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". גיקטיים (in Hebrew). Geektime. 30 May 2016. Retrieved 16 January 2019.
  2. ↑ Cocheo, Steve. "Applying human intelligence to AI -". Banking Exchange. Retrieved 16 January 2019.
  3. ↑ Toplin, Jaime. "AI and security were among the top trends discussed at Money20/20". Business Insider. Retrieved 16 January 2019.
  4. ↑ "You Need a Better Bank Right Now". Money. Archived from the original on February 4, 2017. Retrieved 16 January 2019.
  5. ↑ Penn, David (23 July 2018). "Personetics Scores Minority Stake Investment from United Overseas Bank". Finovate. Retrieved 16 January 2019.
  6. ↑ "Company Overview of Personetics Technologies Ltd". Bloomberg Businessweek. Retrieved 16 January 2019.
  7. 1 2 3 "Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks". TechCrunch. Retrieved 2022-06-09.
  8. ↑ Knowles, Catherine (January 21, 2022). "Personetics raises $85M, expands operations in Australia". IT Brief Australia. Retrieved 2022-06-09.
  9. ↑ "How the consumer data right and fintechs can help you reduce your fuel bill". Startup Daily. 2022-03-08. Retrieved 2022-06-09.
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