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THE AI IN INSURANCE REPORT: How forward-thinking insurers are using AI to slash costs and boost customer satisfaction as disruption looms

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This is a preview of the AI in Insurance research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. The insurance sector has fallen behind the curve of financial services innovation — and that’s left hundreds of billions in potential cost savings on the...
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The Saudi crown prince allegedly hacked Jeff Bezos’ phone. Meet 34-year-old Mohammed bin Salman, who’s at the center of human rights issues and drops millions on yachts and mansions.

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Mohammed bin Salman is the 34-year-old crown prince of Saudi Arabia. The UN said this week it had received credible information that Prince Mohammed hacked the personal cell phone of Amazon CEO Jeff Bezos, which the Saudi embassy has denied. The Saudi crown prince controls part of the royal family’s vast wealth, which is estimated...
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Millennials still want to buy homes, and they’re using 4 strategies to make it happen

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Millennials are still planning to buy homes, according to data collected by real estate listing site Clever.  To do it, they’re using strategies like making smaller down payments and settling for smaller homes. They’re also getting help from their families, and leaving the city for the suburbs.  Read more personal finance coverage.  As millennials start...
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A venture capitalist is giving away free therapy to his portfolio-company founders after his own battle with loneliness and work stress

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Tech investor Josh Felser announced in a blog post on Wednesday that his VC firm, Freestyle Capital, will start paying for founders of its portfolio companies to receive certain mental health services. Felser, a serial entrepreneur, hopes the benefit signals to founders that time spent on self-care is time well spent. One of the mental...
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REPORT: Ant Financial and Tencent are rapidly growing their financial services ecosystems — here’s exactly what they offer and where we think they’ll go next (TCEHY)

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This is a preview of the Fintech Disruptors from the East research report from Business Insider Intelligence. 14-Day Risk Free Trial: Get full access to this and all Fintech industry research reports. Over the past 15 years, spending in China has become increasingly powered by mobile payments. In Q4 2018, China’s third-party mobile payments industry was...
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Amazon is working to develop biometric scanners to link handprints to credit cards, allowing shoppers to buy with the swipe of their palm

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Amazon is working with credit card companies to create terminals to allow users to pay for items with biometric data from their handprint, The WSJ reported. The online retailer previously patented such technology, which had been presumed to be used at its Whole Food stores Amazon currently allows shoppers at its Amazon Go grocery store...
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Here are the 30 most powerful people in Bank of America’s $8 billion bond-trading division, which just had a big shakeup

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Business Insider is mapping out the power structure in the global banking and markets businesses overseen by Bank of America Merrill Lynch COO Tom Montag — one of the most powerful executives on Wall Street.  In the kingdom that Montag rules over, no group looms larger than fixed-income, currencies, and commodities. The group accounted for...
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20 years before WeWork, SoftBank raised a massive fund and plowed money into 14 startups. 7 collapsed in the aftermath of the dotcom meltdown and the fund returned pennies on the dollar.

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SoftBank Vision Fund’s recent investments have attracted a great deal of scrutiny in the aftermath of WeWork’s failed IPO, especially after SoftBank Group reported a $6.5 billion loss in the third quarter. SoftBank had raised $1.5 billion for SoftBank Capital Partners in 1999, which likely made it the largest late-stage venture fund at the time,...
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