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Liza Richardson – Challenges In The Insurance Industry
Liza Richardson, VP, Solutions – Finance Transformation at Aptitude Software Limited, provides an explanation of the challenges currently faced within the insurance industry.
“Over the last few years, it’s been an industry that’s been subject to a lot of regulation and regulatory change, and it’s just been one thing after another. They’ve had Solvency II come along, and now we’ve had IFRS 17.”
“It’s been a significant change for the insurance industry, and it’s really changed the way finance and the actuarial teams have to work together, and have to work together hand in hand instead of being two separate islands that used to do things. Now, you’ve had to automate the feeds from the actuarial systems and get them into the accounting.”
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Para Announces REST API: The First Instant Wallet Infrastructure for Fintechs and Consumer Apps
Para, a company providing wallets and payments infrastructure for over 10 million users, has publicly launched its REST API. The software enables fintechs and consumer applications with existing userbases to integrate the security, speed, and utility of blockchain wallets without changing the app’s UI or asking users to onboard to new systems. This launch accelerates the convergence of traditional fintech and crypto by treating blockchain as background infrastructure to power consumer-first experiences, such as embedded wallet infrastructure and stablecoin payments.
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