CB Insights has provided a market map of artificial intelligence (AI) companies in fintech; the map is grouped by nine categories; top companies using innovative AI solutions for credit scoring and direct lending include Affirm and ZestFinance; the analysis also provides insight on each of the firm's investors. Source

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News Roundup Fintech USA

·Jan. 25, 2018

Bank of America Executive Says Talent just as Important as Technology

Bank of America’s Cathy Bessant says the bank’s talent is just as important as the technology they implement; the bank plans to spend more than $600mn on cybersecurity alone and says to TearSheet, “Sometime’s theres a misunderstanding that cyber defense is somehow all technology, and it’s not,” she said. “It’s judgment and how to assess a threat and think about mitigation every single day.”; technology is not only making the bank more efficient but it has also forced the bank to retrain employees for new technology skills, making the bank stronger overall; the bank is making a big push into AI and currently has more than 80 patents related to the new technology. Source.

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News Roundup Fintech USA

·Jan. 8, 2018

How Lenders Can Adapt to the Changing Cyber Threats

After a number of high profile breaches in 2017 lenders are looking to better protect themselves against evolving threats; writing a column in Bankless Times Tom Donlea of WhitePages Pro looks at some key things online lenders can do to better protect themselves; lenders can start moving away from using social security numbers as a personal identifier, AI and machine learning will play a bigger role, more lenders will begin to bring fraud fighting in house and blockchain will become more widely adopted. Source.

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Fintech USA News Roundup

·Aug. 9, 2017

Andrew Ng Launching New Online AI Course

Andrew Ng, former artificial intelligence chief of Baidu and founder of Google Brain, is launching a new online course for deep learning; the course will be available through the online education site he co-founded, Coursera, and will include content from his popular machine learning course at Stanford where he is currently a professor. Source

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Fintech USA News Roundup

·Jan. 16, 2017

FTC Announces Fintech Forum on March 9

The Federal Trade Commission (FTC) will hold a fintech forum focusing on blockchain and artificial intelligence on March 9, 2017; the forum will be the third fintech forum for the FTC; event will be free and open to the public at the University of California, Berkeley. Source

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News Roundup Fintech USA

·Feb. 6, 2019

TD Bank Finds AI Implementation Harder than Expected

About a year ago TD Bank acquired the AI startup Layer6 and they hoped to use their technology to quickly...

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News Roundup Fintech

·Feb. 3, 2017

Chart: 100 AI Startups

Artificial intelligence is being utilized across all industries with new startups offering innovative market solutions; in January CB Insights released a list of 100 top artificial intelligence startups; Zoox tops the list as the most well-funded company with total funding of $290 million; it is also a fintech unicorn with a valuation of over $1 billion; among venture capitalists, Data Collective has emerged as a top investor partnering with 14 companies from the list for venture capital investment. Source

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