Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer.
Bank of America is giving its 'erica' chatbot more time to learn the nuances of language and banking basics. A profanity filter is one recent addition.
Cambridge Blockchain, one of many startups applying blockchain technology to customer-privacy and data-collection issues, is teaming up with LuxTrust to launch a new identity platform.
Brendan Dickinson of Canaan Partners says PFM startups have deep relationships with customers unlike online lenders, but the revenue model isn't as strong.
Stellar, which started as a splinter group from Ripple, has formed a for-profit company called Lightyear.io to help financial institutions integrate its software.
Self Lender and Wela, two fintech startups, are making their marks on the savings app space by providing incentives to users to manage their money wisely.
The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed-ledger projects as they try to pick the winners in a young field.
