White Paper: Cyber Insurance - To buy or not to
Written by Steve Mambo, CEO and Co-founder, ATCH
To buy or not to buy
If you have been following the industry news on cyber security, you will realize that cyber insurance has been featured in many forums and discussions. In fact cyber insurance is getting a lot of attention and what's even more intriguing is that it's most often cyber security professionals from the forefront who promote the product. The insurer plays a major role in the policy issuance, however the product is technical hence the campaign is led by cyber security specialists. One other milestone achieved, is that we have moved from “What is cyber insurance?” to “Do I need to buy cyber insurance?”
Cyber insurance doesn’t replace the cyber security measures that a business undertakes to protect its information asset. As a business you still need to implement preventive controls e.g. Anti-malware solutions, policies, awareness programs, etc. as well as defense controls which could include: Firewalls, intrusion detection and protection systems. These cyber security measures reduce the risk and the residual risk is then transferred through an insurance cover.
View White Paper: White Paper: Cyber Insurance - To buy or not to
White Paper: Cloud Authentication & Biometric Identity as-a-Service
Written by AimBrain
In a digital world, how well do you really know your customer?
Using biometrics to authenticate oneself is already taking over from passwords, and is set to become the default option as new smartphones feature biometric technology as standard. Financial services was the first market to embrace biometric authentication, but as use cases evolve and the consumer interacts more with devices than traditional channels, the benefits of ditching the password span a wide range of industries.
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Matchi’s helped Financial Institutions globally, to find the right fintech
View some case studies of projects Matchi has delivered around the world. Select the case study that relates most to your objective:
View White Paper: Matchi’s helped Financial Institutions globally, to find the right fintech
Fintech to Fintech Partnerships
There was once a time when the term “silos” was a corporate buzzword coined to chastise internal departments in large organisations when they refused to collaborate with each other. This internal sharing caused a wave of change in most organisations, not without resistance. That was a simpler time.
Now, large organisations (like financial institutions) have extended this line of thinking to collaborating with single companies outside of their own in order to reach their strategic goal. Not without its complexities and risk, this transformation has laid the groundwork for another way of change: large organisations collaborating with companies outside their own to bring superior products and services to the consumer faster – helping complex organisations meet their customer’s expectations.
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Aimbrain - White Paper - Implementing Biometrics
Bank customers are looking for a friction-free experience across all channels. This whitepaper examines the use of OTPs and what alternatives are available for banks looking to maintain high security, comply with regulation but also increase ease of use.
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An African Match: Fintech and Telecommunication Services
Telecom and fintech companies have been instrumental in highlighting the right of every African to basicfinancial services through their mobile phones. Even though large parts of the continent remainunderdeveloped in terms of having a functioning financial services sector, telecom companies have been producing solutions to millions of Africa’s unbanked mobile users to enable them to buy goods, transfer money, pay bills and access other banking services.
According to a 2016 BCG report, only 25% of Africans have regular bank accounts as financial service providers haven’t made the continent a priority due to the high cost to serve and low margins of traditional bankaccounts in Africa.
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How Financial Services can embrace the Customer Revolution
Financial services companies are increasingly seeking opportunities to be at the forefront of innovation. Historically, banks have been slow to translate consumer demands into technologies like paperless statements and mobile check imaging. However, they were quick to implement online banking and, today, customers who bank online are typically more satisfied as well as more cost effective to maintain. Banks have also responded to the shift in consumer demand for mobile banking on tablets and smartphones.
The next challenge facing financial services is how to address the rise of consumer trends evolving mainly outside of the industry. This paper focuses on three significant phenomena that will ultimately impact every bank.
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How Effective Collaboration between Banks and Fintech Firms Drives Innovation
Globally, many banks are embracing the innovation challenge in different ways. Some become the venture capitalists for start-ups who could become their innovation provider. Others set up in-house innovation labs, encourage employee innovation or join global accelerator programmes. The most recent trend is for banks and innovators to find each other in innovation eco-systems or networks, often facilitated by third parties. Most banks however, follow a multi-pronged approach.
This paper argues that banks need to include working with smaller fintech firms in their innovation strategy. Within the context of banks' legacy systems and the compliance driven regulated industry, smaller fintech start-ups (new and new to the industry) are appropriate and effective collaborating partners. It is perhaps the industry most suited to disruption from the 'outside' in collaboration with the 'inside'.
View White Paper: How Effective Collaboration between Banks and Fintech Firms Drives Innovation