Tagged: ai

Growing Consensus Among Portfolio Managers and Central Bankers that Interest Rates Will Stay Higher for Longer – Report

BlackRock (Nasdaq: BLK) recently noted that there’s broad agreement among portfolio managers that a concentrated group of AI winners “will drive returns over a short-term tactical horizon.” BlackRock also mentioned in a recent market update that US stocks reached record highs and bond yields fell… Read More

LTX, a Broadridge Firm, Introduces GenAI-enhanced List Trading Functionality

Further building on its GenAI focus in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech Broadridge Financial Solutions Inc. (NYSE:BR), announced GenAI-powered List Trading functionality. The new feature allows users “to leverage GPT technology to generate and execute… Read More

Worldcoin Investment in Argentina Reportedly Increases as Initiative Announces Expansion of Services

In Argentina, Worldcoin contributors have been working hard to increase access to important AI tools like World ID, a private digital passport that differentiates humans from bots online. Now, the project is poised to grow in Argentina, “resulting in significant direct investment in the country.”… Read More

AI Accounting Platform AccountsIQ Secures $64m to Expand Workforce

AccountsIQ, a cloud-based accounting platform, has raised €60 million (about $64 million) in a Series C funding round anchored by business-to-business (B2B) software-as-a-service (SaaS) growth equity fund Axiom Equity. The investment is set to bolster AccountsIQ’s product development, enabling the firm to integrate advancements in… Read More

Remote Working Fintech Deel Launches AI Tool for Streamlining Operations

Remote working Fintech Deel has introduced a new AI tool for enhancing various tasks. Deel says that this Ai tool helps with double-checking compliance rules. It assists with digging into your global workforce data, and then “making smarter business decisions faster using AI.” As explained… Read More

Paris based Mistral AI Announces €600M in Series B Funding After Full Year of Operations

Mistral AI is announcing €600M in Series B funding for their first year of operations. Mistral AI said the funding from the investment round will accelerate its roadmap as it continues to bring frontier AI into everyone’s hands. The company is developing various generative AI… Read More

Fintech Klarna and Sainsbury’s Partnership Supports Interest-Free BNPL to Argos, Habitat, TU

Klarna, the AI-powered global payments network and shopping assistant, has partnered with Sainsbury’s PLC which will see its payment methods available at the online checkouts of three iconic brands: Argos, Habitat and TU. Shoppers will be able to choose “from Klarna’s three interest free payments;… Read More

UK’s NatWest Launches Cora+, the Generative AI Update to Bank’s Digital Services

NatWest is announcing the launch of Cora+, an upgrade to its digital assistant, Cora, developed in collaboration with IBM. NatWest is to introduce the new version of Cora during London Tech Week and will “be one the first banks in the UK to deploy generative… Read More

GenAI Adoption: boost.ai to Support US based Credit Unions, Enters Partnership with Pindrop

Conversational AI provider boost.ai announced Credit Union of Colorado and Desert Financial Credit Union (DFCU) as new customers alongside a partnership with Pindrop, industry participants focused on voice security solutions. The news reinforces the company’s continued growth in “the US market, following its recent launch… Read More

Quantexa, an Enabler of Decision Intelligence, Partners with Data and AI Firm Databricks

Quantexa, the global enabler of Decision Intelligence (DI) solutions for the public and private sectors announced that it is partnering with Databricks, the data and artificial intelligence (AI) company, to enable customers “to deploy its Decision Intelligence Platform and Data Management, Customer Intelligence, Risk Management,… Read More

AI Data-led Insights from CBA: Australia based SMEs Are Leveraging Tech to Accelerate Business Growth

Research from Commonwealth Bank of Australia (CBA), conducted in partnership with YouGov, reveals 59 per cent of SMEs have invested or plan “to invest in AI in the next five years (25 per cent and 34 per cent respectively), with younger business leaders owners more… Read More

Billtrust Introduces AI Tools to Provide Finance Professionals with Business Insights

Billtrust, a B2B order-to-cash and digital payments market leader, announced new AI functionality within its accounts receivable software platform to empower finance professionals to better understand their business, make strategic decisions and engage customers more effectively. Billtrust has introduced a new generative AI tool, Billtrust… Read More

Oscilar and Regtech Socure to Enhance Identity Verification and Risk Management for Financial Institutions

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

AI-exposed Sectors Reportedly Experience Productivity Surge as AI Jobs See Up to 25% Wage Premium

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC’s 2024 Global AI Jobs Barometer, released recently. The report, which analyzed “over half a billion job ads from 15 countries, suggests that AI could allow many… Read More

AI Adoption: Zillow Is Providing Open-Source Tech to Enable “Fair” Housing in Artificial Intelligence enhanced Real Estate Conversations

Zillow (NASDAQ: Z and ZG) is releasing its open-source Fair Housing Classifier, which establishes guardrails to promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology. The Fair Housing Classifier acts as “a protective measure, to encourage more equitable… Read More

Fintech Chime Teams Up With FairPlay to Embed Fairness into its Algorithmic Decisions

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

BBVA Accelerates AI Strategy and Signs Agreement with OpenAI

After years at the forefront of projects and research based on artificial intelligence (AI), BBVA takes a “decisive step” in the use of generative AI in its main markets. On the one hand, it has prioritized “around 100 projects that will be developed with different… Read More

AI Act: European Council Approves Law Aiming to Harmonize Rules on Artificial Intelligence

The European Council has now approved a law aiming to harmonise rules on artificial intelligence, the so-called artificial intelligence act. The flagship legislation follows a ‘risk-based’ approach, which means “the higher the risk to cause harm to society, the stricter the rules.” It is the… Read More

Factris Relaunches AI-Enhanced Finance Automation Platform

A replacement of Factris’ FAB (Finance Automation for Business) platform has been released simultaneously across all five of Factris’ markets. These are Belgium, the Netherlands, Poland, Latvia, and Lithuania. Improvements include offering more types of financing, faster approval, direct control of accounts, and easier access to funds thanks to the platform’s… Read More

Pagos Launches Copilot, an AI-Powered Payment Intelligence Tool

Pagos, a provider of payments optimization solutions, recently announced the launch of Pagos Copilot, an AI-powered tool for instant payment intelligence. “It’s easy for subpar performance to go unnoticed when you don’t have a wealth of payments industry knowledge because you don’t necessarily know what… Read More