Artificial Intelligence

August 21, 2022 @ 4:42 pm By Omar Faridi  |  

Owlin, the AI-based news analytics platform, and ApeVue, which claims to be the global leader in market-based pricing data for private stocks, announced they will offer select insights “across both of their data platforms to better service private capital markets customers.” ApeVue’s mission is “to… Read More

August 19, 2022 @ 3:47 pm By Omar Faridi  |  

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, announced it has partnered with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace, “to offer AI-powered personal loans nationwide.” Charles… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 7, 2022 @ 11:07 pm By Omar Faridi  |  

IDnow, a European identity proofing and digital identity provider, has arranged a new debt facility from funds and accounts managed by BlackRock that “provides up to €60 million in financing.” The debt facility will “enable IDnow to leverage its existing market-leading identity platform.” The company… Read More

July 26, 2022 @ 12:01 pm By JD Alois  |  

TestFit has raised $20 million in a Series A funding round led by Parkway Venture Capital. This brings total funding to date for the startup to $22 million, according to a company statement. TesetFit is an artificial intelligence (AI) enhanced software platform that aims to… Read More

July 23, 2022 @ 11:17 am By Omar Faridi  |  

Arvest Bank, a community bank with over $26 billion in assets, announced a five-year partnership with Google Cloud to “enable and accelerate its multi-year digital transformation strategy.” The announcement “follows the bank’s partnership with technology leader Thought Machine, and comes on the heels of its… Read More

July 18, 2022 @ 12:07 pm By JD Alois  |  

The UK government has issued a proposal to provide guidance to fast-growing artificial intelligence (AI) technology. The proposal will impact financial services as well as other industries. The government has also published an AI Action Plan with a mission to “maintain the UK’s position as a… Read More

July 17, 2022 @ 7:46 pm By Omar Faridi  |  

Deci, the deep learning company harnessing AI to solve the AI efficiency gap, recently announced it has raised $25 million in a Series B funding round “led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort… Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 13, 2022 @ 9:15 pm By Omar Faridi  |  

SymphonyAI, which claims to be a leader in “high-value” enterprise AI SaaS for strategic industries, announced it is acquiring financial crime detection firm NetReveal from BAE Systems. This acquisition marks “a significant step in SymphonyAI’s expansion strategy within the financial vertical.” Today’s banking regulatory landscape… Read More

July 13, 2022 @ 12:59 pm By Omar Faridi  |  

Clearstream has introduced data-powered solutions providing key insights into past, present and future of settlements: the Settlement Dashboard and the artificial intelligence (AI)-enhanced Settlement Prediction Tool. Market participants are planning to boost their settlement efficiency and liquidity with the Settlement Discipline Regime (SDR) coming into… Read More

July 10, 2022 @ 9:02 pm By Omar Faridi  |  

The Foundation for Interwallet Operability (FIO) has announced that cross-platform AI chatbot Alty has integrated the FIO Protocol. With this partnership, Alty’s 4.2 million+ users can “send, receive, and request any type of cryptocurrency using FIO Protocol-enabled functionality.” The FIO Protocol is “an open-source, decentralized… Read More

July 9, 2022 @ 1:35 pm By Omar Faridi  |  

radicant, which claims to be the “first” sustainable, digital and collaborative internet-based financial services company that’s “aligned” with the UN’s 17 Sustainable Development Goals, is working closely with Squirro. The integration of tech “enables radicant to automate decision-making processes and improve customer understanding and service… Read More

July 6, 2022 @ 8:43 am By Omar Faridi  |  

WiseWorks AI, the communications intelligence platform, has acquired a $1.2 million investment in order to develop a comprehensive solution for financial institutions to analyze surging virtual communications for compliance and to automate routine tasks. The oversubscribed investment round has been led by Veridian Ventures, with… Read More

July 4, 2022 @ 3:40 pm By Omar Faridi  |  

In a bid to prevent more Australians falling victim to scams, Commonwealth Bank has introduced AI tech to detect suspicious and unusual behavior on its virtual banking platforms, keeping more clients safe by alerting them to potential scams. The new AI technology uses machine learning… Read More

July 2, 2022 @ 10:17 am By Omar Faridi  |  

Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access “decentralized” machine learning network for smart infrastructure, has released DabbaFlow, the “first of its kind” end-to-end encrypted file-sharing platform. Advanced data-sharing and privacy-preserving technologies are “ushering in a new era of data monetization,” the developers claim…. Read More

June 28, 2022 @ 10:55 pm By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to “shape the future of investor experiences,” announced two key hires “to help expand their high-growth areas across distribution and international.” Jason O’Shaughnessy has joined TIFIN as Head of International. O’Shaughnessy previously “ran the… Read More

June 26, 2022 @ 3:15 pm By Omar Faridi  |  

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 20, 2022 @ 7:34 pm By Omar Faridi  |  

BOND.AI, a “human-centered” artificial intelligence firm, recently announced the creation of The BOND Network, a “first-of-its-kind” network of financial institutions and employers for “truly interconnected finance.” The network gives partners – like banks, credit unions, large enterprises, and small businesses – access to modern financial… Read More