Tagged: ai

May 23, 2024 @ 8:40 am By Omar Faridi  |  

After years at the forefront of projects and research based on artificial intelligence (AI), BBVA takes a “decisive step” in the use of generative AI in its main markets. On the one hand, it has prioritized “around 100 projects that will be developed with different… Read More

May 22, 2024 @ 8:35 am By Omar Faridi  |  

The European Council has now approved a law aiming to harmonise rules on artificial intelligence, the so-called artificial intelligence act. The flagship legislation follows a ‘risk-based’ approach, which means “the higher the risk to cause harm to society, the stricter the rules.” It is the… Read More

May 21, 2024 @ 8:44 am By Tony Zerucha  |  

A replacement of Factris’ FAB (Finance Automation for Business) platform has been released simultaneously across all five of Factris’ markets. These are Belgium, the Netherlands, Poland, Latvia, and Lithuania. Improvements include offering more types of financing, faster approval, direct control of accounts, and easier access to funds thanks to the platform’s… Read More

May 19, 2024 @ 11:35 am By Tony Zerucha  |  

Pagos, a provider of payments optimization solutions, recently announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. “It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge because you don’t necessarily know what… Read More

May 16, 2024 @ 6:34 pm By Omar Faridi  |  

Applied research from the Worldcoin Foundation and TACEO, a team of cryptography engineers, has advanced the biometric template protection and enabled the secure deletion of Worldcoin’s previous iris code system. Working within a field of cryptography “known as secure multi-party computation (SMPC), Worldcoin and TACEO… Read More

May 16, 2024 @ 8:39 am By Omar Faridi  |  

Generative AI is becoming increasingly relevant for German companies: More than half of the companies (53 per cent) are planning to significantly expand their investment activities, according to an update from KPMG. More than half of these companies even want “to increase their investments by… Read More

May 16, 2024 @ 8:37 am By Omar Faridi  |  

Smart Pension, the UK’s workplace pension provider, joins an industry consortium to accelerate the development and adoption of trustworthy AI solutions within the financial services sector. The consortium is led by Stratiphy, a London fintech company “making personalized investment solutions scalable, and has been awarded… Read More

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 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 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

April 30, 2024 @ 8:38 am By Omar Faridi  |  

MicroStrategy Incorporated (Nasdaq: MSTR), which claims to be the largest corporate holder of bitcoin and the largest independent publicly-traded business intelligence company, announced financial results for the three-month period ended March 31, 2024 (the first quarter of its 2024 fiscal year). While Bitcoin is off… Read More

April 28, 2024 @ 11:17 pm By Omar Faridi  |  

Powering embedded banking/BaaS, The Bank of London launches TBOL AI code assistant enabling rapid integration with banking APIs. The Bank of London officially introduces the TBOL Artificial Intelligence code assistant, using generative AI capabilities powering clients and developers “to build at speed, applications, products and services via The Bank… Read More

April 25, 2024 @ 4:13 pm By Omar Faridi  |  

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More

April 25, 2024 @ 7:21 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of Artificial Intelligence (AI) innovation across the Zilch proposition. Zilch will continue to use AWS AI and ML services “to transform… Read More

April 23, 2024 @ 9:44 pm By Omar Faridi  |  

VC activity has remained consistent throughout the VC downturn since Q3 2022, “leaving aside the tech giant megadeals that commit upfront funds for future cloud purchases,” according to an update from PitchBook. PitchBook notes in a report that they have “tracked $22.3 billion invested in… Read More

April 22, 2024 @ 10:03 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched its next generation Document Verification (DocV) solution, purpose-built “to tackle the rash of stolen identities, spoofing, and highly sophisticated deepfake attacks that are accelerating in their complexity across nearly… Read More

April 22, 2024 @ 8:23 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, and Milkywire, an environmental impact platform, have launched a new fund to open to tech and finance companies which want to invest directly in impactful projects to contribute to global biodiversity targets but don’t know where… Read More

April 20, 2024 @ 11:21 am By Omar Faridi  |  

Mulberri, an AI-driven insurance platform, announced it has partnered with Acronis, a global leader in cyber protection, to embed Mulberri’s Cyber Insurance to Acronis small & medium-sized businesses customers based in the US. Through this partnership, Acronis customers can “opt-in for Mulberri’s embedded Cyber Insurance… Read More

April 17, 2024 @ 6:11 pm By Omar Faridi  |  

Bridgewise, the AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The investment round was reportedly “led by SIX Group with participation from Group11, L4 Venture Builder, and other global… Read More