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The Finalists for The Europas Awards for European tech startups is released – TechCrunch


The The Europas Awards for European Tech Startups is coming, and today it releases its final shortlist after an intense round of public voting and judges' delioberations. The awards will be held on 27 June 2019, in London, U.K. and TechCrunch is once more the exclusive media sponsor of the awards, alongside new "tech, culture & society" event creator The Pathfounder. The awards cover 20 categories, including new additions such as cover AgTech / FoodTech, SpaceTech, GovTech and Mobility Tech. Attendees, nominees and winners will get discounts to TechCrunch Disrupt in Berlin, later this year. The Europas Awards results are based on voting by expert judges and the industry itself.

AI is Quickly Being Leveraged for Improving Customer Experience


NeoGrowth is a pioneer in lending based on the underwriting of digital payments data. The Company's proprietary technology platform offers unsecured loans to merchants who accept card or other digital payments from customers. Flexible repayment is a hallmark of the NeoGrowth business, offering customer's small daily auto-repayment facility from card-based sales. He is a seasoned operating executive who has successfully founded a number of businesses and operated them to high levels of success. He has over 30 years of experience in the Payments & Fintech industry focusing on Business Leadership, Payment Processing, SME Lending, Corporate Development, Business Operations, Technology and Strategy.

Banks beware, outsiders are cracking the code for finance

The Japan Times

Anyone can be a banker these days, you just need the right code. Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer customers everything from banking and credit to insurance. For established financial institutions, the warning signs are flashing. So-called embedded finance -- a fancy term for companies integrating software to offer financial services -- means Amazon can let customers "buy now pay later" when they check out and Mercedes drivers can get their cars to pay for their fuel. To be sure, banks are still behind most of the transactions but investors and analysts say the risk for traditional lenders is that they will get pushed further away from the front end of the finance chain.

What Happens at the Convergence of Machine Intelligence & Online Lending


Credit scoring and approval rates changed substantially with the arrival of alternative lenders, mainly due to the adoption of new practices in collecting and analyzing potential borrower data. Alternative data has played its role in expanding horizons for financial institutions and for creating an opportunity to enter the financial sector fir technology startups and data-rich international companies. While social media, for example, as a source of data for creditworthiness assessment is still at a nascent stage, certain startups are already claiming to have incorporated information from social networks into their frameworks. In the quest to reinvent the way to assess consumer-related risk (as well as extend credit to unscored and questionable), startups were found more imaginative than traditional institutions. Alternative data requires alternative approach to data analytics, which wide adoption of machine learning and artificial intelligence brought.

Celebrating fintech's role at the heart of the new normal


Innovate Finance has launched a new forum to explore the potential of fintech to create a more inclusive and sustainable world. What good timing - fintech has performed impressively amidst the pandemic and will have a crucial role to play as restrictions are lifted and we settle into our'new normal'. It's origins go back to the creation of peer-to-peer pioneer Zopa in 2005, but the bulk of UK fintech was founded from 2010 onwards. As such, commentators would often say that we need to see how it performs during its first true economic downturn. Well, it's fair to say that fintech has passed the COVID-19 test with flying colours.