Artificial Intelligence

June 22, 2020 @ 1:14 am By Omar Faridi  |  

We recently caught up with Jay Nair, Senior Vice President of Financial Services at Infosys (NYSE: INFY), a global leader in digital services and consulting. The company has clients in 45 countries who use its services to develop their digital transformation strategies. The firm has… Read More

June 17, 2020 @ 2:41 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Wednesday it has created a new artificial intelligent (AI)-driven digital execution platform, LTX, to bring next-generation liquidity to corporate bonds. According to Broadridge, LTX combines AI with digital execution protocol that enables broker-dealers to significantly improve market liquidity,… Read More

June 17, 2020 @ 5:00 am By JD Alois  |  

Pagaya, a Fintech in the asset management space, has closed on a $102 Series D funding round. Simultaneously the company has announced a $200 asset-backed security (ABS) issuance of consumer credit – “reopening” the COVID-19 impacted market. Pagaya’s total ABS issuance now stands at over… Read More

June 12, 2020 @ 6:25 pm By Omar Faridi  |  

David Chan, CEO at Monedo (previously Kreditech), a point of sale (PoS) lender that claims to have more than one million customers who have reportedly received over 2 million loans (as of March 2020), says that the online lender has a global addressable market of… Read More

June 11, 2020 @ 4:46 pm By JD Alois  |  

FINRA’s Office of Financial Innovation has posted a report on Artificial Intelligence (AI) and the securities industry. Financial services firms are incorporating AI into a growing number of services. FINRA is seeking to engage with this sector of Fintech to better understand the impact on… Read More

June 6, 2020 @ 6:19 pm By Omar Faridi  |  

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

June 6, 2020 @ 11:12 am By Omar Faridi  |  

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, is reportedly using Natural Language Generation (NLG) to prepare concise, one-page executive summaries for its custody customers. BNP Paribas explained that NLG helps it convert… Read More

June 5, 2020 @ 10:00 pm By Omar Faridi  |  

The digital asset and blockchain space is still in its infancy or early stages of development. There are many companies working on developing key infrastructure needed to support emerging cryptocurrency businesses. Cybersecurity, ID verification, AML/KYC processes, and even cryptocurrency-related insurance services are already being developed… Read More

June 2, 2020 @ 7:47 am By Omar Faridi  |  

UK-based Longevity Card, a Fintech company that aims to introduce a new and better way to help users manage their finances while leading a healthy lifestyle via an easy-to-use app, recently revealed that it has received private investments from a Switzerland-based branch of Deep Knowledge… Read More

June 1, 2020 @ 4:29 pm By Samantha Hurst  |  

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

May 29, 2020 @ 8:56 am By Samantha Hurst  |  

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fusion Fund with participation from Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and Viaduct Ventures. Founded in 2014, Accern explained… Read More

May 28, 2020 @ 12:13 pm By JD Alois  |  

Skymind Global Ventures (SGV), the venture arm of Skymind, has announced its first spin-off – Konduit.  According to the company, Konduit offers a portfolio of open source tools that support machine learning practitioners. The company’s goal is to bridge the gap between research and enterprise… Read More

May 26, 2020 @ 11:44 pm By JD Alois  |  

Tencent, a massive Chinese conglomerate that also operates WeChat, is planning to invest $70 billion over the next five years. The money will go into “new infrastructure” including areas like artificial intelligence (AI), blockchain, cybersecurity, big-data and more. This is according to a report in… Read More

May 25, 2020 @ 5:38 pm By Omar Faridi  |  

  Nobody really knows when Bitcoin (BTC) and other cryptocurrencies will be “vulnerable” to the threat from quantum computers, according to most experts in the field. Twitter and other social media users have been warning and reminding people that we should stay informed about the… Read More

May 25, 2020 @ 12:59 am By Omar Faridi  |  

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

May 24, 2020 @ 1:16 am By Omar Faridi  |  

  Israel-based ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has launched FastStart, a product that aims to address the requirements of financial institutions during the COVID-19 crisis. As noted on ThetaRay’s official website: “Since the pandemic began, banks have seen… Read More

May 23, 2020 @ 9:13 pm By Omar Faridi  |  

  The Suseong University in South Korea will be working with the Korea Artificial Intelligence Association (KORAIA), in order to establish a blockchain or distributed ledger technology (DLT) and AI-focused campus in Daegu, a city located in the country’s North Gyeongsang province. Local media outlet… Read More

May 22, 2020 @ 3:36 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Thursday it is joining forces with INDmoney, an artificial intelligence (AI) and machine-learning-based wealth management platform in India, to bring U.S. stock investing technology and capability to INDmoney clients. DriveWealth reported that the collaboration with INDmoney is the latest… Read More

May 20, 2020 @ 11:13 pm By Omar Faridi  |  

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

May 17, 2020 @ 10:02 pm By Samantha Hurst  |  

Commerce.AI, a U.S. artificial intelligence (AI) powered system, has secured more than $1 million through its Regulation Crowdfunding (Reg CF) campaign on StartEngine. Founded in 2016, Commerce.AI is on a mission to harness the power of artificial intelligence to change the way commerce is done…. Read More