Tagged: ai

June 30, 2023 @ 10:29 am By Omar Faridi  |  

Confluence Technologies, Inc., a global technology solutions provider to the investment management industry, announced the first development out of its innovation lab that leverages AI technology to solve complex industry problems. As the first application, the Confluence innovation lab “applies Large Language Models (LLM) to… Read More

June 29, 2023 @ 12:24 pm By Omar Faridi  |  

FiVerity, the provider of Anti-Fraud Collaboration solutions, today announced new platform features designed to help the financial industry fight back against fraud. FiVerity also announced it is “opening the network to an initial 200 small and medium-sized financial institutions, providing approved businesses with free access… Read More

June 28, 2023 @ 5:53 pm By Omar Faridi  |  

AI technology is rapidly evolving and its applications even faster. Ramp says they are dedicated “to pushing the frontiers of AI to help businesses save time and money,” using GPT to deliver price intelligence, expense management, and more. As stated by the company’s management, they… Read More

June 28, 2023 @ 2:22 pm By Omar Faridi  |  

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

June 25, 2023 @ 12:33 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.” This customizable, proprietary feature “supports person-to-person (P2P) payments, consumer and business bill payments, and… Read More

June 23, 2023 @ 12:21 pm By Omar Faridi  |  

Provenir, which claims to be a global leader in data and AI-powered risk decisioning software, announced the appointment of Carol Hamilton as its Chief Product Officer. Based in Provenir’s London office, Hamilton will be “responsible for shaping the company’s global product strategy, overseeing product development… Read More

June 23, 2023 @ 9:37 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, announced that its reinsurance program has been “renewed in good time and on good terms.” The Lemonade program is “led by the same tier-one carriers as the expiring and was oversubscribed on… Read More

June 22, 2023 @ 9:43 am By Omar Faridi  |  

JPMorgan Chase (NYSE: JPM) has reportedly appointed Teresa Heitsenrether to serve as the Head of a data and analytics division. This, according to a report from Bloomberg on Wednesday (June 21, 2023). This new appointment is part of the banking institution’s wider focus on artificial… Read More

June 20, 2023 @ 3:19 pm By Omar Faridi  |  

Fujitsu and Mizuho Financial Group, Inc. launched joint verification trials using Fujitsu’s generative AI technology to streamline development and maintenance operations of Mizuho’s system. The trials will “take place between June 19, 2023 and March 31, 2024.” Generative AI technologies “offer enormous potential to transform the… Read More

June 19, 2023 @ 11:19 pm By Omar Faridi  |  

Blackbird.AI, which claims to be the leader in AI-driven Narrative and Risk Intelligence, announced the close of a $20M Series B round led by cybersecurity investor Ten Eleven Ventures, with follow-on support from existing investors Dorilton Capital, Generation Ventures, StartFast Ventures and Trousdale Ventures. Other… Read More

June 19, 2023 @ 8:52 am By Omar Faridi  |  

Klarna, the AI powered global payments network and shopping destination, unveiled new tools enabling consumers to make more informed purchasing decisions and take action for the planet, “including a top-up donations feature and expanded CO₂e emissions tracking insights within the Home & Gardens and Jewelry… Read More

June 18, 2023 @ 12:26 pm By Omar Faridi  |  

Paro, a Chicago-based startup disrupting the way companies access on-demand finance and accounting expertise, announced it raised $25 million in Series C funding to further “develop its platform supporting freelance experts and continue its expansion with enterprise clients.” The investment round was “led by Top… Read More

June 18, 2023 @ 8:57 am By Omar Faridi  |  

EPAM Systems, Inc. (NYSE: EPAM), a digital transformation services and product engineering company, announced a strategic, global partnership with Google Cloud to develop and deploy Artificial Intelligence (AI)-first Google Cloud solutions to help enterprises overcome operational challenges and drive transformational growth. Through this partnership EPAM… Read More

June 18, 2023 @ 7:27 am By Omar Faridi  |  

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), a global banking leader, will use AWS “to deliver advanced analytics and data services in the cloud, taking a decisive step in its data and… Read More

June 17, 2023 @ 4:03 pm By Omar Faridi  |  

Bybit, which claims to be the world’s “third-most visited” cryptocurrency exchange, is pleased to announce the release of its latest tool, ToolsGPT. This innovative platform “combines ChatGPT’s machine learning technology with Bybit’s robust market data, [enhancing] the way traders make informed and profitable decisions.” ToolsGPT… Read More

June 16, 2023 @ 9:48 am By Omar Faridi  |  

The convergence of AI and NFTs has far-reaching implications for the gaming industry. It introduces a new level of customization and creativity for players, enabling them to personalize assets within the gaming space. NFTs, providing the technology for creative ownership, synergize with AI, which breaks… Read More

June 15, 2023 @ 8:47 am By Omar Faridi  |  

Eurora Solutions, a provider of AI/ML-backed cross-border e-commerce compliance platform, announces the appointment of James Doyle as CEO of its Latin American (LATAM) operations, marking Eurora’s strategic entry to the world’s fastest-growing retail e-commerce region. As noted in the update shared with CI, LATAM saw… Read More

June 14, 2023 @ 10:21 pm By Omar Faridi  |  

Normal Computing, the startup building full-stack probabilistic compute infrastructure enabling artificial intelligence (AI) for the most critical and complex applications, announced today that it has raised $8.5M in a Seed funding round led by Celesta Capital and First Spark Ventures, with participation from Micron Ventures…. Read More

June 14, 2023 @ 10:17 pm By Omar Faridi  |  

Vouched, an AI-driven identity verification platform, announced it will provide identity verification services in support of the launch of FreedomID, a platform designed “to support refugees in their safe passage and settlement anywhere in the world, formed by UK tech company Zenoo.” Vouched expects to… Read More

June 13, 2023 @ 10:14 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) has launched the 8th edition of the Global Fintech Hackcelerator, titled “Artificial Intelligence (AI) in Finance Global Challenge”, in order to “produce innovative and market-ready AI solutions that can transform the financial services industry.” The competition is “conducted in… Read More