Exponential technologies and zero marginal costs in financial services

Exponential technologies and zero marginal costs in financial servicesVal Srinivas, Banking & Securities research leader, Deloitte Services LP, on June 24, 2015

Around this time last year, I wrote a blog post on the first Exponential Finance conference hosted by Singularity University. In that post, I speculated about the implications of exponential technologies—such as artificial intelligence, robotics, ambient computing, and 3D printing—for financial services.

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2015 International Insurance Forum: Event recap on next steps for ICS, cybersecurity, and US insurance regulation

2015 International Insurance Forum: Event recap on next steps for ICS, cybersecurity, and US insurance regulation Andy Mais, Insurance senior manager, Deloitte Services LP, June 17

There were some clear takeaways from the 2015 International Insurance Forum held in Washington DC by the National Association of Insurance Commissioners (NAIC). Billed as “The Flagship Event for the Global Insurance Economy,”1 the forum’s two day program included a wide range of speakers representing domestic and global regulators, industry, and consumer groups covering topics including insurance capital standards (ICS), cybersecurity, and the evolving regulatory structure.

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Returns on equity in banking: Have we hit a new plateau?

Returns on equity in banking: Have we hit a new plateau?Urval Goradia, senior analyst, Deloitte Services India Pvt. Ltd, June 17

Banks have adapted to the post-crisis operating environment by fortifying balance sheets, cutting exposure to unprofitable businesses, and taking the axe to overheads. These measures have revived profits from the depths of the crisis—in both 2013 and 2014, industry profits exceeded the previous record set in 2006.

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Should US insurance regulation become more bank-like?

Should US insurance regulation become more bank-like?Andy Mais, Insurance senior manager, Deloitte Services LP, June 10

I’ll give my insurance friends a couple minutes to ponder the question, down a couple quick scotches, start searching the internet for tar and feathers, and get the holy water and garlic cloves out to keep me away.

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Bitcoin and financial services: Will the blockchain rule them all?

Bitcoin and financial services: Will the blockchain rule them all?Jim Eckenrode, Executive Director, Deloitte Services LP, on June 3, 2015

Well, it’s good to be right. About a year ago, we produced a report on Bitcoin that was spurred by a rapid rise in the value of a bitcoin, and entities of various stripes were positioning themselves to take advantage of this “gold rush” by developing services or products aligned to the cryptocurrency and its processing platform. At the time, we posited that for Bitcoin to enter the mainstream as a digital currency, several conditions would need to be met. Chiefly, the currency would have to exhibit greater price (or exchange rate) stability, that it would need to entice merchants to accept the currency for payment through various digital and physical touchpoints, and that all parties in the financial ecosystem (merchants, payment processors, and banks) would need to be able to trust the veracity, stability, and security of the system itself.

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Retirement by the numbers: Do Americans frequently switch their primary financial professional?

Retirement by the numbers: Do Americans frequently switch their primary financial professional?

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Annuities sellers need more innovative options to widen prospect pool, accelerate growth

Sam Friedman, Insurance research leader, Deloitte Services LP, on June 1, 2015

With 10,000 baby boomers turning 65 every day for the next 15 years,1 and the number of defined- benefit pension plans available to support them continuing to decline, the pool of prime prospects for annuities offering guaranteed lifetime income should theoretically be deepening.

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Retirement by the numbers: Do Americans prefer one or multiple advisors?

Retirement by the numbers: Do Americans prefer one or multiple advisors?

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Home equity: Can it make the difference for retirees?

Home equity: Can it make the difference for retirees?Surabhi Sheth, Real Estate research leader, Deloitte Services LP, on May 27, 2015

Many consumers may not realize that their home can play an important role when it comes to planning for a secure retirement. In the USA, home equity1 is one of the most critical creators of wealth for retirees, constituting one of the largest chunks of one’s personal financial assets.2 When people buy a home, especially their first, they rarely think of it as an investment in retirement, yet it sometimes becomes just that.

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Retirement by the numbers: Are “do-it-yourselfers” really better off?

Retirement by the numbers: Are "do-it-yourselfers" really better off?

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