We hosted our “Frosty February” FinTech Breakfast on a chilly morning in New York City’s Midtown Manhattan. With over 25 executives and investors from the broader InsurTech and FinTech sectors, the successful event drew in professionals from both large and emerging growth firms across the insurance services and technology spaces, including PartnerRe and The Guarantors.…
As the U.S. and global economies continue to expand and recover from the Great Recession of 2007-2009, the consumer, a key driver of the U.S. economy, is spending again and tapping into different types of credit. The rapid growth of online lenders, expansion of digitally enabled lending technologies (e.g. point of sale solutions at the home or online), and growth in lending to subprime borrowers are all catalysts for the rise in demand.
The recent data breach at Equifax, which is believed to have impacted over 143 million U.S. consumers, set off a firestorm of discussion about how to keep credit reporting data secure. There is no simple or one-size-fits-all solution because regulatory standards and data management vary greatly throughout the world.
Rapid changes are occurring in the wealth management space and the level of disruption in how advice and capital are managed is only beginning. Wealth management is a monumental industry. The players in the space run the gamut from gigantic hedge funds to individuals who manage their own investments. This changing wealth management landscape is driving a significant uptick in transactions.