Tagged: ai

October 24, 2023 @ 10:11 pm By Omar Faridi  |  

nSure.ai, an innovator in AI-driven fraud prevention, and Justt, a firm focused on smart chargeback automation, today announced a new partnership. This collaboration will aim to “provide fraud protection and chargeback management capabilities tailored for high-risk digital transactions in gaming, gift card, and cryptocurrency.” As… Read More

October 24, 2023 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today unveiled at Money20/20 USA Jumio 360° Fraud Analytics, its new fraud-fighting technology that uses AI-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before. According to… Read More

October 23, 2023 @ 8:38 pm By Omar Faridi  |  

Even as the initial hype around AI-specific stocks cools off, investors are still buying into the technology as a market-driver. New data from the latest Retail Investor Beat survey from trading and investment platform eToro finds “that one in four (26%) American investors consider digital… Read More

October 23, 2023 @ 8:27 pm By Omar Faridi  |  

A Fintech as a Service provider selects Onfido for its AI-powered digital identity solution to streamline and secure customer onboarding. Onfido, the global firm focused on automated identity verification, announced a partnership with wearonize, the international payment service provider, in order “to enhance customer digital… Read More

October 22, 2023 @ 7:17 pm By Tony Zerucha  |  

The American Fintech Council this week announced that Cleo has become its newest member. Cleo is the latest in a growing number of fintechs who have joined the American Fintech Council roster in recent weeks. “Cleo focuses on the comprehensive and unique financial situation of each… Read More

October 20, 2023 @ 5:54 pm By Omar Faridi  |  

Extend has announced the launch of AI-powered automatic receipt matching via its spend management platform. The new feature allows users “to email or upload receipt images into the Extend app, where those images are then automatically matched to their corresponding transactions.” Coupled with Extend’s receipt… Read More

October 20, 2023 @ 5:44 am By Omar Faridi  |  

InvoiceMate is a blockchain & AI-powered invoicing platform that acts as a bridge between SMEs and financing institutions. InvoiceMate leads to easier financial inclusion “by enabling SMEs access to various forms of credit like invoice discounting, factoring, Buy Now Pay Later (BNPL), and supply chain… Read More

October 19, 2023 @ 9:59 pm By Omar Faridi  |  

Nubank (NYSE:NU) is starting to test this week a new solution that applies generative artificial intelligence as a virtual assistant to further enhance customer service. In this initial stage, the AI solution will “focus on presenting personalized possibilities related to credit granting within the Nubank… Read More

October 19, 2023 @ 2:35 pm By Omar Faridi  |  

AirPak, which claims to be a leader in remittance services across Central America, is proud to announce its partnership with ThetaRay, a key player focused on AI-powered transaction monitoring solutions. ThetaRay is an OurCrowd portfolio company that has raised over $23 million on the investment… Read More

October 12, 2023 @ 11:25 pm By Omar Faridi  |  

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, announced that it has closed its Series A round with $16.5 million in funding. The investment round was “led by Fin Capital and joined by… Read More

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

October 11, 2023 @ 10:18 pm By Michael Wong  |  

Greylock, a global venture capital investor well known for backing major tech firms such as Airbnb, Coinbase, and Meta, has announced the launch of its 17th fund, with $1 billion in total corpus. The fund, Greylock 17, will focus on Pre-Seed, Seed, and Series A… Read More

October 11, 2023 @ 6:16 pm By Omar Faridi  |  

Razorpay introduces what it claims is India’s “first” AI-powered payments Infinity Router – Razorpay Optimizer. Razorpay designed this solution “to help you make the smartest routing decisions when working with multiple payment gateways.” Using the Razorpay solution, businesses can “set up their own rules to… Read More

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

October 8, 2023 @ 2:47 pm By Omar Faridi  |  

Gemba Finance, a provider of innovative banking and financial management solutions, and ThetaRay, the firm focused on next-generation AI-powered trusted global payments, announced the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, in order “to power Gemba’s growth, while reducing regulatory exposure which frequently hampers… Read More

October 4, 2023 @ 7:35 pm By Omar Faridi  |  

Stampli, a key player focused on AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round “led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.”… Read More

October 4, 2023 @ 11:11 am By Omar Faridi  |  

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 2, 2023 @ 11:33 am By Omar Faridi  |  

The DFINITY Foundation, a “not-for-profit” research and development organization and major contributor to the Internet Computer Protocol (ICP) blockchain, announced the launch of the ICP Asia Alliance and a $20 million grant fund “to support the growth and development of Asia-based initiatives in the field… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More