How technology is impacting the financial services industry
Technology is changing the way we bank and invest and how we interact with businesses. See some of the ways below.
AI-Powered Hedge Funds Vastly Outperformed, Research Shows
Institutional Investor article by Christine Idzelis
Hedge funds with artificial intelligence capabilities showed a huge competitive edge over investors that didn’t use AI, new research indicates.
AI-led hedge funds produced cumulative returns of 34 percent in the three years through May, a report Tuesday from consulting and research firm Cerulli shows. That compares with a 12 percent gain for the global hedge fund industry over the same period.
Square: Why Its Stock Is Soaring And How It’s Threatening Banks
Forbes article by Ron Shevlin, June 8, 2020
Square’s stock price hit a 20-month high recently. While many investors are taking notice, banks need to take notice, as well: Square is a bigger threat to them than Big Tech firms like Amazon and Google are.
These are the top fintech companies and startups in 2021
Business Insider article
The fintech industry is growing every year, and the market is starting to fill up with financial services providers and earky stage fintech startups trying to fulfill customers' needs and shape the future of finance.
Throughout 2019, fintech startups globally scooped up $34.5 billion in funding. Several innovative financial services and the largest fintech companies are driving that growth by attracting investors who are offering new financial products and services.
But as more and more companies pour into the financial technology space, it can be tough to sift through them and identify the major players. To help, we've listed below the largest fintech startups across six areas: Banking, Payments, Investment and Wealth Management, Insurance, Currency and Exchange, and Lending and Financing.
Take a closer look at who is orbiting in the RegTech space
RegTech Universe 2020
RegTech (Regulatory Technology) is more than a buzzword, it is a very real movement that is already having an impact on regulatory compliance. Discover Deloitte's RegTech Universe, where they are compiling a list of RegTech companies along with the technologies and solutions they are offering.
Chatbots explained
Chatbots use Natural Language Processing (NLP) to communicate with customers. These are becoming increasingly relied on when it comes to customer service. In the near future, the majority of client service interactions, across all industries, will be conducted via a chatbot. Check out the 2 minute overview, What is a chatbot and how does it work?