How #openness will change insurers’ pricing strategies

  • Maarten Bakker - Sector Lead Insurance Josje Fiolet
  • Customer CentricityOpennessInsuranceAPIOnboarding

Efforts of insurers should focus more on delivering personalized propositions to their customers. This article elaborates on how insurers can gather relevant insights in an open ecosystem world to allow for more personalised premiums and to gain new business.

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Join the co-creation of UNBIAS to revolutionise SME financing

SMEs in the Netherlands forfeit €1,2 bln in lost revenues each year due to the restricted availability of short-term financing. INNOPAY is leading an industry-wide project to support SMEs in accessing affordable financing through the co-creation of a scheme, or set of agreements, to encourage all players in the supply chain to share reliable and trusted invoice data. The UNBIAS project will deliver significant benefits and opportunities for all parties in the ecosystem, and we invite you to join us in this ground-breaking co-creation venture.

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Third Parties and Corporate Banks: Digitally Transforming the Corporate Onboarding Process

  • Josje Fiolet Esther Groen
  • PSD2Open BankingOnboardingCorporate Onboarding

The concept of Open Banking and its potential grows steadily on corporate banks. PSD2 has been an important catalyst for banks in opening up, however, it forced them to focus on complying first, leaving little leeway to innovate beyond PSD2.

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Fostering an innovative environment: a pragmatic guide to embracing innovative CDD technologies while effectively managing the associated risks

  • Josje Fiolet
  • Digital identityOnboardingKYCDigital Transformation

The European Supervision Authorities, supporting new Customer Due Diligence technologies, provided a pragmatic guide for organisations considering how to strike the right balance. By using these guidelines, financial institutions can more easily embrace digital opportunities, and quantify the risks and security aspects of using innovative solutions. This analysis article clarifies the guidelines and provides additional insights and considerations.

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How a new kid on the payment block is outclassing other banks

  • Josje Fiolet David Mintjes Jurriaan Wesselink
  • Digital identityOnboardingRetail BankingChallengerBenchmark

Although newer and smaller banks are more agile than their larger, more established competitors, they are being outclassed by a new kid on the payments block. This is one of the interesting conclusions of the latest INNOPAY Onboarding Benchmark.

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iSHARE data sharing scheme now available for everyone in the logistics sector

INNOPAY is proud to announce that as of March 2018, all organisations active in the logistics sector can make use of iSHARE. This scheme, or uniform set of agreements, which enables everyone in the sector to share logistics data with everyone else – including with partners further upstream or downstream in the chain – in a simple and controlled way, was launched during the annual conference of the Dutch Top Sector Logistics. The launching customers were also presented to the audience at the event.

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'Open Insurance': a new mindset for the Insurance sector

  • Maarten Bakker - Sector Lead Insurance

The Insurance sector evolves at a more leisurely pace than many industries, but according to Maarten Bakker, our INNOPAY Sector Lead Insurance, organisations which are slow to develop open strategies will soon find themselves marginalised.

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8 Trends of Cybersecurity

  • Jelger Groenland Rob van der Staaij
  • CybersecurityDutch content

In this year’s first issue of the Dutch CIO Magazine, a print publication of IDG, the world’s leading technology media company, INNOPAY’s Rob van der Staaij and Jelger Groenland give their views on cybersecurity.

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Decentralised identity enabled by the data control stack turns GDPR into a competitive advantage

  • Maurits Dewina David Mintjes
  • Digital identityArticleGDPRData SharingOpennessCustomer in Control

A new type of player in the digital identity ecosystem - the consent manager - is enabling customers and organisations to take more control over (identity) data. Relying parties should follow this development with great interest because there are significant benefits gained from joining a data control scheme.

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Insurance and the Open Banking wave: seven use cases

  • Maarten Bakker - Sector Lead Insurance
  • InsurancePSD2Open BankingInnovation

We observe that many insurers are currently at best exploring a new wave of Open Banking and risk falling behind. To help accelerate the strategic thinking of insurance companies in this emerging domain INNOPAY has used its expertise in PSD2, GDPR and Open Banking and defined several use cases. In this blog we address several of them and how they create opportunities in risk management, data exploitation and open functionality.

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