Insurance industry can’t go it alone in the new normal

Andreas Milano 1 day ago

Partnerships between insurers and firms operating in the tech sector have made headlines more frequently over the past few months. Recent ones have included Aon collaborating with Nayms on a cryptocurrency pilot, Sompo International working with Flock on commercial drone solutions, and Blink partnering with Allianz Partners to roll out a travel disruption insurance platform, to name a few.

These types of collaborations are nothing new and have been around in the industry for many years now, as insurtechs have gained a foothold in insurance and have become seen as partners more than direct competitors to incumbents. However, experts predict

… Read More

Maybank: SME Digital Financing hits RM1b loan approvals in six months

Andreas Milano 1 day ago

KUALA LUMPUR (April 12): Malayan Banking Bhd (Maybank) said its newly-launched SME Digital Financing has approved RM1 billion of financing, benefitting more than 8,200 small and medium enterprises (SMEs), of which 85% or 6,950 are start-ups and microenterprises.

In a statement, the bank said all applications that were eligible for instant decisions received approval and disbursements in less than five minutes.

“Maybank SME Digital Financing was introduced last September at the height of the pandemic with two objectives in mind. First, to provide quick and hassle-free financing to SMEs during this critical period when liquidity is crucial.

“Secondly, we wanted

… Read More

Pramerica Life Insurance appoints Ms. Kalpana Sampat as the new MD & CEO

Andreas Milano 1 day ago

Ms. Kalpana Sampat, a seasoned business leader with over three and a half decades of profound experience, has been appointed as the Managing Director & CEO of Pramerica Life Insurance Limited, with effect from April 09, 2021. Prior to this appointment, she was the Chief Operating Officer for the Company.

Ms. Kalpana Sampat is one of the most influential leader in financial services sector in India, and her appointment at the top position, is an important milestone. Currently, she is one, of the only three women CEOs in life insurance sector in India, where the executive suite is still a

… Read More

Coinbase gears up for historic listing

Andreas Milano 1 day ago

Coinbase is the largest cryptocurrency exchange in the United States and lists about 50 cryptocurrencies for trading. Photo: Chesnot/Getty Images

Cryptocurrency trading platform Coinbase is on course to make history as the first major crypto company to go public, paving the way to legitimise an industry marred with distrust from regulators and traditional investors. 

Coinbase is the largest cryptocurrency exchange in the United States and lists about 50 cryptocurrencies for trading. 

It is due to list on the Nasdaq (^IXIC) on Wednesday 14 April with a valuation that could run in excess of $90bn (£66bn).

The company will not issue

… Read More

MyLife MyFinance Completes End-to-End Digital Transformation with Temenos SaaS

Andreas Milano 1 day ago

Australian bank completes remote implementation of Temenos cloud technology to accelerate growth and offer differentiated customer experiences

With Temenos’ front-to-back SaaS digital banking platform, MyLife MyFinance will achieve straight-through processing for 90% of new customers

With Temenos, MyLife MyFinance streamlines the loan application process, reducing loan document preparation time from 60 minutes to 5 minutes

Temenos (SIX: TEMN), the banking software company, today announced that MyLife MyFinance has gone live with Temenos’ front-to-back digital banking platform delivered as Temenos SaaS. Using Temenos Country Model Bank methodology, the new front-to-back system simplifies processes, enhances the customer experience, and replaces legacy systems.

… Read More

THIS Will Change Your Personal and Business Life

Andreas Milano 1 day ago

CHARLOTTE – “Practice?  I mean we’re talking about ‘practice’”  Those words were uttered by NBA great, Allen Iverson, when discussing how he felt practice was unnecessary.

While we can debate the merits of his point, “practice” is vitally important when discussing this one combination of actions.  It’s a combination that I PROMISE, will positively impact your personal and business life the instant you put them into action.

I’m talking about the combination of practicing giving and gratitude.

Let’s take a look at each.

Giving, a lot of people will relate to money and giving often to charitable cases.  While money

… Read More