Consumers want instant digital credit decisions. This goes not only for BNPL, but credit cards, mortgages, auto lending and more. Financial institutions that cannot provide this run the risk of falling behind. But the decisioning must be as accurate as it is efficient or defaults will follow.

CyberCube is collaborating with data analytics firm EXL to develop cyber insurance solutions for the P&C insurance industry.

Cyber risk analytics company CyberCube has partnered with data analytics and digital operations and solutions provider EXL to jointly develop new cyber insurance solutions for the property and casualty (P&C) market.

Data-driven finance has become a top priority for corporate finance and accounting teams around the world, but just 23% feel they have the data and analytics capabilities they need to drive real-time insights and deliver strategic advice to their organizations.

Data-driven finance has become a top priority for corporate finance and accounting teams around the world, but just 23% feel they have the data and analytics capabilities they need to drive real-time insights and deliver strategic advice to their organizations. That’s according to a new report published today by HFS Research in partnership with EXL, [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company. The report, Behind Every Successful Enterprise, There is Data-Driven Finance (click here), takes the pulse of more than 200 finance and accounting leaders globally across several different industries to identify their biggest priorities, most significant challenges and organizational goals for the year ahead.

Only 23% of accounting and finance executives say they have mature, data-driven finance functions in place.

In VentureBeat, Rohit Kapoor, Vice chairman & CEO of EXL, writes about the new normal – the age of disruption, the millisecond economy — and how the last two years have been a massive catalyst to change the way businesses engage with their end customers.

Life insurers badly need technology and information specialists to modernize their pre-Covid distribution and underwriting systems, and some companies are willing to pay up. It’s difficult to recruit tech workers, and the enticements are getting bigger, according to Keith Johnson, head of global digital solutions and business development in insurance at EXL Service, which is based in New York City. “We are aggressively looking for talent,” said Johnson in an interview. “Compensation is always high on the list.”

Rohit Kapoor, Vice Chairman and CEO, EXL, joined TD Ameritrade's Morning Trade Live and talked about what was behind a big Q2 for EXL, how we’re helping our clients navigate a turbulent market with data-led decisioning and “human in the loop,” and what’s ahead for the rest of 2022.