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ViSenze Sees Visual Search Growth In eCommerce

PYMNTS

AI technology startup ViSenze creates digital image search solutions built on deep learning and computer vision capabilities. Founded in Singapore in 2012, the company’s solutions are used today by major digital retailers such as Rakuten and ASOS to simplify product searching for some 250 million daily active users.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). For traditional banks, the largest impact of mobile and digital technology has been how it has shifted consumer expectations. “As

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Challenges for the neo-challengers: Four hurdles to overcome

Accenture

But there’s another reason why the neo-challengers are so front-of-mind: They’re industry leaders in cultivating technology innovation and optimising customer service and experience. While our research reveals consumer trust in banks is at its highest since 2012, consumers’ concerns over online fraud and cybersecurity have also grown.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. percent since 2012. According to the Federal Reserve , U.S.

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Unbundling Bank Of America: How The Traditional Bank Is Being Disrupted

CB Insights

The pandemic has also accelerated recent trends in banking, especially among the millennial demographic, which tends to favor digital banking and online brands over traditional banks. Companies in this category target small- and medium-sized businesses (SMBs) for business loans and working capital financing. . Business banking.

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Socure Raises $13 Million In New Capital

Fintech Labs Insights

In a round led by Flint Capital, digital identity verification technology specialist Socure has raised $13 million in funding. Featuring participation from ff Venture Capital, Santander InnoVentures, and Two Sigma Ventures, this week’s investment takes Socure’s total financing to more than $17 million.

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The Periodic Table of Tech in India

CB Insights

Our periodic table consists of 3 components: a selection of companies that have come to define tech in the country, the investors (including venture capital, corporations, and corporate venture capital arms) that support them, and notable exits from recent years. Venture Capital. Click the image below to enlarge.

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