Blog

What Artificial Intelligence brings to distribution for insurance products
28/11/2018

Artificial Intelligence (AI) brings us a myriad of new opportunities! Processes can be up to 15 times more efficient with AI technology than without it. Each insurer must logically identify his or her application fields. Artificial Intelligence is not one unique technology, but rather a group of technologies. They include big data, RPA (Robotic Process Automation), machine learning, chatbots, etc. Though their ability to process and automate worries many people in…

Greater proactivity in collateral management
16/10/2018

The final phases of the EMIR (European Market and Infrastructure Regulations) compliance schedule are rapidly approaching. According to an ISDA study, more than 10,000 counterparties will be impacted in 2019 and 20201. Preparation is insufficient for the majority of players concerned and, often, little or nothing is known about the impact of the regulations. And, when the regulations are known, the attitude is minimalist or wait-and-see. Proactivity: supporting complianceThese waves of…

Artificial Intelligence & Robotics – Impacts on the Industry
15/10/2018

The recent explosion of data volume and computing power has led to a dramatic re-evaluation of Artificial Intelligence (AI) in several industries including the financial sector. AI’s challenges and limitations are creating a “moving target” problem for leaders: it is hard to maintain a leading edge in something that’s always advancing so fast. This short article explores the commercial implications of AI, its possible applications for securities servicers and some potential…

The problem of DevOps among publishers
19/09/2018

Software publishing is a very recent universe, since IT has only been in existence for 50 years at the most.Over the past five decades, the progress made can be regarded as considerable. First of all, the power of computers has evolved at lightning speed, although it is currently slowing down to make way for miniaturisation. Software, which was used almost exclusively by the corporate world 30 years ago, is now…

Better Understanding the challenges of the “European Collateral Management System”
10/07/2018

With the implementation of the Vision 2020 programme, the Eurosystem has set itself on the ambitious path to modernisation of the market infrastructures, with the goal of obtaining better integration and harmonisation of securities and cash within the Euro zone and thus enhance its appeal to investors. In the context of this programme, the Governing Council of the European Central Bank (ECB) has approved 3 major modernisation initiatives: TIPS (Target…

Digitisation of services: how the insurance market is changing
09/07/2018

Challenged by constantly evolving regulations and consumer requirements that call for a better harmonisation of information systems and more flexible services, the insurance market has to acquire integrated solutions to deal with the developments in its sector. The transformation implemented within companies in the sector (access to services that allow the end user to be more in control of their needs, ever more competitive offers, need for transparency, etc.) is…

Distribution of insurance and banking products: reinvention is survival!
29/04/2018

Driven by regulatory developments and digitalization, the distribution of financial products must evolve.The competition from insurtechs and fintechs underlines the urgency of differentiation.The entry into force of the Insurance Distribution Directive (IDD) on 1 October next urges the networks of intermediaries to review their quality standard: traceability of the duty to provide advice, setting up control procedures relating to the design and distribution of products, etc.In the area of banking…

Artificial intelligence to the rescue of the security of financial transactions
29/04/2018

Because of its critical importance for the global economy, the world of finance is among the most regulated of areas.  Its institutions have a duty of transparency and security in relation to their clients. The entry into force at the beginning of the year of MiFID II European directive on markets in financial instruments will strengthen the concept of transparency and improve client protection. The European General Data Protection Regulation…

MIFID 2: the end of open design ?
10/03/2018

The distribution of financial products has enjoyed a real Big Bang in Europe since the start of the new year, with the entry into force of the revised directive 2014/65/CE on Financial Markets, called MIFID 2. With a duty to provide much more information to the end client (in terms of both quantity and quality), how are independent financial management advisers and other management agencies going to cope with the…

Framework and component store: application assembly or direct application - which model should be preferred?
09/03/2018

Solutions aiming to increase developers' productivity entered the market in the 1990s. The appearance of numerous code generators or automatic programming supported sharing within development teams and allowed for assistance in modelling the business need, mapping HMIs (Human-Machine Interfaces), and helping developers manage access to databases.At that time, there was no DotNet, Java, or anything similar. The Internet didn't exist either, and the world of informatics was still getting its…

Life insurance: the flat tax will change the landscape!
21/11/2017

The legislator has ratified the creation of a flat tax on capital income, within the framework of the parliamentary debates on the Budget Bill (BB) 2018. This single flat tax, at a rate of 30 %, will be the biggest upheaval in the French life insurance market since the 1998 reform.For Vermeg, the configuration of this new tax – application of the 30 % tax rate (fiscal charges and social…

Faster! How to respond to the needs of the banking and insurance markets in real time
07/11/2017

In an increasingly volatile economic framework, the very logic behind the design of insurance and banking products must be completely rethought in order to reach the time-to-market speed required for the pre-emption of new parts. The finished product no longer matters as much as its future adaptability to new needs, which are now changing too quickly.And it is this constant imperative for innovation that is shaking up the banking and…