AWS Startups Blog
Tag: FinTech
Online-lending Platform Konfío Helps LATAM SMEs Get Funding
As some economies develop, small businesses that also develop and grow can sometimes be left out in the rain when searching for capital. Banks frequently look for collateral to be posted with loans, which can be difficult for smaller companies. This gap in offering is exactly where many startups are flourishing via assessing companies credit statuses through atypical methods or data, and providing financing to the previously underserved. Konfío, a fintech startup founded in 2013, does just that for micro-businesses throughout Latin America.
Read MoreOakNorth Turns Risk into Opportunity with Tech
For OakNorth, tech and banking truly go hand-in-hand. Its data and technology platform, OakNorth Analytical Intelligence (ONAI), allows it to do balance sheet lending via OakNorth Bank in the UK, profitably originating over £2 billion without a single default or late payment since its launch in September 2015.
Read MoreWhy Brex Chose Elixir
Almost every engineer that starts at Brex asks, “Why are we using Elixir?” It’s a question with an interesting answer, and one that we thought a lot about before we even began building Brex.
Read MoreAchieving a Swiss Bank Security Level with Nummo
Like many startups today, Nummo was born in the cloud and given our industry and our future goals, we wouldn’t compromise any other aspects of our offering. People needed to feel their data is secure when using Nummo.
Read MoreHow FinTech LendUp Strives for (And Achieves) Precision
LendUp builds technology, credit products and educational experiences for the 56% of the US population who are shut out of, or mistreated by, mainstream banking because of poor credit or income volatility. We want to provide anyone with a path to better financial health.
Read MoreAmazon Web Services and the UK FinTech Scene
Learn more details about how TransferWise, OakNorth, Funding Circle and Monzo all leverage the benefits of the AWS cloud.
Read MoreMachine Learning on Limit Order Book Data for Learning and Compliance
There are two key types of market participants; those who are trying to make money from the markets and those who are assigned to police those trying to make money. Examples of the former type include investment banks, hedge funds and asset managers, while examples of the latter includes in-house compliance, financial regulators and exchange surveillance teams.
Read MoreEngineering Financial Happiness: Tink’s Jens Rantil on Complexity-Free Money Management
Tink, a personal finance management app based in Sweden, has a unique end goal in mind for its users: financial happiness.
Read MoreFive Tips for Entrepreneurs from Kabbage Co-founder Kathryn Petralia
2017 has been a great year for Kathryn Petralia. In the past twelve months, Kabbage, the financial services and small loan company she co-founded with Rob Frohwein nine years ago, raised $250 million from Softbank.
Read MoreJames CEO João Menano on Expanding Credit Opportunities with AI
Assigning credit risk to people who apply for business loans, credit cards, and home mortgages has mostly been done by weighing some 10 or 20 attributes. Take those attributes—and we’re all familiar with some of the things that make our credit scores rise and fall, including timeliness of payments, debt to income ratio, and defaults—and crank them through your favorite logistic regression model or scorecard. The result is your assigned credit risk, and depending on the number, you either get your loan or you don’t.
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