Tagged: ai

August 3, 2019 @ 4:37 pm By JD Alois  |  

Both the US House and Senate are out of session now as the pols exit the sweltering heat of Washington, DC, during the month August for a summer recess. Congress returns the following month to continue its work and the House Financial Services Committee, under… Read More

July 17, 2019 @ 1:45 pm By JD Alois  |  

Fintech software provider Temenos (SIX: TEMN), has acquired Logical Glue Ltd., a UK-based creator of the “Explainable AI” (XAI) platform. In a release, Temenos explained that the acquisition will accelerate Temenos’ artificial intelligence (AI) roadmap by providing AI credit scoring models that are immediately available… Read More

July 17, 2019 @ 6:00 am By JD Alois  |  

AlphaSense, an artificial intelligence (AI) platform, has secured $50 million in a Series B funding round led by Innovation Endeavors. AlphaSense already claims over 1000 corporate clients that use its market intelligence service. Other investors in the funding round include Soros Fund Management LLC, through… Read More

July 16, 2019 @ 8:00 am By JD Alois  |  

Backed by JP Morgan and Sequoia, Near has just raised $100 million in new financing from PE firm Greater Pacific Capital. Near is a company that uses AI to make “real-world data actionable.” The company claims to have the “largest data set of people’s behavior… Read More

July 12, 2019 @ 8:51 am By Nikolas Kairinos  |  

While artificial intelligence (AI) might sound like something out of science fiction movies or a Philip K. Dick Novel, it’s fast becoming a key feature of many of America’s biggest and most dynamic industries. The financial services industry, where small margins can mean millions of… Read More

May 28, 2019 @ 9:08 am By Cali Haan  |  

Seoul’s blockchain-enthused mayor, Park Won-soon, has announced at the Korean Future Forum his administration’s plans to turn Seoul into a data-accumulating “smart city” using a network of 50 ooo censors, blockchain databases and AI (artificial intelligence), Korean media outlet Queen reports. A cadre of business,… Read More

May 25, 2019 @ 10:01 am By Xu Gao  |  

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More

May 25, 2019 @ 8:42 am By JD Alois  |  

The House Financial Services Committee under the leadership of Representative Maxine Waters announced the creation of two new task forces earlier this month. The Committee created a task force on Fintech  (Financial Technology) and AI (artificial intelligence). Yesterday the Committee included the first two meetings… Read More

May 9, 2019 @ 11:45 am By JD Alois  |  

The House Financial Services Committee under the leadership of Congresswoman Maxine Waters, Chairwoman of the Committee, has announced the creation of a Task Force on Financial Technology or Fintech and a Task Force on Artificial Intelligence (AI). These two specific topics have emerged in importance… Read More

April 18, 2019 @ 8:27 am By JD Alois  |  

Alongside their 2019 Business Plan, the UK Financial Conduct Authority (FCA) published their research agenda for 2019. The FCA states that research plays a fundamental role in their mission of evidence-based policy and staying ahead of trends in financial services. The regulator says their research… Read More

April 18, 2019 @ 8:13 am By JD Alois  |  

Imandra, an artificial intelligence (AI) firm that analyses algorithms, has raised $5 million in seed funding led by Live Oak Venture Partners, IQ Capital, and AlbionVC. In 2015, Imandra won the UBS Future of Finance Challenge by using its AI technology to find a fundamental… Read More

April 16, 2019 @ 2:32 am By Erin Hobey  |  

UK-based fintech startup Upgrade Pack, a closed marketplace for global user access to discounted flight and hotel upgrades, has surpassed its Seedrs equity crowdfunding campaign target goal, swiftly surpassing £500,000 with the help of over 425 investors. To date, over £545,000 has been raised for 4.1% equity at… Read More

March 27, 2019 @ 10:30 am By Samantha Hurst  |  

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, announced on Wednesday the further extension of its API Interoperability solution, with expanded support for the six popular Open Banking API standards, now including the UK’s OBWG, France’s STET… Read More

March 17, 2019 @ 9:24 pm By Samantha Hurst  |  

Insurtech startup Zesty.ai has recently formed a new partnership with Aon plc (NYSE:AON), a global professional services firm providing a broad range of risk, retirement and health solutions, to enhance insurers’ underwriting through access to more than 130 billion data points on buildings and their… Read More

February 25, 2019 @ 10:40 am By Samantha Hurst  |  

U.S. fintech and online provider of business valuation big data BizEquity announced on Monday the launch of its new patent-pending artificial intelligence (AI) engine and lead service, Franklin. BizEquity reported that with Frankin it is launching a new lead generation and intelligent routing service to prospect and engage… Read More

February 21, 2019 @ 8:17 am By Erin Hobey  |  

Machine learning, algorithms, early cancer detection, successful intervention? 20/20 GeneSystems, a digital diagnostics company with the core mission of reducing cancer mortality in the U.S. and around the world through early detection, sells what it believes to be the first multi-cancer blood test powered by real-world… Read More

February 20, 2019 @ 7:01 am By Erin Hobey  |  

TrueAccord, an automated debt recovery platform, has partnered with Lenexa, Kansas for its new shared services operation, committed to investing $1.34 million with a plan to expand to over 150 professionals over the next three years across sales, operations and technology functions. “We chose the… Read More

February 5, 2019 @ 9:14 am By Erin Hobey  |  

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

January 13, 2019 @ 10:09 pm By Samantha Hurst  |  

Ping An Insurance Company of China, Ltd. (HKEx: 2318; SSE: 601318) announced over the weekend that the Ping An Global Voyager Fund has invested in AI medical solution company Airdoc during its B+ round of funding. Ping An reported it has led the round along with… Read More

January 9, 2019 @ 6:54 pm By Richard van Hooijdonk  |  

Technology has infiltrated our lives, and the wave of digital disruption has impacted various industries. The finance sector is no exception. Since the industry is becoming more complex, relying on traditional methods is no longer enough. In fact, it can do your business more harm… Read More