With Asia Pacific expected to attract a larger share of global investment flows, this initiative will improve price transparency and facilitate more efficient price discovery in the region’s time zone,” said Stuart Staley, Asia Pacific Head of Markets and Securities Services at Citi. “The expansion of our FX trading engine will also lead to a vast improvement in latency for our clients in Singapore and across much of Asia Pacific, who prior to this would connect via Tokyo or one of our trading engines outside of the region.
As one of the first liquidity providers to build an electronic FX trading engine in Singapore, we look forward to growing the FX trading ecosystem, particularly as the growth of electronic trading accelerates for both spot and NDF currencies,” said Itay Tuchman, Global Head of FX Trading. “Citi has a long-standing and successful FX hub in Singapore, and this partnership with the MAS only re-affirms our long-term commitment to the country and the region. Together with an expected expansion of Citi’s FX eTrading hub and infrastructure in Singapore, the developments will enable Citi’s clients to benefit from deeper liquidity and greater efficiency in executing FX transactions throughout the region. The company has raised $50 million to-date led by 3L Capital, Greenfield Partners, Arbor Ventures, Viola Fintech, Team8 and Eight Roads.Expected to go live in the final quarter of 2019, the electronic platform will boost the development of Singapore as an Asian liquidity hub for the region. Planck was founded by a team of relentless entrepreneurs with extensive backgrounds in insurance and technology and has almost 100 employees globally. The platform makes managing risk much faster and more predictable, resulting in increased written premium while reducing loss and expense ratios. Global carriers, MGAs and insurtechs leverage Planck’s holistic solution for customer acquisition and growth strategies, submission prefilling and validation, underwriting new business, renewing existing policies, premium auditing and more. Planck enables insurers to drive service and underwriting excellence by connecting the most up-to-date insights, with just a business name and address. Planck, an automated AI-powered data platform for commercial insurance, has solved the industry's long-standing need for real-time accuracy and truth. The suite of benefits from Planck continues to grow and additional products are scheduled to launch throughout 2022. Republic Indemnity (Great American Insurance Group) and Top insurance companies in the US, Europe and Japan are already benefiting from Planck’s offerings, such as
The out-of-the-box risk search engine is available today and can be onboarded quickly for both new and existing customers. With the embedded feedback feature, users can easily train the returned insights to inform their individual search engine algorithm models and ensure future results are prioritized based on the insurer's specific needs. This streamlined access to vital information empowers insurers with a complete picture of a business to make critical underwriting decisions quickly and accurately so they can pivot to the more complicated challenges,” Kalechstain stated. “Our platform is built to understand risk and go beyond basic, firmographic business data. Further refinement capabilities are built-in to enable underwriters to filter within the offered results and uncover answers to their specific underwriting questions. Results can be sorted by source type, including a map outlining additional geospatial risk data. “Planck is the only platform that provides the focused, relevant web results they need about the businesses they write-with just a single search query.” “Underwriters no longer need to spend hours of valuable time reading endless pages of information meant for everyday consumers,” said Noa Kalechstain, Vice President of Product Strategy at Planck. Accessible via an on-demand web application or API integration, the complete and up-to-date digital presence of a business is returned in aggregate. The proprietary solution returns real-time results mined from billions of public sources and unindexed government records. Relevant answers are often buried or simply do not exist in the public sphere. Planck’s newly developed risk search engine solves for the shortcomings of traditional research methods, which are ineffective and time consuming.
Planck, a leading AI-powered business intelligence platform, unveiled a new risk search engine built specifically for commercial insurance research.
0 kommentar(er)
