Tagged: ai

July 4, 2024 @ 4:28 pm By Omar Faridi  |  

CBInsights has released the State of Venture Q2’24 Report CB Insights notes that you may review the latest investment data to make more well-informed decisions. According to the update from CBInsights, AI startups steal the show, “grabbing nearly a third of all funding, while the… Read More

July 4, 2024 @ 10:25 am By Omar Faridi  |  

Gupshup, the Conversation Cloud, announced its partnership with Tonik Bank, the digital-only neobank in the Philippines, to develop a Generative AI chatbot for Tonik’s mobile app. The solution aims to provide Tonik’s customers “with instant and accurate answers to frequently asked questions, improving the way… Read More

July 1, 2024 @ 12:06 pm By Omar Faridi  |  

The team at CBInsights has shared key industry insights in an update, entitled Enterprise AI Roadmap: How the AI development platform landscape has transformed, changing how buyers assess ROI, use cases. The researchers reportedly mined CB Insights data and spoke “with 50+ buyers of AI… Read More

June 30, 2024 @ 4:11 pm By Omar Faridi  |  

The rapid adoption of AI requires central banks to embrace the new technology, the Bank for International Settlements said recently, urging policymakers to anticipate the transformative effects of AI on the economy and to use it to sharpen their own analytical tools in pursuit of… Read More

June 30, 2024 @ 10:56 am By Omar Faridi  |  

Nubank (NYSE: NU) announced the acquisition of Hyperplane, a data intelligence company from Silicon Valley. The partnership will usher in a new era for digital banking platforms, “bringing smarter, fairer, and more personalized financial products and services to Nubank’s customers.” Hyperplane, launched in 2022 and… Read More

June 29, 2024 @ 4:05 pm By Omar Faridi  |  

Feedzai and STET, a European company focused on payment market infrastructures, which processed more than 35 billion transactions in 2023, are working together “to offer concrete and innovative solutions to financial institutions to help them in the fight to protect their customers from payment fraud.” Feedzai’s… Read More

June 28, 2024 @ 12:24 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, released the results of a national survey exploring financial language understanding across the UK. The report, part of Klarna’s commitment to “improving greater transparency in the financial industry, reveals millions of UK adults (40 per cent)… Read More

June 28, 2024 @ 11:59 am By Omar Faridi  |  

Jumio, a provider of automated identity verification, and risk signals has released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety “among consumers that weaknesses in their banks’ fraud-protection measures could leave them exposed to scammers, which would result… Read More

June 26, 2024 @ 10:47 pm By Omar Faridi  |  

The International Monetary Fund (IMF) has released an update titled “Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge.” The IMF noted in a blog post that the new AI Preparedness Index Dashboard “tracks 174 economies based on their digital infrastructure, human capital, labor… Read More

June 25, 2024 @ 8:50 pm By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping assistant, announced the divestment of Klarna Checkout (KCO). The buyer is a consortium of investors led “by Kamjar Hajabdolahi, CEO & Founding Partner at BLQ Invest.” This strategic move will allow KCO to “continue its evolution… Read More

June 25, 2024 @ 8:21 am By Omar Faridi  |  

Despite mounting concerns from pension savers, shareholders of three of the biggest US tech companies that form a significant portion of the ‘Magnificent Seven’ have dismissed calls to address the risks associated with Artificial Intelligence (AI) developments. This, according to an update from UK’s PensionBee…. Read More

June 24, 2024 @ 3:16 pm By Omar Faridi  |  

As technologies currently capturing the world’s attention, there are significant synergies to explore between blockchain and artificial intelligence (AI). In their efforts to develop and build the ecosystem for our EVM-compatible sidechain Neo X, the Neo team is announcing a new partnership with Phoenix, a… Read More

June 24, 2024 @ 7:40 am By Omar Faridi  |  

ARK Invest says it aims to deliver long-term capital appreciation by investing in the leaders, enablers, and beneficiaries of disruptive innovation. ARK has shared a detailed report that explores the potential impact of disruptive innovations, including AI and decentralized virtual currencies like Bitcoin and Ethereum…. Read More

June 23, 2024 @ 7:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCino’s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

June 22, 2024 @ 5:43 pm By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform announces the appointment of Chris Shayan as the new Head of Artificial Intelligence. This strategic move is set to significantly “advance Backbase’s AI vision and adoption across its tech offering, reinforcing its commitment to re-architecting banking around… Read More

June 22, 2024 @ 5:36 pm By Tony Zerucha  |  

Most U.S. businesses are seeing an increase in fraud, and key decision-makers see the need for vigilance. Those are among the findings of Veriff’s U.S. Fraud Industry Pulse Survey for 2024. Almost 87% of companies saw an increase in online fraud in 2023, while 78%… Read More

June 19, 2024 @ 12:41 pm By Omar Faridi  |  

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

June 16, 2024 @ 5:00 pm By Omar Faridi  |  

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

June 16, 2024 @ 3:54 pm By Omar Faridi  |  

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

June 15, 2024 @ 9:21 am By Michael Wong  |  

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