Emirates, ICICI Complete Cross-Border Blockchain Transaction
Major #banks in Dubai and India have embarked on a series of #blockchain trials with the help of Infosys.
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When or If? Deloitte Study Explores Blockchain Loyalty Programs
A new report from #Deloitte #explores the application of #blockchain to #loyalty rewards #programs.
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Chatbots That Can Help You Manage Your Money
Three #fintech startups from London have just launched their own version of chatbot which claims to #help you #manage your #money better. How do they work? A virtually financial assistant plugging to your bank account will analyse your spending in the background and provide assistance when needed in order for you to keep track of your money better, oh and actually save some.
Techcrunch wrote a piece about this and we tried to summarize it for you.
These #chatbots are targeting millennials who, they claim, are not financially savvy as they could be and, typically, who are using smart phones every day for communication.
Here we are introducing Plum, Chip and Cleo – 3 financial chatbots coming from the UK.
PLUM
Plum is described as the first AI powered Facebook chatbot that allows you to start saving small amounts of money. Founded by Victor Trokoudes and Alex Michael, who were part of the early teams at TransferWise and Tictail respectively, this chatbot connects to your current account and learns all about your spending habits in order to automatically deposit money into your Plum savings account every few days.
Plum is currently in private Beta in the U.K. and will move to invite-only at the end of October. It has just closed $ 500,000 in seed funding from 500 Startups’ microfund and a number of angels.
CHIP
Unlike Plum which relies on Facebook messenger, Chip – a similar micro- saving chatbot, has chosen to develop its own iOS and Android app. Chip bot automatically puts money into your Chip saving account based on what it deems you can afford. It does this by learning your spending habits and running this data through its own AI.
Founded by Simon Rabin and Nick Ustinov, who previously founded Roamer, Chip not only proves to people that they can actually save and afford to save but also aims to be able to offer a range of financial services that are “price transparent and help the customer have a happier and healthier financial life”. Think competition in overdrafts, personal loans, and forex.
CLEO
Cleo bills itself as an intelligent assistant for your money. The AI-powered chatbot lets you interrogate your bank accounts and credit card data which helps you keep track of your spending and hopefully budget better.
Cleo co-founder and CEO Barnaby Hussey-Yeo had a picture in mind that the app will help people manage their money a lot more easily. “It’s for people that would rather not spend a couple of hours every week in a spreadsheet trying to manage their cash,” he adds.
Not dissimilar to Plum and Chip, the bigger picture for Cleo is to offer a full range of banking products using the data you’ve handed over and its algorithms to make sure you’re always getting the best deal.
The post Chatbots That Can Help You Manage Your Money appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Chatbots That Can Help You Manage Your Money
Three #fintech startups from London have just launched their own version of chatbot which claims to #help you #manage your #money better. How do they work? A virtually financial assistant plugging to your bank account will analyse your spending in the background and provide assistance when needed in order for you to keep track of your money better, oh and actually save some.
Techcrunch wrote a piece about this and we tried to summarize it for you.
These #chatbots are targeting millennials who, they claim, are not financially savvy as they could be and, typically, who are using smart phones every day for communication.
Here we are introducing Plum, Chip and Cleo – 3 financial chatbots coming from the UK.
PLUM
Plum is described as the first AI powered Facebook chatbot that allows you to start saving small amounts of money. Founded by Victor Trokoudes and Alex Michael, who were part of the early teams at TransferWise and Tictail respectively, this chatbot connects to your current account and learns all about your spending habits in order to automatically deposit money into your Plum savings account every few days.
Plum is currently in private Beta in the U.K. and will move to invite-only at the end of October. It has just closed $ 500,000 in seed funding from 500 Startups’ microfund and a number of angels.
CHIP
Unlike Plum which relies on Facebook messenger, Chip – a similar micro- saving chatbot, has chosen to develop its own iOS and Android app. Chip bot automatically puts money into your Chip saving account based on what it deems you can afford. It does this by learning your spending habits and running this data through its own AI.
Founded by Simon Rabin and Nick Ustinov, who previously founded Roamer, Chip not only proves to people that they can actually save and afford to save but also aims to be able to offer a range of financial services that are “price transparent and help the customer have a happier and healthier financial life”. Think competition in overdrafts, personal loans, and forex.
CLEO
Cleo bills itself as an intelligent assistant for your money. The AI-powered chatbot lets you interrogate your bank accounts and credit card data which helps you keep track of your spending and hopefully budget better.
