According to a new report from Accenture, nearly half of investment in insurtech startups globally is going towards artificial intelligence (AI) and internet of things (IoT) technology; the report, titled, "The Rise of InsurTech," includes analysis from CB Insights data on 450 insurtech deals over the last three years; the report was released with the launch of Accenture's Fintech Innovation Lab in London, which will include a focus on insurtech. Source
Payments International is hosting the "FinTech and Future of Payments Forum" in London from November 15th to 18th; the agenda on Nov.18 includes their own version of "Shark Tank"-like business pitch competitions; finalists and judges have been announced in the areas of Identity (including blockchain), financial inclusion/personal financial management; the Internet of Things, and cross-border payments. Numerous "fresh face" companies and personalities in these sectors are noted, with judges covered on the Nov.18th agenda page and entrants covered in this LendIt News post.
A new consortium has been developed for internet of things (IoT) blockchain technology; the consortium includes established companies and blockchain startups targeting various industries; overall the consortium will focus on setting blockchain industry standards and developing new solutions for IoT technology. Source