Tagged: ai

October 25, 2020 @ 2:57 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that emerging technologies (Emtech) continue to “drive the evolution” of capital markets.  As covered, Friedman believes that Cloud technologies will transform financial services and… Read More

October 22, 2020 @ 11:32 pm By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

October 22, 2020 @ 10:28 pm By Omar Faridi  |  

Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. The Kyber Network… Read More

October 22, 2020 @ 3:15 pm By Samantha Hurst  |  

Quavo Inc., a U.S.-based fintech provider, announced on Thursday it has launched a fraud and dispute artificial intelligence (AI), called Auto Reasonable Investigation Agent (ARIA). The company claims that ARIA is the “first and only” SaaS platform AI and automation to conduct dispute investigations as… Read More

October 18, 2020 @ 6:07 pm By Omar Faridi  |  

Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More

October 17, 2020 @ 12:25 pm By Omar Faridi  |  

The global digital banking platform market size is expected to reach $10.87 billion by 2027, which means that it’s expanding at about a 13.6% CAGR (compounded annual growth rate), according to estimates from Allied Market Research (AMR). A release that summarizes that findings of the… Read More

October 17, 2020 @ 12:10 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai is inviting developers and software testers to take part in its incentivized testnet program – which will be launching next week on October 22, 2020. The Fetch.ai team noted that their goal is to develop the infrastructure needed for… Read More

October 15, 2020 @ 10:54 pm By Omar Faridi  |  

The global internet of things (IoT) security market is expected to be valued at around $20.77 billion by 2027, which means that it’s expanding at a very significant compounded annual growth rate  (CAGR) of 32.3 %. As noted in a release, the rise in the… Read More

October 14, 2020 @ 8:22 pm By Omar Faridi  |  

The global digital banking market demand is expected to reach $12 trillion by 2026, according to a new report. The digital banking market from corporate banking is now on track to expand at an 8% CAGR from 2020 to 2026. This growth may be attributed… Read More

October 12, 2020 @ 8:55 pm By Omar Faridi  |  

Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used by Fintech platform developers to make more intelligent or informed decisions regarding key processes. This may include using AI to identify potentially fraudulent transactions, determining the creditworthiness of a borrower applying for a… Read More

October 9, 2020 @ 12:23 pm By Omar Faridi  |  

AI and machine learning network Fetch.ai has integrated Chainlink (LINK) Oracles. The integration is now live on mainnet. It connects real-world asset price data to autonomous software, according to a blog post published by Fetch.ai on October 8, 2020. Fetch.ai is a Cambridge-headquartered artificial intelligence… Read More

October 9, 2020 @ 12:00 pm By Omar Faridi  |  

We recently connected with Michael Rennie, a U.K.-based product manager for Mendix, a Siemens business and the global leader in enterprise low-code. Mendix pioneered the low-code product category 15 years ago. The low-code approach addresses the coder crunch, the growing demand for software applications, and… Read More

October 3, 2020 @ 7:43 am By Omar Faridi  |  

US-based Fintech firm Harvest is reportedly planning to transform the existing credit scoring systems. Like many other Fintechs, Harvest will be using artificial intelligence (AI) and machine learning (ML) algorithms to offer clients a dynamic view of their financial profile. This should help people with… Read More

September 29, 2020 @ 1:40 pm By Samantha Hurst  |  

  Jumio, a U.S.-based AI-powered end-to-end identity verification and eKYC solutions provider, announced on Tuesday it has acquired the AML platform from Beam Solutions, a San Francisco-based startup focused on transaction monitoring and KYC. Jumio reported it will integrate Beam’s suite of AML solutions into… Read More

September 28, 2020 @ 6:28 pm By Omar Faridi  |  

Dan Jovevski, a Fintech professional and former banker at National Australia Bank (NAB), has reportedly helped his company, WeMoney, with securing $2 million in capital in order to provide a service that helps young consumers with making better financial decisions. As reported by the Financial… Read More

September 26, 2020 @ 8:54 am By Omar Faridi  |  

AI and machine learning network Fetch.ai has unveiled an outcome of its developer engagement project, which aims to make it easier to develop applications and related services on top of the Fetch.ai network. The Fetch.ai team noted that they’ve built what they call an “Autonomous… Read More

September 25, 2020 @ 7:56 am By Omar Faridi  |  

Hristo Borisov, the co-founder and CEO at Payhawk, a firm that issues “next-generation” company cards with automated expense management, says that he’s happy to see “another strong story and exit from the diaspora.” Borisov notes that “serving developers is one of the most rewarding experiences,… Read More

September 24, 2020 @ 9:40 am By Samantha Hurst  |  

CogniSure AI, an insurtech startup that is focused on providing actionable insights from unstructured insurance documents such as policies, loss runs, quotes, and submission emails, announced on Wednesday the launch of its artificial intelligence (AI) platform for commercial loss run automation. Founded in 2019, CogniSure… Read More

September 22, 2020 @ 7:14 pm By Omar Faridi  |  

Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the… Read More

September 22, 2020 @ 9:38 am By JD Alois  |  

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More