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AI / Machine Learning / Big Data
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629

How this chatbot powered by machine learning can help with your taxes

By  for VentureBeat

Tax season is around the corner, and for most Americans, it involves dealing with the complex tax code, an accountant, and maybe friends who claim to be tax experts. According to IRS statistics, there were 507 million visitors to the irs.gov website in 2016, a 3 percent increase when compared to 2015. Furthermore, Americans spend 6.1 billion hours and $233.8 billion complying with the tax code. With complexity comes confusion and frustration, leading many taxpayers to turn to tax preparers or tax preparation software. Those who don’t are at a disadvantage because most Americans are unaware of which deductions to consider, dependents to claims, student loan amounts to deduct, or where to file. (more…)

AI / Machine Learning / Big Data, Bots, Fintech news, Government activities

January 28, 2017

435

LendingRobot launches automated hedge fund secured by blockchain tech

By  for VentureBeat

Bots are taking over — we all know that — and one of the latest sectors to succumb to the trend is fintech. LendingRobot, a robo-advisor for peer-to-peer (P2P) lending, announced today the launch of LendingRobot Series, an automated hedge fund designed as an alternative to fixed income investments. (more…)

AI / Machine Learning / Big Data, Blockchain, Fintech news, p2p/online lending, Wealth management

January 26, 2017

1304

Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

Alpaca Closes $1.75M in Funding

By FinSMEs

alpacascan_mobileAlpaca, a San Mateo, CA-based fintech startup building AI and database technology for financial trading, closed $1.75m in venture funding. (more…)

AI / Machine Learning / Big Data, Deals, Financial Markets / Trading, Fintech news

January 25, 2017

347

Advanced Logic Analytics to bring big data analytics to financial services market

By Finextra

Advanced Logic Analytics (ALA), a provider of enterprise big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, is pleased to announce its launch into the global financial services marketplace to address the market`s growing requirement for big data analytics. (more…)

AI / Machine Learning / Big Data, Fintech news

January 24, 2017

569

Building A Digital Bank — From Scratch

“The real ‘move the needle’ opportunity in banking is to build a bank from scratch.”

That’s according to financial services vet and Varo Money CEO and Cofounder Colin Walsh, who told Karen Webster recently that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. (more…)

AI / Machine Learning / Big Data, Fintech news, Mobile-first banks

January 24, 2017

320

Habito secures £5.5 million investment to shake up the mortgage industry

By Finextra

UK digital mortgage broker habito has raised £5.5m in Series A funding led by Silicon Valley-based Ribbit Capital, with participation from existing investor Mosaic Ventures. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news

January 23, 2017

Neosurance Wins “Phase 1” of Horizon 2020’s SME Instrument, the Prestigious European Prize That Supports Research and Innovation

By LTP

Neosurance Wins "Phase 1" of Horizon 2020's SME Instrument, the Prestigious European Prize That Supports Research and InnovationNeosurance, the innovative startup that proposes technological solutions for insurance companies, has been selected by the European Commission as the winner of HORIZON 2020 “Phase 1” – a prestigious European award for research and innovation – thus benefiting from a 50.000 euro grant. (more…)

AI / Machine Learning / Big Data, Fintech news, Insurance

January 21, 2017

379

In the future, AI could also mean auto insurance

By  for TechCrunch

Solaria Labs, Liberty Mutual Insurance’s tech incubator, has created an API developer portal to bring together public data and “proprietary insurance information” to help users find potentially safer routes — and help them assess damage when that doesn’t work out. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Fintech news, Insurance

January 20, 2017

353

Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

By David Penn for Finovate

There are few challenges greater for FI than turning massive amounts of customer data into valuable insights on how to serve those customers better. “Everybody today seems to be focused on customer experience, and giving your customers whatever they want. But what is it that you are you getting from your customers?” Liferay Sr. Customer Experience Manager Henry Nakamura asked from the Finovate stage in September. “I bet you’re pretty overwhelmed by the amount of data that you have, and possibly pretty underwhelmed by the results. Where’s the payoff?” (more…)

AI / Machine Learning / Big Data, Banks, Fintech news

January 20, 2017

Destacame Closes Seed Financing Round

By FinSMEs

destacameDestacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.

