Post Tagged with: "AI"

AI and the IoT will Change Fintech by 2021, But Blockchain’s Not Ready

AI and the IoT will Change Fintech by 2021, But Blockchain’s Not Ready

by September 22, 2016 at 10:06 am 0 comments

A new report says artificial intelligence and IoT are going to transform fintech before blockchain, which still has some growing up to do. The rise of AI and the Internet of Things (IoT) is happening rapidly—and according to a Forrester Research report released earlier this month, these are the two technologies thatRead More

Kasisto Facebook Outage Shows Danger of Banks Being Tech Companies

Kasisto Facebook Outage Shows Danger of Banks Being Tech Companies

by July 13, 2016 at 10:51 am 1 comment

It’s become common for bankers to say, “Our bank is a technology company.” But technology companies “move fast and break things,” and that doesn’t square well with providing customers reliable access to their money. Case in point: MyKai, the remarkably clever chatbot from Kasisto, suffered an outage yesterday on oneRead More

New Bank Bot Jude Can Control Multiple Accounts [VIDEO]

New Bank Bot Jude Can Control Multiple Accounts [VIDEO]

by July 1, 2016 at 10:28 am 2 comments

That’s right — it’s another bot. This one’s from New Zealand software designer Ben Lynch and is called Jude. Bots are huge everywhere — Facebook Messenger now hosts more than 11,000 — but lately, meaning, this week, they have made a strong push into financial services. Jude launched in MayRead More

Kasisto Introduces KAI, a Smart Bot for Banking

Kasisto Introduces KAI, a Smart Bot for Banking

by June 28, 2016 at 1:34 pm 6 comments

Are bots taking over banking? Yesterday, a Danish bank introduced a bot for simple queries (and soon, transactions) and earlier this month, San Francisco-based startup Dyme, a member of the Spring 2016 Bank Innovation INV class, released a prototype of a Facebook messenger bot whose functionality mirrors that of Dyme’s SMS-basedRead More

Dyme Releases Prototype of First Facebook Financial Chatbot

Dyme Releases Prototype of First Facebook Financial Chatbot

by June 8, 2016 at 11:46 am 3 comments

In what is believed to be a first, Dyme has developed a prototype of a Facebook Messenger bot for financial services.  Dyme, the text banking startup, gave Bank Innovation a sneak peek at the savings chatbot, which mirrors Dyme’s text application. Dyme is one of six startups in the springRead More

5 Red-Hot Fintech Startups Pursue Investing and Financial Health

5 Red-Hot Fintech Startups Pursue Investing and Financial Health

by May 5, 2016 at 12:24 pm 1 comment

Mobile-first investments and financial health were on top of the agenda during yesterday’s fintech demo day in New York. Five startups demoed their latest wares during a meetup organized by Empire Startups. Here’s what you missed (in addition to the beer, snacks, and the chance to hang out with fintech’sRead More

Top 5 Fintech Fundings: Credit Scoring in China and AI for the Stock Market

Top 5 Fintech Fundings: Credit Scoring in China and AI for the Stock Market

by April 11, 2016 at 12:57 pm 1 comment

Last week this space saw much of the largest fintech funding rounds taking place outside the U.S. That trend continues this week, with some San Francisco-grown AI thrown into the mix. This week we witnessed a major push forward in the process of collaboration between financial institutions (FIs) and startups. ThisRead More

Wanted: A Slackbot for Banking

Wanted: A Slackbot for Banking

by April 8, 2016 at 2:39 pm 6 comments

Slack is great for messaging, sharing documents, and annoying coworkers with unnecessary emojis — but how about taking care of the odd financial transaction? Nearly 2.5 million people (and, as of this week, including the Bank Innovation team) spend a significant portion of their day on the team collaboration toolRead More

Yodlee Deal with Vanguard Exemplifies Move Toward Investment Sector

by March 29, 2016 at 11:54 am 3 comments

It seems the wind appears to be blowing toward the investment management sector at Envestment-owned firm Yodlee. Yodlee, a leading data aggregation and data analytics platform, took a step toward the investment sector today with the announcement of a strategic partnership with Vanguard, one of the largest investment management companies in the world. TheRead More

Number26 Plants the Seeds of Genuine AI

Number26 Plants the Seeds of Genuine AI

by March 28, 2016 at 9:45 am 2 comments

This is an exciting time to be alive in the fintech space — and also an interesting time to be a chatbot, as the experiences of Microsoft’s Tay proved last week. As FIs and startups alike leverage the best in entrepreneurial and technological insight to adapt to customers’ lives, theRead More