Artificial Intelligence in Investment Banking Artificial intelligence is becoming a game changer in investment banking. Barclays is developing an AI system for customers to speak to a device to receive transaction information. UBS recently announced that is using robots on the trading floor to improve trader’s performance. JP Morgan...
Two years ago the Federal Reserve released Strategies for Improving the US Payment System, a plan that was intended to improve the payment system by making it faster, more secure and more efficient. Since this plan was released, the Fed has collaborated with key stakeholders to implement strategies from...
As fintech companies continue to grow and garner worldwide attention, the Hong Kong Monetary Authority decided to capitalize on this. The Hong Kong Monetary Authority is establishing a regulatory “sandbox” to enable faster trials of products and to maintain competitive versus its peer countries such as China, Australia, and...
As digital payments such as credit cards are widely accepted nowadays, one may wonder whether the payment methods of card and non-card (for example, account to account/ACH) will move in different orbits. Will the digital payment replace the traditional payment method some day or will they just merge together...
FinTech leadership across the United Kingdom is expressing concern that the “Brexit” vote may have a meaningful and negative impact on start-ups that operate throughout countries remaining within the European Union. The digital payment marketplace faces significant risks, with digital transfer payments that now easily move across borders highly...
How does artificial intelligence fit into the fintech sector? Well, technology seems to be the answer to lower costs and efficiency. Most recently, Wealthfront, Venmo and Sentient Technology have added AI capabilities to their products. AI has enabled these companies to analyze customer data to create better strategies. Although...
While Fintech has many faces, 3 stand out as the largest drivers in the space: the transfer of money, consumer lending, and small business lending. Mobile money refers to everything that makes shifting funds easier; from basic money transfers to mobile banking and payment processing. Smart phones are an...
This year, we’ve seen big banks partner with or buy out their potential finTech competitors Ally Financial bought TradeKing Group for $275 million – 4/2016 Honest Dollar was purchased by Goldman Sachs after it had just raised $3 million in venture funding BBVA bought Finnish banking start up Holvi...
Circle, a U.S. social payments app backed by a venture arm of Goldman Sachs, is partnering with Barclays in Britain. The partnership will provide the banking license to start offering free cross-currency payments and transfers between friends using Bitcoin. Because the cost of acquiring new customers is much lower...
Fintech 100: KPMG and H2 Ventures issued the leading 50 established fintechs and the next 50 emerging stars Key Insights Funding boom – The Fintech 100 companies have collectively raised in excess of US$10 billion. Fintech is now truly a global sector – The list is comprised of 40...
Castle Placement
