Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million in debt and equity, respectively. Both fintech start-ups are in early stages.
Moss is a payment and credit card platform that enables companies to optimise their finances.
Registrations are soaring at the aggregator sites which connect borrowers and financing providers; Funding Options is one company that is...
According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already...
Artificial Intelligence (AI) is becoming ever more integrated into the financial services sector, but how much further can it continue? Data, computing and social acceptance are some of the many reasons why its growth is being restricted.
Artificial intelligence firm Cleo has raised 550,000 British pounds ($626,300) from angel investors; investors included Niklas Zennström, Jason Goodman, Alex Chesterman, Siraj Khaliq, Errol Damelin, Simon Franks, Wendy White and Joe White; Cleo is an AI-powered service working in connection with AI robots like Amazon Alexa to offer consumers personal finance advice; firm plans to use the new capital to further develop its technology and increase its user base of clients which are primarily in the UK. Source
A new report from Numis entitled The State of AI in 2017 explains the potential AI and machine learning for wealth managers; as AltFi reports, “AI enables asset managers to deliver to the mass affluent a degree of personalisation and service quality previously reserved for high net worth clients.”; the technology can also help to improve quality, decrease cost and help to make most of the asset management industry into robo advisors. Source.
AIB and IBM (NYSE: IBM) today announced a €65m three-year agreement designed to help deliver the bank's 2023 strategy by accelerating its ongoing digital transformation
Australian Airwallex has picked up a $5.5bn valuation after securing US$100m in a Series E1 funding round as fintechs are diversifying their services.
Alibaba’s Alipay was granted an eMoney license in Luxembourg to allow the company to serve customers across Europe; the eMoney...