“Builder.ai, the AI startup that has built a low-code/no-code app development platform, has raised $100 million in a Series C funding round led by Insight Partners. According to the startup, Builder.ai builds software and apps that are up to 6x faster and is around 70 percent cheaper as compared to other avenues. It claims that…
Tag: machine learning
Fintech Roundup: Goldman Sachs buys another startup, Fast hits a speed bump and BaaS gets hotter
“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…
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…