Artificial Intelligence

November 13, 2020 @ 1:02 am By Omar Faridi  |  

  We recently connected with Prashant Fuloria, CEO at Fundbox,  an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More

November 9, 2020 @ 2:41 pm By Samantha Hurst  |  

  Mind Foundry, an Artificial Intelligence (AI) company that spun out of the University of Oxford’s Machine Learning Research Group (MLRG), announced on Monday it raised $13.6 million through its Series A funding round, which was led by  Aioi Nissay Dowa Insurance Co., Ltd. (ANDI) of the MS&AD… Read More

November 4, 2020 @ 10:40 am By Omar Faridi  |  

There’s been a significant increase in demand for technical workers with data, advanced analytics, and AI skills in the modern banking sector. However, there aren’t enough qualified data and AI professionals to meet the requirements of major organizations across the globe. This major talent gap… Read More

October 31, 2020 @ 11:51 am By Omar Faridi  |  

Although manufacturing and tech firms have made substantial investments in AI (artificial intelligence), the results have been “mixed,” according to a recent report from Lux Research. The report notes that companies have been “hampered” because they’ve been using traditional or outdated processes to manage AI… Read More

October 30, 2020 @ 10:24 pm By Samantha Hurst  |  

  Skan, the AI-enabled process discovery and operational intelligence, recently announced it secured $14 million through its Series A funding round, which was led by Cathay Innovation with participation from Citi Ventures, Zetta Ventures, Bloomberg Beta, Plug and Play Ventures, and Firebolt Ventures. Founded in 2018, Skan uses cognitive… Read More

October 27, 2020 @ 8:25 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday its new artificial intelligence (AI)-driven digital trading platform, LTX, has been integrated with the Charles River Investment Management Solution (Charles River IMS. According to Broadridge, the integration is part of a strategy to improve efficiency in the corporate… Read More

October 26, 2020 @ 8:46 am By JD Alois  |  

  VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More

October 25, 2020 @ 8:35 pm By Omar Faridi  |  

Digital commerce platforms with experience-centric models are attractive to investors because of their focus on “long-term value creation,” according to a report from KPMG. Other businesses are also taking advantage of the benefits of experience-centric models, including ridesharing apps, media channels, Edtech companies, healthcare service… Read More

October 22, 2020 @ 11:32 pm By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

October 22, 2020 @ 10:28 pm By Omar Faridi  |  

Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. The Kyber Network… Read More

October 22, 2020 @ 3:15 pm By Samantha Hurst  |  

Quavo Inc., a U.S.-based fintech provider, announced on Thursday it has launched a fraud and dispute artificial intelligence (AI), called Auto Reasonable Investigation Agent (ARIA). The company claims that ARIA is the “first and only” SaaS platform AI and automation to conduct dispute investigations as… Read More

October 20, 2020 @ 7:35 am By JD Alois  |  

Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More

October 18, 2020 @ 6:07 pm By Omar Faridi  |  

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

October 17, 2020 @ 12:10 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai is inviting developers and software testers to take part in its incentivized testnet program – which will be launching next week on October 22, 2020. The Fetch.ai team noted that their goal is to develop the infrastructure needed for… Read More

October 12, 2020 @ 11:16 pm By Omar Faridi  |  

Bianjie and the Wuhan Run He De Kang (RHDK) have partnered to implement a blockchain or distributed ledger technology (DLT) enabled Epidemic Early Warning System, in order to help in the fight against Covid-19. As mentioned in the announcement, Wuhan RHDK is a healthcare-focused, Big… Read More

October 12, 2020 @ 8:55 pm By Omar Faridi  |  

Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used by Fintech platform developers to make more intelligent or informed decisions regarding key processes. This may include using AI to identify potentially fraudulent transactions, determining the creditworthiness of a borrower applying for a… Read More

October 9, 2020 @ 3:08 pm By Samantha Hurst  |  

Meniga, UK-based AI-powered digital banking solutions announced on Friday it has expanded its services to the U.S. The U.S. launch comes less than six months after Meniga secured €8.5 million through its latest strategic investment round, which was led by French banking group Groups BPCE with… Read More

October 9, 2020 @ 12:23 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai has integrated Chainlink (LINK) Oracles. The integration is now live on mainnet. It connects real-world asset price data to autonomous software, according to a blog post published by Fetch.ai on October 8, 2020. Fetch.ai is a Cambridge-headquartered artificial intelligence… Read More

October 9, 2020 @ 12:00 pm By Omar Faridi  |  

We recently connected with Michael Rennie, a U.K.-based product manager for Mendix, a Siemens business and the global leader in enterprise low-code. Mendix pioneered the low-code product category 15 years ago. The low-code approach addresses the coder crunch, the growing demand for software applications, and… Read More

October 3, 2020 @ 7:43 am By Omar Faridi  |  

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More