Why categorisation of payment data is essential?
In today’s data-driven world, businesses are constantly seeking ways to gain a competitive edge. Payment data enrichment, powered by Open Data technology, has emerged as a valuable tool that can offer significant advantages. One crucial aspect of this technology is the categorization of payments, which plays a pivotal role in enhancing its services. In this […]
How payment data enrichment drives business growth
In today’s digital age, data has become the most valuable asset for businesses. In a hyper-connected world, where every transaction and interaction leave a digital trail, information has become the key to driving business growth and success. Payment information is not limited to a simple financial transaction but contains a wealth of additional data that […]
Customer-Centric Insurance for SME: using new tech in a traditional industry
From sales to claims to servicing, every interaction with policyholders is an opportunity to build trust and loyalty. Unfortunately, many insurers struggle to create a truly customer-centric experience for SMEs clients. In this article, we’ll explore how new technologies can help insurers overcome these challenges and deliver the kind of personalized, efficient service that SMEs […]
FintechOS and Wenalyze partner on risk analysis & digital capabilities for insurers
The partnership betwrrn Wenalyze and FintechOS enables insurers to understand customer risk profiles better, price policies more accurately, and create more personalized and relevant insurance products. Wenalyze, the leading provider of Open Data analytics software for the SME insurance industry, and FintechOS, the leading fintech enablement platform, today announced a new partnership that will provide […]
4 Challenges for the 2023 Insurance Professional
According to industry analysts, global insurance premiums will grow 2.2% in 2023. At the same time, new technologies such as AI, the changing consumer preferences, and emerging risks create new challenges, and insurance professionals should be ready for them. In this blog post, we’ll explore 4 challenges insurance professionals on commercial lines will face this […]
Insurance: Balancing Tradition and Innovation
1. Introduction When it comes to the insurance sector, there is a delicate balance to be achieved between tradition and innovation. On the one hand, the insurance industry is one of the oldest and has established certain traditional practices. On the other hand, technological progress, driven by InsurTech, are pushing the industry towards innovation and […]
How Open Data is Transforming Commercial Insurance
The commercial insurance industry is in the spotlight and the use of open data analytics will be a determining factor for its future success. In this blog post, we will discuss 3 key points on how new technologies are influencing the sector. Traditional risk assessment is not enough anymore As we mentioned already, the economy […]
How to Renew SME Insurance Premiums with Open Data
SMEs have always been the direct victims of adverse economic situations. However, they have adapted their business models to ease the effects as far as possible. The question here is: how will insurance companies adapt to their SME clients’ developments? How are they going to get the right data before renewals? Today, we will give […]
How to ensure Data Security in Commercial Lines Insurance
Last month, Google signed one of the biggest deals in data security: a $5.4 billion deal with Mandiant Inc. The shift towards remote working and the Rusia-Ukraine crisis make companies take a step ahead and protect their businesses. Therefore, the cybersecurity market expects to reach $352.25 billion by 2026. But, how to ensure Data Security […]
Cytora and Wenalyze partner to digitize and streamline core risk workflows
London, UK; 6th October 2022: Cytora, the digital risk processing platform, and Wenalyze, a leading Open Data and insights provider, have partnered to provide the commercial insurance industry with a more streamlined and informed understanding of risk. Through this partnership, insurers will now have the capability to automatically embed Wenalyze data and analytics insights within […]
