Fighting financial crime always feels like an uphill battle. Fraudsters, money launderers, and terrorists never stand still. They evolve, constantly seeking new ways to commit their crimes. Digital acceleration, growing adoption of faster payments, and increasing consumer expectations for friction-free experiences have all expanded the wealth of opportunities for exploitation.
Aite-Novarica Group’s Insurance practice recently facilitated a Special Interest Group meeting focused on group and voluntary benefits.
How did you get into insurance?
When I left high school, I started out doing manual labor type jobs. I wanted something less physical, so I found a job near my home with an insurance company. They focused on casualty coverage, and it was just perfect for me; it turned out I really liked the job! From there, I moved to American Family Insurance, and I fell in love with it the first month I was there. I liked that I was able to help people.
Cryptocurrency has hit a crisis point unusual in its short but bright history. Rather than listening to tech evangelists' opinions on the matter, banks need to look at the fundamentals.
Data and analytics are at the heart of the digital revolution in the banking and financial services industry. Yet, most legacy financial institutions (FIs) struggle to unlock the full value of data assets when making informed decisions that enable strategic business outcomes like managing down overhead costs and generating higher revenues through personalized product offerings.
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