Things recently read, seen and heard at Qorus - Edition #40

Discover the study, articles, and interviews of this week.

Qorus Exclusive Content

From insuring assets to protecting mobility: Driving growth in the evolving mobility ecosystem

Mobility market evolution poses challenges and opportunities for P&C insurers who need to make the move from insuring assets to protecting the entire mobility journey. This transformation can yield measurable operational benefits and unlock revenue growth for insurers. Download your free copy of the World Property and Casualty Insurance Report 2023 by Capgemini and Qorus. Read the full study here.

How UOB is leading the transformation of the financial services industry in ASEAN countries

Janet Young is Managing Director and Group Head, Channels & Digitalization and Strategic Communications & Brand at UOB. She tells us more about the transformation of the financial services industry in ASEAN countries and about how UOB is reinventing itself by addressing customers’ changing needs and going beyond banking services. Read the full interview here.

Artificial intelligence: from use cases to business models

Artificial intelligence, with its theory, algorithms and applications, is becoming a mainstream concept in many different industries including financial services – there is no question about that. As with many other current and past mainstream concepts, the time has come to ask some critical questions about the future development of AI in the business world. The key questions we aim to address in this article are “What are the main business models?” and “What are the paths from use cases to business models?” An article by Fatih Ogun, Head of Strategy at Akbank. Read the full article here.

Mortgage stress: Prepare for impact

In many markets globally we have seen rapid rate rises as central banks attempt to curb inflation. Although markets like New Zealand, Canada, the US, and the UK have been somewhat insulated from the immediate impacts of rate rises given the much higher proportion of mortgages on fixed rates in these markets, already we are seeing indications of what is to come. How are mortgage holders reacting to rapid cash rate increases??An point of view by Kate Wilson, Global Head – Consumer Credit, Deposits & Payments at RFI Global. Read the full interview here.

?The problem with cashless payments

Citizens living in the euro area make an average of 13 payments per week of all types. They circulate through a range of channels and by way of different media, including cash, payment cards, and online.

Among European respondents, a slight majority (55%) say that it is important or very important for them to be able to continue to pay in cash in the future. As with other countries, in France cash is being used less and less, yet 83% of respondents say they are worried about the disappearance of cash. Why are there such differences between practices and perceptions? An article by Tristan Dissaux, researcher in socioeconomics: monetary innovations, sustainable and inclusive development at Université Libre de Bruxelles (ULB). Read the full article here.

?NewTech Friday : KAYKO – Bookkeeping app for SMEs

Based in Rwanda, KAYKO offers an app that allows small businesses to send invoices and receipts, collect customer debts, manage their stock, and measure their profit and loss. We talk about the company and the app with Crepin Kayisire, is Founder and CEO of KAYKO. Read the full interview here.

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Curated Industry News

BNP Paribas announces the final signing of the agreements designating the bank as exclusive partner for Stellantis’ captive in Germany, Austria, and the UK. Learn more here.

Electric car drivers fear running out of charge – but help is at hand from Aviva. Learn more here.

Brankas and MPT Mobility enable instant toll reloading in the Philippines via bank accounts. Learn more here.

Grab launches new features and tie-ups to welcome travelers back to the region. Learn more here.

Grab WeChat Mini Program Is Live, Payment Powered by FOMO Pay. Learn more here.

Carrefour and MoneyGram join forces to broaden financial service offerings to Carrefour customers. Learn more here.

Crédit Agricole and Worldline want to create a major player in merchant services in France. Learn more here.

Lloyds Bank launches new payment transfer service for businesses. Learn more here.

UOB and Lazada form strategic partnership to grow digital ecosystem in Southeast Asia with enhanced payments and financial services. Learn more here.

Starbucks mobile payment app boasts 31.2 million users - demonstrating the pliable nature of the market. Learn more here.

Canadians see sustained growth ahead in the digital economy, with technology likely to drive the success of small businesses. Learn more here.

Tide encourages UK businesses to ‘Kickstart’ global carbon removal movement to deliver net zero. Learn more here.

Cuenta Nu evolves in Mexico and announces Cajitas (money boxes) feature. Learn more here.

OCBC Bank launches OCBCx65Chulia in Decentraland to redefine access to banking. Learn more here.

UOB to build new global technology and innovation centre . Learn more here.

Hong Kong SMEs' cyber awareness declines despite rise in cyberattacks. Learn more here.

LifeQ study finds wearables measure biological aging. Learn more here.