Artificial Intelligence

February 13, 2025 @ 7:45 am By Omar Faridi  |  

Research from PensionBee reveals that while UK savers are open to AI playing a role in pension customer support, they are not ready for a fully automated experience. PensionBee noted that 79% of survey respondents expressed preferences for “a mix of human and AI interaction… Read More

February 13, 2025 @ 7:40 am By Omar Faridi  |  

Socure, the provider of artificial intelligence (AI) for digital identity verification, compliance and fraud prevention, announced the general availability of its new RiskOS platform. RiskOS builds on Socure’s acquisition of Effectiv by integrating its orchestration and decisioning engine with Socure’s identity verification and fraud prevention… Read More

February 11, 2025 @ 3:17 pm By Tony Zerucha  |  

Brightwave, an AI-powered research and diligence platform for financial professionals, today announced a partnership with Quartr, a provider of earnings call data and investor relations materials. The integration enables investment teams to rapidly analyze public market data alongside private deal documents, helping them make faster,… Read More

February 11, 2025 @ 9:44 am By JD Alois  |  

The European Union (EU) has announced a commitment of €200 billion to boost development of artificial intelligence (AI). In a public statement at the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen announced the new funding to accelerate AI in… Read More

February 10, 2025 @ 9:37 am By Tony Zerucha  |  

While some trends are unmistakable, the key is to identify them before the market does. Smart investors do that by leveraging data from private markets, which can identify trends by analyzing activity between IPOs and other key events. Forge serves accredited seed and angel investors,… Read More

February 10, 2025 @ 8:51 am By Omar Faridi  |  

A recent report by CBInsights reveals the shifting landscape of corporate venture capital (CVC), with a strong emphasis on artificial intelligence (AI), early-stage deals, and a decline in investment activity in Asia. CBInsights revealed in the research report that during 2024, global CVC-backed funding rebounded… Read More

February 10, 2025 @ 5:58 am By Omar Faridi  |  

Cytora has announced the latest version of its digital risk processing platform, Cytora Platform 3.0. This updated version enhances the platform’s capabilities by utilizing agentic AI in a fully explainable manner. Agentic AI orchestrates teams of digitization agents that think, work, and explain like humans… Read More

February 9, 2025 @ 2:53 pm By Omar Faridi  |  

Several venture capital firms in Latin America are reportedly planning to increase their investments in startups offering loans and artificial intelligence products. According to a report from Bloomberg, these efforts are driven by the region’s potential for financial-technology growth. This focus on Fintech lending and… Read More

February 8, 2025 @ 8:55 am By Omar Faridi  |  

TaxGPT, the AI tax co-pilot for accounting and tax firms, announced it raised $4.6M in funding. The company is reportedly backed by the following: Rebel Fund, Mangusta Capital, Y Combinator, Launch, iSeed Ventures, Converge Fund, TRAC AI/VC Unicorn Fund, Goodwater Genesis, CRV Disrupt Fund, Principal… Read More

February 8, 2025 @ 8:37 am By Omar Faridi  |  

A recent collaboration between AdviserSoftware‎‎, part of FTRC, and InterGen Data, an AI-based financial lifetime events prediction service, has shed light on the potential risks associated with using DeepSeek, a popular AI tool. The analysis, conducted by Robert Kirk, founder and CEO of InterGen Data,… Read More

February 7, 2025 @ 8:02 am By Omar Faridi  |  

martini.ai, a provider of AI-driven credit analytics, announced the launch of Agentic AI Company Research, a solution that empowers businesses with comprehensive, real-time insights into individual companies’ credit profiles. By merging credit spread data with corporate information, this feature reportedly “provides decision-makers — including those… Read More

February 7, 2025 @ 6:06 am By Omar Faridi  |  

The EU AI provisions reportedly went into force on 2 February, 2025. Diyan Bogdanov, Director of Engineering Intelligence & Growth at Payhawk, the global spend management solution and Bulgaria’s “first” unicorn, explains that the EU AI Act isn’t “just another compliance burden — it’s a… Read More

February 5, 2025 @ 9:10 pm By Omar Faridi  |  

Algebrik AI, a cloud-native, AI-powered loan origination platform, has announced a partnership with Plaid, a data network powering the digital financial ecosystem. This collaboration aims to transform the loan origination process for credit unions and financial institutions by integrating Plaid’s consumer-permissioned data with Algebrik’s platform…. Read More

February 5, 2025 @ 6:16 pm By Omar Faridi  |  

A recent funding round has highlighted the growing demand for artificial intelligence (AI) solutions in the financial services industry.  The investment in Jump, a provider of AI tools for financial advisors, underscores the potential benefits of leveraging AI to streamline administrative tasks and enhance customer… Read More

February 5, 2025 @ 2:13 pm By Omar Faridi  |  

MongoDB, Inc. (NASDAQ: MDB) announced that Lombard Odier, a  Swiss private bank, partnered with MongoDB to enhance its banking tech systems. In collaboration with MongoDB, Lombard Odier has streamlined the modernization of its systems and apps with generative AI, “reducing technical complexity and accelerating the… Read More

February 5, 2025 @ 9:21 am By Omar Faridi  |  

Worldpay, a firm focused on payments tech and solutions, has announced that it entered into a definitive agreement to acquire Ravelin, an AI-native fraud prevention platform based in London, UK. The acquisition of Ravelin will complement and enhance Worldpay’s portfolio of solutions and enable merchants… Read More

February 5, 2025 @ 5:16 am By Omar Faridi  |  

PwC and Microsoft (NASDAQ:MSFT) announced a collaboration aimed at transforming industries with the power of AI agents. This collab seeks to harness AI’s potential to drive business value, “enhance customer engagement and streamline operations across various sectors.” This initiative between PwC and Microsoft focuses on… Read More

February 4, 2025 @ 10:17 pm By Omar Faridi  |  

JPX Market Innovation & Research, (JPXI), a provider of Japan’s financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflake’s platform. Data provision via Snowflake will enable market participants to get access to JPXI’s data… Read More

February 4, 2025 @ 10:13 pm By Omar Faridi  |  

Fuel Ventures, a UK venture capital firm, announced its investment of £2 million in Prosper, a wealth management platform targeting high net worth individuals that is shaking up the way wealth is managed by unlocking access to private markets and leveraging AI. The investment round… Read More

February 4, 2025 @ 5:13 pm By Omar Faridi  |  

As the threat of fraud rises with the increasing use of generative AI, traditional methods of verifying consumer information have become inadequate according to an update from Nova Credit. A study projects AI-driven fraud losses could reach “$40 billion by 2027, highlighting the urgent need… Read More