The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2024 TheOutpost.AI All rights reserved
Curated by THEOUTPOST
On Wed, 21 Aug, 4:01 PM UTC
2 Sources
[1]
TransAtlantic fintech alliance Fintelect goes live
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Fintilect is the new identity for UK-based ieDigital, AI-powered recommendation engine Abaka, and Connect FSS, the digital transformation specialist for the US credit union market. Between them, the three companies offers banks the ability to study a customer's lifestyle and financial habits, together with demographic data such as hobbies, leisure activities and aspirational insights. This rich data set is then analyzed in real time to predict which action will resonate best with a customer, as well as the channel and phrasing of communication most likely to achieve a successful outcome. Under the union, Parabellum founder Rami Cassis takes on the CEO role. Grant Parry, founder of Connect FSS, becomes Fintilect's chief strategy officer, and Fahd Rachidy, founder of Abaka, becomes director, AI Global Sales. Says Cassis: "Today's members and customers expect to be understood as individuals, with their specific lifegoals, ambitions and aspirations fully considered. By using reliable and consistent execution, backed up by sensible pricing and open communication, Fintilect provides these hyper-personalized insights to banks, building societies, credit unions and other providers, enabling them to grow their market share through closer engagement with customers using an innovative blend of AI and digital functionality."
[2]
Transatlantic fintech alliance Fintilect goes live
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Fintilect is the new identity for UK-based ieDigital, AI-powered recommendation engine Abaka, and Connect FSS, the digital transformation specialist for the US credit union market. Between them, the three companies offer banks the ability to study a customer's lifestyle and financial habits, together with demographic data such as hobbies, leisure activities and aspirational insights. This rich data set is then analyzed in real time to predict which action will resonate best with a customer, as well as the channel and phrasing of communication most likely to achieve a successful outcome. Under the union, Parabellum founder Rami Cassis takes on the CEO role. Grant Parry, founder of Connect FSS, becomes Fintilect's chief strategy officer, and Fahd Rachidy, founder of Abaka, becomes director, AI Global Sales. Says Cassis: "Today's members and customers expect to be understood as individuals, with their specific lifegoals, ambitions and aspirations fully considered. By using reliable and consistent execution, backed up by sensible pricing and open communication, Fintilect provides these hyper-personalized insights to banks, building societies, credit unions and other providers, enabling them to grow their market share through closer engagement with customers using an innovative blend of AI and digital functionality."
Share
Share
Copy Link
Fintilect, a new transatlantic fintech alliance, has officially launched. The initiative aims to bridge the gap between European and North American fintech ecosystems, promoting collaboration and innovation in the financial technology sector.
In a significant development for the global fintech industry, a new transatlantic alliance named Fintilect has officially launched. This initiative aims to foster collaboration and innovation between the fintech ecosystems of Europe and North America, marking a new chapter in international financial technology cooperation 1.
Fintilect's primary goal is to create a robust network that facilitates knowledge sharing, business development, and investment opportunities across the Atlantic. The alliance has garnered support from several prominent organizations, including:
These partnerships underscore the importance and potential impact of this transatlantic initiative 1.
At the helm of Fintilect are two seasoned fintech experts:
Their combined leadership brings a wealth of experience and a vision for a more interconnected global fintech landscape. Hirt emphasized the alliance's role in unlocking opportunities and driving innovation, while Reynolds highlighted the importance of collaboration in addressing global financial challenges 1.
Fintilect has hit the ground running with its inaugural activities:
These events serve as platforms for members to engage, share insights, and explore potential collaborations. Looking ahead, Fintilect plans to organize regular events, trade missions, and networking opportunities to maintain momentum and foster ongoing cooperation between the two regions 1.
The launch of Fintilect represents a significant step towards a more integrated global fintech ecosystem. By bridging the gap between European and North American fintech communities, the alliance aims to:
As the fintech sector continues to evolve rapidly, initiatives like Fintilect play a crucial role in ensuring that innovation and growth are not limited by geographical boundaries 1.
Reference
[1]
[2]
IntellectAI, a subsidiary of Intellect Design Arena Ltd, has introduced WealthforceAI, an AI-powered wealth management solution, to the Middle East market. This launch aims to revolutionize the wealth management industry in the region.
4 Sources
Intellect Design Arena and HCL Technologies have announced a global strategic partnership aimed at transforming the banking sector through innovative AI and open finance solutions. This collaboration combines Intellect's eMACH.ai platform with HCLTech's Purple Fabric to deliver cutting-edge financial services.
2 Sources
Bud, a fintech company, has launched agentic AI banking capabilities, marking a significant advancement in personalized financial services. This technology promises to revolutionize how customers interact with their finances, offering proactive and tailored financial management.
2 Sources
Artificial Intelligence is reshaping the banking and financial services sector, offering new opportunities for growth and efficiency while also presenting emerging risks. This story explores the impact of AI in ASEAN markets and beyond, highlighting both the potential benefits and challenges.
2 Sources
Intellect Design Arena introduces Purple Fabric, an enterprise-grade AI platform designed to accelerate AI adoption in financial institutions. The platform aims to simplify AI implementation and enhance decision-making processes.
2 Sources