Tagged: ai

May 23, 2025 @ 12:39 pm By Omar Faridi  |  

Azentio Software, a technology enabler in the BFSI space, announces the launch of its Amlock anti-money laundering (AML) platform, bringing capabilities to financial institutions in the fight against financial crime. Enabled by advanced AI and machine learning, Amlock is “designed to significantly improve detection accuracy,… Read More

May 23, 2025 @ 7:23 am By Michael Wong  |  

New York-listed customer engagement platform Twilio Inc. has announced a multi-year strategic partnership with Microsoft aimed at accelerating the adoption of conversational artificial intelligence (AI) across enterprise customer engagement. The collaboration, unveiled during the company’s annual SIGNAL event, brings together Twilio’s robust customer engagement platform… Read More

May 22, 2025 @ 2:13 am By Omar Faridi  |  

World has reportedly raised $135M from Andreessen Horowitz and Bain Capital Crypto to fund network expansion. To date, more than “26M users participate in the World network and more than 12.5M people have an Orb-verified World ID.” To meet increasing demand for Orb-verified World IDs… Read More

May 21, 2025 @ 10:13 pm By Tony Zerucha  |  

Billtrust, a B2B order-to-cash and digital payments provider, has announced a series of AI advancements. The company’s AI solutions derive their intelligence from a large network of buyer-supplier relationships, creating a virtuous cycle of continuous learning and improvement. A multi-agent AI ecosystem uses specialized agents that collaborate… Read More

May 21, 2025 @ 12:57 pm By Omar Faridi  |  

Through an expansion of their partnership, Accenture (NYSE: ACN) and SAP SE (NYSE: SAP) have launched ADVANCE. The two companies have worked together to create a pathway to the cloud for organizations pursuing growth with “annual revenue of up to $5 billion to help create… Read More

May 20, 2025 @ 9:14 am By Omar Faridi  |  

Klarna, the AI-powered global payments and commerce network, announced its Q1 2025 results, unveiling consumer milestones, surging market traction, and exceptional returns from its AI strategy. Klarna is a Fintech that is widely expected to list its shares in an initial public offering (IPO) later… Read More

May 19, 2025 @ 7:22 am By Tony Zerucha  |  

Infosys (NYSE: INFY) has announced an expansion of its strategic collaboration with DNB Bank ASA  (DNB), Norway’s largest bank, to accelerate its digital transformation. The collaboration will leverage Infosys’ services, solutions, and platforms, including the Infosys Finacle platform, to accelerate their IT modernization journey, improve… Read More

May 19, 2025 @ 1:00 am By Omar Faridi  |  

Tether, which claims to be the largest company in the digital asset industry,  announced its upcoming QVAC (QuantumVerse Automatic Computer), a development platform for Infinite Intelligence, designed for humans and machines, that enables “scalable AI applications and agents to run directly on local devices without… Read More

May 18, 2025 @ 10:23 pm By Omar Faridi  |  

Openlayer, a unified platform for evaluation and governance of AI systems at the enterprise level, announced a $14.5 million Series A round, led by Race Capital with participation from NXTP, KPN Ventures, Mindset, Y Combinator, Quiet Capital, and Telefonica. The company will leverage the new… Read More

May 18, 2025 @ 1:39 pm By Tony Zerucha  |  

This week, Hedera announced the launch of AI Studio—an open-source, modular toolkit for building intelligent AI applications on its network. As AI enters a new era of autonomy, interoperability, and verifiability, AI Studio gives developers and enterprises a suite of tools to build powerful, trusted applications. The… Read More

May 17, 2025 @ 11:10 am By Omar Faridi  |  

CrediLinq, the AI-powered embedded finance platform that is enabling access to growth capital for underserved digital-first SMEs globally, announced the close of its $8.5 million Series A funding round. The funding round was led by OM/VC and MS&AD Ventures. New investors include Citi North America… Read More

May 16, 2025 @ 5:41 pm By Omar Faridi  |  

UniCredit, the pan-European commercial bank, and Google Cloud  announced the signing of an MoU outlining a 10-year agreement to accelerate UniCredit’s digital transformation. This collaboration will see UniCredit draw on Google Cloud’s best-in-class infrastructure, AI, and data analytics solutions to “streamline its digital architecture and… Read More

May 16, 2025 @ 9:01 am By Omar Faridi  |  

Perplexity announced that it has partnered with PayPal to power agentic commerce across its Perplexity Pro platform. Starting this summer in the U.S., consumers can “check out instantly with PayPal or Venmo when they ask Perplexity to find products, book travel, or buy tickets.” Aravind… Read More

May 15, 2025 @ 2:27 pm By Tony Zerucha  |  

As new impactful technologies emerge, insurance providers grapple with pricing risk properly. Effective solutions are developed by looking at relevant regulations and comparable industries. Providers must also develop a nuanced understanding of the technology. Alternative Intelligence (AI) has insurers considering all of the above, and… Read More

May 14, 2025 @ 10:18 pm By Omar Faridi  |  

Texas Attorney General Ken Paxton has secured a historic $1.375 billion settlement with Google, marking the largest state-level data privacy settlement in U.S. history. The agreement reportedly resolves two lawsuits filed in 2022 that accused Google of unlawfully collecting Texans’ personal data, including location information,… Read More

May 14, 2025 @ 2:19 pm By Omar Faridi  |  

TrueAccord, a Fintech specializing in digital-first debt collection, has been reinforcing its commitment to consumer-friendly practices. Through a strategic acquisition, a key appointment to a regulatory advisory committee, and insightful analysis of Q1 economic trends, TrueAccord is positioning itself as a key player in the… Read More

May 9, 2025 @ 5:51 pm By Omar Faridi  |  

Feedzai, the global firm focused on AI-native financial crime prevention,  released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. More than 50% of fraud involves the use of artificial intelligence. Generative AI… Read More

May 8, 2025 @ 5:43 pm By Omar Faridi  |  

Stripe announced new products designed to help businesses harness AI and stablecoins to accelerate their growth. Last year, businesses on Stripe processed “$1.4 trillion in total payment volume—up 38% from 2023 and equivalent to around 1.3% of global GDP.” In aggregate, the revenue that businesses… Read More

May 7, 2025 @ 4:57 pm By Omar Faridi  |  

SIFMA and Arteria AI announced a partnership to provide all US Treasury clearing participants a data-driven documentation platform to streamline and scale the onboarding, legal compliance, and operational systems integration with “respect to the mandated central clearing of US Treasury securities repurchase transactions, as required… Read More

May 6, 2025 @ 7:43 am By Omar Faridi  |  

The artificial intelligence (AI) sector is experiencing an unprecedented boom, as detailed in a recent CB Insights report analyzing Q1’25 trends. The research report noted that AI funding surged to a record $66.6 billion, a 51% increase quarter-over-quarter (QoQ), driven by massive investments in infrastructure… Read More