Anorak scoops the people’s prize in the inaugural Fink Tank Dragon’s Den

A new app designed to make buying life insurance quicker and simpler triumphed on the Fin-k Tank ‘Dragon’s Den’.

 

Four groups went head to head at our inaugural Fin-k Tank conference, judged by a panel of experienced FinTech investors.

 

The popular vote went to Anorak, a life insurance and income protection provider, which aims to ease the journey of finding and buying the right life insurance. David Vanek, CEO and Founder, said: “There are 9m without life insurance in the UK, and another 35m in the US. We want to make life insurance as accessible as possible.” It secured 51% of the overall votes.

 

Of particular interest to the Dragons, however, was Zetaris, a new data fabric technology, which lets organisations connect to every possible data point and help define their decision-making. Dragon Dharmash Mistry, venture capitalist and angel investor, said: “We invest in companies where there is a clear problem and a solution that is 50-100% better. We see lots of people have data living everywhere and in a mess. Zetaris seems to push on this significant problem.”

 

Also on the platform was Richard Crook, Head of Emerging Technology at RBS talking speaking on the next generation of fund creation on block chain. He discussed the idea that people want to own and manage their own wealth without an intermediary, as they have been able to do with cyrptocurrencies.

 

Sebastian Comment, Managing Director at Clever Circles, an app started in Europe, showed how the app allows investors to harness the wisdom of crowds, giving them the ability to create their own investment committee of family, friends and experts.

 

 

ENDS

Notes to the Editors:

 

Fin-k Tank is a new one-day conference from Boringmoney.co.uk, designed to show the financial industry how technology can improve the world of savings and investments.

 

With particular focus on open banking, Blockchain, hybrid advice and Artificial Intelligence, Fin-k Tank combines talks, interviews and live demos to highlight best practices, developments and opportunities. Financial services largely lag behind other industries in consumer grade user experience and communication - Fin-K Tank aims to address this issue.

 

This is Boring Money’s second Fin-k Tank fintech event, after a successful half-day launch in December 2017. The event is supported by Altus Consulting and Aviva.

 

The four fintechs which demo-ed at Fin-Tank are:

 

  1. Richard Crook, Head of Emerging Technology, RBS. He spoke on the next generation of fund creation on block chain. https://www.rbs.com/rbs/sustainability/customer-focused/technology-innovation-and-disruption.html
  2. Sebastian Comment, MD and Samuel Scheidegger, Member of Executive Board at Clever Circles. Clever Circles is an open asset management platform that allows you to harness the wisdom of your chosen crowd when making investment decisions. https://clevercircles.ch/
  3. David Vanek, CEO and Founder, Anorak. Anorak is a new player in InsureTech – you can get a simple life insurance checkup online, impartial advice about your cover and then 3 best-matched policies to cover you. They scan all the major insurers. https://www.anorak.life/
  4. Vinay Samuel, Founder and CEO, Zetaris. Zetaris is an Australian-born data platform, the world’s only true data fabric technology built with IoT and Edge computing in mind. It lets organisations connect to every possibly data point that helps define an organisation’s decisions. https://zetaris.com/

 

For more information please contact:

Cara Whitehouse or Richard Bradley

cara@boringmoney.co.uk / richard@boringmoney.co.uk

020 7339 3065 / 020 7339 3060