Tagged: ai

Fintech ForwardLane Introduces Generative AI Platform to Streamline Financial Services

ForwardLane, the provider of AI-powered intelligence solutions, announces today the launch of its new generative decision intelligence platform EMERGE “to help solve many enterprise challenges such as data transparency, data privacy and data security issues within the wealth, asset management and insurance industries.” Following conversations… Read More

Fintech Payment Components, Brillio to Provide Payments Solutions Worldwide

Payment Components, which claims to be an expert in AI, payments and open banking solutions, is announcing the partnership with Brillio, a digital transformation services provider. The partnership between the two companies is “part of Payment Components’s vision to empower ISO 20022 / CBPR+ adoption… Read More

Acuity Trading, a Provider of AI-Enhanced Trading Tools, Introduces Product Offering Actionable Insights for Traders

Acuity Trading, a global provider of AI data-driven trading tools, unveils a brand new product creating unique, actionable insights for brokers and traders. The latest innovation from news technology company Acuity Trading is here: ‘NewsIQ,’ a unique tool designed “to turn media coverage analysis into… Read More

Zinia AI, which Empowers Firms to Optimize Business Decisions with Generative Artificial Intelligence, Acquires Funding via Seedrs

Zinia AI, which says that it empowers organizations to optimize their business decisions with Generative AI platform, has secured 131% (£263,927) of its £200,004 target from 217 investors at the time of writing, through Seedrs, with just 5 days left in the initiative’s ongoing crowdfunding campaign…. Read More

AI, Climatetech Sectors in Australia Defy Slowdown in Venture Capital Activity: Report

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

Payments Fintech Payoneer Adds Capabilities with Acquisition of Data Platform, Spott

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more… Read More

Fintech Firm Brex Launches Payables, an AI-enabled Accounts Payable (AP) Solution

Brex, which claims to be the first fully unified global spend platform, launched Brex payables — an AI-enabled Accounts Payable (AP) solution, “combining enhanced bill pay capabilities and purchase cards.” Brex payables offers the controls “required by an AP team to manage procurement spend seamlessly… Read More

Global Fintech Klarna Reports Steady Growth in Canada, with 640k Active Consumers, 2M Orders Processed

Klarna, the AI powered global payments network and shopping destination, announced its continued momentum in Canada. Since launching in the market in February 2022 less than 18 months ago, Klarna claims it has achieved “a rapidly expanding network of over 640,000 active consumers; processed over… Read More

Peter Barcak, CEO at Credolab: Fintech Professional Comments on Future of Lending, Power of Behavioral Data

We recently connected with Peter Barcak, Founder & CEO of credolab, which claims to be today’s largest developer of bank-grade digital scorecards and data enrichment solutions based on behavioral metadata. The company leverages privacy-consented and anonymous smartphone and online metadata to provide lenders, risk officers,… Read More

Capgemini to Support Clients with Digital Transformation, Will Leverage Generative AI Services

Already a key player in the Data & AI market, Capgemini says it is well positioned to support clients through their next era of digital transformation thanks “to the breadth of its generative AI services, deep industry expertise, and its industrialized delivery assets.” As a… Read More

Retail Investors Are Using ChatGPT-style AI to Help Manage Investments, Research Reveals

One in ten (11%) retail investors are using artificial intelligence (AI) tools “such as ChatGPT to help pick and alter investments in their portfolio,” according to data from the latest Retail Investor Beat from trading and investment platform eToro. The study of 10,000 retail investors… Read More

France’s Privacy Watchdog Says Legality of Worldcoin’s Biometric Data Collection Process Is Questionable

France’s privacy-focused watchdog CNIL stated on Friday (July 28, 2023) that it is well aware of ChatGPT-founder Sam Altman‘s Worldcoin initiative and that the legality of its biometric data collection process appears to “questionable.” Worldcoin, which was officially introduced on Monday, requires clients to offer… Read More

Eltropy Video Banking Helps InRoads Credit Union to Combat Fraudulent Activities

InRoads Credit Union, which claims to be a leader in innovative member experiences and an Eltropy customer, recently shared that by leveraging Eltropy‘s Video Banking solution, the Portland, Ore.-based credit union “achieved a 0% fraud rate, effectively safeguarding members and defeating fraudulent impersonations.” Kim Preston,… Read More

Artificial Intelligence: Passage Raises $6M to Launch AI-Driven Virtual World Builder

Passage reports that it has raised $6 million in order to launch an AI-driven Virtual World Builder. Funds were reportedly raised through private sale of its PASG token and will now “go towards the continuous development of the Passage world building platform, built with Cosmos… Read More

Provenir names Rich Kern to senior role

Provenir, a provider of data and AI-powered risk decisioning software, this week announced the appointment of Richard Kern as senior vice president of Global Professional Services. The head of Provenir’s global professional services team, Kern is charged with overseeing client delivery services. That includes implementation… Read More

Wealthtech TIFIN, JPMorgan Introduce TIFIN.AI to Support Thematic AI-powered Fintech Solutions

TIFIN, the artificial intelligence (AI) platform for wealth, is pleased to announce the launch of TIFIN.AI. TIFIN.AI is dedicated to conceiving and “developing TIFIN’s second cohort of AI-powered fintech companies.” J.P. Morgan (NYSE: JPM) has joined TIFIN in funding TIFIN.AI. The formation of TIFIN.AI builds… Read More

BNPL Fintech Klarna Teams Up with UK Luxury Store Liberty to Offer Payment Flexibility

Klarna, the AI powered global payments network and shopping destination, has today announced its partnership with iconic British department store Liberty, “with its flexible and interest-free payment options now available online.” The partnership will aim to “help Liberty’s customers save time and money and worry… Read More

Yokoy, a Provider of AI-powered Spend Management Suite, Partners with Pagero, a Platform Provider for E-Invoicing

Yokoy, a provider of an AI-powered spend management suite, is setting new standards in invoice management with its strategic partnership with Pagero, a platform provider for globally compliant e-invoicing. Yokoy seamlessly integrates with Pagero’s cloud-based e-invoicing solution “to provide a 100% digitized and fully automated… Read More

Cognaize Finalizes Series A to Address Demand for AI Solution for Financial Services Organizations

Cognaize, the intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology, announced that it has closed $18 million in Series A funding in order “to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the… Read More

⁠Tractable, which Leverages AI and Computer Vision to Assess Condition of Cars and Homes, Announces Series E Round

⁠Tractable, which claims to be a leader in artificial intelligence (AI) using computer vision to assess the condition of cars and homes, announces a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors in the investment round include Insight Partners and Georgian… Read More

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