KPMG and Microsoft Boost Their Global Alliance
Recognizing the need for tech-powered solutions, #KPMG will work closely with #Microsoft in both consulting and audit, including Azure-enhanced tools.
Financial Technology
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PayPal’s New Apple Partnership Leaves Square on The Outskirts
#Square may have #Apple Pay, but PayPal is the one with access to the rest of Apple. PayPal will now be a payment option for users making online purchases in the Apple ecosystem (including purchases made in the App Store, iTunes, and Apple Music), the payments company announced today on its blog. The #partnership, which […]
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Breaking Banks: Fintech Superheroes
In this episode, the show highlights four of many #Fintech fighters that are working to make the system better, smarter, faster, cheaper, and more honest. First up is Neobank hero Norris Koppel, the founder of Monese, which was started out of his own need to open a bank account as an immigrant. Like many heroes, […]
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Seed Deals Up in NYC, With Fintech and Real Estate in the Leads
#Seed deal volume increased in the second quarter of 2017 for the first time in six quarters, according to investment firm Primary Venture Partners. According to a report released this week, 37 #deals closed during the quarter, up 6% from the previous quarter totaling in $ 67.1 million. That marks a 16% increase from the previous […]
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What Financial Jobs Are At Risk of Automation?
#Financial advisors should be able to escape the rise of #automation and artificial intelligence with #jobs intact. That’s according to the data on the probability of computerization released by Carl Frey and Michael Osborne (reorganized into this helpful graphic from Bloomberg); which states that personal financial advisors have a 58% chance of computerization in the […]
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Consumers Are Still Wary of Digital Wallets (Zelle Isn’t Helping)
The introduction of yet another bank-branded #digital wallet service hasn’t exactly shifted the world of payments on its axis. Citi Pay, Citi Bank’s digital wallet (and P2P service, thanks to the bank’s integration with the ever-expanding #Zelle network) launched in the U.S. yesterday. Citi customers can now use the wallet for online and in-app transactions, enabled […]
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Mortgage Lenders Should Take Hints from Spotify
What do #mortgage lending and music streaming have in common? More than one would think. In fact, mortgage #lenders could stand to learn a few lessons #from how music services such as #Spotify interact with consumers, according to Vishal Garg, founder and CEO of Better Mortgage. Better, an online mortgage lender utilizing machine learning to […]
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Monzo Still on Track for 500K Accounts, Despite Losses
Scaling a challenger bank is, well, a challenge, but #Monzo is up for the task. #Despite reporting £6.7 million (about $ 8.7 million) in #losses for the 12 months ending in February, the startup is on #track for signing between 500,000 and 800,000 users by the end of the year (up from 240,000 active #accounts), the […]
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Vantiv Becomes International Payments Player With WorldPay Acquisition
#Vantiv is expanding its role in #international #payments, with its latest move gaining it a firm foothold in the United Kingdom. The American payment processor, headquartered in Ohio, has just closed a deal with London-based payment processor #WorldPay. Vantiv’s former British competitor has agreed — in principle — to be acquired by the company for […]
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Just One Third of OnDeck Borrowers Need Human Intervention
Machine learning and artificial intelligence have made waves in the lending space recently, but #human underwriters are by far not out of the picture. That’s according to #OnDeck’s Chief Financial Officer Howard Katzenberg. “What we want to do is be great at both the algorithmic and analytic part, as well as [maintain] a human element,” […]
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