Artificial Intelligence

Israel based Fintech Fintica Teams Up with UAE-headquartered CEO of Barker and Booth

Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the… Read More

No Code Digital Future: EasySend Raises $16 Million

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

Ocean Protocol Team Introduces Program for Web 3.0 Startups that Will “Unlock” AI and Innovative Data Management Apps

The team at Ocean Protocol, which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have introduced an initiative, called Ocean Shipyard, which is an early-stage program for Web 3.0 focused startups and projects that aim… Read More

AI and Machine Learning Technologies Are On the Rise Globally, with Governments Launching Initiatives to Support Adoption: Report

Kate MacDonald, New Zealand Government Fellow at the World Economic Forum, and Lofred Madzou, Project Lead, AI and Machine Learning at the World Economic Forum have published a report that explains how AI can benefit everyone. According to MacDonald and Madzou, artificial intelligence can improve… Read More

Ocean Protocol Developers to Build Bridge between their Marketplace and Energy Web Decentralized Operating System

The developers of Ocean Protocol, which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, will be creating a “bridge” between the Energy Web Decentralized Operating System (EW-DOS) and Ocean’s data marketplaces. As mentioned in a… Read More

AI and Machine Learning Algorithms are Increasingly being Used to Identify Fraudulent Transactions, Cybersecurity Professional Explains

The retail banking sector has been hit with numerous scams during the past few years. Cybercriminals are now also beginning to increasingly go after much larger corporate accounts by launching sophisticated malware and phishing attacks, according to Beate Zwijnenberg, chief information security officer at ING… Read More

Chinese Offline Shopping Platform Cosmose AI Secures €12.5 Million Through Series A Investment Round Led By Tiga Investment

Cosmose AI, a China-based offline shopping platform, announced on Tuesday it secured €12.5 million through its Series A funding round, which was led by Tiga Investments with participation from OTB Ventures and TDJ Pitango. Founded in 2014, Cosmose AI claims it “harnesses anonymous mobile user… Read More

Binance Alum Fetch.ai, a Blockchain focused AI Firm, Introduces Decentralized Crypto and Commodities Derivatives Exchange

Binance alum Fetch.ai, an established blockchain-focused AI firm launched by former DeepMind investors and developers, has introduced Mettalex, a “decentralized” crypto, and commodities derivatives trading platform. As mentioned in an update shared with Crowdfund Insider: “Working alongside a consortium of steel mills, shipping companies, trading… Read More

Brazil’s Fuse Capital to Allocate Funds to Startups Focused on Big Data, AI, Machine Learning, Credit Card Firm to Assist Wealthy Investors

Fuse Capital, a company established by experienced VCs and business owners based in Rio de Janeiro, Brazil, recently revealed that it’s raising its first overseas fund for investors looking for long-term, but high-risk investment opportunities. Launched in November 2019, Fuse Capital aims to assist Brazilian… Read More

AI and Machine Learning Network Fetch.ai Partners Open-Source Blockchain Protocol Waves to Conduct R&D on DLT

The decentralized finance (DeFi) space is growing rapidly. Oracle protocols like Chainlink, BAND and Gravity have experienced a significant increase in adoption in a cryptocurrency market that’s still highly speculative and plagued by market manipulative and wash trading. Fetch.ai, an open-access machine learning network established… Read More

Modern Proptech, Fintech, AI can Enhance Real Estate Transactions, but Human Contact Is Important, Industry Exec Says

Levent Künzi, co-founder and CEO of Properti, a technology-driven real estate firm focused on modernizing residential real estate in Europe, notes that the COVID-19 crisis has shown us that even large transactions, such as purchasing a property, may be finalized completely in an online or… Read More

Artificial Intelligence in Banking: Hong Kong Academy of Finance Publishes Report on AI and Fintech

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research segment of the Hong Kong Academy of Finance (AoF), has published a on AI and banking. Entitled “Artificial Intelligence in Banking: The Changing Landscape in Compliance and Supervision” the report seeks to provide… Read More

Fintech Giant Ant Group’s Profits Increased 560% Year-Over-Year to an Estimated $1.3 Billion, Dual IPO Listings Forthcoming

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

Uruguay’s Kona, which Enhances Customers’ Banking Experience with AI, Machine Learning, Chatbots, Signs Contract with Canadian Bank

Uruguay’s Kona, a company focused on enhancing customer experience with machine learning (ML) enabled solutions for businesses, which includes chatbots and various cognitive solutions for call centers, has reportedly landed a deal with a major Canadian bank. Established in Montevideo, and now headquartered in Toronto,… Read More

U.S. Fintech Cred.ai Launches AI-Powered Credit Card

Cred.ai, a U.S.-based startup, has launched its new banking platform specifically for millennials, along with its solid metal credit card. The company reported that it has been operating in “stealth” for more than three years to build its platform, which is notably designed to “empower”… Read More

Asian Fintech GoBear to Power Netcore Solutions’ Marketing Automation and Engagement Campaigns

Netcore Solutions, a marketing automation and personalization platform, revealed on August 11, 2020 that it has chosen Asian Fintech firm GoBear to power its multi-channel marketing automation and engagement campaigns. GoBear will help Netcore with ensuring customer retention, according to a release. Established in 2014,… Read More

OneConnect Joins Forces With Swiss Re to Co-Develop Digital End-to-End solution for Motor Claims Handling for European Market

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant Ping An Group, announced earlier this week it has joined forces with Swiss Reinsurance Company Ltd. (Swiss Re) to co-develop a digital end-to-end solution for motor claims handling for the European market, based… Read More

Machine Learning, a Specific AI Application, Poses Challenges for Market Surveillance, but Might Help Identify Manipulative Activities: Report

Machine learning (ML) is increasingly being used in trading in order to help investors with improving their decision-making and trade execution strategies. However, ML poses various challenges when it comes to capital markets surveillance, but its proponents argue that the technology serves a useful purpose…. Read More

UK Fintech Wiserfunding to Introduce AI enhanced Cloud based Credit Risk Assessment Tools in India

UK based Fintech firm Wiserfunding is expanding its operations into markets in India. The company is introducing its AI enhanced, cloud-powered credit risk assessment tool for SMEs. Wiserfunding’s entry into Indian markets has come at a time when small businesses across the nation are struggling… Read More

Canadian Fintech Pascal Financial Partners Agora Dealer Services to Develop Wealthtech Solution for Mutual Fund Dealers, Advisors

Agora Dealer Services, a digital technology-focused Carrying Dealer that specializes in supporting mutual fund dealers and independent financial advisors, and Pascal Financial, a Canadian Fintech firm with an integrated, AI-enhanced wealth management platform with active behavioral finance, announced on July 29, 2020 that they’re developing… Read More

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