January 2021
08Jan

A Retirement Dashboard for the United States

By David John, Grace Enda, William G. Gale, J. Mark Iwry Navigating the retirement system is not easy for many workers, in the U.S. or abroad. Following several other countries, we advocate creating a retirement dashboard for the United States to help savers manage their retirement preparations. A dashboard would include an online registry letting each worker track their retirement accounts and benefits. It could also offer services such as recovering and consolidating lost accounts, projecting future income, or...

January 8, 2021
Articles, Innovation, Pension design,
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December 2020

17Dec

WhatsApp to roll out health insurance and micro-pension products in India

The Facebook-owned company is currently allowed to extend its payment service to a maximum of 20 million users for peer-to-peer transactions. Read also Chile’s Great Pension Raid A month and a half after receiving regulatory approval from the National Payment Council of India (NPCI) to roll out payments on its messaging platform, WhatsApp has unveiled plans to offer financial services like health insurance and micro-pension products in India. Read also Malta. Three in ten pensioners at risk of poverty The American...

December 17, 2020
News, Slider, , ,
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07Dec

Top 5 Banking And Fintech Trends For 2021

Observations from the fintech snark bank tank 2021: The Year of Value Chain Disruption I’ve never been a big fan of “Year of the [fill-in-the-blank]” proclamations. Google the term “year of the customer” and you’ll find that every year for the past 15 years has been heralded as the year of the customer. Hey, one year it might just really happen. And past claims of “disruption” in financial services have centered on changes at the customer interaction level—i.e., digital...

December 7, 2020
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03Dec

Financial Circuit

By Dr. Anurag Kumar Jha This book is a kind of roadmap which shows the path of financial inclusion. Although several works have been done on the present topic but its uniqueness lies on the fact that it connects digital India to become Atma Nirbhar Bharat. It is a kind of journey where every kind of people either rich or poor can be located digitally and financially. How individual and businesses have access to useful and affordable financial product...

December 3, 2020
Books, Informal Sector, , , ,
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November 2020

27Nov

Five reasons to invest in pensions technology

The world has changed exponentially in 2020, leading many multinationals to ask valid questions about how they can enhance their global operations. As a significant expense for any business, pensions and benefits have come into the spotlight. Read also With more childcare and domestic work, the pandemic poses a ‘real danger’ to women’s progress, UN finds More than ever, the pressure is on for benefits teams to demonstrate that they are taking steps to minimise spend and avoid curbing...

November 27, 2020
News, Slider, , ,
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02Nov

Switzerland: The road to digital pensions

Martin Eling, director of the Institute of Insurance Economics and professor in insurance management at the University of St Gallen, receives a letter from his pension fund every year. The document describes his situation at retirement age. “The fact that I receive a letter by regular mail once a year is not what I expect in terms of digitisation in 2020,” he says. “There is still little digitisation in the Swiss pension fund sector compared to other sectors”....

November 2, 2020
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October 2020

20Oct

Govt seeks to overturn Pension Schemes Bill amendment defeats

The government is seeking to overturn the four Pension Schemes Bill amendment votes it lost in the House of Lords in the summer by removing them from the bill. In a House of Commons Notices of Amendments publication, Pensions Minster, Guy Opperman, outlined the removal of the House of Lords’ amendments. The amendments relate to commercial pensions dashboards, transaction facilities on dashboards, reporting on fairness to members of collective defined contribution (CDC) schemes, and open defined benefit (DB) schemes...

October 20, 2020
News, Regulation, System Sustainability, , , , ,
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September 2020

24Sep

Digital financial services for smallholder households

By IFAD Recent advances in technology and telecommunications have the potential to make financial services more accessible and affordable for smallholder households in rural areas. With digital platforms such as mobile phones, smallholders can now use financial services without having to visit a bank branch. The number of digital financial services (DFS) is increasing, including smallholder- specific ones, as well as the number of countries in which services are available. However, there are still many barriers to uptake and...

September 24, 2020
Books,
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24Sep

Big Data, Artificial Intelligence and Machine Learning: A Transformative Symbiosis in Favour of Financial Technology

By Charalampos Stasinakis, Georgios Sermpinis The financial technology revolution is a reality, as the financial world is gradually transforming into a digital domain of high-volume information and high-speed data transformation and processing. The more this transformation takes place, the more consumer and investor behaviour shifts towards a pro-technology attitude of financial services offered by market participants, financial institutions and financial technology companies. This new norm is confirming that information technology is driving innovation for financial technology. In this framework,...

September 24, 2020
Articles, Innovation, Pension Management, , ,
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November 2019
01Nov

The Disruptive Impact of FinTech on Retirement Systems

By Julie Agnew, Olivia S. Mitchell This volume examines how technology is transforming financial applications, and how FinTech promises a similar revolution in the retirement planning processes. Robo-advisors and mobile savings apps are a few harbingers of innovations to come. Nevertheless, these changes will bring with them new ethical and regulatory considerations, design challenges related to promoting adoption by an older population less trusting of technology, and concerns over data security and privacy. Our contributors take stock of the disruptive...

November 1, 2019
Books, Innovation, System Sustainability, , , ,
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