- Partnership between LexisNexis Risk Solutions and Agenium is set to reshape traditional business practices in the finance and technology industries.
- This alliance aims to simplify and streamline the life insurance application process through the use of data analytics, no-code technology, and effective fraud detection mechanisms.
- The possibility of this alliance extending into different economic sectors, such as equity or bond trading.
The disruption of established financial systems is the order of the day, epitomized by the significant partnership between LexisNexis Risk Solutions and Agenium. The former, an analytics powerhouse, together with Agenium, a beacon of no-code solutions, is all about marrying finance with disruptive tech to make financial services faster, smarter, and more secure for consumers.
A defining aspect of this collaboration is their innovative no-code platform designed to overhaul the insurance policy application procedure. Such a technological advancement is a savior for industry titans bogged down by outdated systems and cumbersome workflows. It not only revamps the application process but also melds and expedites claim settlements, thereby putting an amplified customer experience front and center.
A useful way to appraise this tool is through the prism of the Modern Portfolio Theory (MPT), an investment principle that streamlines the construction of a portfolio to maximize return for a certain market risk level. Much like how the MPT employs quantifiable measures to gauge risk and return, this novel platform uses forward-thinking data analytics for fraud detection, providing an unrivaled degree of security.
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