With AI and machine learning technology becoming better banks of all sizes have started to employ chatbots with more regularity; Crowdfund Insider takes a look at 5 banks employing the technology; banks include Bank of America’s Erica, Swedbank’s Nina, Capital One’s Eno, SEB’s Aida and Wells Fargo; in most cases the chatbots help with simple tasks like checking balances, paying bills and finding the closest ATM. Source.
While the coronavirus is impacting many companies there are a few bright spots for a handful of fintechs; Nigel Morris,...
In this episode, the founder and managing partner of Fin Capital, Logan Allin, shares his thoughts on the current state of venture capital funding for fintech and his advice for founders on getting through the downturn...
According to Beth Knickerbocker, the OCC’s Chief Innovation Officer, the pilot program for banks to test innovative products will be...
Fintech and adtech startup Fluid announced a strategic partnership with Nomad Credit, a financial marketplace for international students in the US; the partnership looks to offer better credit options to this underserved market; together the companies will deliver better financial literacy, credit building tools and more cost effective financial products; Timothy Li, CEO of Fluid, said, "I am very pleased to work with the leadership at Nomad Credit to deliver financial products and credit education to over 1,000,000 international students studying here in America." Source
JPMorgan Chase has partnered with iCapital Network to allow for alternative investments once reserved for institutions and the ultra rich;...
Digital asset neobank Sygnum has raised $90 million in an oversubscribed Series B funding round which values the company at around $800 million.
Revolut has announced a new partnership with Lending Works that will allow the mobile banking app to offer P2P loans; through the partnership, the app's mobile users can submit loan applications and receive funding; loans will be available for 500 British pounds ($608) to 5,000 British pounds ($6,079) with APRs of approximately 9.9% and Lending Works will use customer data from Revolut in loan underwriting approvals; the partnership is expected to bring a significant amount of new business for Lending Works which was launched in 2014 and has lent a total of 50 million British pounds ($61 million) to consumers. Source
Worldline is a financial services company that provides everything from in-store point-of-sale terminals through to online payments, data analytics, banking...
N26 is launching soon in Brazil. We talk with CEO Eduardo Prota to find out how N26 will stand out in the competitive digital banking industry there