Saturday, September 22, 2018

Fiserv flaw exposed customers’ banking data

A flaw in the web platform of Fiserv has exposed personal and financial account information on hundreds of bank websites. Read more: www.bankingtech.com

CULedger moves towards its $10m goal for its Series A

Credit union application developer CULedger has netted $8.5m for its Series A round of funding, so far. Read more: fintech.global

Credit scoring platform Colendi secures $2.5m in funding

Colendi, a microfinance-focused credit scoring solution for the underbanked, has secured $2.5m in funding. Read more: fintech.global

Banks are just beginning to understand AI

Citi Ventures's recent investment in Anaconda, an Austin, Texas-based AI and machine learning (ML) software company, Read more: bankinnovation.net

How to implement big data analytics in FinTech apps

In the past few years, the financial technology industry has exploded in popularity. This industry has seen a 67 percent increase in growth in a short amount of time. Read more: thefintechtimes.com

Turning to AI to reduce digital banking risks

Implementing AI might be all the rage, but are banks buying too much into the hype? Read more: www.pymnts.com

Lenders bet on AI for credit scoring

Banks have to struggle with a lot of challenges – from issuing credit to operational risks Read more: www.finextra.com

AI and machine learning helping banks

Mindtree, a global technology services and digital transformation company, guiding its clients to achieve faster business outcomes, is using artificial intelligence Read more: thefintechtimes.com

Genstar Capital acquires Drillinginfo in $480m deal

Genstar Capital has acquired Drillinginfo, a data and analytics platform, in a deal worth up to $480m. Read more: fintech.global

Discovery Data collects investment from Northlane

Discovery Data, a data platform for financial services and insurance firms, has received an investment from Northlane Capital Partners. Read more: fintech.global