Company:Personetics Technologies

From HandWiki
Short description: Israeli fintech firm
Personetics Technologies
TypePrivate
IndustryFinTech
Founded2011
FoundersDavid Sosna
David Govrin
Headquarters
Tel Aviv, Israel
Area served
Worldwide
Websitepersonetics.com

Personetics Technologies is a financial technology (fintech) software company headquartered in Tel Aviv, Israel.[1] The company's product uses artificial intelligence to analyze bank's customer transaction data in real-time and use this analysis to deliver financial management information.[2][3][4] [5]

History

Personetics was founded in 2011 by David Sosna and David Govrin.[6] It offers services to big banks aiming to modernize their services, particularly in developing on-demand services.[7] The company's AI-based engagement platform provides data-drive personalization, customer management, and money managements to these global financial institutions that are facing increasing competitions from neobanks, or online-only direct banks.[8][7] It effectively operates through Consumer Data Right (CDR), an element in open banking that empowers consumers to get their banks share their personal data with fintechs.[9]

In 2021, the company secured an $85-million funding, raising its valuation to more than $160 million.[7]

References

  1. "היי-טק בעיצוב תעשייתי: הצצה למשרדים של חברת Personetics" (in he-IL). Geektime. 30 May 2016. https://www.geektime.co.il/inside-personetics/. Retrieved 16 January 2019. 
  2. Cocheo, Steve (16 October 2017). "Applying human intelligence to AI -" (in en-gb). Banking Exchange. http://www.bankingexchange.com/news-feed/item/7104-applying-human-intelligence-to-ai. Retrieved 16 January 2019. 
  3. Toplin, Jaime. "AI and security were among the top trends discussed at Money20/20". Business Insider. https://www.businessinsider.com/ai-and-security-were-among-the-top-trends-discussed-at-money2020-2017-11?IR=T. Retrieved 16 January 2019. 
  4. "You Need a Better Bank Right Now". Money. http://time.com/money/collection-post/4082359/you-need-a-better-bank-2015/. Retrieved 16 January 2019. 
  5. Penn, David (23 July 2018). "Personetics Scores Minority Stake Investment from United Overseas Bank". Finovate. https://finovate.com/personetics-scores-minority-stake-investment-from-united-overseas-bank/. Retrieved 16 January 2019. 
  6. "Company Overview of Personetics Technologies Ltd.". Bloomberg Businessweek. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=427030. Retrieved 16 January 2019. 
  7. 7.0 7.1 7.2 "Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks" (in en-US). https://social.techcrunch.com/2022/01/19/israeli-fintech-personetics-raises-85m-for-tools-to-help-incumbents-personalize-banking-services-to-compete-with-neobanks/. 
  8. Knowles, Catherine (January 21, 2022). "Personetics raises $85M, expands operations in Australia" (in en). https://itbrief.com.au/story/personetics-raises-85m-expands-operations-in-australia. 
  9. "How the consumer data right and fintechs can help you reduce your fuel bill" (in en-US). 2022-03-08. https://ia.acs.org.au/article/2022/the-fintechs-telling-you-the-best-day-to-fill-up.html.