Tagged: ai

March 18, 2025 @ 9:19 am By Tony Zerucha  |  

  Insurance is one of life’s boring necessities, but bolt is livening it up through technology partnerships and industry expertise. The platform works with hundreds of insurers and businesses across industries and operates in more than 35 markets on four continents. Bolt’s financial services vertical… Read More

March 17, 2025 @ 10:06 pm By Omar Faridi  |  

World, the human-centered financial and identity network, is now available in Thailand. Thais can get their World ID verified at a number of World Spaces throughout Bangkok, with more locations “slated to open throughout 2025.” With the second-highest GDP in Southeast Asia, Thailand is “one… Read More

March 16, 2025 @ 10:05 pm By Michael Wong  |  

Baidu Inc launched its latest artificial intelligence models, ERNIE 4.5 and ERNIE X1, making them freely accessible to individual users ahead of schedule as part of its broader push to expand AI adoption. ERNIE 4.5, Baidu’s latest foundation model, features multimodal capabilities with improved language… Read More

March 16, 2025 @ 6:31 pm By Omar Faridi  |  

Capco, the global management and technology consultancy, announced a collaboration with OpenAI, the maker of ChatGPT and frontier AI models such as GPT-4o, GPT-4.5, OpenAI o1 and o3 mini, to accelerate AI’s transformative impact at the world’s financial institutions. This collaboration combines OpenAI’s innovations with… Read More

March 12, 2025 @ 8:12 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is stepping up efforts to address the relatively slow adoption of artificial intelligence (AI) in the banking sector, citing concerns that overly aggressive regulatory requirements may be stifling innovation. In a move to tackle this pressing issue, the FCA… Read More

March 11, 2025 @ 2:55 pm By Omar Faridi  |  

Regtech Sumsub has introduced the latest update in case management and AI-driven AML screening to help compliance teams boost efficiency, reduce manual work, and tackle the challenge of “false positive matches.” This new suite of features reportedly ensures “faster case resolution, seamless team collaboration, and… Read More

March 10, 2025 @ 10:20 pm By Omar Faridi  |  

Turing has announced that it recently secured $111 million in Series E funding to power AGI infrastructure, reinforcing its role in advancing frontier AI research and real-world applications. This latest round values Turing at “$2.2 billion and brings total funding to $225 million since its… Read More

March 10, 2025 @ 10:15 pm By Omar Faridi  |  

SoSafe’s 2024 research report, based on key insights from 500 global security professionals and 100 customers across 10 different countries, reveals a fast-evolving cybersecurity landscape that poses major challenges for individual and organizations. A considerable 87% of respondents encountered AI-driven cyberattacks last year, underscoring the… Read More

March 10, 2025 @ 8:53 am By Omar Faridi  |  

DeFi Technologies Inc, a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce that it has increased its stake in Neuronomics AG, a Swiss asset management firm “specializing in artificial intelligence and… Read More

March 9, 2025 @ 5:13 pm By Omar Faridi  |  

authID (Nasdaq: AUID), a provider of biometric identity verification and authentication solutions, released an extensive new whitepaper detailing innovative approaches to combat the rising threat of deepfakes related fraud in digital authentication systems. The whitepaper, titled “Deepfake Countermeasures,” provides insights into deepfakes as the next… Read More

March 7, 2025 @ 9:08 am By Omar Faridi  |  

The EY organization announces the launch of new artificial intelligence (AI) capabilities to its EY Blockchain Analyzer: Smart Contract and Token Review (SC&TR) tool. The SC&TR tool is designed to help enhance “vulnerability detection in smart contracts through greater code coverage and streamline the contract… Read More

March 4, 2025 @ 6:30 am By Omar Faridi  |  

Socure, the provider of artificial intelligence (AI) for digital identity verification, compliance, and fraud prevention, announced the launch of the company’s AI-powered assistant for its Global Watchlist Screening and Monitoring solution. This AI-driven assistant transforms watchlist screening by improving “how organizations handle sanctions, politically exposed… Read More

March 3, 2025 @ 9:41 am By JD Alois  |  

The SEC is hosting a roundtable discussion on artificial intelligence in the financial industry. The event will be held at SEC headquarters in Washington, DC and is open to the public for either in-person or virtual attendance. The roundtable will discuss the risks, benefits, and… Read More

February 27, 2025 @ 9:58 pm By Omar Faridi  |  

World, which claims to be the largest human-centered financial and identity network, is now available in the Philippines, a country fueled by a young, digitally savvy population and an emerging middle class “eager to adopt new technologies and financial solutions.” World ID Orb verifications are… Read More

February 27, 2025 @ 3:22 pm By Omar Faridi  |  

Shop Circle announced the closure of its Series B funding round, securing $60 million in new capital. The funding round was led by Nextalia Ventures, a fund managed by the investment platform of Nextalia SGR S.p.A., with over “$1.6 billion in assets under management.” Additional… Read More

February 27, 2025 @ 3:20 pm By Omar Faridi  |  

AI is advancing as a driver of the “next generation” of payments and treasury solutions, as organizations seek to leverage tech in order to address operational challenges in an effective manner, a research report by HSBC (NYSE: HSBC) in collaboration with Accenture (NYSE: ACN) highlights. The report,… Read More

February 23, 2025 @ 5:16 pm By Omar Faridi  |  

Klarna, the AI-powered payments and commerce network, has entered a new partnership with Combined Independent Holdings (CIH), the UK arm of Euronics—Europe’s electrical buying group—to integrate Klarna’s flexible payment options into Euronics.co.uk. This collab marks the start of a rollout that will aim to extend… Read More

February 22, 2025 @ 5:58 pm By Omar Faridi  |  

DiligentIQ, the AI-powered platform for conducting private equity due diligence, has raised up to $12 million in a two-tranche Series A round led by FINTOP Capital and partner JAM FINTOP. The investment will be used to scale DiligentIQ’s team and operations “as it expands its… Read More

February 20, 2025 @ 9:22 pm By Omar Faridi  |  

Stacks, the AI-powered workspace helping companies close their books quickly and efficiently, announced a $3 million pre-seed round led by EQT Ventures, followed by a $7 million seed round led by General Catalyst, with EQT Ventures. The rounds also saw participation from s16vc and angel… Read More

February 20, 2025 @ 11:16 am By Omar Faridi  |  

Growing levels of financial crime and regulatory “scrutiny” are forcing organizations to step up spending on compliance, but they are “less sold on AI as the standalone solution,” according to a survey of risk and compliance officers by LSEG Risk Intelligence. The survey finds that… Read More