Artificial Intelligence

October 4, 2024 @ 8:40 am By Omar Faridi  |  

Online marketplaces are now considered to be a “prime” target for fraudsters, according to an extensive report shared by Juniper Research. Juniper Research explained that this is because there are different ways of gaining access to sensitive information that is stored online for digital commerce… Read More

October 3, 2024 @ 3:37 am By Omar Faridi  |  

Germany based companies are reportedly relying increasingly on generative AI as a performance driver. This, according to a research study shared by KPMG. The results of the KPMG study “Performance Improvement Strategy” highlight significant adoption of AI across businesses. More intense competition, difficult financing conditions… Read More

October 2, 2024 @ 7:53 am By Omar Faridi  |  

LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, releases a report, The Future of Wealth: Why Consistency Matters, highlighting the impact of Artificial Intelligence (AI) in wealth management. AI continues to transform the wealth management sector with 62% of wealth… Read More

September 30, 2024 @ 10:45 am By Omar Faridi  |  

BUSINESSNEXT, a global enabler of composable enterprise solutions for financial services, has partnered with MongoDB to support autonomous operations enhanced with predictive and generative AI for banking as well as insurance. Headquartered in New York, MongoDB enables industry participants to create, transform, and enhance various… Read More

September 30, 2024 @ 9:10 am By Tony Zerucha  |  

Twill founder and CEO Michael Wright is using his payments background and technological breakthroughs to bring the benefits of AI [artificial intelligence] and data analytics, previously only available to large companies and small- and medium-sized businesses. By consolidating data and providing enhanced analytics, Twill will… Read More

September 28, 2024 @ 10:43 am By Omar Faridi  |  

New World ID has reportedly launched now in Guatemala, Malaysia and Poland come at pivotal moment for AI. As explained in a blog post by WorldCoin, World ID orb verifications have been officially introduced across three new countries this week: Guatemala, Malaysia and Poland. The… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 21, 2024 @ 11:28 am By Omar Faridi  |  

Fathom, the AI-powered meeting intelligence platform that enables teams to have more productive conversations, announced it has raised $17 million in Series A funding led by Telescope Partners. Fathom’s seed investors reportedly include Maven Ventures, Character, Active Capital and Rackhouse Ventures. The company also reserved… Read More

September 20, 2024 @ 2:59 pm By Omar Faridi  |  

The continued disruption around the world has put most of the Sustainable Development Goals (SDGs) out of reach, with only 17% of set targets currently on track to meet the 2030 deadline. Concurrently, the emergence of generative AI is “reshaping the world of business, with… Read More

September 20, 2024 @ 9:57 am By Omar Faridi  |  

UK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG’s CEO Outlook survey. KPMG surveyed more than 1,300 CEOs around the… Read More

September 19, 2024 @ 8:59 am By Omar Faridi  |  

Orb, the modern billing platform reimagining how businesses monetize software, today announced $25M in Series B funding led by Mayfield, with participation “from existing investors Menlo Ventures, Greylock Partners, South Park Commons, Basecase, and Scribble Ventures and new investor Uncorrelated Ventures.” The new round brings… Read More

September 19, 2024 @ 8:54 am By Omar Faridi  |  

BlueFlame AI, a provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, announced the launch of Nexus. The innovative AI-powered solution is designed to transform the way firms “find, analyze, and report on the unstructured data contained within their various… Read More

September 16, 2024 @ 11:43 am By Omar Faridi  |  

The Spanish entrepreneurial ecosystem is experiencing significant growth in the adoption and development of advanced technologies, with a particular “focus on software platforms, artificial intelligence (AI) and analytics.” This is the key takeaway from the fifth edition of the research study ‘Analysis of a next… Read More

September 16, 2024 @ 11:37 am By JD Alois  |  

Propy is a Proptech that aims to provide “self-driving transactions for agents, home buyers, and sellers.” Propy leverages blockchain technology and artificial intelligence (AI) to power its platform. Founded by CEO Natalia Karayaneva, the entrepreneur aims to put real estate assets on-chain. In a company statement,… Read More

September 16, 2024 @ 7:41 am By Omar Faridi  |  

Zoho Corporation, a global technology company, launched a new version of Zoho Analytics—Zoho’s self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has “developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation.”… Read More

September 14, 2024 @ 5:00 pm By Omar Faridi  |  

BCB, Brazil’s central bank, says that it is now focused on accelerating the introduction of AI into its business processes. BCB notes in a recent announcement that this will aim to serve as “a new Center of Excellence will serve as a community of practice… Read More

September 13, 2024 @ 8:32 am By Omar Faridi  |  

KYC/KYB (Know Your Customer/ Know Your Business) systems is a rapidly evolving area of technology which must compensate for the constant increase in volume and complexity of online financial crime. This, according to an extensive report from Juniper Research. Juniper Research explains the role of… Read More

September 12, 2024 @ 10:16 am By Omar Faridi  |  

State chief information officers (CIOs) and state chief digital officers (CDOs) recognize the importance of high data quality — especially as a critical determinant of successful artificial intelligence (AI) — but a majority have concerns about data quality, according to a new report released by… Read More

September 9, 2024 @ 8:11 am By Omar Faridi  |  

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

September 8, 2024 @ 6:56 pm By Tony Zerucha  |  

Results of a recent J.D. Power survey suggest consumers are growing more comfortable with artificial intelligence in financial services, but the concept isn’t over the hump just yet. J.D. Power surveyed more than 2,000 financial services customers in the United States about their utilization and… Read More