InsurTech Futures: Brokers urged to look at technology changes in banking
CGI's Paul Dix says brokers need to exploit their data and understanding of the market to remain relevant.
Brokers should take advantage of technological developments in the banking sector, according to Paul Dix, vice president, insurance, at IT and business consultant firm CGI.
He explained that traditional banks have had to open up their core services, losing the ability to have direct interaction with the consumer and instead going through other channels.
According to Dix, start-ups are now helping people budget and be more forward-looking in how they spend money, which is likely to spread to
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