions, the insurance market has not remained untouched by the revolution. Big data offers insurers the chance to improve the accuracy of their risk calculations,
Introduction Mobile insurance apps have developed dramatically over the last ten years. With the insurance sector looking more and more towards technology, these applications have changed from simple management tools for policies to complex platforms providing a myriad of services. Now, smartphone insurance apps are a key element of the insurance landscape, where customers can