FinTechNZ and InsurTechNZ joined forces to bring members a combined Connect event, following FinTechNZ’s inaugural Annual Meeting on 1 November.
The final Connect event for 2018 was the result of a successful collaboration between FinTechNZ and InsurTechNZ, with a wide range of speakers discussing a variety of subjects in front of a highly engaged audience.
FinTechNZ’s inaugural Annual Meeting was held on 1 November, hosted by EY. Many insights were shared by the leadership team; a highlight – the association has achieved phenomenal growth in the past 12 months, with membership doubling from 77 members to 153 members in the year to September 2018.
While the results from the review by the Financial Markets Authority (FMA) and the Reserve bank could have been more positive, New Zealand banks have been looking at options to improve customer experience and embrace the fintech community which is great for all Kiwis, FintechNZ general manager James Brown says.
Banking is changing as new financial technology takes hold and Brown technologies like machine learning and AI will dramatically improve both the customer experience and the back-end process for the banks themselves.
Join us for our inaugural combined FinTechNZ Connect and InsurTechNZ event: ‘Intangible Assets, How to Protect them’ and ‘Mapping the New Zealand InsurTech Landscape’ Auckland.
Europe is an extremely active InsurTech market, with London appearing to be the emerging epicentre. Throughout the conference it was hard to escape the energetic presence of funding and accelerator-type programs, and of course incumbents scouting for new propositions or start-ups looking for exposure. Discussions generally pointed to one of two preferred outcomes: building alternative insurance value chains, products and services; or accessing new technologies that create efficiencies across processes.
Can you talk us through the background of Hnry? What led to its development?
I became self-employed about five years ago. Coming from the safety and relative ease of a permanent job, at the time I didn’t realise what a burden admin, taxes, insurance and other time-consuming tasks would be.
Binu Paul of PocketWise shares an update on the NZ FinTech Summit
Open Banking, Customer Engagement and Cyber Security are just a few of the topics that NZ Fintech Summit 2018 will delve into on Thursday 29 November at the Pullman, Auckland.
Open Banking is still in its infancy in New Zealand. It has notably made some inroads into the institutional lexicon and the boardroom attention span, but is largely a foreign concept to most Kiwis. A classic case of you don’t know what you don’t know.
Q: How does your role relate to the FinTech sector?
A: I work with FinTech companies who are considering using a data aggregation partner, advising on best practice and commercial considerations. Working closely with industry bodies, we try to enable FinTechs to thrive whilst also facilitating collaboration with established organisations where possible.
Q: What are you doing in the FinTech space?
A: Yodlee is innovating in the financial wellness space with additional offerings that are underpinned by our data aggregation and categorization solutions.
Jason Roberts, Co-chair of FinTechNZ’s largest Working Group, InsurTechNZ shares an update on the group’s latest activities:
Another busy month has flown by for the InsurTechNZ leadership team, having recently finalised the Working Group Charter, which will be posted on the FinTechNZ website shortly. Defining our purpose has been an important job for a group less than a year old, which is now formally:
“To enable collaborative innovation in insurance to provide positive customer outcomes”