This is a roundup of industry news and links for the week of February 11th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Artificial Intelligence Is Changing Banking and Wall Street. Here’s What to Expect in 2019 – New technologies have enabled tremendous evolution in the finance industry, especially over the past decade. Thanks to machine learning and artificial intelligence (AI), investors and consumers are getting access to more innovative tools, new types of financial products and a new potential for growth.
8 Technology Trends Banking Industry Must Act On In 2019 – 2019 will not be a continuation of the past with banking technology. But which technology trends will matter most in the months and years ahead? Big data and AI? The cloud? Digital-only banks? The answer is critical because ignoring these trends now will make it more difficult than ever for complacent banks and credit unions to catch up.
Why venture capitalists love fintechs – Fintechs are getting a large infusion of venture capital.
In 2018, U.S. fintechs raised almost $12 billion from VC firms, a surge of 120% from 2017. Leading the trend are a handful of startups that have managed to attract millions.
As a result, there’s an increase too in the number of private equity firms, including those operating on the behalf of large banks, seeking to fund fintechs.
Small Businesses Are The Next Wave Of Fintech Focus – The war for fintech dominance in the consumer market is still waging, but a new battle line is forming as they set their sights on small businesses. And for good reason. There are 27.9 million small businesses in the U.S., accounting for nearly half of the nation’s Gross Domestic Product.