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Fintech

·Mar. 31, 2017

AI Acquisitions Since 2012

CB Insights reports on artificial intelligence (AI) startups that have been acquired since 2012; top acquirers include Google, Apple, Facebook and Intel; 200 AI companies have been acquired since 2012 and the first quarter of 2017 reported 34 AI acquisitions including the largest deal from Ford which acquired Argo AI for $1 billion. Source

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Fintech News Roundup USA

·Sep. 1, 2017

AI and Automation for Lending

Source reports on the operational costs associated with loans and how automation and artificial intelligence (AI) can help reduce those costs; automation can now replace manual processes such as credit checks, data consolidation, onboarding, loan documentation, know your customer and more; robotics and AI are also assisting in risk analysis for SMEs; additionally, machine learning solutions have also been evolving to evaluate thousands of data points from various sources; as these solutions evolve, banks too will need to integrate greater automation to stay competitive. Source

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Fintech News Roundup Online Lending

·Mar. 6, 2017

AI Assist and Conversica Launch Service for Lending and Mortgage Companies

AI Assist in partnership with Conversica has launched the Conversica AI Sales Assistant for financial services; targeted users include alternative finance companies, merchant cash advance lenders and brokers, mortgage lenders and brokers, merchant processors, equipment leasers, debt consolidators and student loan providers; Conversica reports that the AI solution can significantly improve customer engagement specifically through follow up on incomplete funding applications. Source

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Europe Fintech USA

·Jul. 2, 2020

AI Becoming Core Component of Financial Services

According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already...

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Fintech News Roundup USA

·May. 8, 2018

AI Beginning to Change Banking Job Landscape

With more banks implementing AI solutions the question being asked is will jobs begin to be replaced; recent reports show...

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Fintech News Roundup USA

·Oct. 11, 2017

AI Bot Puts Sell Rating on Google and Facebook

Ken Sena runs a group within Wells Fargo Securities and recently introduced an artificially intelligent equity research analyst; the bot tracks stocks and put a sell rating on Facebook and Google, two of the top companies working on artificial intelligence; Sena provides his perspective on the new bot and where it might be falling short. Source

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Fintech

·Feb. 22, 2022

AI can “amplify risks” for fintechs, warns new report

The Bank of England report details the findings of a forum spearheaded by the Bank of England and the FCA scrutinising the merits, challenges and governance of AI within financial services.

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Fintech News Roundup USA

·Mar. 20, 2019