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AI / Machine Learning / Big Data
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666

Wells Fargo, Finicity Team To Provide An API-Based Way Of Sharing Customer Information

Wells Fargo & Company announced Wednesday (April 5) that it and Finicity, a provider of real-time financial data aggregation and insights, have signed an agreement that provides an application programming interface (API)–based method for sharing Wells Fargo customer information with the financial apps and services that Finicity supports. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news, Global trends, Hotnews

April 6, 2017

730

OCBC Bank Launches First A.I. Powered Home Renovation Loan Specialist Chat Bot

By FIntechnews.sg

With more than 20,000 enquiries logged since its launch in January, OCBC Bank announced today the success of the first-of- its-kind specialised home and renovation loan chatbot service in Singapore. More than 10% of the chat sessions have been converted into mortgage loan sales prospects. (more…)

AI / Machine Learning / Big Data, Banks, Hotnews, InspirAsia

April 5, 2017

844

This fintech startup uses machine learning to give international students credit cards

By Matthew Hughes for The Next Web

America has some of the best universities in the world. Internationally respected institutions like MIT, Harvard and Stanford attract countless young people from every corner of the globe. (more…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Hotnews, Payment processors/providers/gateways

April 4, 2017

1250

3339

Pluto AI Raises $2.1M in Funding

Pluto AI, a Palo Alto, CA-based smart water management analytics platform, raised $2.1m in funding. (more…)

AI / Machine Learning / Big Data

March 24, 2017

1163

Deutsche Bourse fintech venture fund targets blockchain and AI

By Finextra

Deutsche Bourse’s new dedicated fintech venture fund, DB1, is hoping to make up to five investments this year, focusing on startups that use technologies such as blockchain and machine learning to rebuild the rails on which financial markets are built.  (more…)

AI / Machine Learning / Big Data, Fintech news

March 3, 2017

898

Domino’s Gets Its Own Virtual Assistant

Amazon and Google aren’t the only ones who own the AI virtual assistant space. Domino’s Pizza Enterprises has just made a move to up their digital ordering game, starting in Australia and New Zealand. (more…)

AI / Machine Learning / Big Data, news, Pre-order services

March 3, 2017

836

1138

New Artificial Intelligence Service Plum Enables Consumers to Automatically Save, Invest & Earn More Interest on Money

By LTP Team

  • Plum brings artificial intelligence (AI) to savings and investments enabling people to automatically put money aside every couple of days.
  • Plum exists to solve UK’s £350bn savings black hole.*
  • Its new partnership with RateSetter allows consumers prepared take on risk to earn a higher rate of interest – the average return earned by RateSetter investors to date is 4.7%.

(more…)

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

February 23, 2017

605

Barcelona’s ID Finance raises $50 million in debt funding to expand fintech to developing countries

By VentureBeat

ID Finance, a fintech startup the relocated from Russia to Barcelona, has raised $50 million in debt from a consortium of banks as it seeks to expand across Latin America. (more…)

AI / Machine Learning / Big Data, Banks, Deals

February 20, 2017

1053

Robo-advisor ‘Chloe’ launches in Japan

By Finextra

Hong Kong-based social trading startup 8 Securities has launched a mobile-only robo-adisory service targeting the millennial generation that constructs portfolios with exchange traded funds (ETFs) listed on the Tokyo Stock Exchange (TSE). (more…)

AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Japan, Wealth management

February 18, 2017

1168

Artificial Intelligence Is Becoming A Major Disruptive Force In Banks’ Finance Departments

By Steve Culp for Forbes

A combination of elements including massive distributed computing power, the decreasing cost of data storage, and the rise of open source frameworks is helping to accelerate the application of artificial intelligence (AI).  Our own research indicates that, by 2035, AI could double economic growth rates in 20 countries, and boost labor productivity by up to 40 percent. (more…)

About, AI / Machine Learning / Big Data, Banks, Fintech news, Global trends

February 16, 2017

701

Wells Fargo Pushes Into Artificial Intelligence

By Fortune

Wells Fargo has created a team to develop artificial intelligence-based technology and appointed a lead for its newly combined payments businesses, as part of an ongoing push to strengthen its digital offerings. (more…)

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

February 11, 2017

1624

31 FinTech Companies Transforming Institutional Investments and Trading

By Elena Mesropyan for LTP

Institutional investors control a significant amount of financial assets around the world despite attempts from automated investments apps to open up the market to casual, consumer-investors. The rapid adoption of innovative technology by the startup ecosystem allowed an extensive expansion for online investment platforms, automated investment tools, robo-advisors, and various wealth management solutions. As a result, institutional investors have been empowered with tools to enhance portfolio performance, drive deeper insights from the market and portfolio data, and nowadays, are reliant on computer power for accurate forecasting and market monitoring.  (more…)

About, AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Wealth management

February 9, 2017

878

Sberbank launches machine learning-based assistant

By Finextra

Russia’s Sberbank has introduced an online personal assistant that uses machine learning to provide customers with useful advice and recommendations tailored to their individual financial circumstances and lifestyles. (more…)

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

February 9, 2017

1328

FinovateEurope 2017 Best of Show Winners Announced

By David Penn for Finovate

After two days of live demonstrations of some of the most novel innovations in fintech, our FinovateEurope audience has made its voice heard as to which technologies represent the Best of Show. (more…)

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

February 9, 2017

1106

BNP Paribas takes stake in AI-based compliance startup

By Finextra

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data. (more…)

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

January 31, 2017

1171

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

927

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

2715

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

853

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

1172

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

625

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

926

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

804

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

818

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

829

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