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AI is a huge mistake (if you don’t understand what it’s for)
It does amaze me how many people in banks and technology firms talk about Cloud, Big Data, Artificial Intelligence, Fintech, Blockchain, Apps, 5G, Analytics, APIs and more as though they are all buckets. They are buckets of technology, but in each bucket is a use case and, in many, hundreds or even thousands of use……
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AI is a huge mistake (if you don’t understand what it’s for)
It does amaze me how many people in banks and technology firms talk about Cloud, Big Data, Artificial Intelligence, Fintech, Blockchain, Apps, 5G, Analytics, APIs and more as though they are all buckets. They are buckets of technology, but in each bucket is a use case and, in many, hundreds or even thousands of use……
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Things worth reading: 27th June 2024
Things we’re reading today include … Revolut engineers who received £80k bonuses in 2019 are now sitting on £600k+ (efinancialcareers.co.uk) Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds (cityam.com) Big banks pass Fed stress test as they fight stricter capital rules (yahoo.com) Central banks urged to keep pace with ‘game……
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Transactions: U.S. Bank teams with Greenlight for family banking
U.S. Bank has teamed with debit fintech Greenlight Financial Technology to help parents teach financial literacy to their children. “U.S. Bank is the first financial institution to offer Greenlight through an embedded mobile app experience,” Brandon Horne, general manager of partnerships at Greenlight, told Bank Automation News. “We were able to have Greenlight’s tech embedded…
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FTV Capital deepens European business
Investment firm FTV Capital is expanding its European presence with a London office. The London team of six, led by Richard Earnshaw, will “work on deals in collaboration with FTV’s U.S. offices, and we will be able to leverage expertise from both sides of the pond to strengthen our robust pipeline of European investment opportunities,”…
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U.S. Bank cautiously deploying AI for SMBs
U.S. Bank is working on AI-driven solutions for its small and medium-sized business clients to improve their operations. “By no means is it as easy as just deploying AI into the ecosystem without taking into consideration some of the challenges it comes with,” Shruti Patel, chief product officer for business banking, told Bank Automation News.…
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Inside look: BNY Pershing X product pipeline
BNY looks to client feedback and demand when planning the product pipeline within its technology arm, Pershing X. “We’re hearing feedback from our clients, and we’re delivering solutions based on what we’re hearing,” Noam Tasch, head of revenue at Pershing X, told Bank Automation News. For example, last year, the bank launched its advisory product…
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Podcast: Retail POS lending is an opportunity for lenders, Pagaya president says
Point-of-sale financing as an alternative payment method is a growing opportunity for lenders, technology company Pagaya’s President Sanjiv Das says on this episode of “The Buzz” podcast. According to auto lender and Pagaya partner Ally Financial, POS financing is expected to reach a value of more than $81 billion by 2030. POS financing has…
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Payabli is building payment management tools for software startups
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Banking 2034: where will you be?
Thinking about banking conferences over the years, there are three main messages that are presented by people on stage: Banks won’t exist in ten years Banks will exist, but it’s all going to be very different Banks will exist, and it’s going to be a lot like today Let’s take #1: Banks won’t exist in……