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Anthemis’ Williams: Fintechs in a race to become customers’ primary financial provider

Bank Innovation

Founded in 2010, London- and New York-based venture firm Anthemis Group focuses on early-stage and Series A fintech investments. Its total deployed and deployable capital amounts to […].

Fintech 253
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Citi Ventures on the Lookout for Machine Learning Startups in 2018

Bank Innovation

EXCLUSIVE – Since its launch in 2010, Citi Ventures has focused on investments that are strategic to its parent, the global financial services provider Citigroup. But when your parent company is a bank that spans the world, you can get involved with a lot of things.

Company 284
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A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Necessity is the mother of invention.

Lending 148
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Wave Lands $24M To Focus On AI For SMB Finance

PYMNTS

The company revealed the funding from an array of backers including National Australia Bank, Royal Bank of Canada, Portag3, and Exhibition Capital. Existing investors CRV, Social Capital, BDC IT Venture Fund and BDC Capital, OMERS Ventures, HarbourVest and OurCrowd also participated, Wave said.

Capital 123
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Solve This Problem with Your Strategic Horizon

South State Correspondent

Strategic Horizon and Capital As mentioned, the problem that bank’s often run into when it comes to strategic planning is their time horizon is too short. The bank that will be around in the next 50 years will be one that develops the ability to build infrastructure now that allows for efficient innovation in the future.

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Smartwatch And AI Startup Mobvoi Close To $1B Valuation With Google’s Help

PYMNTS

Mobvoi was Google’s first direct China investment following the exit of its search engine from the country in 2010. This will enable the capital markets to support the development of China’s core technologies and innovative capabilities,” the regulator said in a statement posted on its website. It also comes as the U.S.

Google 152
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Stripe, a $23 Billion Startup, Reckons With Waning Globalization

Bank Innovation

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.