Artificial Intelligence

September 6, 2023 @ 9:34 am By Michael Wong  |  

Artificial intelligence (AI) technology provider Elemental Cognition (EC.ai), has announced raising $60 million in its Series B funding round, with notable participation from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individual investors. The investment will be utilized to accelerate the commercial… Read More

September 5, 2023 @ 11:46 am By Omar Faridi  |  

Quantiphi, an Al-first digital engineering company, announced the launch of its AI-led Intelligent Underwriting Platform (AiUP), which will be “included in Google Cloud’s Industry Value Network (IVN) solutions and combines the power of Dociphi, Quantiphi’s intelligent document processing platform,” Unqork‘s codeless platform and Google Cloud’s… Read More

September 5, 2023 @ 9:06 am By Omar Faridi  |  

ThetaRay, the AI-powered secure global payments with offices in New York, Madrid, London, Dubai and Tel Aviv, announced a significant growth round led by Portage, “with investments by existing investors JVP, OurCrowd and others.” The investment, totaling $57 Million, will enable ThetaRay “to accelerate global… Read More

September 4, 2023 @ 11:01 am By Omar Faridi  |  

Confirm, the “first” platform to inject the science of Organizational Network Analysis (ONA) into performance reviews to help people leaders make fairer, faster, and data-driven talent decisions, announced that it has raised $6.2 million in Series A funding, bringing its total investment to $11.4 million…. Read More

September 2, 2023 @ 11:01 am By Omar Faridi  |  

Xero recently announced new AI-powered product features and enhanced product experiences designed “to help small businesses and their advisors work smarter and more efficiently.” As noted in the update from Xero, the new innovations include: Enhanced AI-powered predictions in bank reconciliation and Xero Analytics Plus… Read More

September 2, 2023 @ 10:05 am By Omar Faridi  |  

Money News Network and Magnifi announced a “first-of-its-kind” podcast, “Money Assistant,” hosted by financial expert Nicole Lapin and the voice of Magnifi’s AI-powered investing assistant. This collaboration promises to improve “the way listeners engage with personal finance, offering a fresh blend of human expertise and… Read More

August 31, 2023 @ 6:41 pm By Michael Wong  |  

Artificial Intelligence (AI) and large language models (LLMs) company AI21 Labs has announced raising $155 million in Series C funding to fast-track the expansion of its “highly precised” text-based generative AI services for businesses. The Tel Aviv, Israel-based company said the funding round was backed… Read More

August 31, 2023 @ 11:02 am By Michael Wong  |  

IBM and Salesforce have recently formed a partnership designed to help businesses worldwide accelerate the adoption of artificial intelligence (AI) for customer relationship management (CRM). This significant collaboration between two industry giants is expected to revolutionize experiences for customers, partners, and employees while also ensuring… Read More

August 28, 2023 @ 8:30 am By Omar Faridi  |  

Research from Xero, the global small business platform, has revealed that 80% of small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.” Xero’s Future Focus AI research “surveyed over 3,000 small business… Read More

August 26, 2023 @ 2:42 pm By Tony Zerucha  |  

How strongly one embraces generative artificial intelligence (AI) in their workplace depends on how old they are and what type of workplace one has, new research from personnel agency Robert Half suggests. Overall, 41% believe generative AI will have a positive impact on their career…. Read More

August 25, 2023 @ 10:13 pm By Omar Faridi  |  

Mastercard (NYSE:RSKD) has established a Global Centre for Advanced AI and Cyber Technology in Dubai. The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office and Mastercard signed a Memorandum of Understanding “to increase Artificial Intelligence (AI) capabilities and readiness in the region.” An… Read More

August 23, 2023 @ 7:24 am By JD Alois  |  

Zorrz, a UK-based Fintech that has created an AI-powered tool for credit analysis, has partnered with BNPL Sileon. Sileon is based in Sweden and specializes in “card-based Buy Now Pay Later” offerings. Sileon is listed on the Nasdaq First North Growth Market and has approximately… Read More

August 22, 2023 @ 11:28 pm By Omar Faridi  |  

AI [artificial intelligence] is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a provider of financial crime and risk management solutions Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance… Read More

August 22, 2023 @ 10:23 am By Omar Faridi  |  

FluidAI, the fintech making tokenized market access more efficient for institutions, trading platforms, and retail investors, has announced a partnership with I-X, Imperial College London’s artificial intelligence (AI) initiative. It marks the “first-known” AI partnership at “a globally renowned university to be partially funded by… Read More

August 21, 2023 @ 9:23 pm By Omar Faridi  |  

TIFIN AMP, the artificial intelligence (AI) platform for the intelligent distribution of funds, is pleased to announce the appointment of Sal Gagliano as the Chief Executive Officer. The firm also announced “the addition of Charlie Shaffer as the President and Chief Revenue Officer. Dr. Vinay… Read More

August 21, 2023 @ 3:39 pm By Omar Faridi  |  

Qraft Technologies, an invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the institutional-grade digital asset custodian licensed across global financial hubs. With the signing of the Memorandum of Understanding (MoU), Qraft will “develop digital asset… Read More

August 18, 2023 @ 12:01 pm By Omar Faridi  |  

Artificial Intelligence has considerably impacted the financial services industry in recent years, especially since the advent of OpenAI in late 2022. According to the Economist Intelligence Unit, 54% of financial services organizations with over 5000 employees “have implemented AI systems.” Most recently, the now-familiar customer-facing… Read More

August 18, 2023 @ 11:33 am By Omar Faridi  |  

Amidst the rapid change brought about by digital transformation and artificial intelligence (AI) in the financial services landscape, Eltropy’s CFI customers are adding AI Chat to their member/customer service offering, “providing them with round-the-clock service, optimizing agent efficiency to focus on more complex issues, and… Read More

August 17, 2023 @ 12:37 pm By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, announced its strategic acquisition of Cinnecta, an AI company renowned for its solutions in customer retention, loyalty and enhancing digital experiences. The acquisition underpins Matera’s mission “to provide clients with unmatched value, especially in… Read More

August 15, 2023 @ 10:02 am By Omar Faridi  |  

Credit scoring is a statistical method employed by lenders to predict the probability an existing and/or prospective borrower or counterparty “will default on loans/credit products, or incur additional charges for repayment, also known as measuring creditworthiness,” the team at Juniper Research explains. Juniper Research also… Read More