Artificial Intelligence

November 8, 2024 @ 5:53 pm By Omar Faridi  |  

Ant International, a digital payment and financial technology provider headquartered in Singapore, has been enhancing its integration of AI technologies to support and secure millions of daily cross-border transactions for merchants across 200+ markets. Yang Peng, Chief Executive Officer of Ant International said that integration… Read More

November 8, 2024 @ 9:39 am By Omar Faridi  |  

NatWest has shared an update on the fastest growing scams of 2024. The update from UK’s NatWest noted that an increase in fake parcel delivery texts, social media marketplace scams and AI voice cloning “during the last 12 months.” This, according to the analysis from… Read More

November 7, 2024 @ 5:56 pm By Omar Faridi  |  

Jumio’s identity verification solutions helping global social media company streamline KYC, improve conversions and meet regulatory requirements Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced its partnership with Riley Cillian to streamline eKYC for the social media platform’s video… Read More

November 5, 2024 @ 7:19 am By Omar Faridi  |  

Experian research released recently highlights a strong interest among U.S. consumers in using generative AI for personal financial management. The tech and data company has reportedly surveyed consumers across the country to understand current perceptions about generative AI and how frequently Americans are tapping into… Read More

November 3, 2024 @ 6:20 pm By Omar Faridi  |  

CBInsights has released the latest State of AI Q3’24 Report. CBInsights noted that the quarterly AI (artificial intelligence) deal count surged to reach “highest” level since Q1’22 peak. In Q3’24, CBInsights revealed that the global AI deal count surged “24% QoQ to reach 1,245 —… Read More

November 3, 2024 @ 4:24 pm By Omar Faridi  |  

Quantiphi, an AI-powered digital engineering company, announced a multi-year partnership with Google Cloud to advance enterprise adoption of generative AI and expand its product, engineering and resources to address the demand for Google Cloud’s AI technologies. The partnership builds on the companies’ history of accelerating… Read More

November 3, 2024 @ 4:16 pm By Omar Faridi  |  

FLock.io, a platform for federated learning on blockchain, announced that it has entered into an MoU with Animoca Brands, the company driving digital property rights via NFTs and gaming to help build the open metaverse, to explore “co-creation opportunities” for domain-specific AI models using FLock.io’s… Read More

November 3, 2024 @ 4:09 pm By Michael Wong  |  

Warburg AI, a UAE-based artificial intelligence company specializing in financial services, has raised $250,000 in seed funding to accelerate the development of its AI-driven financial solutions, according to an announcement. Founded in September 2024 in Sharjah by entrepreneurs Ben Feaver, Lancelot de Brier, and Madiyar… Read More

November 2, 2024 @ 5:25 pm By Omar Faridi  |  

Artificial intelligence is increasingly finding its way into the cloud, according to a report from KPMG which revealed that 97 per cent of companies in Germany that use cloud services obtain their AI (artificial intelligence) solutions from cloud providers. The research report noted that the… Read More

October 30, 2024 @ 10:25 pm By Omar Faridi  |  

Experian announced the launch of Experian Assistant, a generative AI-enabled solution that accelerates the modeling lifecycle, slashing model-development timelines from months to days. Integrated with Experian Ascend Technology Platform, this solution reportedly empowers users to leverage their data for analytics with less effort. The world’s… Read More

October 30, 2024 @ 3:14 pm By Omar Faridi  |  

Lunar, the Nordic challenger bank, announces the launch of its AI Voice Assistant, marking a milestone as the European bank to introduce GenAI Native Voice tech. Powered by the GPT-4o model, the GenAI Native Voice Assistant will help make banking accessible to all demographics, offering… Read More

October 29, 2024 @ 10:46 pm By Omar Faridi  |  

Most Australian tech professionals (81%) feel it is challenging to keep up with the pace of change, with 76% acknowledging their own role has evolved significantly over the last couple years, according to research from KPMG. Research for the KPMG Global Tech Report has recently… Read More

October 29, 2024 @ 4:53 pm By Omar Faridi  |  

Novaprime, a mortgage technology company dedicated to making homeownership more affordable, has recently announced that it makes its public debut with the launch of its AI-powered Loan Quality Platform. The platform is designed to improve the mortgage process by quickly evaluating loan integrity, “reducing processing… Read More

October 29, 2024 @ 11:27 am By JD Alois  |  

Bridgewise says its services are now integrated with SIX – the operator of the Swiss Stock Exchange. Bridgewise offers artificial intelligence (AI) solutions. According to a statement from the company, its product is now integrated into SIX iD. SIX iD provides global financial information for… Read More

October 29, 2024 @ 10:00 am By Omar Faridi  |  

Quantexa, a global enabler of Decision Intelligence (DI) solutions for the public and private sectors, announced that it has surpassed $100 million in annual recurring revenue (ARR). This update sees Quantexa achieve Centaur status, thus joining a group of SaaS businesses recognized in this category… Read More

October 28, 2024 @ 2:27 pm By Omar Faridi  |  

Innovative tech in stationary retail optimizes processes and has a positive impact on the shopping experience for consumers in Germany, according to a new report. One example of this is self-checkout tills (SCO tills). While they are still used more frequently by younger customers, the… Read More

October 27, 2024 @ 4:40 pm By Omar Faridi  |  

Accenture (NYSE:ACN) has announced recently that it made an investment, through Accenture Ventures, in Reality Defender, an RSA Innovation cybersecurity company specializing in deepfake detection. Accenture and Reality Defender will now aim to equip clients in the financial services, and high-tech industries with the “ability… Read More

October 27, 2024 @ 4:29 pm By Michael Wong  |  

Wa’ed Ventures, the venture capital arm of Saudi Aramco, has allocated $100 million to invest in early-stage artificial intelligence (AI) startups. The fund aims to accelerate Saudi Arabia’s push to enhance its competitiveness in the global AI sector, Bloomberg reported. The investment will be deployed… Read More

October 26, 2024 @ 10:58 am By Omar Faridi  |  

Bank of America (NYSE: BAC) claims that it remains dedicated to the use of innovative tech to address the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) “granted patents… Read More

October 25, 2024 @ 4:05 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, fraud prevention and sanction screening, has signed an agreement to acquire Effectiv, a real-time risk decisioning company, for $136M. The acquisition is expected to close in November of this year. This acquisition pairs Socure’s digital… Read More