News > FinTech

China's 'Answer to LendingClub' Craters Just Like LendingClub
FinTech
Hot on the heels of LendingClub’s epic stock plunge, Yirendai – China’s purported “answer to LendingClub” – appears to be doing the same. Bloomberg: Yirendai Ltd., a Chinese company that connects borrowers with lenders similarly to LendingClub Corp. in the U.S., plunged the most on record after authorities imposed limits on the peer-to-peer platforms to curb risks in the loosely
Beyond Siri, The Next-Generation AI Assistants Are Smarter Specialists
FinTech
SRI wants to produce chatbots with deep knowledge of specific topics like banking and auto repair. After birthing a virtual assistant that knows a little of everything, SRI International is working on ones that know a lot about just one thing. The nonprofit research center is arguably best known in the tech world for spinning off Siri, whose virtual assistant
Exclusive: Trigger Finance Launches In-App Trading Features
FinTech
Trigger Finance, the app that allows traders to set trading reminders based on economic and company activity, announced Monday that it has integrated trading into its app. “The loop has been closed,” said Trigger CEO Rachel Mayer in an exclusive interview with Benzinga. Mayer said the introduction of placing orders directly within the app gives traders a complete solution when
Trade Ideas Is Bringing Artificial Intelligence to Robo-Advising
FinTech
Robo-advisors have burst onto the trading scene in recent years, and some estimates suggest these automated trading algorithms will be responsible for nearly half a trillion dollars of assets under management (AUM) by 2020. With that much money on the line, Trade Ideas co-founder and managing partner David Aferiat believes choosing the right robo-advisor will be critical. According to Aferiat,
Exclusive: Point72's Fintech Venture Wants to Solve the Biggest Problems in Finance
FinTech
Master investor Steve Cohen’s Point72 Asset Management has been looking at fintech lately with the formation of Point72 Ventures. It has acquired key talent to run the division, like Pete Casella, formerly of JPMorgan, and Alex Tarhini, from Barclays Techstars, and has made investments in fintech firms like Quantopian. To get an understanding of the firm’s approach to fintech, Benzinga
Video: Fintech Bridges Accelerate Expansion for Niche Companies
FinTech, Video
Fintech bridges are valuable for less publicized startups, like those working in asset management or back office technology, that won't be driven by the excited public, says Kevin Mak, founder of Ironfly Technologies,
Asset Managers Opening to Fintech Opportunities
FinTech, Video
Asset management "is traditionally more closed" than other parts of the finance world, leaving it slower than banks to pick up new financial technology, says Kevin Mak, founder of Ironfly. But asset managers are stepping up, in a less publicized way. "Especially now that 'fintech' in general is becoming more of an accepted term, even the bigger boys are taking notice
How Hackers Are Going For Gold At Rio's Olympics
FinTech
The Olympic organization, multinationals, and fans will likely be targets for cybercriminals, experts say. This month’s Olympic Games in Rio de Janeiro aren't just a showcase of the greatest athletes from around the globe: They're already a target for the world’s online criminals, experts warn. Rio's police are on alert against crime and terrorism, with an impressive surveillance system and
Video: UK Looking for Fintech Opportunities with Hong Kong
FinTech, Video
Brexit doesn't spell the end of fintech in the U.K., says Andy Burwell, Regional Director of Investment for Asia Pacific at UK Trade & Investment. The Bank of England is working on a fintech accelerator, and the U.K. recently signed on to a fintech bridge with Singapore and is discussing a similar deal with Hong Kong, he pointed out. "The U.K.
How Companies Are Using Cloud Technology to Achieve Financial Services Compliance
FinTech
Exclusively for Finbuzz by Edward Grant, COO at Solgari. Edward Grant worked in corporate banking at Citigroup for ten years in Dublin, London and Paris followed by several years in private equity focused on technology. Complex national and international regulatory requirements have historically prevented the financial services industry from taking full advantage of cloud technology. However, the rise of cloud