FinTech North is announcing a new partnership with NayaOne, which will see the two organisations build a dedicated marketplace for Northern FinTechs to showcase their capabilities, access datasets and test ideas.
Financial institutions are frustrated with their technology providers’ speed to market and pace of new innovations. Is it warranted? Not necessarily, according to executives from FIS, Fiserv, and Jack Henry.
MoneyLion reported Q4 2023 earnings that exceeded expectations and showed significant improvement across the business.
Anchorage is launching a new cryptocustody service as an alternative to financial firms like Goldman Sachs and Fidelity; the startup...
Amazon India is integrating its first small business lender via API into the Amazon Lending marketplace; India’s Flexiloans will allow...
CNBC profiles three companies emerging in the banking industry with solutions built from machine learning technology; Digit has created a solution that integrates with a user's bank account to automate savings based on account balances and spending patterns; Zest Finance is offering credit scoring technology based on AI algorithms using alternative credit data; Adyen is also using machine learning for fraud prevention; overall machine learning solutions are evolving rapidly and speculators believe they will revolutionize the workforce; Goldman Sachs says machine learning and AI will enable $34 billion to $43 billion in annual cost savings and new revenue opportunities for the financial sector by 2025; it's also expected that AI and machine learning will begin to replace jobs that can be easily automated while also creating greater opportunities for software developers and data scientists. Source
A new survey by Bank of America found that 63 percent of millennials are saving money, that is on par with generation X and baby boomers; the survey shows that millennials are a lot more in tune with their financial lives then they are given credit for; the survey also found that millennials are more apt to ask for a raise and they also play into stereotypes by saying they spend too much and don’t save enough when asked by researchers. Source.
The bank announced today plans to open 90 branches by the end of 2019 as competition from other top banks...
PitchIt winner Nova Credit presents their company's solution to build what they call the Nova Credit Passport; a cross border credit reporting agency that connects to leading credit bureaus through a single API; PitchIt 2017 was a competition for fintech startups, in exclusive partnership with global venture capital fund 500 Startups, the world leader in investing in and mentoring early-stage fintech startups. Source
MasterCard has announced three blockchain APIs to accelerate independent developers' use of MasterCard's technology; the API sets facilitate implementing blockchain nodes/servers, defining 'smart contracts' using MasterCard's technical language and executing transactions on its 'Fast Pay' network; MasterCard is targeting applications in P2P payments, trade finance and supply chain. Source