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Fintech funding round-up: 23 June 2017

Good ideas can bring good money

For the third day in a row we present a fintech funding round-up. The previous two were here and here. Our latest report features Blockchain, Julia Computing and Mswipe Technologies. We’ll begin with a confusing company name. Blockchain (yes, really), a UK-based software platform, has raised a Series B of $40 million with Lakestar and […]

Softbank ups investment in security AI firm Cybereason

Robots

Softbank has upped its investment in security firm Cybereason, as the focus on artificial intelligence (AI) continues.

Bank to the future: five ways financial apps are changing banking

Ian McKenna, DigitalWealthInsights.com:

Less than half a year from now, PSD2 will revolutionise consumers’ access to their own financial information. In fintech hubs across Europe, bright young people are planning a consumer revolution. Their financial apps and tools are helping customers manage their money far more easily than they have before. Here are five important ways in which they are changing the face of banking.

Voice is a natural step in the technology evolution – Amazon

Alexa-1-770x285

If there is any doubt in which direction the technology world will head next, its being brushed aside by Amazon Web Services (AWS); voice is the natural progression. Telecoms.com (Banking Technology‘s sister publication) reports. Speaking at TechXLR8 in London, David Low, “principal evangelist” at Amazon Alexa EU, highlighted that the voice user interface will be […]

UK regulator reveals second wave of sandbox start-ups

FCA keen to explore regtech

The UK’s Financial Conduct Authority (FCA) has unveiled the second wave of firms that have made it into its regulatory sandbox. As reported in 2015, the sandbox allows businesses to test out new products and services without “incurring the normal regulatory consequences”. The move is part of the FCA’s Project Innovate, which aims to boost […]

AI will make humans redundant in security, but that’s a good thing

The robots are coming...

If security is too big a question for us to answer, maybe it’s time to hand the responsibility over to the machines, reports Telecoms.com (Banking Technology‘s sister publication). During a panel at “AI and Machine Learning World”, part of tech event TechXLR8 in London, artificial intelligence (AI) was discussed. What might seem quite a controversial […]

USAA invests in AI tech vendor CognitiveScale, implements its products

UBS and StatPro agree acquisition deal

USAA, a banking and insurance provider that focuses on the US military personnel and their families, has made a “strategic investment” in machine intelligence software vendor CognitiveScale.

Softbank continues spending spree, grabbing smart robotics firm from Google

softbank

Japanese tech conglomerate SoftBank continued its drive to take centre stage in the evolution of the tech industry with the acquisition of Boston Dynamics from Google/Alphabet. Telecoms.com (Banking Technology‘s sister publication) reports that Boston Dynamics has been a fairly high profile robotics pioneer in recent years, specialising in humanoid and quadrupedal machines apparently designed to […]

Hands off! BBVA creates patent office

BBVA

With its increase in innovation BBVA has created a Global Patent Office (GPO) to protect its intellectual property (IP) – particularly in biometrics and artificial intelligence (AI). The GPO will put the bank’s IP work in a single office and offer collaboration between departments, agents and training. Don Relyea, director of the BBVA global patent […]

How do you stop AI from taking over the world? Make it neurotic of course

The robots are coming...

For those worried about artificial intelligence (AI) taking over the world, the University of California has got your back with an idea to make robots neurotic to stop them getting too cocky, reports Telecoms.com (Banking Technology‘s sister publication). One of the concerns which has been raised through the implementation of AI, and also the advancement […]

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