Artificial Intelligence

July 21, 2021 @ 10:14 am By JD Alois  |  

Fabrick, an Open Banking Fintech and Prometia, a company offering wealth management solutions, have joined to launch the Global Investment Portfolio, a digital wealth management solution that utilizes artificial intelligence (AI) as well as Open Banking tech. According to a release, the two companies have… Read More

July 20, 2021 @ 2:28 pm By Omar Faridi  |  

Paro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth. Paro, a Chicago-based startup “disrupting” the way firms… Read More

July 20, 2021 @ 12:31 am By Omar Faridi  |  

Credit Suisse (SWX: CSGN) has reportedly led a $20 million Series A round in Daloopa, a provider of artificial intelligence enhanced data extraction solutions to hedge fund managers, investment banks, and various other financial institutions. Based in New York, Daloopa’s tech has been designed to… Read More

July 19, 2021 @ 11:21 pm By Omar Faridi  |  

TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health,” noted that halfway through 2021, digital commerce and consumer spending continue to witness the impact of government stimulus payments “while consumers look for new ways to invest and leverage their… Read More

July 15, 2021 @ 11:20 pm By Omar Faridi  |  

Singapore-headquartered financial services tech firm, CrediLinq.Ai, reveals that it has acquired SGD 1.35 million through a new funding round. The Fintech lender says that it plans to transform how credit is underwritten to SMEs using advanced tech solutions that will be integrated within its lending… Read More

July 15, 2021 @ 3:30 pm By Omar Faridi  |  

Mosaic Smart Data, the real-time capital markets data analytics firm, and Limeglass, the financial research innovation firm, have teamed up to enable banking platforms to tap into the value that lies within the research reports associated with the transactions their customers have performed. Mosaic and… Read More

July 15, 2021 @ 9:18 am By JD Alois  |  

Eurora Solutions, an Estonian firm that offers an AI/ML service for cross-border transactions, has raised a $3 million seed round, according to a note from the firm. The seed round was led by Change Ventures which was joined by angels including the founders of Printify,… Read More

July 14, 2021 @ 9:00 am By Omar Faridi  |  

Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem. Liquidity providers are now able to generate a “highly-competitive” yield by… Read More

July 12, 2021 @ 8:30 am By Xu Gao  |  

WeChat Pay Offers Special Call Center Service for Users Over 60 Years Old On February 3rd, CNNIC released “The 47th Statistical Report on China’s Internet Development”. Up to December 2020, the number of mobile payment users in China stood at 853 million, up 87.44 million… Read More

July 9, 2021 @ 2:20 pm By Omar Faridi  |  

Regtech company Suade Labs, which aims to close the regulatory gap with modern technology, has reportedly added Mansfield Building Society to its client portfolio. Mansfield Building Society will be using the full-service offering provided by Suade Labs’ Regtech (regulatory technology) to address it reporting requirements…. Read More

July 7, 2021 @ 11:54 pm By Omar Faridi  |  

Crown Agents Bank reveals that it has introduced a biometric authentication pension solution, called EMpower Pensions. It offers secure, end-to-end pensions management, along with local and international pension payroll, from a unified, all-digital platform. EMpower Pensions aims to enhance the pensioner’s proof of life checking… Read More

July 6, 2021 @ 10:44 am By JD Alois  |  

Previse has partnered with Pagero to offer early payment capabilities to its customers, giving suppliers on the Pagero network the option of a ‘pay me now’ button as soon as they generate an invoice, according to a company release. Previse is described as an AI… Read More

July 3, 2021 @ 9:08 am By Omar Faridi  |  

Symphony, the financial markets’ infrastructure and tech platform, has teamed up with Fintech company Saphyre, Inc. in order to integrate patented AI solutions into pre and post-trade workflows for front, middle and back office teams. The integrated solutions may be accessed via Symphony’s platform. As… Read More

July 1, 2021 @ 2:19 pm By Priyanka Pani  |  

Tech-based credit underwriter Zest AI has raised around $18 million in a round led by mortgage lender VyStar Credit Union, First National Bank of Omaha, and Northgate Capital. Zest, a leader in artificial intelligence, would use the funds to accelerate the adoption of its existing… Read More

June 28, 2021 @ 4:18 pm By JD Alois  |  

The House Committee on Financial Services has distributed its schedule for the month of July. Included on the schedule are several Fintech-related topics. On July 16, commencing at 12 PM ET, the Artificial Intelligence Task Force will hold a hearing entitled “I Am Who I… Read More

June 28, 2021 @ 7:48 am By Priyanka Pani  |  

AI-based auto finance platform Lendbuzz has raised a total $360 million investment in part debt and equity. The US-based fintech started by two Israeli entrepreneurs –Amitay Kalmar and Dan Raviv, has raised $60 million in Series C equity financing led by Wellington Management, Goldman Sachs… Read More

June 28, 2021 @ 7:43 am By Omar Faridi  |  

Slovenská sporiteľňa, which is one of the largest commercial banks in Slovakia, has reportedly selected FICO Decision Optimizer in order to enhance profitability while also improving portfolio management for its existing cash loan portfolio. By using FICO’s advanced AI-enhanced optimization, the banking institution will be… Read More

June 26, 2021 @ 2:42 pm By Omar Faridi  |  

PriceHubble, a B2B Proptech firm, has finalized its fourth acquisition by adding Czech Proptech company Realtify. Pricehubble is currently operating in nine different countries. As noted by its management: “PriceHubble is a PropTech company, set to radically improve the understanding and transparency of real estate… Read More

June 24, 2021 @ 9:33 pm By Tony Zerucha  |  

While recent levels of investment in the most attractive tech sectors are impressive, you ain’t seen nothing yet. According to market reports nanotechnology, AI, digital twins, genomics, and other biotech life sciences, which attracted $893 billion of investment last year, will draw $2.44 trillion by… Read More

June 23, 2021 @ 11:28 am By Omar Faridi  |  

Fundbox, the financial platform for small businesses, revealed on Tuesday (June 22, 2021) that they’ve appointed Hilliard Terry to their Board of Directors. As mentioned in a note shared with CI, Mr. Terry is an experienced executive leader, corporate board member and advisor to private… Read More