In news more suited to the likes of Amazon, JP Morgan is set to look at customers’ spending histories in order to sell them future products or services.
The Disruptive Group is looking for a web marketing intern! The Disruptive Group builds businesses in Fintech and leverages technology to help build better financial services for the 21st century. …
It may look like shoplifting, but it’s actually Amazon’s latest real-world shopping experiment.
Bank of Lithuania, the country’s central bank and regulator, has signed a memorandum of understanding with UK-based payments and fintech start-up Revolut.
“AI and machine learning will undoubtedly alter both the headcount and the nature of skills required in the industry. A significant minority of survey respondents fear the effects on the workforce will be negative within the next few years. But wholesale displacement of humans is for the longer term – nearly seven in ten believe AI will bring complete or substantial change to their own jobs over the next 15 years. Even in trading, where automation is already widespread, human roles will remain critical in areas such as algorithm validation and monitoring, as well as compliance. At this point, few believe machine learning models can or should drive financial-market operations completely independently of human control….”
With advances in technology, the relationship that customers have with their bank and with their finances has changed. Customers rely less and less on walking into a branch for their banking needs, and instead have digital options to help them —ATMs, on-line chat, mobile phones, and Internet banking. So far these have been seen more as additive to a customer’s banking experience but when do we go over the digital disruption tipping point and see a change in the fundamental banking business?
“The incoming chief executive of French insurer Axa has said in his first interview that he wants the company to focus on the group’s digital transformation rather than making more big acquisitions.
Axa announced on Monday that Thomas Buberl, the 42-year-old head of the group’s German operations, would take over as CEO of the insurer in September, replacing Henri de Castries, who has held the job for 16 years.”
“In the VC world, there seems to be a fairly strong bias against pitching your company by saying, “We’re like X, but for Y. Most commonly, the “X” in the aforementioned sentence refers to Uber or Warby Parker…”
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This article contains an overview of the Australian FinTech ecosystem with some of the most interesting startups and successful accelerators/incubators.