Fintech News
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125How Fintech Companies Are Building Banking Infrastructure
Marqeta went public in 2021 at a $15 billion valuation. The company does not issue credit cards to consumers, does not hold...
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117
Why Banking Innovation Is Accelerating
JPMorgan Chase spent $17.1 billion on technology in 2024. That figure, larger than the annual revenue of most fintech companies, represents a...
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120
How Artificial Intelligence Is Transforming Financial Services
JPMorgan Chase employs more than 2,000 data scientists and machine learning engineers. The bank’s COO disclosed this figure during an investor presentation...
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80
The Role of AI in Modern Fintech Platforms
Klarna processes roughly 2 million transactions per day across 45 markets. In 2024, the Swedish buy-now-pay-later company announced that its AI-powered customer...
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94
Why Machine Learning Is Critical to Fintech Innovation
In 2012, a team at the University of Toronto entered an image recognition competition and won by a margin that stunned the...
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86
How AI Is Improving Financial Risk Management
On March 10, 2023, Silicon Valley Bank collapsed in 48 hours. The bank’s risk management models had not flagged the concentration of...
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85
The Growth of AI-Driven Financial Platforms
Ant Group’s Alipay processed 118.8 billion transactions in the twelve months ending March 2024. Behind each transaction, multiple AI models ran simultaneously:...
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94
Why Fintech Companies Are Investing in Artificial Intelligence
Ramp, the corporate expense management company, announced in early 2024 that its AI system had identified $150 million in duplicate software subscriptions...
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96
How AI Is Enhancing Fraud Detection in Financial Services
In December 2023, Mastercard’s AI fraud detection system blocked a coordinated attack that attempted to process $1.2 million in fraudulent transactions across...
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78
The Future of AI in Digital Banking
Bank of America’s virtual assistant Erica crossed 2 billion client interactions in October 2024, six years after its launch. In the most...
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65
Why Data Analytics Is Essential for Fintech Growth
When Nubank reached 100 million customers in 2024, the Brazilian digital bank disclosed a metric that traditional banks rarely publicise: its customer...
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74
How AI Is Revolutionising Financial Decision-Making
Morgan Stanley’s wealth management division manages $4.5 trillion in client assets. In 2023, the firm deployed an AI assistant built on OpenAI’s...
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71
The Role of Predictive Analytics in Fintech
Square Loans does not ask small business owners to submit financial statements. It does not request tax returns. It does not run...
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48
How AI Improves Financial Customer Experience
Lemonade, the insurance company, paid a claim in three seconds. A customer filed a claim through the app, Lemonade’s AI reviewed the...
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84
Why Data-Driven Finance Is the Future
Ant Group’s credit scoring system, Zhima Credit, evaluates over 3,000 variables per user to determine creditworthiness. The system scores more than a...
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86
The Impact of AI on Financial Automation
HSBC processes over 1.3 million anti-money laundering alerts annually. Before deploying AI, each alert required a human compliance analyst to review the...
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66
How AI Platforms Are Transforming Banking
In September 2023, Goldman Sachs quietly disclosed that it had deployed an internal AI platform capable of generating code, summarising documents, and...
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87
Why AI Is Becoming Core Fintech Infrastructure
Stripe processes payments for millions of businesses across 195 countries. When a customer in Tokyo buys a product from a merchant in...
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82
How Machine Learning Is Changing Credit Risk Assessment
In 2019, the Federal Reserve Bank of Philadelphia published a study comparing machine learning credit models against traditional logistic regression models used...
