Artificial Intelligence

December 14, 2024 @ 1:45 pm By Omar Faridi  |  

Experian announced its 2024 Global Identity & Fraud Report that provides a view of the consumer and business response to the fraud patterns and fraud‑mitigation strategies in the financial services sector. The research study offers meaningful insights from more businesses and fraud prevention professionals, as… Read More

December 14, 2024 @ 1:22 pm By Omar Faridi  |  

Ireland’s Research, Development & Innovation (RDI) sector continues to drive growth and employment, but without funding it risks dependence on foreign technology and diminishing competitiveness, according to the Ireland’s Innovation Index Pulse Survey, which surveyed more than 500 Irish firms. IRDG and KPMG conducted Ireland’s… Read More

December 14, 2024 @ 11:30 am By Omar Faridi  |  

Nubank (NYSE: NU) is expanding Pix using generative artificial intelligence, both on its app and via WhatsApp. More customers can transfer money by giving commands using audio, text, and image messages, “ensuring convenience, speed, alongside a smoother experience and safety.” Pix with AI in the… Read More

December 13, 2024 @ 8:03 am By Omar Faridi  |  

Nearly 1 in 2 new unicorns is an AI company, according to an extensive update from CBInsights. CBInsights has reportedly examined every billion-dollar startup around the globe and breaks down what they think are emerging “areas of opportunity.” As noted in the research report from… Read More

December 11, 2024 @ 11:11 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

December 10, 2024 @ 10:12 pm By Omar Faridi  |  

Cross River CEO Gilles Gade has applauded David Sacks’ nomination, calling it a win for Fintech, crypto, and AI regulation. Gilles Gade, Founder and CEO at Cross River Bank, noted that David Sacks’ nomination as ‘AI & Crypto Czar’ could be a pivotal moment for… Read More

December 10, 2024 @ 3:00 pm By JD Alois  |  

The team at the Cambridge Centre for Alternative Finance (CCAF), along with the WEF [World Economic Forum] and Max Planck Institute, have published a report on Artificial Intelligence (AI), claiming that Agentic AI is poised to revolutionize financial services. Agentic AI is tech that can… Read More

December 9, 2024 @ 5:53 pm By Tony Zerucha  |  

CEO Ryan Campbell wishes he had access to MoneyThumb’s automated document evaluation and fraud solutions when he ran other Fintech companies earlier in his career. Over the past seven years, he’s seen MoneyThumb grow into a trusted service provider to hundreds of lenders and thousands… Read More

December 9, 2024 @ 10:53 am By Omar Faridi  |  

The Commodity Futures Trading Commission’s Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants has recently issued a staff advisory on the use of artificial intelligence in CFTC-regulated markets by “registered entities and registrants.” The advisory reminds CFTC-regulated entities of their obligations under… Read More

December 9, 2024 @ 8:36 am By Tony Zerucha  |  

AI’s growing spectre, geopolitical conflict, and surging energy demand are deVere Group CEO Nigel Green’s three biggest trends shaping 2025. Investors who align their portfolios with these forces are set to capitalize on significant opportunities amid turbulent times. Geopolitical tensions are escalating across multiple regions…. Read More

December 8, 2024 @ 11:00 pm By Omar Faridi  |  

2025 Citi Hildebrandt Client Advisory reports significant law firm industry revenue growth was driven by increasing demand. Demand was pivotal to growth in 2024, ignited by a diverse range of law firm practices including “litigation, regulatory, bankruptcy.” Optimism will continue as a key theme in… Read More

December 7, 2024 @ 2:33 pm By Omar Faridi  |  

Experian — the data and technology company — announced it has acquired Audigent, a data activation and identity platform in the advertising industry. The acquisition reportedly expands Experian’s integrated marketing data and identity capabilities in the advertising ecosystem. With the addition of Audigent’s combined first-party… Read More

December 7, 2024 @ 2:28 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announces a partnership with PetProov, an online platform that verifies pet buyers, breeders, and adopters. The collab will equip the PetProov platform with the Entrust Onfido identity verification (IDV) to bring “transparency, accountability, and… Read More

December 5, 2024 @ 7:25 pm By Omar Faridi  |  

The pressure is on for companies to turn AI investment into impact, according to PwC’s 2024 Global Investor Survey. The majority or 73% of investors say companies should “deploy AI solutions at scale, as overwhelmingly 66% expect the companies they invest in to deliver productivity… Read More

December 5, 2024 @ 5:06 pm By Omar Faridi  |  

Australian companies’ use of AI in their finance functions is growing steadily – and the Return on Investment (ROI) on AI is exceeding, or at least meeting, expectations, a KPMG International study has found. And a quarter or 25% of Australian and overseas organizations are… Read More

December 4, 2024 @ 4:26 pm By Omar Faridi  |  

PwC announced a collaboration agreement with Amazon Web Services (AWS) to help drive innovation using the advancements in cloud and generative AI (GenAI) services. The collaboration will now aim to bring together PwC’s industry insights with AWS’ GenAI services, including Amazon Bedrock, which offers a… Read More

December 3, 2024 @ 9:41 pm By Omar Faridi  |  

9fin, the AI-enhanced analytics platform for debt capital markets, has raised $50m in a Series B round led by Highland Europe, with participation from existing investors Spark Capital, Redalpine, Seedcamp, 500 Startups and Ilavska Vuillermoz Capital. The proceeds from the round will enable 9fin to… Read More

November 30, 2024 @ 6:09 pm By Tony Zerucha  |  

This week, Zetaris, a provider of AI data hub solutions, launched a suite of agentic AI capabilities for financial services, including AI Digital Brokers, AI Bankers, and other specialized AI solutions. Zetaris AI agents augment human expertise and empower financial professionals to focus on complex,… Read More

November 28, 2024 @ 1:40 pm By Omar Faridi  |  

Commonwealth Bank of Australia (CBA) has outlined how artificial intelligence is helping to transform the experiences it delivers to its 10 million-plus customers. At a key update in Sydney, the CBA reportedly showcased the role technology and AI are playing in delivering a number of… Read More

November 26, 2024 @ 4:35 pm By Omar Faridi  |  

iwoca, one of Europe’s SME lenders, announces access to a £500,000 fund to help small businesses and employees build skills in artificial intelligence (AI) and data analytics. Teaming up with learning provider Multiverse, iwoca can now transfer half of its unused apprenticeship levy (~£250,000) to… Read More