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UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

TechCrunch

Meanwhile, Marshmallow’s novel, big-data approach and successful traction in the market speak for themselves. Regardless of whether Marshmallow is the first or one of the first, given the dearth of diversity in the U.K. Shift Technology raises $220M at a $1B+ valuation to fight insurance fraud with AI.

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Bridgewater's Ray Dalio: Quiet Pioneer of Big Data, Machine Learning, and Fintech

Toptal

This article argues that it was equally due to his foresight as an early but quiet adopter of computational systems, big data techniques, and artificial intelligence that resulted in his outstanding success. Bridgewater was one of the world’s earliest fintech companies.

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Colombian payment infra startup Simetrik lands $20M Series A at a $100M+ valuation

TechCrunch

What makes us better than competitors is the fact that it is provided as a service, where finance teams are independent from tech teams in configuring a big data back end with a spreadsheet-like interface,” Gomez told TechCrunch. My weekly fintech newsletter is launching soon! million in equity and debt.

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Financial Institutions Seek More Involvement in Fintech Innovation

Praxent

Financial Institutions Seek More Involvement in Fintech Innovation. Partnerships and incubator present a key fintech opportunity for financial service organizations. Fintech companies and financial innovation are changing the competitive landscape. Fintech Innovation Getting Funded. jumped 54%, to $26.1

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How To Build A Fintech App In 2022

Existek

Fintech applications prevail in the financial sphere, but the process of their development doesn’t look easy at the first glance. So, how to build a fintech app to deliver the best quality to end-users and beat the competition? Before asking “How to build a fintech app,” it’s worth knowing why one should do it.

Fintech 52
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Eric Schmidt backs former Google exec’s digital family office platform in $90 million funding

TechCrunch

But if you look closely, certain parts around investing is a big data problem – the kind of problem we can apply machine learning to at scale.”. Arta has chosen a “massive unsolved problem in the global fintech space. The startup says it will accrue interest based on performance and will be transparent about its pricing.

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Ledge aims to build automation tools for finance teams

TechCrunch

” That led Kirschenbaum to co-found a fintech startup, Ledge , with Asaf Kotzer and Ariel Weiss in 2022. The also enables real-time ledgering, updating the record of all of a company’s financial statements by connecting to existing data, payments and banking infrastructures. ” Investors agree, apparently.

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