Tagged: ai

SingularityNET and AI Decentralized Create New Industry Group: the Decentralized AI Alliance

SingularityNET and AI Decentralized have announced a new group: DAIA or the Decentralized AI Alliance. DAIA is said to be an open industry alliance aimed at fostering the development of decentralized AI technologies. SingularityNET is a decentralized platform and marketplace for AIs, lead by AGI… Read More

AI Firm TruValue Labs Receives $13.6 Million Series A led by Katalyst Ventures

TruValue Labs, an artificial intelligence (AI) firm, has closed a $13.6 million Series A funding round led by Katalyst Ventures. Additional investors include the Hearst Financial Venture Fund, the Entrepreneurs’ Fund, Sun Hung Kai Strategic Capital Limited, William Campbell, former Chairman of JPM Chase Card Services,… Read More

Streamr Connects with HPE to Rev Up Real-Time Vehicle Data Monetization

Just last week, Streamr, the blockchain-backed data platform, partnered with Singapore-based Fysical to “reshape” human location data market. Today Streamr announced an ongoing partnership with Hewlett Packard Enterprise, one of the world’s leading technology solutions and innovation companies. The partnership has been formed to integrate the technology… Read More

Associate VP of Payments Innovation at TD Bank Says AI More “Friendly Technology” Than Blockchain for Now

Milos Dunjic, a cryptographer and Associate Vice President of Payments Innovation at TD Bank, has stated that whereas blockchain “threatens everything built” by banks, AI is “very friendly technology.” * Dunjic made the comments as part of a fintech panel discussion at the Canadian Undergrad… Read More

Singapore Seeks to Accelerate Utilization of Artificial Intelligence in the Financial Sector

The Monetary Authority of Singapore (MAS) has announced that it is working with a consortium of agencies to accelerate the utilization of artificial intelligence (AI) in the financial services sector. MAS has always sought to keep Singapore at the forefront of Fintech innovation and encouraging… Read More

ATB Financial Announces Four Year Partnership With University of Alberta For AI

On Tuesday, ATB Financial announced the city of Alberta will get a boost in its contribution to the national artificial intelligence (AI) industry through a four-year partnership between it and the University of Alberta. According to ATB Financial, a group of students, paired with selected… Read More

Chinese AI Company SenseTime Secures $600 Million Through Series C Funding Round Led By Alibaba Group

SenseTime, a Chinese artificial intelligence (AI) company, announced on Monday it raised $600 million during its Series C round of funding, which was led by the Alibaba Group with participation from  Temasek and Suning. This round of funding comes less than a year after the company raised $410 million through its… Read More

Regtech Ocrolus Receives $4 Million Series A Funding, Bullpen Capital Leads Round

Ocrolus, a Fintech firm that automates the analyzing financial documents, has announced a $4 million Series A investment led by Bullpen Capital. Additional investors include QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures. Also participating in the round were multiple well known names… Read More

Marvelstone Announces PE Fund for AI Investment

Singapore based Marvelstone Group has launched a private equity fund for artificial intelligence (AI) investment. Marvelstone said it will invest in AI startups and projects through Marvelstone Capital, across geographies including the UK, China, Singapore, and Canada. The open-ended fund is targeting a capital raise… Read More

Monetary Authority of Singapore Works with Finance Industry on Ethical Use of Data and AI

The Monetary Authority of Singapore (MAS) has announced that it is working with key financial industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions. The discussion on deep data and who… Read More

Britbots: Second Robotics – Artificial Intelligence Fund on Track to Close Soon

UK based Britbots, a investment platform dedicated to promoting robotics companies, and Sapphire Capital Partners, a specialist manager of tax-efficient funds, has shared that their second British Robotics Seed Fund has attracted substantial investor interest and has been well subscribed. The fund is expected to… Read More

Techstars Alum SimbaPay Launches Pan-Africa Remittances AI Chatbot

SimbaPay, a London-based digital money transfer provider, announced last week it has launched an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. According to SimbaPay, the new chatbot will also enable 24/7 instant customer service for… Read More

Galileo Announces Expansion of Services; Launches Fraud AI Solution

Galileo, a U.S.-based payments processors and program management firm, announced on Monday it has grown and even expanded capabilities that address timely issues impacting the payments industry, including fraud and cryptocurrency. Founded in 2000, Galileo claims to be one of the largest payment processors and… Read More

Bankorus Partners with New Blockchain Accelerator AI Catapult, Part of JD.com

Bankorus (formerly MiCai), a provider of Robo-advisor solutions to wealth management companies and individuals with a combined AUM of $30 billion, is partnering with AI Catapult, the new Blockchain and AI accelerator created by JD.com. JD.com is one of the largest digital commerce platforms in… Read More

Fintech Pagaya Receives $75 Million in Debt Financing from Citi

Pagaya Investments, a Fintech company in the asset management space, has received $75 million in debt financing from Citi. Simultaneously, Pagaya announced the creation of the “Opportunity Fund” to meet growing institutional interest in consumer credit as an asset class. Launched in2016, Pagaya has raied… Read More

Jinglz All the Way: Mobile Advertiser Closes in on StartEngine Reg CF Campaign Goal

With 13 days remaining on its campaign, Jinglz has nabbed more than $728K from over 878 investors on its StartEngine Reg CF equity crowdfunding campaign. Jinglz builds products that aim to create measurable, positive change in the mobile advertising space. The startup’s new technology uses mobile device… Read More

Decentralized Marketplaces Unite: SingularityNET & FundRequest to Network Across Industries

SingularityNET is developing a blockchain powered platform that serves as a decentralized, open market for AI service and products. The protocol is designed to facilitate AI discovery and allow anyone to find the AI services or products they need, purchase them, and then implement them… Read More

Challenger Bank Tandem Partners with Cognitive Banking Company Personetics

UK Challenger bank Tandem has announced a partnership with cognitive banking company Personetics to provide users personalised insights on their spending across all of their bank accounts in one place, as well as warning people about unexpected fees and unusual activity on their accounts. Tandem… Read More

Brief: Fintechers collectAI and Pay360 Align for UK Launch

The German Artificial Intelligence-based collections company collectAI has partnered with payments provider Pay360 by Capita for its UK launch. With collectAI as the tech provider, Pay360 aims to build a branded receivables management solution for its business and government clients. By partnering with Pay360, collectAI, an… Read More

AI-Powered Virtual Assistant Finn.ai Appoints Former Twitter Executive Stephen Morse As New Head of Global Strategic Accounts

Finn.ai, an AI-powered virtual assistant built for personal banking and finance, announced on Wednesday it has appointed Stephen Morse its new Head of Global Strategic Accounts. According to Finn.ai, Morse has extensive global experience with disruptive, growth businesses within the fintech space. He led enterprise sales organizations… Read More