Group has introduced plans to broaden its attain to the insurance coverage market
Kennedys has marked a big milestone by turning into part of the Middle for Analysis towards Advancing Monetary Applied sciences (CRAFT), making it the primary legislation agency to affix the group.
The worldwide legislation agency joins CRAFT via its expertise division, Kennedys IQ. CRAFT stands as the primary Trade College Cooperative Analysis Middle with a deal with fintech, uniting educational and trade companions alongside representatives from varied authorities ranges. It helps cutting-edge analysis tasks tackling the fintech challenges inside the monetary providers 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 College of Enterprise at Stevens Institute of Know-how and Apama Gupta on the Lally College of Administration 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 monetary providers trade is presently present process appreciable change as a result of growth of latest technologically targeted 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 via Kennedys IQ presents a beneficial asset.
“Having visited Kennedys’ HQ in London over the summer season, we had been impressed by their initiatives in utilizing AI techniques to automate insurance coverage claims and different fintech initiatives. We actually 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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