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Wealth Management In The Post-Covid World: Tech Is Reshaping How We Save And Invest Money

CB Insights

As with numerous other industries, the Covid-19 crisis has propelled digitization in the space — with fintechs and financial services incumbents alike. Between 2017 and 2060, it’s expected that approximately $50T will change hands in what will be the largest aggregated transfer of wealth in history. Source: Deloitte.

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Over 50? Welcome to the New Frontier of Fintech!

Fintech Labs Insights

Guest post by Theodora Lau, Director of Enterprise Strategy and Innovation at AARP, a sponsor of FinovateSpring 2017. Update: Check out a copy of AARP’s April 2017 Financial Innovation Frontiers report online. billion in revenue in 2017 for the traditional banking industry. Welcome to the New Frontier of Fintech!

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AARP and the Innovation@50+ Initiative

Fintech Labs Insights

Guest post by Theodora Lau, Director of enterprise strategy and innovation at AARP, a sponsor of FinovateSpring 2017. billion in revenue in 2017 for the traditional banking industry. They are avid users of digital tools, services, and products, and they are increasingly finding that their needs are not met by the bank offerings alone.

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Qapital Raises $12 Million, Adds Debit Card Functionality

Fintech Labs Insights

The company’s founders George Friedman and Erik Akterin plan to “rewrite the rules of retail banking” by helping millennials “translate money into happiness.” ” In the three years since it launched, 180,000 users have opened and funded savings accounts on the Qapital platform.

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Visa Launches Installment APIs For Issuers And Merchants

PYMNTS

This offering is the latest set of APIs made available to issuers and FinTech firms via the Visa Next “digital-first” platform offering. The goal is to create a consistent and ubiquitous user experience across the channels they shop by leveraging the credit and debit relationships already in place with their banks.

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Look Who’s Making AI Intelligent Again

Fintech Labs Insights

Artificial intelligence (AI) is not new to fintech, but in the past two years we’ve seen a jump in the sophistication and scale of its use across the industry. Also this week, Bank of America demo’d its smart chatbot, Erica , said to be coming in “late 2017.” Other banks are following suit.

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banqUP Previews its Bank-as-a-Platform Solution for European SMEs

Fintech Labs Insights

Pictured (left to right): banqUP’s Lukasz Chmielewski (CTO), Dimitri Leemans (Partner, Hedera Consulting), and Krzysztof Pulkiewicz (CEO) demonstrating the banqUP small business banking platform at FinovateEurope 2017. Launched as a PSD2-ready smart bank in Q1 2017. Here are the responses from CEO Krzysztof Pulkiewicz.