The fintech industry is rapidly growing, and has the potential to disrupt traditional banking with the use of innovative technology to make financial services more accessible
Technology must keep pace, and developing a cloud strategy allows organisations to meet business demands. Microservices are being used across all industries to form the basis of large cloud-native applications which can be scaled to millions of users, support multiple platforms, handle complex business rules, can be competitive in a fast moving market, react quickly and out-innovate the competition.
Ripe has been providing niche insurance services to businesses and consumers since 1998, when they launched their first insurance product for Golfers.
Ripe’s “technology first” ethos is all about making insurance straightforward and cost effective for over 200,000 policy holders.
Recently Ripe has seen a selection of industry recognition from winning the Fintech awards 2018 and the Insurance Choice Awards 2017, to placing on the Sunday Times ones to watch 2018.
There was an increase in financial sector regulation after the financial crisis in 2008, however, this time also led to the rise of FinTech brands creating technology-driven products that enhanced customer experiences and engagements with financial institutions.
Using customer data to build these new digital products welcomed a new area of technology – RegTech. An agile group of companies supporting the additional regulatory measures and laws on data privacy, usage and distribution.