Artificial Intelligence

June 23, 2024 @ 7:52 pm By Omar Faridi  |  

Trustwise, an enabler of generative AI application performance and risk management, announced its official launch, the release of its Optimize:ai product, and $4 million in seed financing. Led by Hitachi Ventures with participation from Firestreak Ventures and Grit Ventures, this investment round will “enable the… Read More

June 23, 2024 @ 7:38 pm By Omar Faridi  |  

Verituity, a provider of intelligent, verified payouts solutions, announced the close of an $18.8 million funding round led by Sandbox Industries and Forgepoint Capital with the participation of Ardent Venture Partners and MTech Capital. Chris Zock, Managing Partner and Co-CEO of Sandbox Industries, will join… Read More

June 23, 2024 @ 7:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCino’s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

June 22, 2024 @ 10:32 pm By Omar Faridi  |  

Brankas and Global Finteq announced a partnership to launch one of the first Lending-as-a-Service (LaaS) platforms in the Philippines. Established banks, rural banks, and even non-traditional financial institutions are “now able to lend at scale as existing loan products can now exist outside of the… Read More

June 22, 2024 @ 6:37 pm By Omar Faridi  |  

Mymanu, an AI-powered, “patent-pending” translation-embedded Clik Pro earbuds provider seeks to enhance cross-cultural communication and have raised £270,489 from 53 investors (at the time of writing) via its crowdfunding campaign carried out via Crowdcube. As explained by its developers, with Mymanu there are “no smartphone… Read More

June 22, 2024 @ 5:43 pm By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform announces the appointment of Chris Shayan as the new Head of Artificial Intelligence. This strategic move is set to significantly “advance Backbase’s AI vision and adoption across its tech offering, reinforcing its commitment to re-architecting banking around… Read More

June 22, 2024 @ 5:36 pm By Tony Zerucha  |  

Most U.S. businesses are seeing an increase in fraud, and key decision-makers see the need for vigilance. Those are among the findings of Veriff’s U.S. Fraud Industry Pulse Survey for 2024. Almost 87% of companies saw an increase in online fraud in 2023, while 78%… Read More

June 19, 2024 @ 12:41 pm By Omar Faridi  |  

BlackRock (Nasdaq: BLK) recently noted that there’s broad agreement among portfolio managers that a concentrated group of AI winners “will drive returns over a short-term tactical horizon.” BlackRock also mentioned in a recent market update that US stocks reached record highs and bond yields fell… Read More

June 18, 2024 @ 11:21 am By JD Alois  |  

Zencity has raised $40 million in Series C funding, according to the company. The Artificial Intelligence (AI) firm aims to offer community engagement platforms for local governments. The funding round was led by StepStone Group, with participation from existing investors TLV Partners. In total since inception,… Read More

June 17, 2024 @ 8:20 am By Tony Zerucha  |  

Brightwave, an AI-powered financial research assistant, this week announced $6 million in seed funding. The round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors from OpenAI, Databricks, Uber, and LinkedIn. Founded by engineers with deep knowledge in AI… Read More

June 16, 2024 @ 5:00 pm By Omar Faridi  |  

Further building on its GenAI focus in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech Broadridge Financial Solutions Inc. (NYSE:BR), announced GenAI-powered List Trading functionality. The new feature allows users “to leverage GPT technology to generate and execute… Read More

June 15, 2024 @ 10:08 am By Michael Wong  |  

Ant Group, the Fintech arm of Chinese tech major Alibaba, ramped up its research and development expenditures to a record 21.2 billion yuan ($3.05 billion) last year, according to its latest sustainability report. This move highlights the company’s increasing focus on technology innovations, including artificial… Read More

June 14, 2024 @ 5:18 pm By Omar Faridi  |  

Remote working Fintech Deel has introduced a new AI tool for enhancing various tasks. Deel says that this Ai tool helps with double-checking compliance rules. It assists with digging into your global workforce data, and then “making smarter business decisions faster using AI.” As explained… Read More

June 13, 2024 @ 2:14 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new Layer 2 (L2) network that “introduces a novel approach to on-chain security.” The network safeguards users “with sequencer-level security and… Read More

June 13, 2024 @ 12:18 pm By Tony Zerucha  |  

A report from Commonwealth highlights the ways AI can improve the financial lives of people with low to moderate incomes. It is the result of a three-year project supported by JPMorgan Chase. The firms said it is urgent to research and identify the ways in… Read More

June 12, 2024 @ 8:33 am By Omar Faridi  |  

Mistral AI is announcing €600M in Series B funding for their first year of operations. Mistral AI said the funding from the investment round will accelerate its roadmap as it continues to bring frontier AI into everyone’s hands. The company is developing various generative AI… Read More

June 11, 2024 @ 12:34 pm By Tony Zerucha  |  

This past week, RegGenome, a University of Cambridge commercial spin-out, launched its enriched regulatory data repository powered by GenAI. The solution utilizes advanced AI technologies to power regulatory solutions and support sustainable business operations. The imbalance of regulatory turbulence and compliance capabilities is driving the need… Read More

June 11, 2024 @ 9:41 am By Nick Morgan  |  

Navigating the Future of Innovation with Lou Kerner: Insights from CryptoOracle Collective In a recent episode of Capital Ideas, hosts Nick Morgan and Dara Albright welcomed Lou Kerner, founder of the CryptoOracle Collective and Crypto Mondays. The discussion delved into the challenges and opportunities facing… Read More

June 11, 2024 @ 8:27 am By Omar Faridi  |  

NatWest is announcing the launch of Cora+, an upgrade to its digital assistant, Cora, developed in collaboration with IBM. NatWest is to introduce the new version of Cora during London Tech Week and will “be one the first banks in the UK to deploy generative… Read More

June 11, 2024 @ 6:23 am By Omar Faridi  |  

Conversational AI provider boost.ai announced Credit Union of Colorado and Desert Financial Credit Union (DFCU) as new customers alongside a partnership with Pindrop, industry participants focused on voice security solutions. The news reinforces the company’s continued growth in “the US market, following its recent launch… Read More