Financial service providers – banks, wealth management advisors, and fintech startups – are embracing the application of Artificial Intelligence (AI) and machine learning throughout the industry. What’s notable is that these emerging technologies are gaining significant momentum and delivering unique value to consumers in financial services as well as other industries.
Monefly is an innovative new Fintech platform in Australia, focused on providing tools and resources that empower its members to grow income, reduce expenses, build assets, eliminate debt and protect themselves from risk. Some of these exciting tools include free property valuations, automated budgeting, credit scores, bank account consolidation and much more. Monefly aims to make financial health and wealth easier to understand, […]
In June 2017, U.S. Bank and Envestnet | Yodlee co-hosted a hackathon competition for internal developers from U.S. Bank to come up with new ideas surrounding retail banking and personal finance. The idea was to create “mashables” using U.S. Bank and Envestnet | Yodlee APIs to further help U.S. Bank and its customers.
It was an award winning night as Envestnet® | Yodlee® took home a Best of Show award at the FinovateFall 2017 conference in New York. The conference saw nearly 80 companies presenting and we were pleased to win for the demonstration of our vision for the Envestnet | Yodlee Artificial Intelligence FinCheck app. This app is part of our larger […]
The retail lending sector has become a battleground for established banks and new innovators as the market changes due to increased competition, new regulations, emerging technologies, and changing customer expectations.
Many of us have been warned about things going on our “permanent record” when we were kids, but when we became adults, we realized that some of those fears were greatly exaggerated. There’s no permanent record that follows us around our entire lives, detailing that time we got detention in high school or our freshman English grade.
Fintech is among the most heavily regulated sectors a startup can enter. Regulators and banks are constantly dealing with new rules around the changes that technology brings. As a fintech entrepreneur, how do you grow your startup while being mindful of the risks and regulations?
Ever wonder what VCs expect? Or what keeps them up at night? VC Stephen Bernardez from ONSET Ventures answered these questions and much more at our most recent Envestnet | Yodlee Incubator Bootcamp. This was an opportunity to ask a VC questions without being judged. Here’s how the Q&A session unfolded.
Got a startup? Here’s the first question: Do you really want to raise venture capital? And if the answer is yes, how do you go about it? If anyone can answer this question, Nathan Beckord, CEO at Foundersuite and VentureArchetypes, can. Over the past eight years, Beckord has helped 100+ clients raise over $98 million in seed capital and achieve […]
If anyone embodies the resolve of an entrepreneur, it’s Dorrian Porter, who crowdfunded a WiFi-emitting statue of Nikola Tesla in Palo Alto and drove traffic to the project through an animated video showing what would happen if Nikola Tesla pitched a VC.
Open Banking is a new set of regulations in the UK that were created to give consumers more control over their money. The Competition and Markets Authority (CMA) issued new rules that would allow consumers to more easily manage their money, switch accounts to find the best deals for their particular needs, as well as avoid high overdraft charges. These […]