“Fintern, a UK-based fintech startup, is aiming to shake up the market for low-value consumers loans with the launch of credit technology that bypasses credit scores in making lending decisions, focusing instead on affordability. Founded by a team from McKinsey, EY, Bank of America Merrill Lynch, HSBC and XiaoMi, Fintern skips traditional credit scoring techniques…
Tag: AI
AI is industrializing
“A majority of North American AI Ph.D.s — 65% — now go into industry, up from 44% in 2010, a sign of the growing role that large companies are playing both in AI research and implementation. Even with the pandemic, private AI investment grew by 9.3% in 2020, a bigger increase than in 2019. The…
Flourish, a startup that aims to help banks engage and retain customers, raises $1.5M
– “A rewards engine designed to incentivize users to save or invest money.– An intelligent and automated micro-savings feature where users can create personalized rules (such as transferring $15 into a rainy day fund every time their favorite sports team wins).– A financial knowledge module, where personal financial transactions and spending patterns are turned into…
Twitter tests new e-commerce features for tweets
“‘This demand gives us confidence in the power of combining real-time conversation with an engaged and intentional audience. Imagine easily discovering, and quickly purchasing, a new skincare product or trendy sneaker from a brand you follow with only a few clicks,’ Falck added.” https://www.google.com/amp/s/techcrunch.com/2021/03/03/twitter-tests-new-e-commerce-features-for-tweets/amp/
AI in Banking: Can Banks Meet the Challenge?
“AI has made inroads in the financial sector and is completely reshaping banks’ approach. AI is altering and remoulding the way traditional banks work. The Covid-19 pandemic accelerated AI adoption within the banking sector. AI is now a natural fit for banks, and it can drive down costs and improve customer experience.” https://www.google.com/amp/s/thetechpanda.com/ai-in-banking-can-banks-meet-the-challenge/32557/amp/