Founded in 2010, Quovo is located in New York and has received $15.2 million after three rounds of funding. The company provides account aggregation and data analytics for financial accounts. The Smart Account Aggregation puts all financial accounts into one simple to read dashboard while reconciling, transforming, and normalizing data. The Portfolio Analytics is designed for investments so people can see statistics over any period for any of their portfolios. The technology can be used by entrepreneurs, advisors, and financial institutions.
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Neither artificial intelligence nor fintech – or even the union of the two – is really anything new, despite the recent buzz regarding all of the above. With that being said, we are indeed approaching that point where the underlying technology begins to make a noticeable difference in people's lives. From there, it won't be long before we begin to wonder how we ever lived without artificially intelligent financial advisors implementing our own personal monetary policy. Well, did you know that digital camera technology has been around since the 1970s but simply wasn't good enough to get mainstream traction until decades later? Don't worry, Kodak didn't see it coming, either.
Organisations thought they had reached Nirvana, because disk space was so cheap, they never had to worry about organising files/data again. And why not, time was much more valuable than a few GB of hard disk. As time went by data volumes kept on growing and soon this impacted the performance of many applications, requiring infrastructure improvements to compensate. Still servers were much cheaper than they used to be so a few more wouldn't hurt! Once more everyone was happy.