Lack of Collaboration Within Banks Holds Back Machine Learning Initiatives
Artificial intelligence and machine learning capabilities are increasing in financial services, but a lack of collaboration between banks and within b...
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3 Fintech Data Analytics Startups to Watch
Financial institutions harnessing the power of big data must glean meaningful insights from many disparate data sets. Several startups helping banks a...
Why Does Alternative Credit Scoring Help Consumers?
EXCLUSIVE— As fintech progresses, consumers are flocking to digital services and products, which all rely on the same thing: data. When it comes to us...
AI Is Powerful in Banking Because Banks Have So Much Data, Zafin Says
EXCLUSIVE— Artificial intelligence can produce the necessary insights banks need to provide the best experiences to their customers, but these insigh...
Bankers Are Excited by Data Analytics (But Not Roboadvisors), Infosys Reports
Data analytics is the most common digital technology currently being used by banks, a new report by consultancy Infosys, released yesterday, stated. B...
Kabbage Expands SMB Credit Line to $250K; Money Will Go to Technology Investments
EXCLUSIVE—Online lender Kabbage has enlarged its small business line of credit, now offering clients lines up to $250,000, the company announced today...
Consumers Want to Interact with Their Banks Through Voice Assistants
Voice assistants like Alexa and Siri could be the future of banking, as more and more consumers indicate a willingness to interact with their bank thr...
Singapore Offers $20M Fintech Grant for AI, Data Projects
Singapore is offering a $19.9 million grant to banks in order to promote artificial intelligence and data analytics projects, as proposed by Ravi Meno...
Goldman Sachs Leads Funding Round in Data Science Startup Crux Informatics
Data science startup Crux Informatics announced a $10 million round of funding today, led by Goldman Sachs. Crux is a startup that allows financial in...
UX Design is Next Big Hurdle for Banks, Vested Ventures Says
EXCLUSIVE— With the help of APIs and other technologies, U.S. banks are mastering the use and sharing of data, but the next challenge is going to be e...