Takeaway from Finovate and Next Money: Ditch the Humans

Next Money, a conference were Dave Birch, director of Consult Hyperion, and Brett King, chief executive of Moven, spoke, was abuzz with talk of artificial intelligence and identity. While much of fintech over the last few years has been about improving the front end of banking, the focus is now shifting to streamlining the back office. More startups are eyeing technology that would help ease the burden banks face in maintaining compliance with regulation. They are helping banks look for ways to cut back on paperwork and automate some manual processes, and in some cases, looking for ways to cut humans out of the equation entirely. Of course, there are still plenty looking to change the way people interact with money and their banks. These trends were apparent in New…


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