India’s lending start-up SMEcorner bags $30m Series B
The round was led by a $10.5 million investment from Germany’s Paragon Partners.
Machine Learning
Dissecting banking technology trends in 2020
This year will be one of continued disruption and evolution in banking technology.
Inaccuracies of facial recognition: security, prejudice, pollution and fashion
The issue of accuracy is one which is often cited but rarely explained.
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
FinovateEurope: Nasdaq’s behavioral sciences head says AI can be “nonsense”
“People talk about AI as if it can solve anything, but it isn’t the only answer.”
Hot-seat with Sanat Rao, CBO and global head at Infosys Finacle
He talks about workforce and culture transformation, RPAs, open banking and more.
From data to decisions: The rise of AI in retail banking
But first, banks need to de-silo their data and create a single data universe.
European Central Bank to launch AI hackathon
ECB wants to explore how AI could help supervisory data collection.
The personal touch
Anna Loevskaya talks about corporate digital banking & the role of content in selling SaaS.
Scotiabank donates CAD 750k to University of Ottawa AI research
Canadian bank launches research fund to develop AI and ML.
How AI can address the global sanctions challenge
Banks shouldn’t delay exploring an AI-powered approach to their existing screening processes.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Cybertonica raises £2 million Series A
The funding will be used to extend its product in behavioural analytics ScreenWiZe 2.0.
Desjardins signs multi-year contract with AI fintech Exagens
The 25-person fintech will continue to power the bank’s ‘Assistant AccèsD’.
Rise of the machines: AI and machine learning in financial services
FinTech Futures launches its first industry report for 2020. Download it today!
Canada’s RBC files patents for AI inventions as bigtechs soar
Ten AI patent applications were submitted by RBC across 2019.
EBA underlines need for trust as industry adopts big data and analytics
European regulator observes that two-thirds of EU firms now producing big data services.
Cautious optimism and a customer-first approach for financial services in the 2020s
Alessandro Tonchia gives his fintech predictions as we enter a new decade.
The desktop of 2020 and beyond
Clearly, these desktop application integration platforms need to evolve too.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
China’s fintech scene started late but trumps US, says Baidu’s fintech arm
Du Xiaoman Financial talks fintech and AI in China.
7 fintech and financial services trends for 2020
“This decade has seen rapid growth in the fintech industry, and the next is sure to be no different.”
BNY Mellon connects custody capabilities with SimCorp to improve data transparency
BNY Mellon and SimCorp expect mutual global clients out of the partnership
Nets pilots facial recognition for payments with Danish office workers
Office workers will pay for their lunch using their face.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
Appian Europe 2019: KPMG says banks’ digital literacy is “very low”
KPMG says 80% of bank employees don’t know what unstructured data is.
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Russia’s Sberbank inks contract with driverless car tech firm
The Russian bank will challenge Yandex which currently has the monopoly.
European Investment Fund dedicates €100m to AI and blockchain
The EIF wants to address the blockchain and AI ‘financing gap’ in Europe.
Smartstream partners with Union Systems to tap Africa’s finserv space
Union Systems has a presence in 19 African countries.
Co-operative Bank launches personalised loan marketplace with Freedom Finance
Successful applicants “could receive funds the same day”.
Machine learning vs human experience in invoice finance
Be wary of a lender with no human face as there’s always the odd unforeseen complication.
Irish start-up Siren gets $10m Series A
It’s paired with Siren’s new board member, Bob Griffin.
India’s NSE announces API sandbox for fintechs around the world
The sandbox was launched at Singapore FinTech Festival 2019.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
HSBC and RBS race to launch new digital banking platforms
HSBC Kinetic is in beta testing, RBS’ neobank Bó is to launch this month.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
