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Nutmeg Spices Things Up with New $37 Million Investment

Fintech Labs Insights

Convoy, Hong Kong’s largest firm of independent financial advisers, led the round, while existing investors Schroders, Balderton Capital, Pentech, Armada Investment Group, and Nigel Wray also participated. Since launching in 2011, Nutmeg has delivered returns between 6.5% and 47% for specific savings goals, ISAs, and pensions.

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SoFi Unveils Digital Wealth Management Platform, SoFi Wealth

Fintech Labs Insights

Founded in 2011 and headquartered in San Francisco, California, SoFi made its FinDEVr debut earlier this year at FinDEVr 2017 New York. The presentation focused on how Quovo developed a bank authentication API for SoFi that both improved security and streamlined UX. A member of CNBC Disruptor 50 for 2017 , SoFi has raised more than $1.8

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Q2 Leverages MX Technology to Launch Contextual PFM

Fintech Labs Insights

With the “always-on aggregation” and UX/UI of MX , the newly-launched Contextual PFM from Q2 is designed to make actionable financial insights a part of every customer’s mobile banking routine. MX has raised $50 million in funding and includes USAA, TTV Capital, and North Peak Ventures among its investors.

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Fintech’s Third Crisis is Tipping Point to a Digital-Only Future

Fintech Labs Insights

The recovery : As financial institutions got to the other side in 2010/2011, there was a massive pent-up demand from consumers for digital services, as broadband was now common in most developed markets and the iPhone turned 3 in 2010. And it took the rest of the decade for the capital to gravitate to all the good ideas.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

To give a few numbers, non-life insurance market world-wide in 2011 was estimated at $1,877.2 In an insurance world, there is a conflict between the requirements of the underwriting algorithm for being able to price the premium and the optimal UX for users to be able to obtain a product. billion the same year. A new carrier?

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i-exceed Unveils Appzillion 3.1 with Enhanced Security, UX

Fintech Labs Insights

i-exceed also notched a major deployment with Exim Bank in March, and began the year with an agreement with Indonesia’s Telkosigma to help the company build and market mobile versions of its banking, financial, and capital markets solutions. i-exceed was founded in May 2011 and is headquartered in Bangalore, India.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Slack launched its own $80M chatbot fund, partnering with leading VCs including Spark Capital, Index Ventures, Accel, KPCB, Social Capital, and Andreessen Horowitz. Crafting a simple UX for a personal finance app is a tall order. Swedbank, Capital One, SEB, and Wells Fargo have all introduced bots for similar purposes.