Founded in 2015, Insight Analytics has pioneered advanced natural language processing technology that empowers financial institutions to derive actionable insights from text at scale.
Rethinking the debt collection process is crucial. Many people dread the thought of dealing with a collection agency, associating it with aggressive letters, exorbitant fees, and bothersome calls. Berlin-based fintech Revamp Collections is on a mission to change this narrative through the integration of Machine Learning, offering a refreshing approach to debt recovery for both businesses and their customers.
The importance of community cannot be overstated, especially given the current economic climate. Small enterprises, often considered the backbone of local economies, are struggling. Founded in 2011, LocalBoost is dedicated to uplifting these businesses by providing a payment and loyalty platform designed to alleviate the burdens faced by owners.
Stedi is revolutionizing B2B transactions by utilizing a serverless-first architecture. The company enables organizations to seamlessly connect and transact with trading partners while avoiding cumbersome point-to-point implementations. Their self-service “digital mailbox” allows businesses to exchange over 300 distinct commercial transaction types in standardized formats with ease.
In the refinancing sector, the German fintech startup ClearTrade is making waves by focusing on the often-overlooked small and medium enterprises (SMEs). Their commitment to customer satisfaction and data-driven strategies is helping to reshape the refinancing landscape.
AgriTech is combining agriculture with fintech in an innovative way. Emma Weston, the CEO of FarmLink, emphasizes the need for startups to face the financial realities head-on. Their platform facilitates transactions between buyers and sellers of agricultural commodities like grain and cotton, fostering transparency and efficiency in the marketplace.
The analytics journey of FinTech company Tide is a testament to their adaptability. Consultant Mark Reddington has played a pivotal role in redesigning and implementing Tide’s Analytics Platform on AWS. He shares insights into the platform’s evolution from its inception in late 2019 to its current status, as well as future goals anticipated by the end of 2020. For more on this topic, check out this blog post.
Hicham Oudghiri, the CEO of Insightful, recently discussed the transformative influence of cloud services and GPUs on the development of conversational AI and recommendation systems. This discussion included insights from various fintech leaders, including representatives from Recommenda and FinTech Innovations, emphasizing the relevance of these trends in today’s landscape. For an excellent resource on the skills being prioritized in the tech industry, see this article from Fast Company here.
As companies like Backbase grow, they must find ways to optimize costs. Backbase, a leader in digital-first banking solutions, successfully reduced their compute expenses by 30% through the strategic use of Amazon EC2 hibernation. This approach not only streamlined their operations but also enhanced the overall user experience by unifying data from traditional systems and new fintech players.
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