Cleo co-founder and CEO Barnaby Hussey-Yeo had a picture in mind that the app will help people manage their money a lot more easily. “It’s for people that would rather not spend a couple of hours every week in a spreadsheet trying to manage their cash,” he adds.
Not dissimilar to Plum and Chip, the bigger picture for Cleo is to offer a full range of banking products using the data you’ve handed over and its algorithms to make sure you’re always getting the best deal.
The post Chatbots That Can Help You Manage Your Money appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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Wells Fargo Develops Blockchain Banking Prototype
#Wells #Fargo, ANZ and Swift, recently completed a #blockchain #prototype aimed at the correspondent #banking business.
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Whatever Happened To… 11 Startups Graduating from Barclays Techstars 2 Years Ago
Image source 2 #years ago I attended the #Barclays #Techstars graduation day pitch in London. My report #from then is here. I was excited and impressed, but knew the stats about startup survival rates. So I thought it would be interesting to do a #Whatever #happened to… followup post twoRead More
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Digital Attack: ‘Marketplace’ Platform Lets You Hire KPMG Specialists within 48 hours
#KPMG has launched a new #platform that allows users to #hire KPMG #specialists to cover their short-term needs for up to 20 days, effectively, and online. The new service aims at addressing the increasingly fast-paced, dynamic and #digital working world.
As digitalization forces Swiss companies to innovate and take a critical look at their business models, KPMG is looking to lead the trend as the auditing and consulting firm has announced the launch of a new digital platform for the temporary staffing of its professionals.
Qualified as “the latest innovation in digital platforms,” KPMG’s #Marketplace lets businesses hire KPMG specialists rapidly through an entirely digital process. The temporary staffing agreement is concluded #within 48 #hours and marks the beginning of deployment.
Explaining the new platform, Anne van Heerden, head of advisory and member of the executive committee at KPMG Switzerland, said:
&8220;Marketplace is something completely new in the advisory business. Regardless of the reason, whether seasonal peaks, complex analyses requiring extra work or emergencies that pop up at short notice, at KPMG’s online platform, enterprises can find just the right specialists in a flash to efficiently cover their temporary requirements for any timeframe of up to 20 days.&8221;
KPMG&8217;s specialists provide a wide range of capabilities through Marketplace including financial modelling, analytics, business and process analysis and project administration and reporting.
According to Stefan Pfister, CEO of KPMG Switzerland, the platform intends to help companies with their digital transformation processes. He said that the new service will open up a wide range of opportunities and possibilities for the firm to incorporate into its auditing and advisory services.
&8220;Marketplace is just the latest example of our broad-based digital #attack,&8221; Pfister said. &8220;For years now, we have been offering our clients a unique range of support services in areas such as cognitive data analytics where we work together with Microsoft, IBM Watson and McLaren, along with many others.&8221;
KPMG Marketplace has launched in a number of markets including Switzerland, Australia and Vietnam (also referred to as KPMG OnDemand).
As the consulting world undergoes a shift, KPMG has been deploying a number of initiatives to disrupt itself and remain competitive in the face of growing demand for greater digitalization.
With a team based in Singapore, KPMG Digital Village acts as an online platform connecting firms with startups. The idea is to boost collaboration between corporates and the startup community to help the firm&8217;s clients in their digitalization journey.
KPMG Digital Village focuses on three particular areas: #fintech, healthtech and logtech.
During the past few years, consulting firms s have made some strategic acquisitions of design firms, moves that highlighted the industry&8217;s shift towards digitalization.
Featured image via KPMG
The post Digital Attack: ‘Marketplace’ Platform Lets You Hire KPMG Specialists within 48 hours appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
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USAA Rules Latest Net Promoter Score Survey
A study from Temkin Group released today puts San Antonio-Texas-based #USAA head and shoulders above every other corporation in America in terms of Net #Promoter #Score. Net promoter Score is a slightly controversial metric that measures customer loyalty. A company’s NPS is supposed to correlate with revenue growth. A score of -100Read More
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USAA Rules Latest Net Promoter Score Survey
A study from Temkin Group released today puts San Antonio-Texas-based #USAA head and shoulders above every other corporation in America in terms of Net #Promoter #Score. Net promoter Score is a slightly controversial metric that measures customer loyalty. A company’s NPS is supposed to correlate with revenue growth. A score of -100Read More
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Is Blockchain Beating Bitcoin? TechCrunch’s New Series Weighs In
What is the #blockchain? Where did #bitcoin come from? And what is a bitcoin miner? #TechCrunch’s new web #series explores.
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