FinTech & InsurTech: Industries at the Intersection Series
Podcast: TechSurge: Deep Tech VC PodcastPublished On: Thu Oct 17 2024
Description: In this episode of TechSurge: The Deep Tech Podcast, host Nicholas Brathwaite of Celesta Capital speaks with Christian Mitchell, Chief Digital and Information Officer at Northwestern Mutual, about the profound digital transformation happening in the financial services and insurance sectors. The discussion covers how legacy systems are being modernized, the role of AI in enhancing underwriting and customer experiences, and the increasing importance of cybersecurity in safeguarding sensitive data. Christian also shares insights on the evolution of FinTech startups and Northwestern Mutual’s approach to investing in and partnering with innovative tech companies, providing a deep dive into how technology is reshaping long-established industries while balancing innovation with regulatory and customer needs.Chapters00:00 Introduction to Tech Surge and Industry Transformation02:46 Legacy Technology vs. Digital Transformation in Financial Services05:55 The Evolution of FinTech: From 1.0 to Current Trends09:08 Leveraging Startups and Deep Tech for Innovation11:58 Navigating Challenges in Digital Transformation15:06 Talent Acquisition and Company Culture in Tech18:01 The Role of the Innovation Lab in Driving Change20:54 AI's Impact on Business Operations and Customer Experience24:02 Addressing Privacy, Bias, and Ethical AI Implementation26:58 Data Management Strategies: Cloud vs. On-Premise 29:47 Cybersecurity as a Collective ResponsibilityLinkshttps://www.northwesternmutual.com/https://fintechbreakthrough.com/2022-winners
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