Analytics India Magazine (Circ.: 176K): Vision for Using Alternative Financial Data to Optimize Credit Risk and the Lending Process
The fifth issue of the quarterly Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) in June 2017 maintains that “the financial system of the country remains robust despite increase in risks to stability primarily due to global risks and domestic macroeconomic conditions.” India’s banking system is showing good growth; deposits grew at a compounded annual growth […]
Consumers are stressing over their finances and financial future more than ever: How can they make more? How can they save more? How can they spend less? How can they save for retirement? There are literally thousands of financial service providers that can all help consumers improve their financial well-being, which makes it difficult to make the right choices. It’s […]
Open banking platform provider Token has partnered with Envestnet | Yodlee, a data analytics platform, for payments and financial data aggregation. The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s financial data platform, which enables personalised financial apps […]
The digitization of our daily lives through artificial intelligence (AI) technologies is simplifying and improving our overall efficiency to manage our physical, mental, emotional, intellectual and financial wellness. Whether technology is used by enterprises, small businesses or consumers – the benefits of digitization are clear and ubiquitous. In particular, the impact of digitization, or the ability to deliver connected services […]
According to KPMG, investment in Australian fintech has grown from $53 million in 2012 to over $675 million in 2016. There were less than 100 fintech startups in 2014 and there are 579 companies as of August 2017. Ultimately, fintech is expected to add $1 billion (AUS) to the Australian economy by 2020. Audrey William, Head of Research, ICT Practice, […]
There’s a myth in Australia that young Millennials are not financially savvy, and that we tend to spend our money foolishly. This even made the global news in May when an Aussie millionaire real estate developer, Tim Gurner, said that Millennials absolutely won’t be able to own their home when “spending $30 a day on smashed avocados and coffees and […]
When it comes to traditional wealth advisers giving financial advice to clients, the cost is often too high and few people can afford the services. The problem lies in gathering the necessary data required in order to create custom solutions to suit an individual client’s needs.
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.
Digital banking has not only gone mainstream but in many cases, it has become the only point of contact between banks and their customers. According to a May 2016 report on the tablet’s shifting role in mobile banking, half of the US adult population now banks using smartphones and tablets (an increase of 29 million people from the year before). While financial […]
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 […]
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