Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

MetLife selects eight finalists for open innovation programme, collab 3.0 EMEA

MetLife selects eight finalists for open innovation programme, collab 3.0 EMEA

Record response with 148 applications from 32 countries competing for the chance to win a contract with MetLife 

MetLife today announced eight finalists for its open innovation programme, collab 3.0 EMEA. Run by LumenLab, MetLife Asia’s Singapore-based innovation center, in collaboration with MetLife’s Europe, Middle East and Africa (EMEA) region, the programme invites insurtech innovators to compete for a USD 100,000 contract with MetLife to develop new solutions across the insurance value chain in areas including customer engagement, sales, and operations. The winner will get to pilot their solution with MetLife in EMEA.

Since launching in March, collab 3.0 EMEA has attracted a record number of applications – 148 from 32 countries around the world. The eight finalists will hone their ideas over the next two months before pitching them to senior MetLife executives this July in London. To help the finalists develop their solutions and enhance their understanding of MetLife’s business, they will be paired with “employee champions” who will provide tailored mentoring, underscoring the company’s commitment to talent development and promoting a culture of innovation.

The eight finalists:

DataRobot(United States) offers an automated machine-learning platform and services that help enterprises make accurate predictions from big data and draw actionable insight in a fraction of the time required by conventional data science tools and methods.

Anorak(United Kingdom) is a smart life insurance advice platform that leverages multiple data sources and machine learning to provide customers unbiased and tailored recommendations on getting the right life insurance policy.

Lucep (Singapore) is an omni-channel engagement system that generates leads from digital channels and directs them to the best agents available to respond to the call, providing the agent with analytics and data on the prospect to help them convert them to a customer.

Kasko (United Kingdom) offers an end-to-end cloud based insurance platform that enables insurers to create, launch, run and optimise digital insurance products in any distribution channel quickly, cost-effectively and flexibly.

Eltropy (United States) empowers financial firms to engage clients across messaging apps like SMS, iMessage, WhatsApp, Line, WeChat, Facebook Messenger – to grow revenue rapidly.

The ID Co. (United Kingdom) offers customers a frictionless user verification experience during the on-boarding process by using Open Banking data and identity verification.

TrustSphere (Singapore) uses relationship analytics technology to leverage employee relationship networks in an organisation by automatically analysing only the metadata from employees’ digital interactions.

CUBE (United Kingdom) provides an automated approach to monitor, detect, and analyse global regulatory changes and helps firms to understand the impact of these changes on policy and procedures across all lines of business.

“The Insurtech landscape is rapidly evolving and we are excited to see collab attracting a high calibre of entrants as it goes global. The innovative finalists we chose bring fresh thinking to address the rising expectations of insurance customers. We are excited to work together with them in the coming months,” said Zia Zaman, LumenLab’s chief executive officer and chief innovation officer, MetLife Asia.

Michel Khalaf, President of MetLife’s U.S. Business and EMEA commented, “The strong finalist line up showcases an exciting mix of ideas and technological solutions that can help drive greater value for our business and deliver a differentiated experience for our customers. Our employee champions will offer crucial support, insight, and guidance as our finalists seek to develop their solutions and pitches.”

This is the third collab programme that LumenLab has launched for MetLife. To date, MetLife has awarded more than half a million U.S. dollars’ worth of contracts through collab in Asia that have helped develop practical solutions that deliver value to MetLife’s business and customers.

For more information on collab 3.0 EMEA and the eight finalists, visit:

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post