Artificial Intelligence

November 14, 2023 @ 6:22 am By Omar Faridi  |  

Accenture (NYSE: ACN) will launch a network of generative AI studios in North America where companies can explore ways to optimize and reinvent their business through the responsible use of generative AI applications. Clients interested in pursuing commercial uses of generative AI “will be able… Read More

November 11, 2023 @ 12:45 pm By Omar Faridi  |  

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

November 11, 2023 @ 6:43 am By Omar Faridi  |  

Veriff, a global identity verification (IDV) provider, announced significant updates to its fully automated IDV product. The solution uses advanced machine learning “to enable a 100% automated identity verification process with zero human involvement.” With the enhanced IDV solution, customers “have access to a fast… Read More

November 10, 2023 @ 11:23 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the welcoming of its two millionth customer. The pace to achieve the second million customers “was 35% faster than the first million, which was achieved in late 2020, while premium… Read More

November 9, 2023 @ 12:15 pm By JD Alois  |  

Era, an AI-augmented Wealthtech, has raised $3.1 million in seed funding, according to a corporate statement. Investors include Northzone, who led the round, with participation from Protagonist and Designer Fund. The company explains that it seeks to “level the playing field” in regard to financial… Read More

November 9, 2023 @ 11:26 am By JD Alois  |  

Recently, there have been various reports about the decline in venture capital funding. VC money is a key component in funding risky early-stage ventures. While only a fraction of the investments may drive results, some of these companies may turn into revolutionary platforms or launch… Read More

November 9, 2023 @ 9:03 am By Omar Faridi  |  

Visa (NYSE: V), a digital payments provider, announced the launch of its AI Advisory Practice. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting arm of Visa, focuses on providing actionable insights and recommendations to empower clients to unlock the… Read More

November 8, 2023 @ 5:16 pm By Omar Faridi  |  

Black Ore, an AI platform for financial services, launched today and announced $60 million in financing led by a16z and Oak HC/FT. The company plans to use the funds from the investment round to onboard new customers, “grow its team, and accelerate the development of… Read More

November 7, 2023 @ 9:53 pm By Omar Faridi  |  

NatWest and IBM (NYSE: IBM) announced enhancements to the bank’s virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative… Read More

November 6, 2023 @ 9:29 am By Omar Faridi  |  

Onfido, the global automated identity verification, released the results of a study surveying over 1,500 business leaders, examining perceptions, challenges and usages of artificial intelligence (AI). Respondents were from financial services, gaming, retail, healthcare, transportation, legal and telecom industries, “across the US, UK, and Italy.”… Read More

November 5, 2023 @ 3:42 pm By Omar Faridi  |  

Guidde, the video documentation platform harnessing generative AI, today announced a $11.6 million Series A funding round led by Norwest Venture Partners, joined by existing investors Entrée Capital, Honeystone Ventures, Crescendo Ventures, and new investor Tiferes Ventures. The Series A investment round comes “within a… Read More

November 3, 2023 @ 10:40 am By Omar Faridi  |  

Glia, the customer interaction leader unifying Digital Customer Service (DCS), phone and automation on a single platform, is offering new generative AI tools to help financial institutions drive efficiency and improve the customer experience in a safe, secure way. Justin DiPietro, Co-Founder and Chief Strategy Officer of… Read More

November 3, 2023 @ 9:35 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced a unique new capability to its market-leading e-signature solution, OneSpan Sign, to give organizations a better way “to safeguard the provenance of a document against emerging security threats.” The newest addition to OneSpan’s portfolio, Trust Vault,… Read More

November 1, 2023 @ 10:07 pm By Omar Faridi  |  

9fin, a provider of AI-powered data, news and analytics for debt capital markets, has today announced the launch of “9fin AI”. The powerful 9fin AI tool enables clients “to ask questions about companies within the debt capital markets and get high quality answers in real… Read More

November 1, 2023 @ 3:37 pm By Omar Faridi  |  

MDOTM Ltd, the global provider of AI-driven investment solutions for banks, insurance, asset and wealth management companies, and Analysis S.p.A, the Italian firm that has been providing integrated software solutions for the financial and wealth management industry for over 30 years, announce a partnership in… Read More

November 1, 2023 @ 8:37 am By Omar Faridi  |  

Shield AI, the defense technology company building the AI pilot for aircraft, today announced it has raised $200 million in Series F funding in an oversubscribed funding round. This latest investment round, “led by U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures, with… Read More

October 31, 2023 @ 5:16 pm By Omar Faridi  |  

Featurespace, the enterprise grade technology that prevents fraud and financial crime, has launched TallierLTM– the Large Transaction Model (LTM). TallierLTM, a foundation AI technology for the payment and financial services industry, “is a large-scale, self-supervised, pre-trained model designed to power the next generation of AI… Read More

October 31, 2023 @ 6:46 am By Omar Faridi  |  

In an era where digital transformation is reshaping the insurance landscape, Snapsheet, a frontrunner in claims management technology, and Foundation AI, a transformative document processing solution, are proud to announce their strategic alliance. This collaboration underlines “a significant synergy of AI-powered document processing with claims… Read More

October 27, 2023 @ 4:47 pm By Omar Faridi  |  

Synechron, Inc., a global digital transformation consulting firm focused on the financial services and big technology organizations, announced the launch of its RiskTech.AI Accelerators program. The program offers a suite of five solutions “that strategically integrate cutting-edge Artificial Intelligence (AI) or Generative AI (GenAI) tools… Read More

October 26, 2023 @ 10:09 pm By Omar Faridi  |  

Mastercard (NYSE: MA) announced the expansion of its consulting business with the launch of new practices dedicated to artificial intelligence and economics “to help clients across all industries rapidly and responsibly advance the use of AI and address ever-shifting macro-economic forces and consumer preferences.” The… Read More