Artificial Intelligence

August 11, 2021 @ 2:20 pm By Priyanka Pani  |  

The UK government plans to create a digital identity trust framework using modern technology to make verification faster and easier for its citizens. The government had first published the trust framework in February this year.  The UK government has created the framework by conducting extensive online surveys,… Read More

August 10, 2021 @ 10:23 pm By Omar Faridi  |  

Facteus, a provider of technology and services to access actionable insights within sensitive data, reveals that it’s now part of the Snowflake Partner Network, mainly focusing on supporting financial services organizations to securely access the scale, speed, and data services (available via the Snowflake Data… Read More

August 8, 2021 @ 7:00 pm By Omar Faridi  |  

We recently connected with Yair Benyamini, CEO and Co-Founder of Lendai. Founded during the COVID-19 crisis, the disruptive digital-first lender allows foreign and non-resident investors to buy US properties through an online mortgage approval process that takes around one week. According to Lendai, this is… Read More

August 5, 2021 @ 10:53 pm By Priyanka Pani  |  

It’s raining Unicorns in India’s startup ecosystem. Mindtickle Inc., which provides an artificial intelligence-based tool to improve sales and product knowledge, has become the 20th Unicorn of the year by hitting a $1.2 billion valuation following a funding round led by SoftBank Group Corp.  The… Read More

August 5, 2021 @ 6:39 pm By Omar Faridi  |  

yellow.ai, a customer experience (CX) automation platform, “trusted” by over 700 enterprises internationally, reveals that it has acquired $78.15M through a Series C round, which was led by WestBridge Capital along with contributions from Sapphire Ventures, and Salesforce Ventures. As noted in a release shared… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 4, 2021 @ 9:00 am By JD Alois  |  

Localize has closed on a $25 million Series C funding round, according to a note from the Proptech firm. The funding round was led by Pitango Growth with Mizrahi-Tefahot and existing investors joining in. As part of the funding round Pitango co-founder and Managing Partners,… Read More

August 4, 2021 @ 8:59 am By JD Alois  |  

Financial risk management platform Feedzai has acquired Revelock a biometric ID platform. Revelock technology will be immediately integrated into the core Feedzai platform with historical behavioral biometric intelligence available.  Feedzai claims the purchase has created the world’s largest AI-powered financial risk management platform calling the… Read More

August 2, 2021 @ 9:57 pm By Omar Faridi  |  

Forus Capital, a Saudi Arabia-headquartered Islamic P2P lending marketplace, has secured funding via a Series A round (for an undisclosed amount). As noted by its management: “Forus Capital [is an] Islamic debt marketplace that enables investors to invest in a marketplace of alternative loans targeted… Read More

July 31, 2021 @ 3:52 pm By Omar Faridi  |  

Kasisto, the developer of a conversational AI chatbot, has finalized a $15.5 million Series C round that has been co-led by new investors Naples Technology Vendors and NCR Corporation. Kasisto’s KAI digital experience platform is currently being used by major financial institutions such as JPMorgan,… Read More

July 24, 2021 @ 2:04 pm By Omar Faridi  |  

AuthenticID recently announced a $100 million minority growth investment that has been led by Long Ridge Investment The investment will be directed towards supporting AuthenticID’s ongoing innovation in automated identity proofing as well as the firm’s market expansion efforts. AuthenticID, an established provider of Identity… Read More

July 23, 2021 @ 1:21 pm By Omar Faridi  |  

Elliptic, a company focused on crypto-asset risk management, has been chosen by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able “to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls,” according to an update from Elliptic. Paysafe,… Read More

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