What Is Regtech? A Quick Guide

By Liam T | October 14, 2021 | 0 Comments

Recently, we took a look into the emerging insurtech market. Now we want to look at another emerging fintech sector, RegTech. Regtech, which stands for Regulatory Technology, refers to the use of information technology to optimize and actualize regulatory processes. It’s helping all industries that are regulated by the government interact with their customers better, and improve their internal processes. What is RegTech though, and how can we expect to see it develop? And crucially, what if any opportunities are there for businesses and entrepreneurs in the RegTech space? In this article we attempt to address some of these questions. RegTech In A Snapshot In the early to…

What Is Insurtech? A Quick Guide

By Liam T | October 6, 2021 | 0 Comments

Innovation often lies at the intersection of two or more already existing fields. A ground-breaking invention is never born out of the ether. It’s built on dozens of other inventions that came before. Insurtech, being at the crossroads of technology and insurance, is one such example. It’s not a reinvention of the wheel, but it’s still a new way to approach the insurance industry. Let’s delve into the topic. Insurtech In A Snapshot Insurtech is a market with products that use technology to improve insurance services, reduce costs in the insurance market, and find new ways to help customers get better insurance.  Insurance is one of the oldest…

Why Data Ethics is Important

By Liam T | August 4, 2021 | 0 Comments

If you’re active in any form of business, you will collect data about your customers. That’s especially true if you have any form of digital presence, albeit a website, or even just a social media page. Data collection is a staple of successful businesses, because it lets you personalize the experience of your customers, and make informed business decisions. When you know more about your audience, you’re able to serve them better. But you can’t just bundle information in a Google spreadsheet and use it for whatever you want. That would be unethical. And it’s exactly what data ethics is concerned with. What Is Data Ethics? By definition,…

Back to normal – how to be a good manager after the pandemic

By Liam T | July 28, 2021 | 0 Comments

With vaccination efforts ongoing across the globe, and society slowly emerging from 18 months of lockdowns and social distancing, attention now turns to managing the return to normal. For many business and managers, this will mean returning to the office. Indeed, a lot of us have already started doing so. But what management challenges will this present, and what does good management look like, post-pandemic? It all starts with empathy, understanding, and adaptability. Let’s delve into it. An Important Observation The world hasn’t known a situation comparable to the current one since the influenza pandemic at the beginning of the 20th century. The Covid pandemic was new territory…

Business Finance: A Beginner’s Guide

By Liam T | July 20, 2021 | 0 Comments

Having a deep understanding of your company’s financial situation can help you divert resources in the right direction, spend more on what generates returns and improve decision making overall. But for true insight, just knowing your ROI will never be enough. To really understand your company’s finance, you need to look at the small details. So, what does an entrepreneur need to know about business finance, and how can this knowledge be applied to your own business? What is Business Finance? In its most basic sense, business finance is about the raising and managing of funds by business organizations”. Day-to-day basis, this means analysing, planning and controlling transactions.…

The power of open banking

By Liam T | July 9, 2021 | 0 Comments

Open Payments – along with the wider trend toward open banking – is just the latest way in which tech innovation is shaking up the world of financial services. How real is this trend however, and what impact will it have? Economies are rapidly digitising. Digital first technologies and companies now dominate industries ranging from retail to taxi services. Finance too is digitising, with an impressive 88% of financial institutions believing they will lose market share to data driven fintech start-ups in coming years. In a digital economy, data is one of the most valuable commodities. When data is siloed however, or buried in spreadsheets, the value inherent…

Streamlining ecommerce logistics – how technology can help

By Liam T | June 8, 2021 | 0 Comments

The ecommerce sector has always been at the forefront of technological change. Two technologies in particular which are central to ecommerce are warehouse management and ERP (Enterprise Resource Planning) systems. These technologies allow business owners to stay on top of orders and manage logistics, whether they be a simple and small-scale drop-shipping operation, or a fully fledged digital first store. What is warehouse management? As the name suggests, warehouse management allows business owners to keep track of inventory inside a warehouse. This makes everything from preparing orders to shipping products easier and more efficient. For a business that’s just starting out a “warehouse” might just be nothing more…

Smart finance – where fintech meets AI

By Liam T | May 21, 2021 | 0 Comments

AI and the data revolution are transforming every sector of the economy beyond recognition and finance is no exception. The ability of AI programmes to plough through vast data sets, quickly spotting patterns and trends which it would take a human weeks or months to find, have a huge range of potential applications.   So, how is this technology being applied in fintech and what can fintech leaders do to stay ahead of the AI curve? The new oil The idea that data is the new oil has become something of a cliche in recent years but there’s some truth to it nonetheless. While there is not yet any…

Business and the Internet of Things

By Liam T | May 17, 2021 | 0 Comments

The IoT (Internet Of Things) has already changed our lives in ways that would have seemed improbable just a generation ago. From smarter retail checkout solutions, to autonomous warehouse machinery to AI powered personal assistants in more and more of our homes, the IoT is becoming a central to how we live our lives. Beyond personal assistants and driverless cars however, what are the key technologies currently driving the IoT, and how should business leaders be approaching the challenges and opportunities that they presents? TinyML From more intuitive customer service chatbots, to streamlined customer interactions and better retail analytics – machine learning can bring immense benefits to your…

Bringing the power of chatbots to online stores

By Liam T | May 10, 2021 | 0 Comments

As we’ve written about elsewhere, automation and personalization two of the big trends re-shaping ecommerce in 2021. With the ability to both reduce costs and increase sales, they have become a cornerstone to successful ecommerce businesses. One of the best routes by which to capitalise on these trends is with chatbots. Chatbots bring a degree of automation to customer interactions while also personalising customer experiences on your website, leading to more conversions for less cost. So, how do chatbots work, and what you can do to introduce them to your business. What is a chatbot? A chatbot is a software application that can conduct online conversations via text.…

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