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Although most U.S. consumers are embracing FinTech technologies including mobile payments, there are some who are reluctant. Here are the reasons they gave in a recent FinTech Industry Outlook Report: 47% worry about protection of personal data; 46% fear fraud; 38% were not familiar; 24% preferred to use cash and 18% did not own a …

Main reasons given for not using mobile payments Read More »

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Blockchain is the software basis of the virtual currency known as Bitcoin. It stores a digital record of transactions in a fraud-proof ledger that is filed decentrally. A recent Digital Market Outlook report revealed ways that Blockchain technology may affect the way insurance claims are handled in the future. For instance, flight insurance policy claims …

The role of Blockchain technology in the future of insurance claims Read More »

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