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Announcements

NOVEMBER 2017


November 06, 2017

Startup Douugh teams with small bank to launch 'smart' checking account

The fintech startup Douugh, which has built an artificial intelligence engine designed to help consumers regain financial health, and Choice Financial, a community bank based in Fargo, N.D., are teaming up to create a new digital bank account.

November 06, 2017

AI-driven finance app Douugh partners Choice Financial for checking account

San Francisco-based fintech startup Douugh has teamed up with community bank Choice Financial to launch an app-based checking account and debit card that will lean heavily on AI to help users better manage their money. Choice has also made an investment in Douugh, which has raised $2.5 million to date and is the brainchild of Andy Taylor, who previously founded Australia's largest P2P lending platform, SocietyOne.

November 06, 2017

Choice Financial partners with Douugh

How does a community bank headquartered in Fargo, N.D., wind up partnering with a fintech startup out of Australia? Tim Heilman, CIO at $1.2 billion-assets Choice Financial Group, says that he and Andy Taylor, founder and CEO of Douugh both know people in the fintech business. One of their common friends put the two companies together. It was a match made in cyberspace.

November 06, 2017

AI-driven finance app Douugh partners Choice Financial for checking account (Finextra), Rated: A

San Francisco-based fintech startup Douugh has teamed up with community bank Choice Financial to launch an app-based checking account and debit card that will lean heavily on AI to help users better manage their money. Choice has also made an investment in Douugh, which has raised $2.5 million to date and is the brainchild of Andy Taylor, who previously founded Australia’s largest P2P lending platform, SocietyOne.

November 07, 2017

Douugh Receives Strategic Investment from Choice Financial

Douugh, a San Francisco, CA - based provider of an integrated checking account and debit card, received a strategic investment from progressive community bank Choice Financial. The amount of the deal was not disclosed. The company – which has raised $2.5M in total funding – will use the funds to launch its account and debit card.

November 07, 2017

Fintech funding round-up: 7 November 2017

Not cash-strapped just backed. Our latest fintech funding round-up features Douugh, Choice Financial, Monzo and Smartkarma. All rise please. Banking (not baking) challenger Douugh has partnered with community bank Choice Financial to launch an integrated checking account and debit card. Choice has also made an investment to “support Douugh’s roadmap”, bringing the company’s total seed funding to $2.5 million.


OCTOBER 2017


October 24, 2017

Testers needed for 'Sophie', the artificial intelligence money mate

“Sophie" is Douugh's personal financial assistant, and should testing go well, "she' will be the personality Douugh customers will chat with on their mobile phones when managing their money.

October 24, 2017

NZ prepares to join the 'open banking' revolution

Andrew Sieprath is among the first people in the Europe to embrace "open banking" as a customer. The former ASB banker fits the bill for those with most to gain from not playing by the banks' rules.


AUGUST 2017


August 24, 2017

Rebundling financial services is aspiration of startup Douugh

"You are 0% of the way to your retirement goal! You have plenty of time, keep up the good work." This message I recently received from the Wela app reminded me to kick my retirement saving efforts into gear.

August 24, 2017

AI/BOTS: AI Bank Tech And Millennials

Being connected via modern technology is something that’s becoming an expectation among consumers. From groceries to home buying, back-to-school shopping and more, there doesn’t seem to be many facets of everyday...

August 24, 2017

Personal finance app Douugh moves into beta

Douugh, a fintech banking challenger founded on an Artificial Intelligence (AI) first approach to enabling financial wellness, is introducing an AI-powered financial platform guided by Sophie - a 24/7 personal assistant for finances.

August 24, 2017

Douugh Rises to Challenge with AI-Powered Banking

Banking challenger Douugh has unveiled its artificial intelligence (AI)-powered financial platform, guided by “Sophie”—a 24/7 personal assistant for finances, reports Paybefore sister publication Banking Technology.