Michele Mattei’s Post

"Companies with a strong AI vision are likely to be favored over those who haven't yet adopted it.... [those] that don't integrate AI are at risk of falling behind" #FinTech #AIinFinance #PrivateCredit #GreenFinance #DigitalTransformation #Citi

Commercial Bank International Leads Investment Round in Generative AI Fintech zypl.ai Commenting on zypl.ai’s potential, Azizjon Azimi said “The $27 billion credit scoring industry globally has been constrained to a vicious, legacy cycle of building decision models on historical data. This has repeatedly reproduced the same suboptimal results of high rejection and default rates across geographies, banks and segments. Our approach provides a radical alternative: training models on synthetically generated simulations of historical data under extreme macroeconomic scenarios or so-called ‘black swans’. Adding such outlier data generated by AI empowers financial institutions – large and small, retail and wholesale, mass market and niche – to retain resilient portfolios across all macro cycles. Our rapid traction is proving that generative AI is not just in content creation – it is a disrupting technology that can shake up the world of finance.” https://lnkd.in/eNbM22te #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Reflecting on the incredible #transformation that has unfolded in the financial services industry over the past decade. Despite recent slowdowns, #fintech's innovative spirit continues to drive economic growth globally. The market capitalization of publicly traded fintech firms doubled to $550 billion between 2019 and July 2023, highlighting the sector's rapid evolution. Fintech has not only reshaped the industry but has also pushed traditional institutions to embrace digital-first strategies. Fintech's use of technologies like machine learning, AI, and predictive analytics to enhance financial decision-making is truly inspiring. As Asia and Europe emerge as key fintech hubs, it's clear that the sector's global impact is only just beginning. Here's to another decade of innovation and growth in fintech!  #Fintech #Innovation #FinancialServices #LIPostingChallengeIndia

How do you think AI will change the way we bank? The fintech boom has reshaped the financial landscape. Between 2019 and 2023, the market capitalisation of fintech firms doubled to $550 billion. Now, the focus is shifting to sustainable value creation, with fintech revenues expected to grow three times faster than traditional banking from 2023 to 2028. Fintech firms are now integral to financial services, often collaborating with or competing against big banks. Their influence on global banking practices is immense. Challenges like high inflation and borrowing costs exist, but easing inflation in 2024 is expected to boost AI-driven fintech investments. Juniper Research predicts AI investments in banking will rise to $85 billion globally by 2030, up from $6 billion in 2024. Fintech has also driven financial inclusion, especially in developing countries, accelerated by the Covid-19 pandemic and increased mobile phone usage. In my opinion, the integration of AI in fintech is not just a trend but a fundamental shift that will redefine the entire financial services landscape. The way most of us bank will shift. Maybe not in ways we anticipate, but it will shift. How do you see AI and fintech shaping the future of financial services?

"The AI Coach is central to our commitment to democratise financial access across the continent. By providing instant, personalised #financial guidance, we are not only enhancing #client experience but also driving meaningful #growth for the business. It is an example of how we are delivering on our vision of a digital-first, client-centric future," says Riaan van Dyk, CEO of Sanlam Fintech. #insurance #financialaccess #financialplanning #AICoach #artificialintelligence #digitalfirst #clientcentricfuture Sanlam

🚀 Exciting News in FinTech: Amount Secures $30M to Boost AI Capabilities Amount, a leading digital origination and decisioning SaaS platform, has just raised $30 million in fresh funding. This significant investment underscores the growing importance of AI and machine learning in the financial services sector. Key Takeaways: 1️⃣ Investors include Goldman Sachs, WestCap, and new player Curql, a credit union coalition. 2️⃣ Amount's platform serves banks and credit unions, managing $3.1T in assets for 50M+ customers. 3️⃣ Funds will advance AI capabilities and expand into the credit union market. Industry Implications: • This funding round signals a strong push towards AI-driven solutions in financial services. • Credit unions are increasingly embracing fintech partnerships to stay competitive. • The focus on AI and ML suggests a trend towards more sophisticated, data-driven decision-making in lending and account opening processes. What does this mean for the industry? - Enhanced customer experiences through AI-powered personalization - Faster, more accurate risk assessment and lending decisions - Potential for more inclusive financial services as AI refines credit models As financial institutions continue to digitize, partnerships with fintech companies like Amount will be crucial for staying ahead in a rapidly evolving landscape. What are your thoughts on the role of AI in financial services? How do you see this impacting traditional banking models? Read more about Amount's funding and plans: [INSERT URL] #FinTech #ArtificialIntelligence #DigitalBanking

Top Fintech Companies in the Lending and Credit Space https://zurl.co/nSaY 🚀 The Future of Lending & Credit: Meet the Top Fintech Players! 💸 Curious about which fintech companies are leading the charge in revolutionizing the lending and credit space? From personal loans and business financing to buy-now-pay-later (BNPL) services, these innovative platforms are changing how the world borrows and manages credit. 🌍💼 Discover how giants like SoFi, LendingClub, Upstart, Affirm, and others are leveraging cutting-edge technology to offer faster, more accessible financial solutions. Explore their market positions, the latest figures, and how these companies are driving the future of lending and credit with AI, machine learning, and seamless digital platforms. 📊🔗 💡 Ready to dive into the fintech landscape and see what's next for lending and credit? Don’t miss this in-depth look into the industry's top players reshaping financial services for businesses and consumers alike. #Fintech #Lending #Credit #PersonalLoans #BNPL #BusinessLoans #DigitalFinance #FintechInnovation #FinancialServices #FutureOfFinance #AI #Investing #CreditSolutions #FinancialInclusion #TechInFinance #AI #AINews #AnalyticsInsight #AnalyticsInsightMagazine

The global #fintech market remains a hotbed of #innovation and #growth, despite a sobering few years in funding and valuation terms. With the advent of game-changing #technologies such as #GenAI and with still billions of #unbanked and #underbanked individuals worldwide, fintech has vast potential. 💡Please read my article: "The impact of AI : Opportunities and Risks of Artificial Intelligence in Finance." https://lnkd.in/dnNrFMpN 📢The report of BGC Group is based on interviews with more than 60 global fintech #CEOs and #investors and on our joint experience in the fintech industry. 💡The report https://lnkd.in/dwNDRaZw Four Major Themes Shaping the Fintech Sector 📍#1. Embedded finance will be a $320 billion market by 2030 📍#2. Connected commerce is poised for liftoff. 📍#3. Open banking will have a modest impact on banking but a greater one on advertising. 📍#4. GenAI will be a game-changer now for productivity, with product innovation to follow