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"Fintech", a clipped compound of "financial technology", refers to the application of innovative technologies to products and services in the financial industry.This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
An insurance-linked security (ILS) is a financial instrument whose value is driven by insurance loss events. Those such instruments that are linked to property losses due to natural catastrophes represent a unique asset class, the return from which is uncorrelated with that of the general financial market.
The majority of these deals have been in the digital payment sector and recently in alternative lending and InsurTech as well. Top investments include a PE investment of US$600 million in Pine Labs, and large VC funding rounds by BharatPe (US$395 million), Razorpay (US$375 million), and OfBusiness (US$325 million). [6]
Definitions that are important aspects discussed by the article, but have not been elevated to the level of subtitle and do not pass the "rare technical term" test. Example (from Current (electricity)): In electricity, current is any flow of charge, usually through a metal wire or some other electrical conductor.
Jessica Alba is spending quality time with her boy!. On Monday, Feb. 17, the actress, 43, shared an Instagram reel capturing sweet moments from her weekend away with son Hayes, 7.The footage ...
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A Texas substitute teacher has come under fire after inviting Immigration and Customs Enforcement (ICE) officers raid his school because his students “don’t even speak English.”