“Fintech M&A hasn’t been as robust as one might expect in recent months. So when Goldman Sachs announced this week it was buying NextCapital – a fintech company that provides automated advice to corporate retirement plan participants – my ears perked up. In the case of NextCapital, which uses algorithms and automation to allow users…
Tag: Brandon McGee
Apple Acquires U.K. Financial Health Startup Credit Kudos
“Credit Kudos lets businesses assess loan applicants by analyzing banking data, such as user transactions, and offers a service for potential borrowers to assess their credit worthiness. Apple has been escalating its push in payments in recent years, launching the Apple Card in the U.S. in 2019 and rolling out Apple device installment plans on…
AI and Data Strategy: Where Do They Intersect?
“Nitish Mittal, a partner in the digital transformation practice at Everest Group, emphasizes this point: ‘I can’t stress this enough: data or the lack of the right data strategy is the number one bottleneck to scaling or doing anything with AI. When clients come to us with what they think is an AI problem, it…
Klarna launches new Klarna Kosma division for its open banking platform
“Klarna Kosma is an API that other companies can integrate in their apps and services. These companies can leverage Klarna’s API to access account statements, initiate payments, fetch banking information and refresh this data regularly. Klarna is better known for its “buy now, pay later” products. In some countries, Klarna lets customers connect to their…
An Overview Of How Digital Is Impacting The Financial Industry
“AI and machine learning are expected to leave a huge mark in the financial industry. Currently, credit card companies and banks have started using complex algorithms to detect and prevent fraudulent transactions. Fintech startups backed by multinationals have assisted in pioneering some of these technologies. With it, they have improved customer experience and benefitted customer…