Artificial Intelligence

April 30, 2024 @ 8:38 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest corporate holder of bitcoin and the largest independent publicly-traded business intelligence company, announced financial results for the three-month period ended March 31, 2024 (the first quarter of its 2024 fiscal year). While Bitcoin is off… Read More

April 29, 2024 @ 7:31 am By Omar Faridi  |  

Mollie, which claims to be one of Europe’s fastest growing financial service providers, today published its 2023 financial results. In 2023, Mollie posted “a net revenue of €99 million, a growth of 36 percent compared to 2022.” This is due in part to attracting new… Read More

April 28, 2024 @ 11:17 pm By Omar Faridi  |  

Powering embedded banking/BaaS, The Bank of London launches TBOL AI code assistant enabling rapid integration with banking APIs. The Bank of London officially introduces the TBOL Artificial Intelligence code assistant, using generative AI capabilities powering clients and developers “to build at speed, applications, products and services via The Bank… Read More

April 28, 2024 @ 9:54 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), introduces Prime Tech with Cowbell Co-Pilot, Cowbell’s artificial intelligence (AI) solution for efficient underwriting. Prime Tech is Cowbell’s adaptive cyber insurance offering “that combines flagship Prime 250 cyber risk insurance with Technology Errors… Read More

April 28, 2024 @ 9:52 am By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, announced results for its 2024 fiscal year, delivering a strong combination of revenue growth acceleration and positive free cash flow margins. Business expansion was highlighted by “the expansion of Feedzai’s behavioral biometrics business, which grew… Read More

April 25, 2024 @ 4:13 pm By Omar Faridi  |  

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of Artificial Intelligence (AI) innovation across the Zilch proposition. Zilch will continue to use AWS AI and ML services “to transform… Read More

April 24, 2024 @ 9:27 am By JD Alois  |  

PeppercornAI has raised £3.25 million in a funding round aided by the participation of Wealth Club, which invested £1.9 million in the Insurtech firm. The funding included high-net-worth investors and existing investors EHE Capital and Angels Invest Wales. Wealth Club offers sophisticated investors investment opportunities typically… Read More

April 23, 2024 @ 9:44 pm By Omar Faridi  |  

VC activity has remained consistent throughout the VC downturn since Q3 2022, “leaving aside the tech giant megadeals that commit upfront funds for future cloud purchases,” according to an update from PitchBook. PitchBook notes in a report that they have “tracked $22.3 billion invested in… Read More

April 22, 2024 @ 10:03 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched its next generation Document Verification (DocV) solution, purpose-built “to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly… Read More

April 22, 2024 @ 8:23 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, and Milkywire, an environmental impact platform, have launched a new fund to open to tech and finance companies which want to invest directly in impactful projects to contribute to global biodiversity targets but don’t know where… Read More

April 21, 2024 @ 4:30 am By Omar Faridi  |  

ISDA has released a whitepaper from ISDA Future Leaders in Derivatives (IFLD), its professional development program for emerging professionals in the derivatives market. The whitepaper, GenAI in the Derivatives Market: a Future Perspective, was reportedly “developed by the third cohort of IFLD participants, who began… Read More

April 20, 2024 @ 11:21 am By Omar Faridi  |  

Mulberri, an AI-driven insurance platform, announced it has partnered with Acronis, a global leader in cyber protection, to embed Mulberri’s Cyber Insurance to Acronis small & medium-sized businesses customers based in the US. Through this partnership, Acronis customers can “opt-in for Mulberri’s embedded Cyber Insurance… Read More

April 19, 2024 @ 11:06 am By Omar Faridi  |  

Cognizant (NASDAQ: CTSH) announced a planned collaboration with FICO (NYSE: FICO),  a analytics software company, to launch a cloud-based real-time payment fraud prevention solution powered by FICO Falcon Fraud Manager. The joint offering would leverage both firms’ artificial intelligence (AI) and machine learning (ML) technology… Read More

April 18, 2024 @ 8:20 am By Omar Faridi  |  

With the UK rethinking its approach to AI legislation, Scott Dawson, Head of Strategic Partnerships at DECTA, an end-to-end payments solutions provider, has shared insights focused on examining what a divergence in the UK and the EU’s legislative approach in AI could mean. Scott Dawson,… Read More

April 17, 2024 @ 6:11 pm By Omar Faridi  |  

Bridgewise, the AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The investment round was reportedly “led by SIX Group with participation from Group11, L4 Venture Builder, and other global… Read More

April 17, 2024 @ 10:53 am By Omar Faridi  |  

Deloitte announced the expansion of its global Generative AI (GenAI) incubator network to include regional hubs in the US, Canada, India, Egypt, Malaysia, Poland, Portugal and Romania—allowing clients to experiment and innovate with GenAI technology, and to develop, deploy, and scale solutions in their local… Read More

April 16, 2024 @ 8:34 am By Omar Faridi  |  

PineGap.ai is reporting a $2.5 million seed funding round that is said to have been led by Silicon Valley Quad (SVQ) (BV Jagadeesh), Inventus Capital Partners (Manu Rekhi) with participation from DeVC (Aakash Kumar , Divyanshi Chowdhary). Notable Silicon Valley serial entrepreneurs and investors: Mohit… Read More

April 16, 2024 @ 7:37 am By JD Alois  |  

Online investment platform Seedrs has announced a new partnership with Microsoft (NASDAQ:MSFT) to launch “SERIES A,” an AI-focused accelerator. The accelerator is said to be open to all Seed and Series A firms. Seedrs described the partnership as “an industry first that will help supercharge… Read More

April 15, 2024 @ 7:58 pm By Omar Faridi  |  

CBInsights has explored an emerging set of technologies including cybersecurity and Fintech-focused solutions impacting automotive R&D, manufacturing, sales, vehicle use, and the aftermarket. As noted in the CBInsights report, advancements in AI are “changing the way automakers design, build, sell, and repair vehicles.” Large language… Read More