The round was led by Accion Venture Lab, with participation from Mountain Nazca and Chilean angel investors. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, p2p/online lending

January 18, 2017

428

FTC’s Fintech Forum to Focus on Blockchain Technology

By CryptoCoinsNews

The implications of blockchain technology in the consumer sector will be the focus of the Federal Trade Commission’s (FTC) 2017 FinTech Forum in March. (more…)

About, AI / Machine Learning / Big Data, Blockchain, Fintech news

January 17, 2017

382

Online Payment Security Startup Fraugster Raises $5M

By FinSMEs

Fraugster, a provider of an Artificial Intelligence (AI) technology solution to eliminate payment fraud, raised $5m in funding.  (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, Security

January 17, 2017

557

Hottest FinTech Trends for 2017

By YapStone for LTP

When the media talks about FinTech, more often than not, the leading headline is a bold statement, like “the FinTech revolution,” or “the big bank disruption,” and it’s easy to see why. Dubbed by the Economist as a “magical combination of geeks in T-shirts and venture capital,” the growth and influence of FinTech have been rapid. (more…)

AI / Machine Learning / Big Data, eWallets, Fintech news, Global trends, Mobile payments/banking, Security

January 14, 2017

366

PFM Clarity Money claims 40,000 downloads within first week of launch

By Finextra

One week after the launch of Clarity Money, a revolutionary personal finance app, it is now a “featured” personal finance app on the Apple App Store with over 40,000 downloads thus far.  (more…)

AI / Machine Learning / Big Data, Fintech news, PFM/PFP services

January 13, 2017

505

A Fintech Filter for Artificial Intelligence in 2017

By Julie (@julieschicktanz) Muhn for Finovate Blog

In what The New York Times is calling The Great AI Awakening and Forbes has dubbed The Year of AI, 2017 is shaping up to be obsessively focused on artificial intelligence, a field that has been around for awhile (remember playing checkers against a computer?) but has finally matured to the point of usefulness. (more…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Global trends

January 12, 2017

477

Why chatbots will disappoint and messaging will thrive in 2017

By  for VentureBeat

The year 2016 was pretty messy by all accounts — just look at what John Oliver has to say about it. Between Harambe, Brexit, Bowie, the American election, a Syrian refugee crisis, shootings, and, of course, the New York Jets missing the playoffs, it’s safe to say that many of us are looking forward to 2017. (more…)

AI / Machine Learning / Big Data, Analytics, Bots, Global trends

December 27, 2016

439

Do or die: Robo-advice & Psychometry What drives wealth management winners in 2020?

By Diederick Van Thiel for Finextra

The wealth management challenge

The high net worth individual population globally grew to 15.36 million people in 2015. The global assets under management also grew to $ 58.7 trillion. Private banks globally however  experience a disruptive change in their markets. (more…)

AI / Machine Learning / Big Data, Bots, Fintech news, Global trends, PFM/PFP services

December 27, 2016

346

The World’s Biggest Hedge Fund is Embedding Its Founder’s Brain in an Algorithm

By David Z. Morris for Fortune

The Wall Street Journal reports that Bridgewater Associates, a hedge fund with $160 billion under management, is developing a system to automate the management philosophy of its founder, Ray Dalio. (more…)

AI / Machine Learning / Big Data, news

December 25, 2016

450

Asia’s Own Lemonade: Neosurance & KLCC Runners Group Partner To Offer The First “Push” Micro Insurance To Malaysian Runners

By

Neosurance  and KLCC Runners Group have signed a Memorandum of Understanding for the distribution of microinsurance to KLCC Runners Group growing community members. The microinsurance product will be provided ad hoc by a leading reinsurer and insurer who will be disclosed later, together with the price and features of the microinsurance. (more…)

