TransUnion Partners with Nova Credit to Improve Financial Access for New Canadians

From NASDAQ Press Release TORONTO, April 25, 2018 (GLOBE NEWSWIRE) — TransUnion (NYSE:TRU) announced today a partnership with Nova Credit that will help new Canadians transfer their credit scores from other countries. The partnership will serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history. The…

AIG looks to the Fintech Innovation Lab as it continues to sharpen risk intelligence

By Rob Bauer, AIG The biggest change to risk management in the last three to five years is the power we’ve developed to know more about risks than ever before. It also links directly to why AIG is looking forward to working with the insurtechs chosen to join this year’s Fintech Innovation Lab. At AIG…

MaxMyInterest Appoints Tom Bradley to Advisory Board

NEW YORK, March 22, 2018 – MaxMyInterest (“Max”) – an intelligent cash management and optimization platform for individual investors and financial advisors – today announced J. Thomas Bradley Jr., retired president of retail distribution at TD Ameritrade, is appointed to serve on its Advisory Board. Bradley is a distinguished executive who brings more than three…

Digital Reasoning Raises $30M led by BNP Paribas

NASHVILLE, TN, March 19, 2018 –Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, today announced that it has raised $30 million in new funding. BNP Paribas led the round and Angel Rodriguez-Issa, Global Head of Strategic Investments, Global Markets at BNP Paribas, has joined Digital Reasoning’s board of directors. Barclays…

Major Financial Industry Players Rally Around FDC3 To Provide Universal Technology Standards

OpenFin brings together leading capital markets participants to power industry application interoperability and desktop connectivity March 8, 2018 – New York and London – A newly formed group of major finance industry players announced today that they have joined an OpenFin-led initiative to bring universal connectivity and standards to all of the financial industry’s desktop…

How this digital-only bank lowers risk of sign-up fraud

By Brian Yurcan, February 27, 2018 “Offering new customers an entirely mobile and digital account opening process is still a challenge for many banks, partly because of added difficulty in meeting know-your-customer requirements and preventing fraud in instances when a customer isn’t sitting across the desk. But some banks are using application programming interfaces, or…

Mind the Gap: Addressing Challenges to FinTech Adoption

After nearly a decade of growth for the fintech sector, it has taken a foothold in financial services. The ability to quickly adopt external innovation is creating competitive advantages for financial services companies. Entrepreneurial fintechs decreasingly see themselves as competitors with large financial institutions, but rather as partners in a large, highly regulated marketplace. Financial…

GreenKey “Voice-Enables” Wall Street Via OpenFin; Creates First Industry Standard for Voice Applications

NEW YORK, Feb. 14, 2018 /PRNewswire/ — GreenKey Technologies, creator of patented voice software with integrated speech recognition designed for the financial markets, today announced that the firm will release its voice API through OpenFin’s plugin architecture. OpenFin is the secure desktop operating system used by 45 of the world’s largest banks, buy-side and trading platforms. The move brings the…

New York Life values insurtechs with business-based creativity

By Don Desiderato This is a transformative moment for technology entrepreneurs to partner with the insurance industry. More than ever before, insurers are combining awareness of technology’s benefits with an openness to embracing technological change. That’s because heightened customer expectations and advances in technology are converging to create an extraordinary opportunity for those insurers ready…