Artificial Intelligence

May 15, 2024 @ 8:58 am By Omar Faridi  |  

bunq, which claims to be one of the largest neobanks in Europe, has taken a significant step forward to upgrade its user-facing AI assistant, Finn, to be fully conversational. The challenger has also “rolled out its worldwide one-time activation travel insurance, in partnership with Qover,… Read More

May 14, 2024 @ 11:29 am By Omar Faridi  |  

Palo Alto Networks (NASDAQ: PANW) and Accenture (NYSE: ACN) announced an expansion of their long-standing strategic alliance. New offerings will combine Precision AI technology from Palo Alto Networks and Accenture’s secure generative AI services to help organizations embrace “the potential of AI with cybersecurity.” The… Read More

May 13, 2024 @ 10:58 pm By Omar Faridi  |  

Mashreq, a financial institution in the MENA region, announced that it has selected Silent Eight to provide Name Screening and Adverse Media Alert Adjudication automation capabilities related to sanctions and anti-money laundering regulatory requirements. Silent Eight is a RegTech company whose artificial intelligence-based platform “offers… Read More

May 13, 2024 @ 7:42 am By Omar Faridi  |  

Upstart has reportedly received a subpoena from the US Securities and Exchange Commission (SEC) pertaining to the Fintech company’s disclosures as they relate to use of its AI algorithms/models and loans. This, according to Upstart’s quarterly filing released this past Tuesday. The California-headquartered alternative lender… Read More

May 11, 2024 @ 5:30 pm By Omar Faridi  |  

Widespread concerns are growing among US employees about escalating cybersecurity threats in the workplace, with 53% worried their organization will be the target of a cyber attack and a third (34%) worried that they may be the ones leaving their organization vulnerable due to their… Read More

May 10, 2024 @ 5:07 pm By Omar Faridi  |  

Threat actors are leveraging sophisticated technologies, like automated scripts and botnets, to amplify their card testing attacks, “allowing them to exploit vulnerabilities at an unprecedented scale and speed.” This, according to an update from Visa (NYSE:V). These attacks, known as enumeration attacks, “inflict operational expenses… Read More

May 9, 2024 @ 8:02 am By Omar Faridi  |  

Three-quarters of Australian companies are using or piloting Artificial Intelligence (AI) in financial reporting – and in three years time the number will be 100%, according to a KPMG International survey. The biggest leap will be in the use of Generative AI (GenAI), “currently being… Read More

May 8, 2024 @ 11:21 am By JD Alois  |  

The Securities and Exchange Commission (SEC), Investor Advisory Committee (IAC), has scheduled a meeting for June 6th. Topics include artificial intelligence (AI) and the ongoing discussion of investment advice. Regarding investment advice, the Committee worries that younger investors are receiving guidance from “non-traditional ways,” including… Read More

May 8, 2024 @ 10:24 am By JD Alois  |  

Singapore and the United Kingdom have enhanced their existing relationship in regard to Fintech development and utilization. The UK is the top western Fintech hub and Singapore represents the most robust Fintech center in Asia. The initiative was led by HM Treasury and the Monetary… Read More

May 8, 2024 @ 9:47 am By JD Alois  |  

Panax, a cash management platform powered by AI [artificial intelligence] and Open Banking, has raised $10 million in Series A funding. To date, Panax has raised $15 million. Panax targets mid-market and large firms with complex treasury demands. The service enables the management of numerous… Read More

May 7, 2024 @ 12:18 pm By JD Alois  |  

Wiz is reporting a $1 billion funding round that delivers a $12 billion valuation for the firm. In total, Wiz reports that it has raised $1.9 billion in funding. According to the company, the funding was led by big-name investors, including Andreessen Horowitz, Lightspeed Venture… Read More

May 7, 2024 @ 11:21 am By Omar Faridi  |  

Wolters Kluwer (EURONEXT: WKL), a global firm focused on professional information, software solutions, and services, today unveiled its dedicated AI center. The launch marks the company’s ongoing commitment “to combining deep domain knowledge with technology such as artificial intelligence (AI), which Wolters Kluwer has been incorporating… Read More

May 5, 2024 @ 9:52 pm By Omar Faridi  |  

Sui, the Layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is collaborating with Google Cloud to support the future of Web3, via a partnership with Mysten Labs. This joint effort… Read More

May 4, 2024 @ 2:02 pm By Omar Faridi  |  

CBInsights says that they mined earnings calls, analyzed business relationships, and dug into investments and acquisitions in order to survey the AI [artificial intelligence] activities of some of the world’s largest companies across industries. For many of the world’s largest companies, AI simply can’t be… Read More

May 3, 2024 @ 7:03 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has agreed to acquire Parsionate, a data consultancy specialized in data products and modern data foundation services, ranging from data strategy development to technology implementation. With deep industry-specific capabilities in the retail and industrial sector, as well as in the consumer goods… Read More

May 2, 2024 @ 10:18 am By JD Alois  |  

Artificial Intelligence (AI) firm Apex is reporting a $7 million Seed round led by big-name investors. According to Apex, which has just emerged from stealth, Sequoia Capital and Index Ventures led the funding. Other prominent investors included Sam Altman, CEO of OpenAI. Apexi is a security… Read More

May 2, 2024 @ 8:47 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has scheduled an “AI Day” for today (May 2, 2024). In advance of this gathering, the CFTC has appointed its first Chief Artificial Intelligence Officer.  CFTC Chairman Rostin Behnam has selected Dr. Ted Kaouk for the new role. Currently,… Read More

May 2, 2024 @ 8:35 am By Omar Faridi  |  

Borderless AI, an Employer of Record (EOR) services provider, announced its strategic partnership with Nium, the global enabler of real-time, cross-border payments, aiming to revolutionize cross-border payments in the EOR industry. This collaboration is said to mark a significant milestone in “enhancing efficiency, transparency, and… Read More

May 1, 2024 @ 3:32 pm By Omar Faridi  |  

Ernst & Young LLP (EY US) announced the release of its latest technology pulse poll, which examines the impact of artificial intelligence (AI) on the future of work — from integration to talent and culture. The poll, which was conducted in March 2024 and “surveyed… Read More

May 1, 2024 @ 10:00 am By Tony Zerucha  |  

Baselayer, a B2B platform utilizing proprietary Graph AI technology to fight fraud and optimize business onboarding, today emerged from stealth with a $6.5 million seed round and an experienced team of compliance and machine learning experts. The company has secured more than 20 customers, including… Read More