Tagged: ai

February 24, 2023 @ 8:54 am By Omar Faridi  |  

The role of AI in EU securities markets is becoming more significant. A widespread use of artificial intelligence (AI) comes with “risks,” according to an update from European Securities and Markets Authority (ESMA). In particular, increased uptake may “lead to the concentration of systems and… Read More

February 21, 2023 @ 4:09 pm By Omar Faridi  |  

Bosch and Fetch.ai are announcing their new partnership “to form a new Web3 foundation – Fetch.ai Foundation, that aims to research, develop and harness Web3 technology for real-world use cases that will span across mobility, industrial, and consumer domains.” Fetch.ai Foundation will be “anchored in… Read More

February 16, 2023 @ 4:37 am By Omar Faridi  |  

American Express (NYSE: AXP) is expanding its relationship with Microsoft (NASDAQ: MSFT) to develop a suite of solutions built on Microsoft Cloud and AI technologies “focused on reducing business travel friction for employees and businesses.” The first solution developed through this collaboration will “enhance the… Read More

February 12, 2023 @ 6:05 pm By Omar Faridi  |  

MONIX Co., Ltd., a Bangkok-based AI-powered digital lending platform, announced that the company has secured US$20 million in the first close of its pre-IPO fundraising. The investment round was “led by the mothership SCBX and a new investor Lombard Asia, a Southeast Asia’s growth-focused private… Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

February 7, 2023 @ 8:14 am By Omar Faridi  |  

GlossAi, creators of an AI-driven video generator that allows organizations to rapidly create multi-audience content at scale using generative AI capabilities, announced a successful $8 million seed round. Led by New Era Capital Partners with participation by Guidestar ventures, 97212 Ventures, MindCET Ventures, Ginossar Ventures,… Read More

February 4, 2023 @ 12:59 pm By Omar Faridi  |  

Banca Patrimoni Sella & C. launches a new discretionary mandate based on Artificial Intelligence. The new mandate has been developed in partnership with MDOTM Ltd, the Fintech scaleup global provider of AI-driven investment solutions “for institutional investors.” The new mandate, called “GP AI-Driven”, will invest… Read More

February 3, 2023 @ 5:32 pm By Omar Faridi  |  

Global Screening Services (GSS) and Silent Eight, have today announced that following a competitive selection process, Silent Eight’s flagship AI technology “will power sanctions adjudications in the GSS platform.” By implementing Silent Eight’s machine-learning platform (Iris), GSS will “adjudicate false positives while at the same… Read More

February 1, 2023 @ 7:17 pm By Omar Faridi  |  

Yobi, the AI-focused customer communications app catering specifically to the small business community, announced that it has raised a total of $2.37M as part of its oversubscribed seed round. The funds from the investment round will “support company operations, team expansion and product innovation.” The… Read More

January 30, 2023 @ 12:03 pm By Omar Faridi  |  

Groceries, transportation, relationships, entertainment, and more are all now “available at the swipe of a smartphone,” the team at Inscribe notes in a blog post. Buyers have come “to not only enjoy — but expect — frictionless interactions that provide instant gratification.” Fast response times… Read More

January 29, 2023 @ 6:15 pm By Omar Faridi  |  

Sunflower Bank, N.A. announced the launch of a new small business lending platform in partnership with SmartBiz, the AI-powered small business financing platform. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch footprint now “have access to a streamlined process to… Read More

January 17, 2023 @ 8:28 am By Omar Faridi  |  

Divilo, a Spain-based fintech providing B2B financial services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced they will “collaborate to protect Divilo’s growing services against money laundering, sanctions violations, and other financial crimes.” Through the agreement, ThetaRay will “provide Divilo its SONAR… Read More

January 15, 2023 @ 3:41 pm By Omar Faridi  |  

CUBE, which claims to be a global leader in Automated Regulatory Intelligence (ARI),  announced its acquisition of The Hub, a RegTech firm providing highly innovative artificial intelligence solutions for capturing and monitoring unstructured data across the regulatory internet. As global regulations continue to rapidly evolve,… Read More

January 9, 2023 @ 10:17 pm By Omar Faridi  |  

ChatGPT—the recently launched language processing AI model developed by OpenAI—has been “wowing users with its uncanny abilities to hold conversations, write essays, and even program computers,” according to an update shared with CI. However, the real value of conversational AI for digital commerce companies “lies… Read More

January 5, 2023 @ 9:43 pm By Omar Faridi  |  

Working with eleven international entities, CaixaBank has formed a European research consortium “to explore ways to improve cybersecurity by leveraging artificial intelligence (AI) and big data.” The project, AI4CYBER, is “part of the Horizon Europe program for research and innovation, funded by the European Union.”… Read More

January 5, 2023 @ 8:40 am By Omar Faridi  |  

ComplyAdvantage, which claims to be a global leader in AI-driven fraud and anti-money laundering (AML) risk detection, announced its inclusion in the Chartis RiskTech100. The RegTech saw “an increase in its overall score compared with 2022, driven by an almost 8 percentage point increase in… Read More

January 2, 2023 @ 8:43 am By Omar Faridi  |  

iKVA (formerly Kvasir), an AI knowledge management company which seeks to enable businesses to make better decisions, has secured 64% (£441,800) of its £680,000 target (at the time of writing) from 178 investors with 8 days left in the firm’s crowdfunding campaign, carried out via… Read More

December 26, 2022 @ 10:37 am By Omar Faridi  |  

83% of firms will increase spending “on operational excellence initiatives in 2023,” according to an update from Verdantix. AI [artificial intelligence] and machine learning are “increasingly being used by industrial firms to maximise data utility.” The report from Verdantix also mentioned that “the global skills… Read More

December 18, 2022 @ 1:33 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced its membership in the Corporate Affiliate Program of the Stanford Institute for Human-Centered Artificial Intelligence (HAI), an organization dedicated to “guiding and building the future of artificial intelligence (AI).” Lan Guan, global lead of Cloud First Data & AI at Accenture,… Read More

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More