Opportunities and Challenges of Using FinTech in Takaful Financial Services

Fintech is currently part of the development takaful, results research and studies related to this problem are still very limited, on other hand all financial services industries starting shift fintech, including Islamic industry. So it necessary explore potential use fintech in sharia insurance industry, especially terms opportunities challenges future. In particular, big data analytics robo-advisory explored how takaful operators can combine them for better customer experience gathering competitive intelligence. To stay a rapidly changing business environment, need identify adopt fintechs that positively impact optimize cost efficiency.