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Tag Archives | technology

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Digital distractions – the new fatal attraction?

Technology has become the most important communication tool for us all and has transformed the way in which live our daily lives, including the way in which we find, consume and retain information. The digital economy is a war zone, battling to capture our attention. It is therefore no wonder that technology is also becoming […]

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Technology is reshaping financial services

The COVID-19 pandemic and lockdown have changed the way we interact with each other. Most of us have embraced digital solutions and carried on with our jobs, but in a different manner altogether. “Demand for Microsoft Teams shot up during lockdown, with the company reporting 44 million daily users in May – a 40% increase […]

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Critical addition to medical procedures underlines the need for Gap cover

With the increase in medical innovation, gap cover is becoming increasingly critical, especially where robot assisted surgery is concerned. “Medical technology is always pushing the boundaries of innovation, and one of the latest advancements is the invention of robot assisted surgeries. Da Vinci surgery, a robotic surgical system, is one of the most well-known types. […]

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Technology – Friend or Foe?

“It’s no secret that the insurance sector is conservative by nature and has largely been slow to embrace technology. In the past year, many of the large incumbents have been touting new ‘digital’ offerings to keep the insurtech challengers…at bay,” states Travys Wilkins from independent comparison website CompareGuru. In an ITOnline article, he lists five […]

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Financial services and technology – Opportunity to understand and earn CPD hours

FinTech essentially encapsulates the intersection between the financial services industry and technology. The importance of FinTech is evidenced in the manner in which it is currently disrupting traditional financial models and structures. The disruption caused by FinTech offers both opportunities and challenges to large and small financial services companies in South Africa. The Introduction to […]

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AI

Four ways to stay relevant in the techno world

Technology is redefining the way that we do business. The future of how we work beyond 2020 will be very different from how we lived and worked in 2010. A recent Forbes article discusses how to stay relevant as a Financial Advisor. Sal Tiano of J.P. Morgan Securities, shares four ways to ensure your practice […]

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Criminals now use digital technology to commit crime

In a recent media release, SABRIC, the South African Banking Risk Information Centre, on behalf of the banking industry informed bank customers about a scam known as ‘Business Email Compromise’ (BEC) where criminals literally ‘steal money by asking for it’. This scam targets specific employees in organisations who are authorised to transfer funds or make […]

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How technology is changing the Financial Industry

One of the predictions of 2019 was that digital transformation will be one of the big influences that will be visible in the financial services industry. Forbes predicted that “we will see big changes this coming year, especially for the banking giants, many of which have operated with a legacy-era brick-and-mortar mind-set for hundreds of […]

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Drone technology – An empowering game changer

One type of insurance technology many insurance companies are using nowadays is drones. According to DeLoitte there are two strategic objectives: better risk management through improved data collection, and reduced operational costs through improved efficiency and effectiveness related to claims. Drone deployment is rapidly expanding and evolving, with current and potential applications spanning the insurance […]

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