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AI-powered insurance startup Lemonade scoops $300m for European expansion

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AI-powered insurance startup Lemonade scoops $300m for European expansion

US startup Lemonade has closed a Series D funding round led by SoftBank, raising $300 million to fuel its AI-powered insurance platform's global expansion.

Tens of millions of jobs on the line as banks pile into AI

/ai

Tens of millions of jobs on the line as banks pile into AI

The global business value of the deployment of artificial intelligence in financial services is projected to reach $300 billion by 2030, according to a study by IHS Markit, leading to the loss of tens of millions of jobs

Banks don't drive Innovation; Innovation drives Banks.

/Artificial intelligence

Banks don't drive Innovation; Innovation drives Banks.

Drew Graham, Fintech Entrepreneur, speaks at Money20/20 ASIA in Singapore about initiatives that have been born from the Silicon Valley, whether they have truly morphed into initiative change, how good the banking sector is at keeping up with pace set by fintechs and whether they need to commercialise new ecosystems.

The business gains and strategy benefits of Google Cloud

/Artificial intelligence

The business gains and strategy benefits of Google Cloud

Adrian Poole, Head of Financial Services, Google Cloud Platform, speaks at Money20/20 ASIA in Singapore, about how banks’ use of using cloud technology has changed over recent years, what the main impact of cloud technology is on the banking sector, the benefits of banks working with Google and how these relationships will evolve.

Innovating incumbent banks from within

/Artificial intelligence

Innovating incumbent banks from within

Rick Striano, MD Digital Product develoment, Deutsche Bank, speaks at Money20/20 ASIA in Singapore about whether incumbent banks are less agile than challenger banks in deploying new technologies, how to drive innovation in a large bank, the emergence of sophisticated ecosystems and what we can expect from incumbents in the future.

/ai

NetGuardians to conduct AI research project with Swiss University

NetGuardians, the award-winning Swiss FinTech, has joined forces with the School of Engineering and Management (HEIG-VD) of the University of Applied Sciences and Arts, Western Switzerland (HES-SO) on a project that will further improve NetGuardians’ machine learning and artificial-intelligence software for financial fraud detection and prevention.

Visa backs Branch for mobile-based lending in developing markets

/inclusion

Visa backs Branch for mobile-based lending in developing markets

Branch International, a San Francisco-based startup that uses mobile phones to offer loans to people without bank accounts in developing countries, has closed a $170 million Series C funding round led by Foundation Capital and Visa, which is also backing the firm through a strategic partnership.

/ai

Use of machine learning now pervasive across financial services industry

Refinitiv announced today new research findings that confirm the use of machine learning is pervasive across the financial community and is critical to its success in the future.

SocGen Assurances and Roadzen team on contextual insurance venture

/ai

SocGen Assurances and Roadzen team on contextual insurance venture

Societe Generale Assurances has joined forces with AI insurtech specialist Roadzen to build a "digital and contextual" insurance player.

Banking in Africa and changing customer needs in the region

/Artificial intelligence

Banking in Africa and changing customer needs in the region

Nithinia Martin-Hobbs, Lead Technology Partner, Absa, speaks at the SunTec Confluence 2019 in Dubai about banking in Africa, what the customer needs are in the region, how technology is driving change at ABSA and the power in partnerships.

Accelerating startups through partnering strategy and investment

/startups

Accelerating startups through partnering strategy and investment

Macgregor Duncan, Chief Development Officer, Westpac , speaks at Money20/20 ASIA in Singapore about the biggest hurdles Fintech’s experience when attempting to grow, Westpac’s involvement in this space and how their global partnering strategy and investment into fintechs has helped many start-ups accelerate.

Tackling digital transformation in Nordic financial services

/Artificial intelligence

Tackling digital transformation in Nordic financial services

SWIFT's Business Forum Nordics event examined how the financial services community in the region can deliver technological innovation while managing emerging risk factors.

Faster, transparent and traceable payments

/Artificial intelligence

Faster, transparent and traceable payments

Thierry Chilosi, SWIFT gpi Go-to-Market Lead, speaks about what there is left to do around SWIFT gpi, why SWIFT is making payments confirmations mandatory, how banks will do this and how new services will be developed on the back of tracking these payments.

/ai

Pagaya raises $25 million for asset management AI

Pagaya, a global financial technology company using artificial intelligence (AI) to reshape asset management, today announced a $25 million Series C funding round.

Temenos TCF The Hague- Digital Banking Reloaded- live blog, Day 1

/Artificial intelligence

Temenos TCF The Hague- Digital Banking Reloaded- live blog, Day 1

Finextra is here in The Hague covering Temenos' annual bash. Stay tuned for live rolling updates on proceedings and the very latest in innovative functionality and streamlined operations.

South Africa's TymeBank picks Finn AI for digital financial fitness coach

/Artificial intelligence

South Africa's TymeBank picks Finn AI for digital financial fitness coach

South African digital lender TymeBank has enlisted the help of artificial intelligence-powered conversational banking technology provider Finn AI to build a financial fitness coach called Max.

/ai

Tinkoff Bank builds supercomputer

Tinkoff Group built its own supercomputer in line with its AI First strategy and ambition to develop a platform for machine learning and artificial intelligence.

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Ensemble Capital chooses Numerix Oneview Asset Management

Ensemble Capital, the absolute return global AI fund based in Singapore, is live with Numerix’s Oneview Asset Management solution for real-time risk and portfolio management.

Digital at the Core: Banking embedded in the world around us.

/Artificial intelligence

Digital at the Core: Banking embedded in the world around us.

Brett King, futurist and CEO, Moven, speaks at SunTec 2019 Confluence in Dubai about the importance of being Digital at the Core, how far banks have come, whether they have transformed radically enough and whether they can all co-exist together in the future.

The evolution of the challenger bank model

/Artificial intelligence

The evolution of the challenger bank model

Ronit Ghose,  Global Head of Banks Research, Citi, speaks at Money20/20 ASIA in Singapore about the evolution of challenger banks, how incumbent banks can establish their own, separately branded digital banks and whether is it possible to build an incumbent challenger bank.

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