Artificial Intelligence

December 3, 2023 @ 3:19 pm By Omar Faridi  |  

INTELLITHING, which aims to develop customized applications of Generative AI With no code, has raised 132% (£265,325) of its £200,000 target from 116 investors (at the time of writing) via its crowdfunding campaign, carried out via Seedrs with 12 days left in the offering. Located… Read More

December 1, 2023 @ 4:55 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash and digital payments market leader, announces a new, easier-to-use interface for its AI-powered accounts receivable (AR) software platform which delivers improved insights and a more holistic view of AR processes to optimize cash flow and improve staff productivity. The new, platform-wide… Read More

December 1, 2023 @ 4:27 pm By JD Alois  |  

Kognitos,  a company that is working on AI [artificial intelligence] for business automation, has raised $20 million in a Series A round led by Khosla Ventures. Existing investors also participated in the funding round. To date, Kognitos reports $30 million in money raised. This funding… Read More

November 28, 2023 @ 9:59 pm By Omar Faridi  |  

Rimes has announced the launch of their AI Lab under the leadership of Theo Bell, the newly appointed Head of AI Product. The Rimes AI Lab provides “a dedicated environment where the Rimes Product Engineering team, in collaboration with clients, can prototype new ideas and… Read More

November 27, 2023 @ 5:06 pm By JD Alois  |  

Financial technology, or Fintech, is expected to be the sector of the industry that will lead the charge in regard to Artificial Intelligence (AI) adoption according to a global study. AI jumped into popular interest with the emergence of ChatGPT and widespread utilization – much… Read More

November 27, 2023 @ 3:44 pm By Omar Faridi  |  

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

November 27, 2023 @ 1:38 pm By Omar Faridi  |  

Hyperscience, a firm focused on hyper-automation and a provider of enterprise AI software,  announced the appointment of Brian Weiss as the company’s Field Chief Technology Officer. Weiss joins the company at “a pivotal juncture when the demand for its turnkey enterprise AI software is on… Read More

November 27, 2023 @ 7:32 am By Omar Faridi  |  

New data from small business lender iwoca reveals that while more than half of SME owners (55%) feel they “have a good understanding of AI, the majority are nervous about how it will impact their business.” The new research of SME owners across the UK… Read More

November 25, 2023 @ 6:51 pm By Michael Wong  |  

Indonesia’s central bank, the Financial Services Authority (OJK), has partnered with the country’s fintech associations to issue what it describes as ethical guidelines on artificial intelligence (AI) use in the context of the fintech industry. The guidelines were formulated in collaboration with four leading fintech… Read More

November 24, 2023 @ 10:14 am By Omar Faridi  |  

We recently caught up with DK Sharma, the President and Chief Operating Officer at Kore.ai, which focuses on providing conversational and generative AI value to large enterprises, enabling them to deploy AI responsibly, creating substantial value in customer support, employee interactions, and enhancing sales and… Read More

November 21, 2023 @ 9:00 am By Omar Faridi  |  

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

November 17, 2023 @ 6:11 pm By Omar Faridi  |  

Holiday shopping season is a favorite time of year for many, but as consumers everywhere start preparing to open their wallets ahead of Black Friday, “a new type of threat has begun rearing its ugly head: AI-based fraud.” The recent boom in AI capabilities and… Read More

November 15, 2023 @ 8:57 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective ways and enhance the shopping experience for consumers. With a mission to accelerate commerce, Klarna’s… Read More

November 14, 2023 @ 6:22 am By Omar Faridi  |  

Accenture (NYSE: ACN) will launch a network of generative AI studios in North America where companies can explore ways to optimize and reinvent their business through the responsible use of generative AI applications. Clients interested in pursuing commercial uses of generative AI “will be able… Read More

November 11, 2023 @ 12:45 pm By Omar Faridi  |  

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

November 11, 2023 @ 6:43 am By Omar Faridi  |  

Veriff, a global identity verification (IDV) provider, announced significant updates to its fully automated IDV product. The solution uses advanced machine learning “to enable a 100% automated identity verification process with zero human involvement.” With the enhanced IDV solution, customers “have access to a fast… Read More

November 10, 2023 @ 11:23 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the welcoming of its two millionth customer. The pace to achieve the second million customers “was 35% faster than the first million, which was achieved in late 2020, while premium… Read More

November 9, 2023 @ 12:15 pm By JD Alois  |  

Era, an AI-augmented Wealthtech, has raised $3.1 million in seed funding, according to a corporate statement. Investors include Northzone, who led the round, with participation from Protagonist and Designer Fund. The company explains that it seeks to “level the playing field” in regard to financial… Read More

November 9, 2023 @ 11:26 am By JD Alois  |  

Recently, there have been various reports about the decline in venture capital funding. VC money is a key component in funding risky early-stage ventures. While only a fraction of the investments may drive results, some of these companies may turn into revolutionary platforms or launch… Read More

November 9, 2023 @ 9:03 am By Omar Faridi  |  

Visa (NYSE: V), a digital payments provider, announced the launch of its AI Advisory Practice. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting arm of Visa, focuses on providing actionable insights and recommendations to empower clients to unlock the… Read More