Artificial Intelligence

July 24, 2024 @ 11:00 am By Omar Faridi  |  

  We recently connected with Kelvin Tan, CEO of audax, a corporate venture backed by Standard Chartered Bank. Before transitioning to a full-time career as an entrepreneur, Kelvin held multiple roles at Standard Chartered Bank — from Transaction Banking to Retail Products and Payments to… Read More

July 23, 2024 @ 5:37 am By Omar Faridi  |  

Global Relay, the provider of communications compliance solutions for regulated industries, announces its integration between OpenAI’s ChatGPT Enterprise Compliance API and Global Relay’s financial compliance platform. The new compliance capabilities launched by OpenAI in conjunction “with Global Relay’s platform will help customers use OpenAI’s Enterprise… Read More

July 21, 2024 @ 10:02 pm By Tony Zerucha  |  

april, an AI-powered tax-filing product built to be embedded with financial services providers, this week appointed Raj R. Doshi as its president and chief operating officer. Doshi brings more than 20 years of experience with organizations including Google, TaxAct and Avantax. Doshi’s focus will be… Read More

July 21, 2024 @ 2:30 pm By Tony Zerucha  |  

Fraudulent transactions in the first half of 2024 were up more than 73% year over year, and suspected fraudulent transactions increased by more than 84%, according to the 2024 Mid-Year Identity Fraud Review, released this week by AuthenticID, a provider of identity verification and fraud… Read More

July 21, 2024 @ 8:11 am By Omar Faridi  |  

It is now possible to pick up a packet of flour or a bottle of wine around the clock – including weekends – in the village of Freckenfeld (Rhineland-Palatinate, Germany). The local village store had been closed since May 2023 and was recently reopened with… Read More

July 19, 2024 @ 12:03 pm By Michael Wong  |  

New Frontier Funding, a company that uses generative AI to assist small and medium-sized businesses (SMBs) in securing credit and debt funding, has closed a substantial round of growth capital from the Homsher Family Office. The financial terms of the transaction were not disclosed. This… Read More

July 18, 2024 @ 4:28 pm By JD Alois  |  

The House Financial Services Committee has revealed a report on Artificial Intelligence (AI). The staff report comes from the Committee’s bipartisan Working Group on AI. The report is being released in advance of a Committee hearing next week entitled “AI Innovation Explored: Insights into AI… Read More

July 18, 2024 @ 4:02 pm By JD Alois  |  

Online investment platform OurCrowd has invested in CytoReason as part of an $80 million funding round. OurCrowd joined a group of big names in supporting the firm as NVIDIA, Pfizer, and Thermo Fisher all participated in the funding round. Bank Hapoalim was said to have… Read More

July 16, 2024 @ 3:40 pm By JD Alois  |  

The House Financial Services Committee has scheduled a hearing entitled “AI Innovation Explored: Insights into AI Applications in Financial Services and Housing.” The hearing, which is for the full committee, will take place on Tuesday, July 23rd. The Hearing may reflect the recent position paper… Read More

July 16, 2024 @ 11:00 am By JD Alois  |  

Mira, a decentralized infrastructure platform focused on artificial intelligence (AI), is reporting receiving $9 million in seed funding. According to a release, BITKRAFT Ventures and Framework Ventures led the funding round. Other investors include Accel, Crucible, Folius Ventures, Mechanism Capital, SALT Fund, and angel investors…. Read More

July 15, 2024 @ 4:39 pm By Tony Zerucha  |  

SKROL emerged from stealth this week with a $1.2 million pre-seed funding round led by David Rosskamp’s Magnetic Capital, a venture fund that was an early investor in Cassau’s previous startup, Grover. SKROL utilizes artificial intelligence (AI) to assist with acquiring and transforming SMBs, including… Read More

July 15, 2024 @ 7:53 am By Omar Faridi  |  

Quantexa, the global enabler of Decision Intelligence (DI) solutions for the public and private sectors announced that its Decision Intelligence Platform will be adopted by the University of Liverpool’s Civic Health Innovation Labs (CHIL) and Mersey Care NHS Foundation Trust, one of the largest trusts… Read More

July 14, 2024 @ 12:21 pm By Omar Faridi  |  

Bridgewise, a financial research intelligence platform for global securities, has revealed a new fund analysis solution that aims to provide deeper levels of detail into funds and their underlying assets. Powered by AI, including machine learning and advanced language models, Bridgewise will enable deep analysis… Read More

July 12, 2024 @ 5:40 pm By Omar Faridi  |  

    James Toledano, Chief Operating Officer at Savl, a self-custodial crypto and Web3 wallet that combines encryption, unique functionality, and intuitive design, has recently commented on key crypto / digital assets industry insights in a discussion with Crowdfund Insider. James Toledano from Savl has… Read More

July 8, 2024 @ 6:18 pm By JD Alois  |  

Beyond some of the most vocal policies currently being promoted by former President Donald Trump, the 2024 GOP platform promises to “Make America Great Again” while supporting innovation in the US. As part of the innovation initiative, crypto gets a shout-out—something diametrically opposed to the… Read More

July 7, 2024 @ 4:58 pm By Omar Faridi  |  

Nik Storonsky, the CEO of Revolut, has spent the last ten years focused on disrupting the traditional banking / financial services sector with various innovations. The Fintech billionaire and ex- Lehman Brothers trader is now looking to enhance the existing venture capital space. Storonsky has… Read More

July 5, 2024 @ 10:06 am By JD Alois  |  

As the Tories lick their wounds after a historic defeat in the polls, we wonder what Labour’s rise will mean for the vital Fintech industry and tech in general. While incoming Prime Minister Keir Starmer has published a hundred-day plan, it is not yet apparent… Read More

July 4, 2024 @ 4:28 pm By Omar Faridi  |  

CBInsights has released the State of Venture Q2’24 Report CB Insights notes that you may review the latest investment data to make more well-informed decisions. According to the update from CBInsights, AI startups steal the show, “grabbing nearly a third of all funding, while the… Read More

July 4, 2024 @ 10:25 am By Omar Faridi  |  

Gupshup, the Conversation Cloud, announced its partnership with Tonik Bank, the digital-only neobank in the Philippines, to develop a Generative AI chatbot for Tonik’s mobile app. The solution aims to provide Tonik’s customers “with instant and accurate answers to frequently asked questions, improving the way… Read More

July 2, 2024 @ 8:59 am By Omar Faridi  |  

Robinhood (NASDAQ: HOOD) has revealed the acquisition of Pluto Capital Inc., described as an artificial intelligence (AI) powered investment research platform that delivers “highly-customized” investment strategies based on customer needs and financial goals. With this strategic acquisition, investors may anticipate “a new era of intelligent, data-driven… Read More