My top four proactive, disruptive banking process innovations
Four areas where you can make the biggest impact both quickly and in the long run.
Artificial Intelligence/AI
Plum hits $4.5m new funding with 433% user growth in a year
The firm has reached 400,000 users.
RPA firm UiPath closes $568m funding round
Company’s post-money valuation has grown from $110 million to $7 billion.
Insurtech and the future of financial modelling
The trio of financial, actuarial and management reporting: technology revolution or evolution?
Finitive gets $6m funding for alternative lending investments
Investors can now access non-bank lending sectors.
Seacoast chooses Talend’s data quality and compliance solution
Talend Data Fabric has streamlined review processes.
Citi launches NextGen AI compliance project
In partnership with EY and SAS.
RBC adds budgeting tool to mobile app
It tracks and budgets expenses in five areas.
AI and ML empower advisors by predicting their clients’ economic behaviour
The advisor’s role goes beyond managing money; it has shifted to managing lives.
Fractal Labs wins Deloitte’s first fintech portfolio investment
The company is based in Deloitte’s London fintech lab.
Mosaic Smart Data enhances analytics game with $9m funding
Its machine learning (ML) models identify and alert the user to opportunities and threats.
Regions Bank taps IBM for AI-driven customer service
IBM’s Watson can help both employees and customers.
Expensify integrates with Southeast Asia ride-sharing firm Grab
This includes Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia.
TD Bank moves to Microsoft Azure cloud
The bank has also implemented Office 365 for employees.
SoFi goes insurtech with Lemonade and Root
Until this month, SoFi’s insurance offering was limited to life insurance.
TrueLayer joins with ANNA to offer open banking to SMEs
ANNA hopes to launch further new features in the future.
Kazakh Eurasian Bank upgrades cash tech with Fiserv
Access to cash is a key component in Kazakhstan.
SoftBank invests €900m in Wirecard for APAC push
Wirecard is struggling amidst fraud investigations.
White paper: Empowering Investment Bankers with Data Science
How to build the modern CRM system with built-in AI and machine learning.
Figure Eight acquired by Appen
Terms of the deal were not disclosed.
Commercial insurance AI firm Cytora raises £25m
It was led by EQT Ventures.
NBT Bank picks Fiserv to deliver tailored digital banking services
Software development kit enables employees to respond to customer feedback.
Mastercard joins investment round for Singapore AI start-up AIDA
The company plans expansion into Japan and the Philippines.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Robotics, bionics and AI: will there be any human underwriting left?!
As technology gets more intrinsically tied into the underwriting process, where does that leave human underwriters?
Teradata Universe Madrid 2019: Teradata agrees that less is more
“Don’t invest in analytics!”, and in my mind, the crowd cheered.
Neos pairs with US insurer to offer customers smart home tech
American Family Insurance thinks smart home technology will reduce claims.
Upstart raises $50m investment and lands new bank contracts
AI lending platform wants to expand its applications.
Video: fintech news weekly round-up – 8 April 2019
Africa Fintech association, City watchdog’s orders, and a new blockchain alliance!
Simudyne closes $6m funding with Barclays’ aid
This brings the total capital raised to $10m.
Emirates NBD launches WhatsApp banking
The bank will expand the range of functions customers can use.
Envel bank launches “driverless” money management tech
Personal finance, taken to the next level.
Deutsche Bank and Serrala launch API interface for SEPA payments
A step towards facilitating real-time treasury.
Onfido raises $50m for fraud battle boost
It brings the firm’s capital to more than $100 million.
PayTech Awards entry deadline extended!
Enter the PayTech Awards by Friday, 12 April.
AIB picks Boxever to personalise customer experience
Three-year contract is part of AIB’s digital transformation project
Tinkoff builds most powerful supercomputer in financial sector
Offers much faster solution to machine learning and AI-related tasks.
Nationwide and Jaywing explore “explainable” AI driven application scoring
The building society was impressed by Jaywing’s transparent model.
Address the FinovateSpring audience by taking part in FinTech Futures supplement
Deliver a strong message to the fintech community!
NatWest trials new personal finance app Mimo
NatWest trials new personal finance app Mimo
