Artificial Intelligence

October 13, 2024 @ 6:17 pm By Tony Zerucha  |  

If financial services companies want to derive value from artificial intelligence (AI), they must define clear use cases and prepare for what’s coming. Asher Lohman helps them do that. Lohman is the vice president of data analytics for Trace3, an integrator, and reseller of enterprise… Read More

October 13, 2024 @ 2:25 pm By Michael Wong  |  

Bahrain Fintech Bay (BFB), a financial technology hub, announced the establishment of the MENA Innovation Academy (MENA-IA) to enhance Fintech expertise and career readiness across the Middle East and North Africa region. The academy is launched in partnership with Reboot Coding Institute (Reboot01), an academic… Read More

October 10, 2024 @ 9:52 am By Michael Wong  |  

American artificial intelligence (AI) company OpenAI announced its expansion into Singapore, confirming plans to open a regional office later this year. This move underscores Singapore’s prominent role in technology and AI, as well as the increasing demand for advanced AI tools across the Asia Pacific… Read More

October 10, 2024 @ 8:56 am By Michael Wong  |  

Lendbuzz, an AI-powered Fintech company that enhances consumer access to credit for vehicle purchases, has completed a $262 million securitization, identified as LBZZ 2024-3. The transaction is collateralized by a pool of auto loans made to consumers, secured by new and used automobiles, light-duty trucks,… Read More

October 7, 2024 @ 9:23 am By Tony Zerucha  |  

EXL [NASDAQ: EXLS], a data analytics and digital operations and solutions company, has launched EXL Insurance LLM, an industry-specific large language model. Building on EXL’s recently announced initiative with NVIDIA AI Enterprise, the EXL Insurance LLM is an industry-specific LLM created to support critical claims and underwriting-related… Read More

October 4, 2024 @ 8:40 pm By Omar Faridi  |  

The team at CBInsights has released their latest State of Venture Q3’24 report. As noted in the research report from CBInsights, AI startups have managed to acquire 1 in 3 VC dollars. The research study released by CBInsights pointed out that Silicon Valley is becoming… Read More

October 4, 2024 @ 8:40 am By Omar Faridi  |  

Online marketplaces are now considered to be a “prime” target for fraudsters, according to an extensive report shared by Juniper Research. Juniper Research explained that this is because there are different ways of gaining access to sensitive information that is stored online for digital commerce… Read More

October 3, 2024 @ 3:37 am By Omar Faridi  |  

Germany based companies are reportedly relying increasingly on generative AI as a performance driver. This, according to a research study shared by KPMG. The results of the KPMG study “Performance Improvement Strategy” highlight significant adoption of AI across businesses. More intense competition, difficult financing conditions… Read More

October 2, 2024 @ 7:53 am By Omar Faridi  |  

LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, releases a report, The Future of Wealth: Why Consistency Matters, highlighting the impact of Artificial Intelligence (AI) in wealth management. AI continues to transform the wealth management sector with 62% of wealth… Read More

September 30, 2024 @ 10:45 am By Omar Faridi  |  

BUSINESSNEXT, a global enabler of composable enterprise solutions for financial services, has partnered with MongoDB to support autonomous operations enhanced with predictive and generative AI for banking as well as insurance. Headquartered in New York, MongoDB enables industry participants to create, transform, and enhance various… Read More

September 30, 2024 @ 9:10 am By Tony Zerucha  |  

Twill founder and CEO Michael Wright is using his payments background and technological breakthroughs to bring the benefits of AI [artificial intelligence] and data analytics, previously only available to large companies and small- and medium-sized businesses. By consolidating data and providing enhanced analytics, Twill will… Read More

September 28, 2024 @ 10:43 am By Omar Faridi  |  

New World ID has reportedly launched now in Guatemala, Malaysia and Poland come at pivotal moment for AI. As explained in a blog post by WorldCoin, World ID orb verifications have been officially introduced across three new countries this week: Guatemala, Malaysia and Poland. The… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 21, 2024 @ 11:28 am By Omar Faridi  |  

Fathom, the AI-powered meeting intelligence platform that enables teams to have more productive conversations, announced it has raised $17 million in Series A funding led by Telescope Partners. Fathom’s seed investors reportedly include Maven Ventures, Character, Active Capital and Rackhouse Ventures. The company also reserved… Read More

September 20, 2024 @ 2:59 pm By Omar Faridi  |  

The continued disruption around the world has put most of the Sustainable Development Goals (SDGs) out of reach, with only 17% of set targets currently on track to meet the 2030 deadline. Concurrently, the emergence of generative AI is “reshaping the world of business, with… Read More

September 20, 2024 @ 9:57 am By Omar Faridi  |  

UK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG’s CEO Outlook survey. KPMG surveyed more than 1,300 CEOs around the… Read More

September 19, 2024 @ 8:59 am By Omar Faridi  |  

Orb, the modern billing platform reimagining how businesses monetize software, today announced $25M in Series B funding led by Mayfield, with participation “from existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures and new investor Uncorrelated Ventures.” The new round brings… Read More

September 19, 2024 @ 8:54 am By Omar Faridi  |  

BlueFlame AI, a provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, announced the launch of Nexus. The innovative AI-powered solution is designed to transform the way firms “find, analyze, and report on the unstructured data contained within their various… Read More

September 16, 2024 @ 11:43 am By Omar Faridi  |  

The Spanish entrepreneurial ecosystem is experiencing significant growth in the adoption and development of advanced technologies, with a particular “focus on software platforms, artificial intelligence (AI) and analytics.” This is the key takeaway from the fifth edition of the research study ‘Analysis of a next… Read More

September 16, 2024 @ 11:37 am By JD Alois  |  

Propy is a Proptech that aims to provide “self-driving transactions for agents, home buyers, and sellers.” Propy leverages blockchain technology and artificial intelligence (AI) to power its platform. Founded by CEO Natalia Karayaneva, the entrepreneur aims to put real estate assets on-chain. In a company statement,… Read More