Artificial Intelligence

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

June 23, 2021 @ 9:25 am By Omar Faridi  |  

Analytics software company FICO recently revealed that Switzerland-based PostFinance will be protecting almost 3 million debit cards with the FICO® Falcon® Platform, an AI-enhanced payments card protection solution. PostFinance, the financial services division of Swiss Post, says it will be using the Falcon Platform to… Read More

June 22, 2021 @ 9:00 am By JD Alois  |  

Myos has raised $30 million in Series A funding led by Fasanara Capital and Xploration Capital. Tomahawk.VC and a group of new and existing investors also participated in the funding round, according to the company. Berlin-based Myos states that it will use the additional capital… Read More

June 21, 2021 @ 8:17 pm By Omar Faridi  |  

Ezbob Ltd., a customer acquisition technology provider for financial services, has launched a new modular software-as-a-service or SaaS platform that addresses key trends in the financial services industry. The firm’s Ezbob Express aims to focus on providing financial services companies with the flexibility of filling… Read More

June 21, 2021 @ 11:04 am By Omar Faridi  |  

Scottish Fintech firm Aveni has acquired a £1.1 million investment in order to establish an AI platform which is focused on supporting speech analytics for modern businesses. Aveni Detect reportedly uses the latest artificial intelligence and natural language processing (NLP) technologies in order to fully… Read More

June 20, 2021 @ 6:31 pm By Omar Faridi  |  

OceanDAO, a distributed autonomous organization supporting the Ocean Protocol, reveals that the 7th round is now open for submissions. More than $200,000 is being offered for Data Science, Developer, and AI Research projects according to a release shared with Crowdfund Insider. During its first six… Read More

June 20, 2021 @ 5:24 pm By JD Alois  |  

Israel-based nSure.ai has raised a $6.8 million Seed round led by DisruptiveAI, Phoenix Insurance, Kamet (an AXA backed VC), Moneta Seeds and other individual investors. nSure.ai is a “predictive AI fraud protection company” that services digital goods such as gift cards, prepaid debit cards, software… Read More

June 20, 2021 @ 5:06 pm By Omar Faridi  |  

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

June 19, 2021 @ 4:00 pm By Omar Faridi  |  

The wishes of investors looking to not having to deal with settlement failure penalties and cookie-cutter services from custodian banks will be fulfilled by AI-powered solutions, according to a new paper from Deutsche Bank (ETR: DBK), titled “Unleashing the potential of AI in securities services.”… Read More

June 19, 2021 @ 9:36 am By Omar Faridi  |  

Universal and streamlined shopping app nate has secured $38 million in capital through a Series A round led by Renegade Partners, along with contributions from Forerunner Ventures and existing investors Canaan Partners and Coatue Management. nate’s Series A has been finalized a year after the… Read More

June 14, 2021 @ 11:01 pm By Omar Faridi  |  

BNY Mellon (NYSE: BK), an American investment banking services holding company headquartered in New York City with over $380 billion in assets, and Saphyre recently revealed that they’ll utilize AI tech to enhance the customer experience while also automating and expediting client onboarding. This partnership… Read More

June 11, 2021 @ 1:02 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai will be working with IOTA, in order to connect Autonomous Economic Agents to IOTA network’s rich data sources. As mentioned in a blog post by Fetch.ai, dated June 10, 2021, for the first time ever, this draws “a clear,… Read More

June 10, 2021 @ 6:38 pm By Omar Faridi  |  

Active.Ai, a conversational AI platform developed for financial services, and Glia, a provider of digital customer service, have teamed up in order to empower financial institutions with meeting their customers in the digital domain. Through the partnership, Active.ai and Glia will provide conversational AI services,… Read More

June 3, 2021 @ 7:36 am By Omar Faridi  |  

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

June 2, 2021 @ 2:43 am By Omar Faridi  |  

Fraudio, a startup founded by experts from the Dutch payment ecosystem, has reportedly secured  $3.3 million in capital via a seed round. The Fraudio team claims that they’ve spent two years developing a Cloud native, centralized AI and machine learning payment fraud detection solution for… Read More