Artificial Intelligence

September 20, 2021 @ 8:37 pm By Omar Faridi  |  

A report from national non-profit Commonwealth notes that “powerful” emerging technologies (Emtech) have the “unprecedented” potential to “shape the future of people’s financial lives, often in ways that will be with us for decades or longer.” According to the Commonweatlh report, Emtech like Big Data-powered… Read More

September 20, 2021 @ 6:10 pm By Omar Faridi  |  

Insurtech firm Concirrus has introduced its next-gen platform for the (Internet of Things) IoT-enabled insurance sector. This new modular tech offering, which aims to leverage Concirrus’ extensive investment expertise and experience of working within the insurance market, will “allow insurers to accelerate their transition to… Read More

September 17, 2021 @ 12:45 pm By Omar Faridi  |  

Veriff, an international ID verification solution provider, reveals that it has joined the Visa Fintech Partner Connect program to offer Fintech companies and traditional issuers with an automated, AI-enhanced identity verification solution. By taking part in the program, Veriff will be providing a seamless identity… Read More

September 17, 2021 @ 10:39 am By JD Alois  |  

AI startup Upstage has raised $27 million in a Series A funding round led by SoftBank Ventures Asia and Company K Partners. Other investors include TBT Partners, Premier Partners, Stonebridge Ventures, and Primer Sazze Fund. Korea-based Upstage is a firm that develops technologies designed to… Read More

September 16, 2021 @ 7:54 am By Omar Faridi  |  

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More

September 13, 2021 @ 6:19 pm By JD Alois  |  

Making certain a person or business is actually who or what they claim to be is very important. In a world that has migrated to virtual offices and digital meetings, the task of validation is an even greater necessity. AsiaVerify is a Regtech firm based… Read More

September 11, 2021 @ 8:41 am By Omar Faridi  |  

At Mendix World 2021, a virtual assembly of low-coders, Mendix, a Siemens business and industry leader in low-code app development for the enterprise, reveal their “robust” platform enhancements that will “accelerate delivery of high-value solutions for the digital-first economy,” according to an update shared with… Read More

September 7, 2021 @ 8:07 pm By Omar Faridi  |  

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

September 6, 2021 @ 11:04 pm By Omar Faridi  |  

Financial Regtech service provider CUBE has entered a new partnership with Sionic, the international consulting company. As first reported by Finextra, CUBE and Sionic plan to ensure regulatory compliance, by leveraging CUBE’s AI-enhanced regulatory data inventory and Sionic’s applied expertise in financial compliance. Financial institutions… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

September 4, 2021 @ 12:15 pm By Omar Faridi  |  

Axyon AI, an AI provider for the asset management sector, has appointed Luigi Conti to serve as an independent board member. Axyon AI offers deep learning solutions that assist fund managers with providing more efficient and innovative investment services. The firm, which includes UniCredit S.p.A…. Read More

September 3, 2021 @ 12:17 pm By Omar Faridi  |  

The team at IHS Markit reveals that they’ve teamed up with Fintech Studios to offer market intelligence, research and analytics as part of thinkFolio, their multi-asset investment management solution. Fintech Studios’ Apollo.ai makes use of an artificial intelligence engine to curate content that may be… Read More

September 3, 2021 @ 8:51 am By Omar Faridi  |  

Hawk AI, Germany’s software provider of Transaction Monitoring for banking institutions, payment companies and Fintech firms, reveals that it has teamed up with Moss, a Berlin-headquartered expense and financial platform for comprehensive management of card payments, worker expenses, and invoices. Through the partnership, Hawk AI’s… Read More

September 2, 2021 @ 6:55 pm By Omar Faridi  |  

Databricks, the data and AI firm, reveals that it has completed a $1.6 billion round in order to promote the innovation and adoption of the data lakehouse, as the data architecture’s utilization across data-oriented organizations keeps growing rapidly. The Series H investment round in Databricks… Read More

August 24, 2021 @ 10:44 pm By Omar Faridi  |  

Global AI-enhanced credit decision platform provider, Scienaptic AI, has revealed that Cooperative Teachers Credit Union (CTCU) has chosen its AI-based platform, allowing the credit union to make “stronger, faster” credit decisions and provide improved financial options for its members. As noted by Scienaptic AI‘s developers:… Read More

August 23, 2021 @ 11:47 pm By Omar Faridi  |  

Overbond and IPC have announced a new partnership focused on accelerating the automation of fixed-income trading with voice-to-AI technology. Overbond is teaming up with IPC, a provider of secure, compliant communications and multi-Cloud connectivity services for the international financial markets, in order to integrate IPC’s… Read More

August 23, 2021 @ 5:47 pm By Omar Faridi  |  

Ojamu, which aims to bring AI-enhanced MarTech (marketing technology) to the blockchain by harnessing the power of DLT and NFTs, says it wants to help with “predicting” the “most effective” digital marketing strategy for major brands. Founded in 2019, Singapore-based Ojamu notes that they plan… Read More

August 12, 2021 @ 8:15 am By Omar Faridi  |  

The team at Tel Aviv-based Shield, an established Regtech firm, reveals that they’re introducing their powerful Alert Transparency capabilities, bringing “unmatched” understanding to compliance alerts and triggers via AI, Natural Language Processing (NLP), and various other backend technologies. As regulatory authorities throughout the world aim… Read More

August 11, 2021 @ 2:20 pm By Priyanka Pani  |  

The UK government plans to create a digital identity trust framework using modern technology to make verification faster and easier for its citizens. The government had first published the trust framework in February this year.  The UK government has created the framework by conducting extensive online surveys,… Read More

August 10, 2021 @ 10:23 pm By Omar Faridi  |  

Facteus, a provider of technology and services to access actionable insights within sensitive data, reveals that it’s now part of the Snowflake Partner Network, mainly focusing on supporting financial services organizations to securely access the scale, speed, and data services (available via the Snowflake Data… Read More