Ntropy specializes in financial data standardization and enrichment, primarily serving digital banks, financial operations teams, and small to medium-sized enterprises. The company provides an API that allows clients to integrate its services into their systems, enabling them to extract, standardize, and enrich financial transaction data. This makes it easier for businesses to analyze their financial information, such as identifying recurring payments or obtaining detailed merchant information for transactions. Ntropy differentiates itself from competitors by offering high accuracy and consistency in financial data management. The company's goal is to help clients improve their financial operations and make informed business decisions by providing clean and reliable financial data.

Lakestar

January Ventures

QED Investors

Enterprise Software

Fintech

Ntropy

In light of recent events with OpenAI, the conversation on AI development has morphed into one of acceleration versus deceleration and the alignment of AI tools with humanity. The AI safety conversation has also quickly become dominated by a futuristic and philosophical debate: Should we approach artificial general intelligence (AGI), where AI will become advanced enough to perform any task the way a human could? Is that even possible? While that aspect of the discussion is important, it is incomplete if we fail to address one of AI’s core challenges: It’s incredibly expensive. AI needs talent, data, scalabilityThe internet revolution had an equalizing effect as software was available to the masses and the barriers to entry were skills. These barriers got lower over time with evolving tooling, new programming languages and the cloud. When it comes to AI and its recent advancements, however, we have to realize that most of the gains have so far been made by adding more scale, which requires more computing power. We have not reached a plateau here, hence the billions of dollars that the software giants are throwing at acquiring more GPUs and optimizing computers. To build intelligence, you need talent, data and scalable compute. The demand for the latter is growing exponentially, meaning that AI has very quickly become the game for the few who have access to these resources

The Missing Link Of The Ai Safety Conversation

By partnering with Yapily and leveraging extensive bank coverage, Ntropy is expanding its multi-geo and multilingual enrichment capabilities, enabling Yapily's customer base across Europe to benefit as Ntropy intensifies its European presence.

Yapily plugs into Ntropy data enrichment API

Financial data standardization solution provider Ntropy has formed a partnership with open banking API infrastructure firm Yapily to enhance financial data standardization in the U.K. and across Europe. Through this partnership, Yapily’s customers will gain access to Ntropy’s artificial intelligence (AI)-powered financial data and enrichment API, enabling them to fully leverage the power of open banking data, the companies said in a Tuesday (Sept. 5) press release. Stefano Vaccino, founder and CEO at Yapily, said collaborating with Ntropy to provide high-quality, enriched transaction data will bring “more valuable insights and streamlined financial operations to our open banking customers.”

Ntropy And Yapily Partner To Enhance Financial Data Standardization In Uk, Europe

Ntropy, the industry-leading AI powered financial data standardization and enrichment solution, is excited to announce a strategic partnership with Yapily, the leading open banking API infrastructure provider, to enrich and improve financial information and transaction data for customers across the UK and Europe.This partnership will enable Yapily’s customers to access Ntropy’s cutting-edge financial data and enrichment API to fully leverage the power of the open banking data. Better data means better decisions, reduced manual data entry, improved fraud detection and enhanced credit risk assessment, improving experiences and helping to create better financial products.Yapily customers with lending and credit use cases can use data enrichment to make better credit decisions, using enriched bank transactions to verify self-reported financial data, easily identify merchants and recognise income and revenues more seamlessly.Ntropy has already enriched billions of open banking transactions for fintech lenders, financial operations providers, and digital banks. By partnering with Yapily and leveraging extensive bank coverage, Ntropy is expanding its multi-geo and multilingual enrichment capabilities, enabling Yapily’s customer base across Europe to benefit as Ntropy intensifies its European presence.“We are thrilled to collaborate with Ntropy to provide high-quality, enriched transaction data, bringing more valuable insights and streamlined financial operations to our open banking customers. Together, we continue to enable better financial products and services for all” – Stefano Vaccino, CEO and Founder, Yapily.“Yapily is a true infrastructure player and makes open banking possible across Europe via consent based secure connections. Ntropy was built on the premise that access to data is going to be resolved and what you do with the data is the next big step. Partnering with Yapily we are making this a reality across EMEA unlocking business and consumer data and insights for our mutual customers

Ntropy Partners With Yapily To Elevate Financial Data Standardization And Enrichment Across Europe

This funding will help us deliver on our mission of building intelligence on top of financial data.

We’re excited to announce we’ve raised $11M in Series A funding - Ntropy Blog

Ntropy, a NY-based financial data intelligence platform provider, raised $11M in Series A funding. The round was led by Lakestar with support from existing investors, QED Investors and January Ventures, as well as angel investors including executives from Twilio, Ramp, MoonPay and ComplyAdvantage

Ntropy Raises $11M In Series A Funding

Ntropy, a fintech which manages data for open banking, has raised $3.2m (£2.3m) in seed funding in a round led by QED Investors alongside January Ventures, with angel investors including founders and executives from Ramp, Square and Stripe.

January Ventures invests into Ntropy

Ntropy, a London, UK- and San Francisco, CA-based company removing data barriers to understand financial transactions, raised $3.2M in seed funding. The round was led by QED Investors with participation from January Ventures. The company intends to use the funds to hire key engineering and commercial talent, to support market growth and future product development. […]

Ntropy Raises $3.2M in Seed Funding

Financial data standardization and enrichment API

Ntropy

Financial data standardization and enrichment API

Ntropy

Financial data standardization and enrichment API

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