Artificial Intelligence

November 24, 2021 @ 8:31 am By Omar Faridi  |  

Paris-based Société Générale S.A. (GLE.PA), a French multinational investment bank and financial services company with around €1.3 trillion in assets, says it is putting its trust in data and AI in order to help the organization with transitioning into the digital age. As the institution… Read More

November 22, 2021 @ 11:16 am By JD Alois  |  

DarkTrace (DARK.L), a cybersecurity firm that leverages artificial intelligence (AI), has announced a “major contract” with an unnamed firm. According to a statement by DarkTrace, it is now providing services to a US-based entity that is one of the world’s largest investment management firms. “The… Read More

November 18, 2021 @ 7:59 pm By Omar Faridi  |  

Eigen Technologies, the international intelligent document processing (IDP) provider, and NetDocuments, the Cloud content management platform where legal professionals do work, have entered a new partnership, and developed a tech integration connecting the platforms. Shared and new clients have “already taken advantage of the new… Read More

November 18, 2021 @ 12:00 pm By Omar Faridi  |  

Global AI-enhanced credit decision platform provider, Scienaptic AI reveals that Tower Federal Credit Union has chosen its AI-enabled platform. The implementation should equip the credit union with improved underwriting capabilities in order to “make stronger, faster credit decisions and strengthen financial options for its members.”… Read More

November 13, 2021 @ 10:00 am By Omar Faridi  |  

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA‘s management noted that the proceeds will… Read More

November 12, 2021 @ 8:32 am By Omar Faridi  |  

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

November 10, 2021 @ 10:02 pm By Tony Zerucha  |  

Artificial intelligence solutions company TruEra this week announced that it, along with its data partner Demyst, is one of the three winners of the Global Veritas Challenge 2021 at the Singapore Fintech Festival. The winning solution competed in the credit scoring and credit profiling category,… Read More

October 28, 2021 @ 3:48 pm By Omar Faridi  |  

Staircase AI, a pioneer in relationship intelligence, has confirmed the completion of its $4 million seed round. The firm acquired funding from StageOne Ventures, a VC fund that’s focused on addressing major enterprise challenges, and Disruptive AI, an early-stage VC that specializes in artificial intelligence…. Read More

October 28, 2021 @ 9:43 am By Omar Faridi  |  

dLocal, a tech-first payments platform that enables enterprise merchants to connect with  consumers in emerging markets, has introduced its latest developments for risk management. The first product in the stack is Smart Defense, which is described as an advanced, custom-built solution that combats fraud by… Read More

October 26, 2021 @ 3:09 pm By Omar Faridi  |  

Arturo, an artificial intelligence-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, announced that it has joined the Amazon Web Services (AWS) Partner Network (APN). By joining the APN, Arturo becomes part of the international community of Partners that are… Read More

October 26, 2021 @ 10:23 am By Omar Faridi  |  

Button Finance, Inc., a Fintech mortgage lender focused on home equity, announced that it has finalized a $2 million seed round. The proceeds should allow Button Finance to recruit talent and to further develop its proprietary technology. Entities advised by Hildene Capital Management, LLC participated… Read More

October 26, 2021 @ 5:30 am By JD Alois  |  

Yokoy, a firm that provides an AI-based spend management service for midsize and enterprise companies, has raised $26 million in a Series A round, according to a note from the company. The funding round was led by Left Lane Capital, with participation from Balderton Capital…. Read More

October 21, 2021 @ 5:46 pm By Omar Faridi  |  

Resistant AI, a software-as-a-service (SaaS)-enabled AI and machine learning security firm that aims to protect automated financial systems from manipulation, fraudulent activities and financial crime, has acquired $16.6 million in capital via a Series A round. GV (previously Google Ventures) has reportedly led Resistance AI’s… Read More

October 19, 2021 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,… Read More

October 14, 2021 @ 1:05 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN) (via Santander Universities) and MIT Professional Education are providing 400 “Santander Tech | Emerging Technologies Program by MIT Professional Education” scholarships “geared at courses related to in-demand technologies such as blockchain, AI, and cybersecurity in a job market dominated by digitalization… Read More

October 11, 2021 @ 10:27 pm By JD Alois  |  

On Wednesday, October 13, the House Committee on Financial Services, Task Force on Artificial Intelligence (AI) will hold a hearing to discuss ethics and AI. According to the hearing memo, in financial services, AI systems often tackle complex problems including credit underwriting, customer service, cybersecurity… Read More

October 10, 2021 @ 9:18 am By Omar Faridi  |  

Bank of America (NYSE: BAC) is reportedly the first financial services company to introduce virtual reality (VR) training in almost 4,300 financial centers nationwide. As mentioned in a release, this training tech will allow around 50,000 workers to practice “a range of routine to complex… Read More

October 7, 2021 @ 3:08 pm By Omar Faridi  |  

Pagaya Technologies Ltd., a financial tech firm that enables financial institutions to expand access to more clients via its partnerships and AI network, reveals that it has hired Leslie Gillin, ex- President at Chase Co-Brand Cards, CMO of Citi‘s Global Consumer Bank and, recently, CMO… Read More

October 7, 2021 @ 7:49 am By Omar Faridi  |  

Sentieo, the next-gen financial research platform provider, reveals that it has expanded its presence in the European market and doubled its team in the UK. The growth is reportedly being driven by rising demand for the firm’s AI-enhanced financial research platform and represents a “firm… Read More

October 4, 2021 @ 8:53 pm By Omar Faridi  |  

Singapore-based Ojamu, a blockchain-powered Martech platform, has acquired $1.7 million in capital via an oversubscribed private sale. Ojamu, which is a marketing technology platform that aims to leverage the power of blockchain tech, artificial intelligence, and NFTs to implement digital marketing campaigns for various brands,… Read More