AI / Machine Learning / Big Data, Fintech news, InspirAsia, Insurance, Malaysia

December 23, 2016

1857

The rise of insurtech in the age of algorithms

By  for Dataconomy

In the internet era, giants of the digital age like Google, Apple, Facebook, and Amazon (GAFA) in Western markets and Chinese powerhouses like Baidu, Alibaba, Tencent, and Xiaomi (BATX) in Eastern markets have been increasingly straying away from their bread-and-butter products and testing the waters in large, established industries like banking. (more…)

AI / Machine Learning / Big Data, Fintech news, Global trends, Insurance

December 22, 2016

589

Will IBM Watson Endanger RegTech Startups in 2017?

By Elena Mesropyan for LTP

IBM Watson is probably one of the wonders of modern technological advancements and a crown jewel of the IBM Corp. The company made its bet on advancing Watson to swoop into a range of industries and in the nearest future, IBM could become the primary player across verticals that startups should worry about. (more…)

AI / Machine Learning / Big Data, Fintech news, RegTech

December 22, 2016

730

The 7 Hottest Fintech Startups and Solutions in Vietnam

By

Vietnam is a very Internet-connected country, and with the increasing penetration of smartphones there is a wealth of opportunity for online businesses, digital agencies and application developers. (more…)

About, AI / Machine Learning / Big Data, Cryptocurrencies, eWallets, Marketing Report, Mobile payments/banking, Mobile-first banks, PFM/PFP services, Remittances, Vietnam

December 22, 2016

310

Lloyds partners startups peddling bill payments tech and AI virtual assistants

By Finextra

Lloyds Banking Group is to test-drive technology presented by two of the ten companies participating in this year’s Startupbootcamp demo day in London. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Banks, Bots, Deals, PFM/PFP services, SME

December 20, 2016

1003

6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

733

Starbucks: The Unlikely Winner in Mobile Payments

By Elena Mesropyan for LTP

Payments companies have traditionally been among the most financially attractive out of the whole FinTech array in addition to being the most represented globally. However, a conventional type of a payments service provider (PSP) is not all there is to payments. (more…)

About, AI / Machine Learning / Big Data, Fintech news, Mobile payments/banking, Pre-order services

December 15, 2016

722

10 FinTech Predictions for Asia in 2017

By Henri Arslanian for LTP

In 2016, FinTech went mainstream. So what can we expect for 2017?

Here are some predictions for FinTech in Asia for 2017: (more…)

AI / Machine Learning / Big Data, Bots, China, Deals, Fintech news, Global trends, India, InspirAsia, RegTech

December 13, 2016

460

He’s building robo investors to fill a trillion-dollar hole in Japanese society

By  for TechInAsia

“Individual investors in Japan, especially those above 60 years of age, prefer to keep their savings in the bank,” exclaims Kazuhisa Shibayama, founder of WealthNavi. “There’s over 17 trillion dollars of personal wealth lying idle, sleeping.” (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, Japan, PFM/PFP services

December 9, 2016

669

Ring out the old, ring in the new

By Finextra

Sophie Guibaud, VP of European expansion at Fidor Bank looks back at the key banking tech trends of 2016 and what we can expect to rise to the top in the year ahead. (more…)

About, AI / Machine Learning / Big Data, Banks, Bots, Fintech news, Security, SME

December 9, 2016

437

Alternative Data in Financial Services is a Double-Edged Sword

By Elena Mesropyan for LTP

Traditional methods of creditworthiness assessment can’t do much for the groups of the population that don’t fit the scheme. As a result, inclusive initiatives by financial institutions will always hit a wall of unstretchable rules and criteria. Meanwhile, a fairly large part of the global community struggles to access financial services – there are ~2 billionfinancially excluded people and ~1.5 billion of those who cannot prove their identity. (more…)

AI / Machine Learning / Big Data, Analytics, Banks, p2p/online lending, Security

December 7, 2016