Group has introduced plans to develop its attain to the insurance coverage market
Kennedys has marked a big milestone by turning into part of the Heart for Analysis towards Advancing Monetary Applied sciences (CRAFT), making it the primary legislation agency to affix the group.
The worldwide legislation agency joins CRAFT by means of its expertise division, Kennedys IQ. CRAFT stands as the primary Business College Cooperative Analysis Heart with a concentrate on fintech, uniting tutorial and trade companions alongside representatives from numerous authorities ranges. It helps cutting-edge analysis initiatives tackling the fintech challenges throughout the monetary companies trade and is financially supported by the Nationwide Science Basis (NSF).
Amid the fast digital transformation of the finance sector, CRAFT, spearheaded by Dr Steve Yang, CRAFT director, and George Calhoun on the Faculty of Enterprise at Stevens Institute of Expertise and Apama Gupta on the Lally Faculty of Administration at Rensselaer Polytechnic Institute, highlights the nation’s strategic funding in managing dangers and unintended penalties rising within the high-tech monetary companies trade.
“The monetary companies trade is presently present process appreciable change because of the growth of latest technologically centered services and products. The understanding of those improvements requires a multidisciplinary method bringing collectively the views of trade, societal and authorities insurance policies, which is the place CRAFT is available in,” Yang mentioned.
With CRAFT planning to increase its focus to incorporate the insurance coverage market, Kennedys’ experience in crafting expertise options by means of Kennedys IQ presents a useful asset.
“Having visited Kennedys’ HQ in London over the summer time, we have been impressed by their initiatives in utilizing AI methods to automate insurance coverage claims and different fintech initiatives. We really consider this partnership will generate a big impression within the trade, and there’s a nice synergy right here,” Yang mentioned.
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