Tagged: ai

February 20, 2020 @ 1:29 am By Omar Faridi  |  

LenDenClub, a peer-to-peer (P2P) lending solution provider, has teamed up with Singapore-headquartered CredoLab, an established developer of bank-grade online credit scorecards, which are based on mobile phone metadata.  LenDenClub has integrated CredoLab’s credit scoring system, called CredoSDK. The credit system will help the firm in… Read More

February 19, 2020 @ 9:57 pm By Omar Faridi  |  

Bank of Singapore, the private banking arm of OCBC Bank (Oversea-Chinese Banking Corporation, Limited) (SGX: O39), has appointed Celine Le Cotonnec to the institution’s newly created role of chief data and innovation officer. Le Cotonnec will be reporting directly to Bahren Shaari, the CEO at… Read More

February 18, 2020 @ 10:14 am By JD Alois  |  

MaxDecisions, a Fintech A.I. and machine learning analytics company, has hired Bernard Guerrero as Vice President of Decision Sciences to further expand analytical products and offerings. MaxDecisions is an analytical company utilizing the power of machine learning and artificial intelligence software to assist specialty financing… Read More

February 17, 2020 @ 8:52 am By Omar Faridi  |  

William Russell, the Lord Mayor of the city of London, noted recently that the UK is planning to support Qatar in becoming a leading financial technology (Fintech) hub in the Middle East. Russell praised the new legislation and regulations being developed by the Qatari government… Read More

February 12, 2020 @ 8:42 pm By Omar Faridi  |  

The global artificial intelligence (AI) market size is projected to hit $390.9 billion by 2025. The market is expected to achieve a compound annual growth rate of 46.2% from 2019 to 2025. AI is a major technological innovation along with Big Data advancements, machine learning… Read More

February 9, 2020 @ 10:20 pm By Samantha Hurst  |  

SafetyPay, a U.S.-based digital payments platform, announced last week it has teamed up with financial AI crime platform Feedzai to offer extra protection against fraud risk to its customers. Founded in 2007, SafetyPay notably provides a secure e-payment method that enables cash sales through a… Read More

February 6, 2020 @ 4:12 pm By Omar Faridi  |  

Yseop, a 12-year-old France-based software development firm, recently introduced an enterprise-level natural-language generation (NLG) automated report generation solution, called the Augmented Analyst, in order to assist financial service providers with their digital transformation efforts. Yseop has reportedly worked cooperatively with Moody’s, BNP Paribas, and Sanofi… Read More

February 6, 2020 @ 10:29 am By Omar Faridi  |  

The European Central Bank (ECB) has partnered with Reply, a platform focused on digital innovation, in order to offer a 48-hour coding marathon, which will focus on teaching participants how to apply the latest artificial intelligence (AI) and machine learning (ML) algorithms. The marathon is… Read More

February 5, 2020 @ 10:19 pm By Omar Faridi  |  

The United Arab Emirates’s (UAE) Ministry of Health and Prevention (MoHAP) has teamed up with the nation’s Ministry of Presidential Affairs, Dubai Healthcare City and several other local government agencies in order to launch a blockchain-enabled health data storage platform. The Emirates News Agency reported… Read More

February 5, 2020 @ 8:24 am By Omar Faridi  |  

Regulatory technology (Regtech) firm Encompass has reportedly won a £2 million grant from the Scottish Enterprise, in order to create an artificial intelligence (AI)-enhanced engine to complement its existing know-your-customer (KYC) product offering. The latest funding is part of an initiative with a total value… Read More

February 4, 2020 @ 11:02 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), at the University of Cambridge Judge Business School, has published a new report on artificial intelligence (AI) and the future of financial services. CCAF is the leading research entity covering the global ecosystem of Fintech from online capital… Read More

February 4, 2020 @ 6:55 am By Omar Faridi  |  

Dublin-headquartered regulatory planning firm Corlytics is reportedly set to book a €10 million capital injection by the end of Q1 2020. This, after the firm has recorded its most successful financial year. The trained artificial intelligence (AI)-powered platform for regulation leverages human expertise and combines… Read More

February 3, 2020 @ 7:31 pm By Timothy Li  |  

Part 6 of a series of articles covering the fast-emerging Fintech ecosystem in Latin America. When we look at Latin America’s Fintech scene, it conjures up memories of the U.S. Fintech evolution that took place during the past decade. Or perhaps, the past decade and… Read More

February 3, 2020 @ 6:00 pm By Omar Faridi  |  

The Indian government recently revealed its Union budget for the FY 2021. Following the announcement, it appears that the nation’s Fintech industry has been given special attention, as Indian finance minister Nirmala Sitharaman proposed on February 1 to introduce a policy for creating data center… Read More

February 3, 2020 @ 8:21 am By Omar Faridi  |  

Jumio, an established provider of artificial intelligence (AI)-enhanced end-to-end identity verification and authentication services, has teamed up with CIMB Bank Philippines’ all-digital bank to offer a convenient and user-friendly digital onboarding solution to Filipinos. Having completed its first full year of business operations, CIMB Bank… Read More

February 1, 2020 @ 11:10 am By Omar Faridi  |  

Payments giant Mastercard has reportedly invested in artificial intelligence (AI)-enhanced identity authentication firm, Trust Stamp. Trust Stamp is a graduate of Mastercard’s 2018 Start Path accelerator program. The two firms announced their first collaborative effort involving a secure non-PII authentication network for offline and internet-based… Read More

February 1, 2020 @ 9:14 am By Omar Faridi  |  

India-based ZestMoney, an artificial intelligence (AI)-powered consumer lending platform, confirmed recently that last year, it managed to record more than 125% in equated monthly installment (EMI) financing. The Bengaluru-headquartered firm noted that online EMIs comprise a large portion of the Indian economy, experiencing a record-breaking… Read More

January 31, 2020 @ 4:55 pm By Omar Faridi  |  

Malaysian Technology Development Corporation (MTDC) and the World Logistics Council Limited (WLC) have reportedly committed to a Memorandum of Understanding (MoU), in order to launch the Multi-Dimensional Digital Economy Application System (MDDEAS) in Malaysia. The system will be introduced with the help of local tech… Read More

January 29, 2020 @ 2:18 am By Omar Faridi  |  

Urgent action is required in order to address a serious skills and talent shortage in the United Kingdom’s financial services sector, an independent review commissioned by HM Revenue has revealed. The review has issued a warning to industry participants stating that the UK’s financial sector… Read More

January 24, 2020 @ 4:37 pm By Omar Faridi  |  

SEI Ventures has teamed up with ForwardLane, a developer of artificial intelligence (AI)-powered intelligence to financial services professionals, in order to support the growth and for the provision of AI-enhanced insights for wealth management firms, asset managers and commercial banking institutions. SixThirty Global Fintech Fund… Read More