Artificial Intelligence

March 16, 2025 @ 10:05 pm By Michael Wong  |  

Baidu Inc launched its latest artificial intelligence models, ERNIE 4.5 and ERNIE X1, making them freely accessible to individual users ahead of schedule as part of its broader push to expand AI adoption. ERNIE 4.5, Baidu’s latest foundation model, features multimodal capabilities with improved language… Read More

March 16, 2025 @ 6:31 pm By Omar Faridi  |  

Capco, the global management and technology consultancy, announced a collaboration with OpenAI, the maker of ChatGPT and frontier AI models such as GPT-4o, GPT-4.5, OpenAI o1 and o3 mini, to accelerate AI’s transformative impact at the world’s financial institutions. This collaboration combines OpenAI’s innovations with… Read More

March 15, 2025 @ 3:50 pm By Michael Wong  |  

Disputed.ai, an artificial intelligence-driven chargeback management platform for enterprise merchants, has raised $1.12 million in seed funding to expand its automated dispute resolution technology. The funding will support the company’s efforts to refine its AI-driven platform and scale operations as it targets industries with high… Read More

March 14, 2025 @ 5:10 pm By JD Alois  |  

Artificial intelligence or AI is the new hotness as everyone rushes to get a piece of the action. While more and more firms are leveraging the technology, AI remains in its infancy, with predictions of greatness still largely unrealized. This is not the only time… Read More

March 14, 2025 @ 3:26 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, banking solutions, announced that Československá obchodní banka (ČSOB), a subsidiary of KBC Bank NV, and one of the top 30 banks in Europe, has chosen the nCino Platform to digitize and streamline its Commercial and SME Lending… Read More

March 14, 2025 @ 2:18 pm By Omar Faridi  |  

The mortgage industry, traditionally burdening professionals with excessive paperwork, outdated manual processes, and sometimes error-prone human decision-making, is undergoing a major transformation due the emergence of advanced AI algorithms and other innovative technologies. Artificial Intelligence (AI) is emerging as a useful tool, aiming to streamline… Read More

March 12, 2025 @ 9:24 am By Tony Zerucha  |  

While the cryptocurrency industry is experiencing growing pains (with many self-induced), Flipster head of product Youngsun Shin said that is expected for a new sector. However, he does have solutions for many of its problems. Flipster is a cryptocurrency trading platform that offers high-speed, secure,… Read More

March 12, 2025 @ 8:12 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is stepping up efforts to address the relatively slow adoption of artificial intelligence (AI) in the banking sector, citing concerns that overly aggressive regulatory requirements may be stifling innovation. In a move to tackle this pressing issue, the FCA… Read More

March 11, 2025 @ 2:55 pm By Omar Faridi  |  

Regtech Sumsub has introduced the latest update in case management and AI-driven AML screening to help compliance teams boost efficiency, reduce manual work, and tackle the challenge of “false positive matches.” This new suite of features reportedly ensures “faster case resolution, seamless team collaboration, and… Read More

March 11, 2025 @ 9:37 am By JD Alois  |  

AI-enhanced cybersecurity firm Sola Security has announced a $30 million seed round as it emerges from stealth mode. The funding was led by S Capital, with other investors participating, including S32, Glilot Capital Partners, and individual angels. Sola was Founded in 2024 by Guy Flechter, the former… Read More

March 10, 2025 @ 10:20 pm By Omar Faridi  |  

Turing has announced that it recently secured $111 million in Series E funding to power AGI infrastructure, reinforcing its role in advancing frontier AI research and real-world applications. This latest round values Turing at “$2.2 billion and brings total funding to $225 million since its… Read More

March 10, 2025 @ 10:15 pm By Omar Faridi  |  

SoSafe’s 2024 research report, based on key insights from 500 global security professionals and 100 customers across 10 different countries, reveals a fast-evolving cybersecurity landscape that poses major challenges for individual and organizations. A considerable 87% of respondents encountered AI-driven cyberattacks last year, underscoring the… Read More

March 10, 2025 @ 5:57 pm By JD Alois  |  

Anti-fraud platform Alloy says it has added artificial intelligence to its platform to improve fraud prevention while providing actionable information to financial services firms. Founded in 2015, Alloy reports providing services to more than 600 of the world’s largest financial institutions, including Fintechs. Alloy claims… Read More

March 10, 2025 @ 8:53 am By Omar Faridi  |  

DeFi Technologies Inc, a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce that it has increased its stake in Neuronomics AG, a Swiss asset management firm “specializing in artificial intelligence and… Read More

March 9, 2025 @ 6:40 pm By Omar Faridi  |  

Socure, the AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, announced the launch of its Identity Manipulation Risk Score, the cross-industry predictive risk score designed to stop repeat first-party fraud abusers from “exploiting the digital economy at scale.” This AI-powered capability is… Read More

March 9, 2025 @ 5:13 pm By Omar Faridi  |  

authID (Nasdaq: AUID), a provider of biometric identity verification and authentication solutions, released an extensive new whitepaper detailing innovative approaches to combat the rising threat of deepfakes related fraud in digital authentication systems. The whitepaper, titled “Deepfake Countermeasures,” provides insights into deepfakes as the next… Read More

March 8, 2025 @ 4:10 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced that Accenture Ventures has invested in Aaru, creators of the AI-powered prediction engine that simulates consumer behavior and preferences, driving “stronger” customer experiences, new growth opportunities as well as “speed-to-market.” As part of this collab, Accenture Song reportedly intends to integrate… Read More

March 7, 2025 @ 9:08 am By Omar Faridi  |  

The EY organization announces the launch of new artificial intelligence (AI) capabilities to its EY Blockchain Analyzer: Smart Contract and Token Review (SC&TR) tool. The SC&TR tool is designed to help enhance “vulnerability detection in smart contracts through greater code coverage and streamline the contract… Read More

March 7, 2025 @ 8:22 am By JD Alois  |  

  Multiple High Street banks recently experienced App outages impacting customer usage of their services. Making matters worse, the Parliament Treasury Committee issued a report sharing that: “Nine of the top banks and building societies operating in the UK accumulated at least 803 hours, the… Read More

March 6, 2025 @ 2:07 pm By JD Alois  |  

Shield AI is reporting a $240 million funding round at a pre-money valuation of $5.3 billion. Investors include L3Harris (NYSE: LHX), Hanwha Aerospace (KRX: 012450), as well as participation from existing investors including Andreessen Horowitz, U.S. Innovative Technology, and Washington Harbour. The company said that… Read More