A fifth of European consumers would buy insurance or banking products from Google, Amazon or Facebook reveals a study

data-in-hand

Customers could increasingly turn to big-name disruptive firms in the financial services sector, according to a survey of the European market by Fujitsu.

The survey by the business technology firm sought responses from 7,000 people, with more than one-third (37%) of respondents threatening to leave current providers if they do not offer up-to-date

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Lack of trust in telematics hampering potential

After a survey found only 8% of respondents had received any communication from insurers about adopting telematics-based insurance to help reduce premiums, Fairer Finance’s James Daley said “telematics still doesn’t seem to be fulfilling its potential”.

Q&A: Simon Axon, Teradata

Simon Axon, global financial services industry director at Teradata, explains how general insurance providers are lagging behind banks in making the most of their data and why Amazon’s style of operating should inspire boards to back investment in digital transformation.

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