Artificial Intelligence

February 1, 2024 @ 8:27 am By Omar Faridi  |  

Santosh Radhakrishnan, CCO at XYB, an end-to-end coreless banking platform, recently commented on the future of banking and the different challenges the financial services sector is facing. Santosh also talked about the key pain points that presently exist in the banking sector. XYB claims that… Read More

January 31, 2024 @ 7:37 am By Omar Faridi  |  

Nuant are pleased to announce their strategic partnership with Aisot Technologies, an AI-powered portfolio optimization specialist. This collaboration marks a significant advancement “in sophisticated financial tools, elevating risk assessment and strategy performance for institutional investors.” On one side, Nuant says they “elevate digital asset management… Read More

January 29, 2024 @ 11:26 am By Omar Faridi  |  

The global cybersecurity landscape is evolving at an unprecedented pace, presenting new challenges and opportunities for defenders and threat actors alike, especially with the rapid evolution of AI. In its latest industry findings global survey, EC-Council, inventor of the Certified Ethical Hacker (C|EH) and a… Read More

January 26, 2024 @ 11:29 am By Michael Wong  |  

Addlly AI, a Singapore-based Generative AI startup, announced the successful closure of its seed funding round, achieving a valuation cap of S$5 million. The fresh funding will be used for the strategic expansion of the company’s capabilities in AI-driven digital marketing, according to the announcement…. Read More

January 26, 2024 @ 11:26 am By JD Alois  |  

ieDigital is reporting that it has acquired ABAKA as part of a strategy to provide AI-powered Fintech to credit unions in the US. Typically, financial services firms like credit unions or smaller banks do not have the capacity to develop Fintech in house. Thus they… Read More

January 26, 2024 @ 11:09 am By Omar Faridi  |  

Axyon AI, an Italian AI fintech company, has closed its latest funding round led by the US-based venture capital firm Montage Ventures and accompanied by The Techshop SGR, alongside other angel investors. The investment round marks a new chapter in Axyon AI’s journey “towards revolutionising… Read More

January 25, 2024 @ 3:49 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) have jointly issued a warning regarding the rise of investment frauds involving the use of artificial intelligence (AI) –… Read More

January 22, 2024 @ 5:49 pm By Omar Faridi  |  

Worldcoin claims that it was created to help build a more human internet and a more inclusive digital economy. That ethos aligns with the founding principles of Friends With Benefits (FWB), a new kind of social network DAO working with creatives and builders “to platform… Read More

January 22, 2024 @ 2:31 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

January 18, 2024 @ 10:02 pm By Omar Faridi  |  

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

January 18, 2024 @ 1:19 pm By JD Alois  |  

  The Cambridge Centre for Alternative Finance (CCAF) was at Davos, Switzerland, today to present their latest findings on the Fintech revolution at the World Economic Forum.  The Future of Global Fintech: Towards Resilient and Inclusive Growth was published this month and introduced today, outlining… Read More

January 18, 2024 @ 9:40 am By JD Alois  |  

Deepfakes are a growing concern. As technology improves and AI services proliferate, it is getting easier for bad actors to create completely bogus content that intends to dupe the unsuspecting. Today, the Hong Kong Monetary Authority (HKMA) has issued a warning to the public to… Read More

January 18, 2024 @ 6:22 am By Omar Faridi  |  

Honeywell (NASDAQ: HON) announced the closing of a $300 million equity fundraise for Quantinuum, the integrated quantum computing company, at a pre-money valuation of $5 billion. The investment round is anchored by Quantinuum’s strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen… Read More

January 17, 2024 @ 9:20 pm By Omar Faridi  |  

Aisera, a pioneer of Generative AI solutions for the enterprise, announced that Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, has “leveraged Aisera’s technology to create DaveGPT – a generative AI assistant that offers self-service customer inquiry resolution.” Customized to Dave’s specific business needs,… Read More

January 17, 2024 @ 3:57 pm By Omar Faridi  |  

Ernst & Young LLP (EY US) announced the release of its inaugural Consumer Products and Retail Executive Pulse, which shows that amid “ongoing economic pressures, CPG and retail leaders alike are planning to invest in artificial intelligence (AI), supply chain and industry convergence to tap… Read More

January 17, 2024 @ 1:48 pm By Omar Faridi  |  

AI [artificial intelligence] will affect almost 40 percent of jobs around the world, “replacing some and complementing others.” So that’s why we may “need a careful balance of policies to tap its potential,” according to an update shared by the International Monetary Fund (IMF). In… Read More

January 16, 2024 @ 3:21 pm By Omar Faridi  |  

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled year-on-year, according to an update shared by PwC. At the same time, the proportion of CEOs concerned “about their long-term business viability has risen to 45%… Read More

January 14, 2024 @ 5:40 pm By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI) and Large Language Model (LLM) technology, OpsGPT uses transactions, settlements… Read More

January 14, 2024 @ 5:14 pm By Omar Faridi  |  

bunq, a Dutch digital banking platform, has started describing itself as “the first AI-powered bank in Europe.” However, like most firms that claim to leverage AI, there is more hype than actual value being delivered to consumers. During the past few years, artificial intelligence has… Read More

January 11, 2024 @ 6:26 pm By JD Alois  |  

Cyabra has announced that Mike Pompeo, the former Secretary of State and one-time CIA Director, has joined its Board of Directors. At the same time, Cyabra announced that it had completed a $5.7 million funding round. The securities offering was listed on the OurCrowd platform… Read More