Collaborating Authors


'AI could trigger fintech revolution'


With the emergence of financial technology (fintech), companies are expected to offer more financial services to personalize their customer journey, enhance the overall user experience and generate alternative revenue streams. Provenir, an artificial intelligence-powered decision-making platform, believes that integrating start-up business operations with artificial intelligence (AI) and efficient data management could trigger "a fintech revolution" that will transform industries in the country. This holds true with the growth of the local fintech market, which has seen a significant valuation increase by 224 percent from $3.4 billion to $11 billion in 2016 to 2021, indicating that Filipinos use at least one fintech service every second. As mobility restrictions amid the ensuing pandemic constantly result in strong demand for digital services, businesses need to "adapt themselves at a very high speed," according to Provenir General Manager for Asia-Pacific Bharath Vellore. "AI in fintech opens the doors for the digitalization of credit-rich verticals and diversifies products and capabilities. Agility and speed in personalization play critical roles in providing personalized offers to customers, aiding in hypergrowth," he said during a recent forum.

Addressing the challenges of fintech with adoptable solutions


Banking and investing in the years to come are unlikely to resemble what they looked like or how they worked for our grandparents. An enormous amount of data and a high rate of digitization continue to transform the landscape of the financial services sector and how customers engage with it. Ubiquitous and vast varieties of data, combined with the sector's reliance on technology, pose new challenges, threats and vulnerabilities. The newly formed industry-guided research center, the Center for Research toward Advancing Financial Technologies (CRAFT), funded by the National Science Foundation's Industry-University Cooperative Research Center Program, is setting out to leverage the opportunities for advancement and innovation in the industry and to address the many threats and vulnerabilities it faces. At a launch event for CRAFT in the fall of 2021, industry leaders discussed many examples of such pressing challenges and research opportunities.

Data Operations Analyst


Addepar's purpose is to maximize the positive impact of the world's capital. More than 700 of the world's leading financial services firms trust Addepar to unlock the power and possibility of informed, data driven investing and advice. These family offices, wealth managers, banks and institutions use Addepar's purpose-built SaaS platform and associated Marketplace to deliver exceptional value to their clients in a modern, scalable and secure way. Our clients use Addepar to manage and advise on more than $3.5 trillion in assets, and we've been adding more than $15 billion per week for many consecutive quarters, making us one of the fastest growing companies in fintech. Our board and investors are some of the best in the business: D1 Capital, WestCap, 8VC and Valor Equity Partners have led our last few rounds.

How AI is making Gen Z the most financially sophisticated generation


From large banks to fintech startups, the financial services industry is leveraging the power of Artificial Intelligence (AI) to attract and assist Gen Z customers. For those counting, Gen Z includes anyone born between 1997 and 2012. Yes, even tweens are embracing fintech (financial technology). These apps help you make a large purchase and pay it off in small installments. Here are our six favorites.

3 Ways Voice AI is Helping Southeast Asian Fintechs to Scale Customer Experience


Technology platforms have tremendous potential to drive social progress. The financial technology (fintech) industry epitomises this, particularly in Southeast Asia -- where almost half of a 400 million-strong adult population do not have a bank account; while 90 million hold a bank account but lack sufficient access to investment products, insurance or credit. The significance of enabling access to financial services cannot be underscored -- financial access underpins a better quality of life, by helping families and businesses plan for everything from long-term goals to unexpected emergencies. With access to bank accounts, people are more likely to use other financial services, such as credit and insurance, to start and expand businesses, invest in education or health, manage risk, and weather financial shocks, which can improve the overall quality of their lives. In fact, the World Bank considers financial inclusion a key enabler to reduce extreme poverty and boost shared prosperity. Southeast Asia is a hotbed for growth and innovation and fintech Promisingly, the past years have seen a boom in fintech startups across Southeast Asia, with growth unlikely to slow down -- according to a report from UOB, fintech funding in the region jumped more than three times in the first nine months of 2021 compared with full-year 2020, reaching a record $3.5 billion!

Senior Machine Learning Scientist


Apex Fintech Solutions (AFS) powers innovation and the future of digital wealth management by processing millions of transactions daily, to simplify, automate, and facilitate access to financial markets for all. Our robust suite of fintech solutions enables us to support clients such as Stash, Betterment, SoFi, and WeBull, and more than 20 million of our clients' customers. Collectively, AFS creates an environment in which companies with the biggest ideas in fintech are empowered to change the world. We are based in Dallas, TX and also have offices in Austin, New York, Chicago, Los Angeles, Portland, and Belfast. If you are seeking a fast-paced and entrepreneurial environment where you'll have the opportunity to make an immediate impact, and you have the guts to change everything, this is the place for you.

Radicant And Squirro To Add More Muscle To Fintech With New AI Commitments


Radicant, the first sustainable, digital and collaborative internet-based financial services company which is aligned with the UN's 17 Sustainable Development Goals, is working closely with Squirro. The integration of technology enables radicant to automate decision-making processes and improve customer understanding and service quality. The Swiss tech company Squirro, recognized as a "Visionary" in Gartner Magic Quadrant for Insight Engines, links and analyzes data to provide new insights as a basis for decision-making. So far, this artificial intelligence (AI)-based technology has been made available to decision-makers in companies. In collaboration with radicant, these insights and recommendations are now offered not only within the company but also to radicant's customers.

AI to the metaverse: what tech will really transform banking?


In the long shadow of the 2007-08 global financial crisis, concurrent advances in three technologies – smartphones, 4G cellular networks and cloud computing – sparked an explosion of innovation in financial services. Their convergence enabled mobile banking: the sector's most significant development in generations. Just over a decade later, the industry is again "on the cusp of another inflexion point". He predicts that progress in tech including 5G, blockchain, artificial intelligence and quantum computing will trigger "another spurt" of innovation. "People talk about data being the new oil," Pattni says.

Emerging trends in Financial Services & FinTech: Artificial Intelligence, Machine Learning to define future


Two major trends Artificial Intelligence and Machine Learning are going to define the future of fintechs, said Soumya Rajan, Founder & CEO, Waterfield Advisors, at the FE Modern BFSI Summit. As for the emerging trends in the financial sector, Rajan noted two big themes, connectivity and computing, which are going to shape up the future. As far as connectivity is concerned, India has 750 million smartphone users, which is likely to become 1 billion by 2026. Rajan said that on the demographics front, the Gen Ys, and the Gen Zs are digital natives, which rely more on the technology for their financial services. In 2021, around 770 billion digital transactions happened globally, of which around 40 billion were with regard to mobile money.

Fintech: Powering digital transformation in financial services - BusinessWorld Online


Anyone who has transferred money to another person's account without having to deal with a bank employee -- by e-mail, text, call or physical visit to a bank branch -- is no longer a total stranger to financial technology. But keeping up with developments in the market can be dizzying, as fintech has grown exponentially of late, helped in part by the global health crisis that provided the impetus to reexamine processes and put the customer at the core of solutions. Fintech trends have been disruptive and will continue to be so especially now that the mobility restrictions since 2020 forced financial institutions to take a good look at what a digital economy is going to look like. Looking at the practical responses of banks to stay agile during the pandemic by examining processes that can be automated and making them more customer-centric, we can see that financial institutions have already set into motion what could be the beginnings of digital transformation. In some countries, financial firms are proactively taking steps to understand how their organizations can benefit from the wide array of available and emerging technologies.