Artificial Intelligence

September 6, 2022 @ 10:41 am By Freddie Digby  |  

As firms battle with reduced revenue, Freddie Digby, CCO of Adsum, stresses that halting your investment in tech should be the last thing a business should be considering ahead of a recession The identity of the nation’s next Prime Minister was just one of many… Read More

September 4, 2022 @ 11:17 pm By Omar Faridi  |  

StepFunction, a key player in SaaS revenue growth solutions, recently announced a $5M post-seed raise led by Dallas Venture Capital (DVC) along with contributions from Hummer Winblad Venture Partners, Inventus Capital Partners, and Z5 Capital. McKinsey research indicates that SaaS companies that “focus on cross-selling,… Read More

September 4, 2022 @ 11:13 pm By Omar Faridi  |  

Arturo, the Proptech company that delivers intelligent analytics from individual property to portfolio, announced “the appointments of Greg Oslan as chief executive officer and Joe Brown as vice president of sales and service.” Oslan will be “responsible for leading Arturo through a new period of… Read More

September 3, 2022 @ 3:26 pm By Omar Faridi  |  

Fairmarkit, the automated sourcing platform that is transforming the procurement of goods and services for enterprises, announced a $35.6 million Series C investment, “bringing its total funding to date to $78 million.” The investment round was “led by OMERS Growth Equity with participation from investors… Read More

September 3, 2022 @ 11:40 am By Omar Faridi  |  

The economy is facing massive disruptions: inflation, great resignation, and possible recession, among others. This has driven customers to switch financial institutions at a click of a button, looking for the ones that provide them the most benefits and help with their financial health. However,… Read More

August 31, 2022 @ 9:50 am By JD Alois  |  

Banco Santander has enlisted Trovata to provide cash forecasting and liquidity management for its corporate clients. In a corporate statement, Trovata said that the agreement was for global distribution with Santander. The partnership is expected to see Santander market Trovata’s cash management platform to its… Read More

August 25, 2022 @ 8:49 am By Omar Faridi  |  

UBS (SWX: UBSG) announced that it has invested in BigPanda, an artificial intelligence IT operations (AIOps) platform, “through UBS Next, the firm’s strategic venture and innovation unit.” As customers increasingly look for more digital services and business becomes more data driven, UBS is actively “engaging… Read More

August 24, 2022 @ 6:33 pm By Omar Faridi  |  

C2FO, which claims to be the largest global platform for working capital, announced a  partnership with Vic.ai, a provider of artificial intelligence (AI) for autonomous accounting and financial management. Through this partnership, C2FO and Vic.ai will “provide their enterprise customers with a flexible AI-driven invoice… Read More

August 23, 2022 @ 7:37 pm By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced a $15.5 million Series C extension, “led in the United States by Fidelity Information Services, LLC (NYSE: FIS) and internationally by Westpac Banking Corporation, with participation from BankSouth.” This brings the… Read More

August 23, 2022 @ 8:17 am By Omar Faridi  |  

Truist Financial Corporation (NYSE: TFC) announced that it has acquired key strategic assets from Zaloni, a key player in data technology solution delivery. Through this agreement, Truist will “acquire the Zaloni Arena platform to accelerate its data governance, metadata management, advanced analytics, and artificial intelligence… Read More

August 21, 2022 @ 4:42 pm By Omar Faridi  |  

Owlin, the AI-based news analytics platform, and ApeVue, which claims to be the global leader in market-based pricing data for private stocks, announced they will offer select insights “across both of their data platforms to better service private capital markets customers.” ApeVue’s mission is “to… Read More

August 19, 2022 @ 3:47 pm By Omar Faridi  |  

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, announced it has partnered with Upstart (NASDAQ: UPST), an artificial intelligence (AI) lending marketplace, “to offer AI-powered personal loans nationwide.” Charles… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 7, 2022 @ 11:07 pm By Omar Faridi  |  

IDnow, a European identity proofing and digital identity provider, has arranged a new debt facility from funds and accounts managed by BlackRock that “provides up to €60 million in financing.” The debt facility will “enable IDnow to leverage its existing market-leading identity platform.” The company… Read More

July 26, 2022 @ 12:01 pm By JD Alois  |  

TestFit has raised $20 million in a Series A funding round led by Parkway Venture Capital. This brings total funding to date for the startup to $22 million, according to a company statement. TesetFit is an artificial intelligence (AI) enhanced software platform that aims to… Read More

July 23, 2022 @ 11:17 am By Omar Faridi  |  

Arvest Bank, a community bank with over $26 billion in assets, announced a five-year partnership with Google Cloud to “enable and accelerate its multi-year digital transformation strategy.” The announcement “follows the bank’s partnership with technology leader Thought Machine, and comes on the heels of its… Read More

July 18, 2022 @ 12:07 pm By JD Alois  |  

The UK government has issued a proposal to provide guidance to fast-growing artificial intelligence (AI) technology. The proposal will impact financial services as well as other industries. The government has also published an AI Action Plan with a mission to “maintain the UK’s position as a… Read More

July 17, 2022 @ 7:46 pm By Omar Faridi  |  

Deci, the deep learning company harnessing AI to solve the AI efficiency gap, recently announced it has raised $25 million in a Series B funding round “led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort… Read More

July 15, 2022 @ 9:46 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to shape the future of investor experiences, announced its initial launch into international markets through the acquisition on SharingAlpha, a community of over 15,000 professional fund investors and analysts “located throughout the world, but… Read More

July 13, 2022 @ 9:15 pm By Omar Faridi  |  

SymphonyAI, which claims to be a leader in “high-value” enterprise AI SaaS for strategic industries, announced it is acquiring financial crime detection firm NetReveal from BAE Systems. This acquisition marks “a significant step in SymphonyAI’s expansion strategy within the financial vertical.” Today’s banking regulatory landscape… Read More