“We’ll experience more technological progress in the coming decade than we did in the preceding 100 years put together, says McKinsey. Applied Artificial Intelligence (AI) We are still only in the early days of the development of AI. As the technology becomes more sophisticated, it will be applied to further develop tech-based tools, such as…
Month: October 2021
PNC co-leads tech firm’s $50M financing round
“PNC Financial Services Group Inc. is an investor in an Orlando, Florida-based artificial intelligence software firm’s recently completed $50 million capital raise. Kore.ai’s products SmartAssist and BankAssist bring AI virtual assistants to call centers and retail banking.” https://www.bizjournals.com/pittsburgh/inno/stories/fundings/2021/10/11/pnc-co-leads-tech-firms-50m-financing-round.html
Mbanq Signs with Temenos to Launch World’s First Credit Union-as-a-Service and Accelerate Banking-as-a-Service in US Market
– “Temenos partners with Silicon Valley-based Mbanq to power innovative Credit Union-as-a-Service (CUaaS) offering for US Credit Unions, a market estimated at $3.6bn annually – Mbanq’s CUaaS, powered by The Temenos Banking Cloud, enables Credit Unions to gain faster time to market with cutting-edge digital financial services for members at a reduced total cost of…
Shield: AI Bringing Open Banking to the Masses
“In three short years, Open Banking is set to ‘completely or significantly change how traditional financial services are delivered,’ even though, according to that same study, an astounding 98% of financial institutions are unprepared for Open Banking regulations. Open Banking is much needed by consumers who split meals with Venmo, invest savings via Robinhood, and…
Core banking on the cloud, the catalyst for innovation, agility and efficiency
“As new technologies open up data streams to and from third parties and emerging startups, banks will be able to offer their customers a range of new products, services and insights that will not only optimise customer experiences, both online and offline, but will create highly personalised, customised relationships. In financial services, Banking-as-a-Service (BaaS) platforms…