The Earnix Blog: Resources for Insurance and Banking Leaders
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August 8, 2022
By Will Ely
The traditional Captive OEM business model is being challenged by several disruptive forces simultaneously, including changes in customer preferences towards personalized, all-digital car buying experience and digitally savvy competitors who bypass the dealer networks and approach customers directly. These trends result in a market share erosion for Captives, sliding profitability, and greater risk exposure in today’s volatile economy.
July 4, 2022
By Earnix Team
The terms “composable” and “composability” are gaining momentum in financial services, as insurance firms and banks work to eliminate silos, quickly implement new capabilities, and actualize robust strategies across the business, all without introducing added risk, or inefficiencies.
That’s a tall ...
May 10, 2022
By Earnix Team
Like all segments of the banking industry, automotive lending software is in the midst of tremendous change, driven not just by the effects of the COVID-19 market shock, but also from structural changes in the market such as online car buying, and resulting changes in dealer behavior.
At the recen ...
April 7, 2022
By Earnix Team
For many financial services customers, there is little differentiation between rival banks and their products and services. In these consumers’ view, financial products are truly commodities, and with those products widely available from traditional banks, neo-banks and non-bank sources, competition ...
February 22, 2022
By Noga Aloni
Artificial Intelligence (AI) is disrupting industries across the board. In the banking world, analytics can sometimes clash with the opinions of decision-makers who use their intuitions and years of experience to make judgments and reach their goals. The most advanced data analytics system is pointl ...
February 14, 2022
By Earnix Team
By applying risk-based pricing with precision, banks can broaden their customer bases, improve their profitability, and offer an enhanced degree of personalization to drive higher customer satisfaction and a better overall customer experience (CX). All of which results in market advantage in an incr ...