The banking sector is currently undergoing a revolution fueled by technology, with advancements in artificial intelligence (AI), machine learning (ML), robo-advisors, and voice payments paving the way for a more innovative and inclusive future. As these digital technologies become more accessible, banks and financial institutions must adapt to remain competitive and relevant.
Insurtech is a term used to describe the application of technology to the insurance industry. It refers to the use of digital tools, platforms, and data analytics to improve and transform the way insurance services are delivered.