Richard Tyler & Eric Butler: Phinsys: Financial reporting - one place, all the time (254)

InsTech - insurance & innovation with Matthew Grant

InsTech

Entrepreneurship, Investing, Business

4.8 • 50 Ratings

🗓️ 9 July 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Technology comes in many forms - some of it is very visible and accessible - but a lot of the important technology is working away out of sight - and usually out of mind. And many of the most successful companies are those that are building out this critical infrastructure. Richard Tyler, Founder and CEO of Phinsys and Eric Butler, Head of Americas and Bermuda join Matthew Grant to discuss why Phinsys was launched. Topics include: How to help insurers understand where they have been, where they are now and where they are going From frustrated business user to successful start-up founder - why these companies succeed Connecting the financial plumbing - the benefits of buy versus build We’d love to know what you think about this episode - click here and add your thoughts to our LinkedIn post about it. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. To find out more about InsTech, our membership and offerings visit www.instech.co or contact us [email protected] Continuing Professional Development - Learning Objectives InsTech is accredited by The Chartered Insurance Institute (CII). By listening to any InsTech podcast, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Describe some of the ways of successfully building a business & the challenges that must be overcome Summarise the transition of modern-day insurers Explain the importance of technological infrastructure If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 254 page of the InsTech website or email [email protected] to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey

Transcript

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0:00.0	Good morning, good evening, Matthew Grant here, and this week we are recording in the UK,
0:12.0	but with some guests in from the US. Technology comes in many forms, some of it is very visible and accessible, like Open AI and Chat GPTT for example, but a lot of the important
0:22.7	technology is busy working away out of sight and usually out of mind. And as you'll know,
0:27.7	you've been listening to us regularly, many of the most successful companies are those
0:31.5	building out this critical infrastructure. Well, Richard Tyler, founder and CEO of FinCiss
0:36.9	has a story similar to many of our
0:38.9	guests. He worked in insurance, got frustrated by the lack of a technology solution that didn't
0:43.5	give him what he wanted as a business user, so he built a company. And as you will hear,
0:48.0	he learned quite a lot on the way and seems to be doing quite well.
0:55.0	Eric, Richard, great to have you.
0:57.0	You've come over, I don't say especially for today,
0:59.0	but I know you've got a few other things going on.
1:01.0	Eric, you've flown in this morning,
1:03.0	so our challenge is to not put you to sleep today,
1:06.0	because I know you're probably at some horrible time.
1:08.0	Yeah, I flew in this morning from New York.
1:10.0	We actually have a
1:11.0	client event tomorrow at Herlingham, which is why I came over, but also to join you here today.
1:17.7	I'm just going to give a bit of overview to Franciscan. We're going to learn a little bit more about
1:20.9	what you've been doing over the last few years. So you've built a platform of software tools to
1:25.1	optimize and automate the financial function of insurance businesses,
1:28.3	and you're improving their financial accounting, regulator reporting and analytical processes.
	...

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