Tagged: ai

Leading AI Consultancy Brainpool AI Raises Capital on Seedrs

A leading artificial intelligence (AI) consultancy, Brainpool AI is raising capital on Seedrs. The consultancy is seeking £120,001 for a 3.3% equity stake in the firm. The company has set a pre-money valuation of £3.5 million. As this moment, Brainpool AI has raised over half… Read More

Turing Intelligence Technology Raises Over £1 Million for Expanding Company’s “Optimization Automation” Suite

Turing Intelligence Technology (TurinTech.ai), a research and innovation-driven artificial intelligence (AI) firm that focuses on automatic optimizations, has raised over £1 million through a seed funding round. Currently based in Cambridge, TurinTech.ai was established by four researchers at University College London (UCL). A resident at… Read More

Human AI Virtual Agents Firm Voca.ia Receives Funding from American Express Ventures

Voca.ai, a company that provides human artificial intelligence (AI) virtual agents, announced on October 23 that it has received funding from American Express Ventures, the strategic investment division of American Express (Amex), a New York-based multinational financial services corporation.  Existing investors lool ventures and Flint… Read More

Global Regtech Market was Valued at $2.45 Billion in 2017, Projected to Reach $12.43 Billion by 2026

The global Regtech market was valued at $2.45 billion in 2017 and is projected to reach an estimated $12.43 billion by 2026, at a compounded annual growth rate (CAGR) of 22.51%. Regtech refers to set of tools developed to enhance the efficiency and effectiveness of… Read More

How Can Fintechs Onboard New Customers While Preventing Fraud

Financial technology (Fintech) companies are finding new ways to meet consumer demands and create more financial inclusion on a global scale. While Fintechs are on the rise, these companies still have to manage the same problems traditional financial institutions face: fraud. And while fraud permeates… Read More

Report: Corporate Treasurers Say Cloud Computing, plus AI & Big Data Will Be Most Important Tech Advancement to Impact their Industry

Corporate treasurers believe that advancements in cloud computing will be one of the most important technological developments to impact their industry in the coming years. Big Data analytics and artificial intelligence (AI) are also expected to improve standard business processes. The Deutsche Bank-supported Economist Intelligence… Read More

Amsterdam-based ING Bank Launches Initiative to Promote Artificial Intelligence Adoption in the Netherlands

Amsterdam-based ING, a multinational banking and financial services corporation, has joined a group of organizations to promote the development and adoption of artificial intelligence (AI) in the Netherlands. The project is part of a nationwide plan to halt a brain drain of talented AI professionals… Read More

Update: Chip Set to Close Latest Crowdcube Round With More Than £3.9 Million in Funding

AI-powered automatic savings account mobile app, Chip, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £3.9 million secured. The funding round was launched at the end of September and quickly secured its initial £1 million funding target. Chip is… Read More

Chinese Internet Giant Tencent Leads $10 Million Investment Round in AI and Machine Learning Firm SenSat

UK-based SenSat, a company that converts complex visual and spatial data into a real-time simulated reality that allows computers to find solutions to real-world problems, has raised $10 million through a Series A investment round, which was led by Shenzhen-based internet giant Tencent. Sistema Venture… Read More

Chip Returns to Crowdcube & Quickly Raises £3.4 Million in Funding

Less than a year after raising  £3.4 million through its previous Crowdcube round, AI-powered automatic savings account mobile app, Chip, has returned to the equity crowdfunding platform. Originally seeking £1 million, the company quickly surpassed the funding target has now raised over £3.4 million from… Read More

Palo Alto-based AI Firm Vianai Raises $50M In Seed Round, Plans to Transform Machine Learning Industry

Palo Alto-based artificial intelligence (AI) firm Vianai has raised $50 million through its seed round. Launched by former SAP executive Vishal Sikka, Vianai aims to transform the current machine learning (ML) industry. The company was introduced at the Oracle Open World, where Sikka was one… Read More

Ping An Set to Develop National Open Innovation Platform For Next Generation AI in Consumer Puhui Finance

Ping An Insurance Group announced on Thursday it was selected to develop the national Open Innovation For Next Generation Artificial Intelligence. The company reported that the announcement was made at the World Artifical Intelligence Conference 2019 in Shanghai and Ping An is claimed to be… Read More

China: WeiyangX Fintech Review

China Construction Bank Approves to Launch Digital Banking Business in Malaysia On August 26th, China Construction Bank Co., Ltd. Labuan Branch announced that it had received regulatory approval from Labuan Financial Services Authority to conduct digital banking business. According to the statement, it would become… Read More

Loan Origination AI Platform Blooma Secures $2.75 Million Through Seed Funding Round Led By Floodgate

Blooma, a U.S.-based loan origination AI platform, announced earlier this week it secured $2.75 million through its seed funding round, which was led by Floodgate with participation from Abstract Ventures, Crescent Ridge Partners and Serra Ventures. Blooma reported that it launched its first production module… Read More

Wirecard Launches New Grab & Go Prototype to Offer New Shopping Experience Through AI

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday the launch of its new Grab & Go Store prototype. According to Wirecard, the store offers an entirely new shopping experience through AI. “Consumers enter the store via smartphone, pick products which are… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

House Financial Services Committee to Hold Hearing on Securities Exemptions, IPOs & Retail Investment

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

Temenos Pushes Into Artificial Intelligence with Acquisition of Explainable AI Platform

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

Artificial Intelligence: AlphaSense Raises $50 Million Series B led by Innovation Endeavors

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

Near Claims the World’s Largest Data Set of People’s Behavior and it Just Raised $100 Million

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

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