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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 Center for Research towards Advancing Financial Technologies (CRAFT), making it the primary legislation agency to hitch the group.
The international legislation agency joins CRAFT by means of its expertise division, Kennedys IQ. CRAFT stands as the primary Industry University Cooperative Research Center with a give attention to fintech, uniting tutorial and trade companions alongside representatives from varied authorities ranges. It helps cutting-edge analysis initiatives tackling the fintech challenges throughout the monetary providers trade and is financially supported by the National Science Foundation (NSF).
Amid the fast digital transformation of the finance sector, CRAFT, spearheaded by Dr Steve Yang, CRAFT director, and George Calhoun on the School of Business at Stevens Institute of Technology and Apama Gupta on the Lally School of Management at Rensselaer Polytechnic Institute, highlights the nation’s strategic funding in managing dangers and unintended penalties rising within the high-tech monetary providers trade.
“The financial services industry is presently undergoing considerable change due to the development of new technologically focused products and services. The understanding of these innovations requires a multidisciplinary approach bringing together the perspectives of industry, societal and government policies, which is where CRAFT comes 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 helpful asset.
“Having visited Kennedys’ HQ in London over the summer, we were impressed by their initiatives in using AI systems to automate insurance claims and other fintech initiatives. We truly believe this partnership will generate a significant impact in the industry, and there is a great synergy here,” Yang mentioned.
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