Artificial Intelligence

AI enhanced Lending Software from Zest AI Chosen by Blue Federal Credit Union

Zest AI, a key provider of software for AI-driven lending, has announced that Blue Federal Credit Union has selected Zest in order to help it deliver faster and more accurate loan decisions “across the credit union’s auto, credit card, and personal loan portfolios.” As mentioned… Read More

Digital Documentation Specialist Arteria AI to Acquire Financial Services Business Assets of H4

Enterprise digital documentation specialist Arteria AI has reportedly agreed to acquire the financial services business assets of H4, which is a contract lifecycle management platform. As noted by its management, Arteria AI builds data-centric end-to-end Contract Lifecycle Management solutions powered by AI. Their flagship platform… Read More

Accounts Receivables Platform, Credit Clear, to Leverage Sisense, an AI enhanced Analytics Solution Provider

Credit Clear, the tech platform that streamlines account receivables, has revealed that it will be leveraging Sisense, the AI-powered platform for infusing analytics, in order to harness the power of data to enhance its product offering. The Coronavirus crisis has led to a considerable rise… Read More

France’s Societe Generale to Leverage Data and AI to Help with Digital Transformation Strategy

Paris-based Société Générale S.A. (GLE.PA), a French multinational investment bank and financial services company with around €1.3 trillion in assets, says it is putting its trust in data and AI in order to help the organization with transitioning into the digital age. As the institution… Read More

AI: Cybersecurity Firm DarkTrace Reveals “Major” Conract with US Firm

DarkTrace (DARK.L), a cybersecurity firm that leverages artificial intelligence (AI), has announced a “major contract” with an unnamed firm. According to a statement by DarkTrace, it is now providing services to a US-based entity that is one of the world’s largest investment management firms. “The… Read More

Eigen Technologies, an Intelligent Document Processing Provider, Teams Up with NetDocuments

Eigen Technologies, the international intelligent document processing (IDP) provider, and NetDocuments, the Cloud content management platform where legal professionals do work, have entered a new partnership, and developed a tech integration connecting the platforms. Shared and new clients have “already taken advantage of the new… Read More

AI enhanced Credit Decision Solution Provider, Scienaptic AI, Reveals that Federal Credit Union Will Leverage its Platform

Global AI-enhanced credit decision platform provider, Scienaptic AI reveals that Tower Federal Credit Union has chosen its AI-enabled platform. The implementation should equip the credit union with improved underwriting capabilities in order to “make stronger, faster credit decisions and strengthen financial options for its members.”… Read More

London based ABAKA Finalizes Second Tranche of its Series A Investment Round

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA‘s management noted that the proceeds will… Read More

European Banking Authority Releases Machine Learning Discussion Paper

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

TruEra, Demyst Celebrate Award Win at Singapore Fintech Festival, Finish in Top 3

Artificial intelligence solutions company TruEra this week announced that it, along with its data partner Demyst, is one of the three winners of the Global Veritas Challenge 2021 at the Singapore Fintech Festival. The winning solution competed in the credit scoring and credit profiling category,… Read More

Staircase AI Secures $4M via Seed Round to Develop B2B Relationship Intelligence Platform

Staircase AI, a pioneer in relationship intelligence, has confirmed the completion of its $4 million seed round. The firm acquired funding from StageOne Ventures, a VC fund that’s focused on addressing major enterprise challenges, and Disruptive AI, an early-stage VC that specializes in artificial intelligence…. Read More

dLocal, a Payments Platform Connecting Consumers in Emerging Markets, Introduces Risk Management Features

dLocal, a tech-first payments platform that enables enterprise merchants to connect with  consumers in emerging markets, has introduced its latest developments for risk management. The first product in the stack is Smart Defense, which is described as an advanced, custom-built solution that combats fraud by… Read More

Insurtech: AI enhanced Platform Arturo Joins Amazon Web Services Partner Network

Arturo, an artificial intelligence-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, announced that it has joined the Amazon Web Services (AWS) Partner Network (APN). By joining the APN, Arturo becomes part of the international community of Partners that are… Read More

Fintech Mortgage Lender Button Finance Finalizes $2M Seed Round

Button Finance, Inc., a Fintech mortgage lender focused on home equity, announced that it has finalized a $2 million seed round. The proceeds should allow Button Finance to recruit talent and to further develop its proprietary technology. Entities advised by Hildene Capital Management, LLC participated… Read More

AI Spend Management Platform Yokoy Raises $26 Million Series A

Yokoy, a firm that provides an AI-based spend management service for midsize and enterprise companies, has raised $26 million in a Series A round, according to a note from the company. The funding round was led by Left Lane Capital, with participation from Balderton Capital…. Read More

Resistance AI, an SaaS enabled AI and Machine Learning Security Firm, Finalizes $16.6M Series A

Resistant AI, a software-as-a-service (SaaS)-enabled AI and machine learning security firm that aims to protect automated financial systems from manipulation, fraudulent activities and financial crime, has acquired $16.6 million in capital via a Series A round. GV (previously Google Ventures) has reportedly led Resistance AI’s… Read More

Jumio, Provider of AI enhanced ID Verification, Digital KYC, AML, Reports Solid Q3 Results

Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,… Read More

400 Emerging Technologies or EmTech Scholarships to be Offered by Santander and MIT Professional Education

Banco Santander (NYSE: SAN) (via Santander Universities) and MIT Professional Education are providing 400 “Santander Tech | Emerging Technologies Program by MIT Professional Education” scholarships “geared at courses related to in-demand technologies such as blockchain, AI, and cybersecurity in a job market dominated by digitalization… Read More

House Task Force on Artificial Intelligence to Hold Hearing on Ethics

On Wednesday, October 13, the House Committee on Financial Services, Task Force on Artificial Intelligence (AI) will hold a hearing to discuss ethics and AI. According to the hearing memo, in financial services, AI systems often tackle complex problems including credit underwriting, customer service, cybersecurity… Read More

Bank of America Introduces Virtual Reality Training Program in Almost 4,300 Financial Centers

Bank of America (NYSE: BAC) is reportedly the first financial services company to introduce virtual reality (VR) training in almost 4,300 financial centers nationwide. As mentioned in a release, this training tech will allow around 50,000 workers to practice “a range of routine to complex… Read More

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