July 2020

23Jul

WhatsApp to pilot projects to deliver credit, insurance and pension to users in India

WhatsApp plans to offer credit, insurance and pension products to lower-income individuals and those in rural areas in India and help digitize local small and medium-sized businesses as the Facebook service looks to make a digital payments push in its biggest market by users. The instant messaging app maker has been working with banks -- including ICICI, Kotak Mahindra and HDFC -- in India for the past year to explore ways to bring financial services to individuals who have...

July 23, 2020
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21Jul

UK. Cybercrime and Pensions Administration

In 2019, cybercrime and fraud constituted 42% of all criminal activity. With the advances in technology the whole of society is experiencing, its no surprise that crime is evolving too.. We need to be alive to the fact pension schemes and administration providers are attractive to cybercriminals. Partly because of all the personal data processed but also because of the importance of ensuring pension payments continue uninterrupted, as well as the potential of ransomware attacks. Information released by the...

July 21, 2020
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June 2020

15Jun

IBM Trials Blockchain Platform For Primary Teachers ’ Pensions in Bangladesh

IBM has started an initiative to create a distributed ledger technology (DLT) based framework that will form the back bone of digital pension program for Bangladeshi primary school teachers. The PoC (Proof-of-Concept) consists of a permissioned network of teachers and other partakers backed by the IBM Blockchain Platform, with pension data loaded on the blockchain to guarantee unalterable data keeping and offer safety guarantees to teachers partaking in GBB (Grameen Bank of Bangladesh) government supervising IT policy in the...

June 15, 2020
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May 2020
15May

How the UK pensions industry is paving the way for open data sharing ecosystems

As consumer expectations around digital services increase, businesses across every sector are looking to meet a growing demand for better, and more user-friendly, applications of data. The Covid-19 pandemic has only accelerated this shift to digital as traditionally offline activities move online, and businesses are racing to stay ahead of both their customers and their competitors. The UK pensions industry might not seem an obvious place to look for inspiration about how to adapt to digital transformation, but that...

May 15, 2020
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April 2020

06Apr

European report suggests blockchain for welfare tracking

Government benefits and assistance might be more important now than ever. But even if you’ve been living under a rock, you know that holding government to account, and ensuring benefits reach their destination with minimal delay is important. A new report published by the European Foundation for the Improvement of Living and Working Conditions (Eurofound) highlights how blockchain technology, like Bitcoin SV (BSV), could make that process more efficient. The April 2 report looks into several emerging technologies, like...

April 6, 2020
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March 2020

28Mar

OECD Science, Technology and Innovation Outlook 2018

By OECD The OECD Science, Technology and Innovation Outlook 2018 is the twelfth edition in a series that biennially reviews key trends in science, technology and innovation (STI) policy in OECD countries and a number of major partner economies. The 14 chapters within this edition look at a range of topics, notably the opportunities and challenges related to enhanced data access, the impacts of artificial intelligence on science and manufacturing, and the influence of digitalisation on research and innovation....

March 28, 2020
Books, System Sustainability,
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February 2020

25Feb

R3 To Provide Blockchain Identity Solutions To Help Recover $48B In Unclaimed Pensions

Blockchain technology provider, R3 has revealed that it is working on offering pension companies with the requisite technology to develop fresh identity solutions built on blockchain which could enable savers to recoup part or all of $48 billion worth of lost pension pots in the UK, CoinDesk reports. The head of R3’s digital identity unit, Abbas Ali, pension services providers are set to debut their solo solutions that will use R3 tech within this year. According to a study...

February 25, 2020
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January 2020

24Jan

Man versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations

By Braiden Coleman, Kenneth J. Merkley, Joseph Pacelli Advances in financial technology (FinTech) have revolutionized various product offerings in the financial services industry. One area of particular interest for this technology is the production of investment recommendations. Our study provides the first comprehensive analysis of the properties of investment recommendations generated by “Robo-Analysts,” which are human-analyst-assisted computer programs conducting automated research analysis. Our results indicate that Robo-Analysts differ from traditional “human” research analysts across several dimensions. First, Robo-Analysts collectively produce...

January 24, 2020
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23Jan

UK. Pensions dashboards: Minister urges providers to get data in shape

Pensions minister Guy Opperman has urged companies to help pave the way for the dashboards – apps to help people keep track of their savings . The pensions dashboards will give people information about their pensions via a smartphone app, and have been billed as the solution to bring retirement money “into the digital age”. However, they require secure and accurate data from providers. Schemes will be forced to supply this under new laws, but Opperman said...

January 23, 2020
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December 2019
27Dec

Realistic Expectations and Limitations to Consumer-Facing Robo-tic Advisors

By Dirk Cotton, Neville Francis We present a benchmark life-cycle simulation model (RFSM) that incorporates the financial, demographic, and mortality positions of retired households. By adjusting several features we nest a specific type of consumer-facing (generic) robo model that attempts to minimize the user's workload by imputing key inputs. We calibrate both models under robo policies using the Health and Retirement data for our benchmark model and robo-imputed data for the Generic-Robo model. Our findings indicate that retirees using...

December 27, 2019
Articles, Investing, Pension design, Savings, ,
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