New data from Worldpay projects $261 billion of online spending will be done by AI agents in the next 5 years (9% of purchases). 44% of Americans say they would let an AI assistant browse for them – rising to 59% among 18–34,” the survey revealed, with most interest concentrated in finding the lowest prices, […]
Your early delinquency rates are ticking up. Your quarterly vintage reports show deterioration. The ground is shaking, but you don’t know where the earthquake is coming from. Is it the economy? Your underwriting? That new marketing channel you launched? The honest answer: you probably can’t tell. And that could be costing you millions. I’ve spent […]
A Sorkin-esque writers’ room wouldn’t dare hold a fintech trade conference in the guts of The Venetian. Regulators holding poker chips as they deliver stump speeches; SVB loudly proclaiming its return; crypto platforms celebrating their time in the limelight; it’s all too on the nose. And yet. As with virtually all things money — including […]
Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech. This week, we’re highlighting Grasp, the Swedish startup building an AI Analyst to automate the grunt work of high-stakes financial decision-making. Grasp has raised $7 million in Series A funding led by Octopus Ventures, with participation from Yanno Capital, […]
To anyone who saw a haggard, chap-lipped traveler who looks a lot like me shuffling around the Las Vegas airport on Tuesday evening, no you didn’t. I’ve got Money 20/20 President Tracey Davies as an alibi. We met up at the press lounge — it felt far busier, if not overcrowded, this year; though some […]
In case you missed it yesterday, we’ve been reporting the latest from Money 20/20! And on this day, when the world’s first $5 Trillion company (NVIDIA) was minted, we are keeping an eye on the latest in AI: London Stock Exchange Group (LSEG) partnered with Anthropic to bring financial data access into Claude (e.g., summarising earnings calls, scanning diligence […]
Whenever there’s a mention of a company using AI, the default perception is that it’s a copilot or an assistant that generates, summarizes, or surfaces insights from a company’s data backend. The idea isn’t misplaced, but the actual role of AI inside enterprises is evolving fast. A new wave of startups has productionized AI to […]
“We’re getting accustomed to the risk, the friction, the discomfort, because the value is so high to the downstream customer,” Renata Caine said. Fintech-forward bank Green Dot (NYSE: GDOT) runs the gamut: powering everything from Apple Cash and Samsung Pay to a range of cash-to-formal-banking onramps for low-to-moderate income consumers. The co powers 80 million […]
Money20/20 has it all. From Matt Gaetz roaming the halls of the Venetian, to a conference attendee who looks uncannily like Formula1 driver Max Verstappen, to really nice Owala bottles from dLocal. There’s also substance amidst the buzz and doppelgängers and merch: Congressman Mike Flood told Financial Technology Association’s Penny Lee that he’d vote to […]
When small business owners talk about funding challenges, the story is often the same: too much paperwork, not enough time, and limited access to the kind of capital that helps them grow. A quiet revolution is reshaping that narrative. Artificial intelligence (AI), once the preserve of big tech, is now powering the next generation of […]