Artificial Intelligence

November 30, 2022 @ 8:13 am By Omar Faridi  |  

ClearBank, which claims to be the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, announced they will “collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading… Read More

November 29, 2022 @ 5:07 pm By Omar Faridi  |  

The payment fraud market faces “a number of challenges which makes it uniquely suited to the wide-scale deployment of fraud prevention systems,” according to an update from Juniper Research. The update from Juniper Research notes that one major feature that AI systems possess is “the… Read More

November 28, 2022 @ 10:34 am By Omar Faridi  |  

Awaken Intelligence, an AI or artificial intelligence-enhanced software, which helps contact centers to improve call time & customer satisfaction, analyzing conversations in 38 languages, has secured 123% (£681,501.18) of its £550,000 fundraising target from 190 investors with 1 day left in the firm’s crowdfunding campaign… Read More

November 28, 2022 @ 8:37 am By Alex Zeltcer  |  

There’s no doubt in the minds of financial organizations and anti-laundering regulators that Know Your Customer (KYC) verified accounts prevent fraudulent activity– and that’s exactly the problem. In the early 1990s, governments around the globe had a growing concern about preventing the increasingly connected banking… Read More

November 21, 2022 @ 9:38 pm By Omar Faridi  |  

Aunalytics, a data management and analytics company delivering Insights-as-a-Service for mid-market businesses, announced it has initiated Enterprise Analytics, a managed service comprised of experts in data analytics, data engineering, artificial intelligence (AI) and machine learning. The new solution “couples the tools and technology required to… Read More

November 16, 2022 @ 11:47 am By Omar Faridi  |  

RBC Capital Markets announced the launch of Aiden Arrival, the second algorithm on the firm’s AI-based electronic trading platform. Aiden Arrival builds on the success of the Aiden platform’s first solution, “a volume-weighted average price (VWAP) algorithm, aims to reduce arrival price slippage and offer… Read More

November 16, 2022 @ 9:05 am By JD Alois  |  

In partnership with the Abu Dhabi Investment Office (ADIO), OurCrowd has announced the launch of a global artificial intelligence (AI) hub.  Based at Abu Dhabi Global Market (ADGM)  Hub71, the AI hub has been named Integrated Data Intelligence Ltd (IDI) and will develop easily adoptable… Read More

November 14, 2022 @ 11:25 pm By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime risk detection, announces a training program “designed to help compliance teams navigate potential threats when onboarding customers.” Financial institutions must legally “vet new clients for money laundering, terrorist financing, sanctions evasion, and corruption before providing access… Read More

November 6, 2022 @ 3:26 pm By Omar Faridi  |  

Momentum Global Investment Management (MGIM) has appointed MDOTM Ltd., the global provider of AI-driven investment solutions, “as a strategic partner to help it develop AI driven investment insights and triggers that can be integrated into and enhance MGIM’s well established outcomes-based investment process.” The focus… Read More

November 4, 2022 @ 3:21 pm By JD Alois  |  

ADDX, a Singapore-based digital securities exchange, has “tokenized” a portfolio of wine from top vineyards in Burgundy, France, providing a keen example as to how distributed ledger technology can be utilized to turn different products into digital assets. According to ADDX, the estimated worth of… Read More

November 3, 2022 @ 9:32 am By Omar Faridi  |  

Zest AI, which claims to be the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has “raised over $50 million in a new growth round.” The investment round was “co-led by existing global software investor… Read More

November 2, 2022 @ 12:27 pm By Omar Faridi  |  

TIFIN, the Fintech platform known for its highly engaging products fueled by advanced data science and machine learning, has launched what it claims to be  “a first-of-its-kind platform for client personalization.” The platform “to facilitate modern personalization will be offered by its TIFIN Wealth division… Read More

November 1, 2022 @ 12:47 pm By Omar Faridi  |  

Boost.ai, a cloud-based provider of conversational artificial intelligence (CAI) at scale, announced a new strategic partnership with CallMiner, a provider of conversation intelligence that drives improved customer experiences and business outcomes. CallMiner empowers businesses “to capture and analyze text and voice-based interactions, and paired with… Read More

October 31, 2022 @ 8:13 am By JD Alois  |  

Financial Conduct Authority (FCA) CEO Nikhil Rathi delivered a speech last week that reflected upon the ever-changing regulatory environment. Rathi re-affirmed the FCA’s mission of fostering competition stating, “we will continue to embed competitiveness throughout our regulatory approach,” while noting this will not come to… Read More

October 24, 2022 @ 10:38 pm By Omar Faridi  |  

LianLian Global, a global cross-border payments service provider, has announced it has acquired a minority stake in ContentBot, an Artificial Intelligence (AI) content generator. Through this investment, LianLian Global will “offer the world’s most advanced AI writer to provide product launching services in 18 languages,… Read More

October 24, 2022 @ 9:47 pm By Omar Faridi  |  

Kubiya, the Conversational AI solution for DevOps teams, announced that it has raised a $6M Seed round led by Hyperwise Ventures alongside investors Pierre Lamond, Giora Yaron, and others. The investment round “enables Kubiya to expand its go-to-market strategy, further extend its offering and ultimately… Read More

October 23, 2022 @ 3:05 pm By Omar Faridi  |  

CEPRES — which claims to be the leader in private market investment technology and data —  announced the launch of CEPRES Predictive Intelligence, which is described as “an enhanced, future-oriented portfolio management suite based on CEPRES’s proven and backtested forecasting technology.” CEPRES Predictive Intelligence enables… Read More

October 15, 2022 @ 3:36 pm By Omar Faridi  |  

Erica, which is described as the “most advanced” and “first” widely available virtual financial assistant, has surpassed 1 billion interactions with Bank of America (NYSE: BAC) clients. The technology, powered by artificial intelligence (AI), officially “launched in 2018 and has since helped nearly 32 million… Read More

October 14, 2022 @ 10:46 am By Omar Faridi  |  

TIFIN, the fintech platform known for Magnifi, an investment marketplace, recently announced the launch of their new premium subscription Magnifi Personal, aimed at “helping investors without enough time or knowledge to build and grow their portfolios with intelligence.” New and existing Magnifi investors can now… Read More

October 12, 2022 @ 9:01 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, which claims to be one of the financial industry’s leading sources of AI-driven financial crime risk data and detection technology, announced “the general availability of their solution for fighting financial crime across… Read More