COVID-19 Impacts Fintech

Rush to digitisation will see fintech sector flourish post-Covid-19 (finextra.com)

As the fintech sector struggles through the Covid-19 economic fallout, a report from VC Finch Capital offers some light at the end of the tunnel, suggesting that the crisis could ultimately end up benefiting the industry by accelerating the rush to digitisation.The coronavirus pandemic has had an impact on almost every part of the economy, […]

COVID-19 Impacts Fintech

Covid-19: Kabbage furloughs employees (finextra.com)

Struggling with the economic impact of Covid-19, American online small business lender Kabbage is furloughing a “significant number” of its 500-strong US team and closing down its Bangalore office, according to TechCrunch. In a memo sent to staff and seen by TechCrunch, CEO Rob Frohwein says: “The economic fallout of this virus has rattled the small […]

COVID-19 Impacts Fintech

Fintech During The Coronavirus Pandemic: Helping People With Mental Health Conditions Manage Money (Madhvi Mavadiya, Forbes)

U.K. Prime Minister Boris Johnson has warned the nation that the coronavirus crisis will get worse before it gets better and stricter restrictions must be put in place to tackle the spread of COVID-19. For many, the uncertainty surrounding the pandemic can feel incessant and will take its toll on mental health, especially those with […]

AI & ML Fintech

Salesforce adds new healthcare provider relationship management and analytics tools (Sarah Buhr, Tech Crunch)

Software giant Salesforce announced this week the addition of a few new tools in healthcare management to the Salesforce Health Cloud, with the goal being to help payers and providers utilize a more comprehensive system. The first is a healthcare provider management feature allowing doctors and other healthcare workers a way to efficiently manage new accounts and […]

Credit Fintech

NEW DATA: The Innovations Credit Union Members Need To Stick, Not Switch (pymnts.com)

Credit unions (CU) members have a reputation of being loyal to their financial institution (FI) — and not without reason. CU members, by and large, are happier than most financial consumers are with their primary FIs, with 88.5 percent saying they are very or extremely satisfied with their CUs’ performance. This compares to just 80.5 […]

AI & ML Fintech

Navigating the New Landscape of AI Platforms (Manu Sharma, Harvard Business Review)

Nearly two years ago, Seattle Sport Sciences, a company that provides data to soccer club executives, coaches, trainers and players to improve training, made a hard turn into AI. It began developing a system that tracks ball physics and player movements from video feeds. To build it, the company needed to label millions of video frames […]

AI & ML Fintech Technology Giants

Google Cloud launches new tools for deploying ML pipelines (Frederic Lardinois, TechCrunch.com)

Google  Cloud today announced the beta launch of Cloud AI Platform Pipelines, a new enterprise-grade service that is meant to give developers a single tool to deploy their machine learning pipelines, together with tools for monitoring and auditing them. “When you’re just prototyping a machine learning (ML) model in a notebook, it can seem fairly straightforward,” Google notes in […]

Alternative Data Fintech

How Organizations Can Avoid Alternative Data Fatigue (Gary Read, Forbes.com)

While the alternative data market is thriving—and projected to be worth $350 million in 2020, up from $183 million in 2016—we have witnessed organizations suffer from alternative data fatigue in 2019. The same groups of alternative datasets are being packaged and sold to the same groups of hedge funds, who then typically spend more time preparing the data than […]

Alternative Data Fintech

The “Rise of Alternative Data:” So, What the Heck Is It? (Luke Fitzpatrick, cpomagazine.com)

Big data adoption is fairly widespread, with 53% of companies using it in 2017. But it’s just the tip of the iceberg.- Advertisement – Now, an increasing number of businesses are recognizing the value of alternative data that may not have been on their radar a few years ago. In fact, total buy-side spend jumped from $232 […]