SOLUTIONS IN THE FINANCIAL AND INSURANCE SECTOR
FinTech software is becoming an integral part of the financial and insurance sector. Find out more about the solutions that are behind the dynamic development of this industry.
Blockchain is a technology by means of which individual transaction data is encrypted and stored in a distributed database in a decentralized computers network. This makes Blockchain a payment method that is highly resistant to hacking and security breaches, which is increasingly being used in the financial sector and beyond.
Bitcoin is the first and most popular digital currency that enables its holders to make secure and anonymous electronic transactions.
In InsurTech solutions, customers’ expectations of insurance companies in terms of offers tailored to their specific requirements, financial capabilities and individual risk play a decisive role. However, the development of such offers would not be possible without dedicated software with decision algorithms, databases and risk assessment systems.
Open Banking is based on the Open API model. It is used to create applications based on users’ bank details to help them manage their financial data. Open Banking will enable not only managing bank accounts in many banks at the level of one application, but also using documents from one bank to take a loan in another.
A fully automated digital platform based on the financial management algorithm, which plays the role of a financial adviser. The system collects clients’ financial data and automatically gives advice on investments and savings.
Big Data is a variety of data sets, the processing of which is complicated, but the results obtained are highly valuable for determining the needs, preferences or behaviors of customers, as well as estimating risk.
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