Tagged: ai

March 22, 2022 @ 10:27 pm By Omar Faridi  |  

To properly address the stricter compliance rules resulting from extended sanctions and resulting increase in money laundering activity, ComplyAdvantage, an international data firm providing embedded counter risk intelligence to find, mitigate and stop financial crimes and Resistant AI, an AI and machine learning company providing… Read More

March 17, 2022 @ 1:59 am By Omar Faridi  |  

Refinitiv, an LSEG Business, recently revealed that it entered a strategic agreement with Vestorly, an AI-powered content curation, and marketing platform, in order to offer wealth management companies and advisors with personalized content and marketing tools “designed to foster a more-impactful digital customer engagement experience.”… Read More

March 14, 2022 @ 6:03 pm By Omar Faridi  |  

KurateDAO, a database developed on the blockchain, recently announced the close of its $6.85 million seed funding round, which was reportedly led by Polychain Capital. KurateDAO’s mission is to “use economic incentives to curate the world’s information.” Established this year, KurateDAO sees today’s “one size… Read More

March 13, 2022 @ 11:37 pm By Omar Faridi  |  

Following Buffalo’s inclusion as one of America’s “fastest-growing” startup cities in the York IE Fastest-Growing Startup Cities Report, Invest Buffalo Niagara, the area’s private-sector economic development and business attraction organization, announced that the former industrial town “saw record-breaking growth in its tech sector.” Buffalo’s startup… Read More

March 12, 2022 @ 8:41 pm By Omar Faridi  |  

Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More

March 9, 2022 @ 7:39 pm By Omar Faridi  |  

Glean AI, the intelligent accounts payable firm, has secured $10.8 million in seed financing from Contour Venture Partners (lead investor), Amex Ventures, Infinity Ventures, B Capital Group, Portage Ventures, Parameter Ventures, and several other venture funds and angel investors. The proceeds from the investment round… Read More

March 8, 2022 @ 5:31 pm By Omar Faridi  |  

Resonate (RESO), a “decentralized” social NFT platform that is centered on enabling users to have a decentralized AI-enhanced, “trusted” social experience “free from all forms of malicious, untrustworthy sources and actors” is set to launch on Fetch.ai. The first version of the platform “enables users… Read More

March 8, 2022 @ 3:08 pm By Tony Zerucha  |  

Sandbox Banking, a BaaS infrastructure company, and Upstart, an artificial intelligence lending platform, today announced a partnership that will enable Upstart to help its bank and credit union partners to more efficiently integrate Upstart loan and borrower data into their core and customer relationship management… Read More

March 7, 2022 @ 7:56 am By Omar Faridi  |  

Software intelligence firm Dynatrace (NYSE: DT) announced that TSB Bank is using the Dynatrace platform to “accelerate innovation as it expands digital services for its customers.” TSB has built a multi-Cloud banking platform on AWS, IBM Cloud, and BT Cloud, to “support customers across all… Read More

March 6, 2022 @ 6:00 pm By Omar Faridi  |  

The Dubai International Financial Centre (DIFC), a global financial center situated in the MENA and South Asia region, has issued a consultation paper “proposing to amend the Real Property Law, DIFC Law No. 10 of 2018.” The Proposed amendments will aim to “facilitate the administration… Read More

March 6, 2022 @ 1:07 pm By Omar Faridi  |  

ThetaRay, a provider of AI-enhanced transaction monitoring tech to protect banking institutions and Fintech platforms against financial crimes, recently revealed that it has solidified its international revenue operations with the appointment of Peter Reynolds as the firm’s Chief Revenue Officer. ThetaRay is an OurCrowd portfolio… Read More

March 4, 2022 @ 4:05 pm By Tony Zerucha  |  

Sure Valley Ventures, a venture capital firm that invests in high-growth software companies in sectors such as the Metaverse, artificial intelligence and cybersecurity, has completed an £85m first close of a £95m UK software technology fund. This includes a £50m investment from the British Business… Read More

March 3, 2022 @ 4:59 pm By Tony Zerucha  |  

VISO Trust, an AI-based cybersecurity due diligence platform, has raised $11 million in Series A funding led by Bain Capital Ventures, with additional participation from Work-Bench, Sierra Ventures, and Lytical Ventures. Mandiant CEO Kevin Mandia, Crowdstrike CEO George Kurtz, and former Splunk CEO Doug Merritt also participated in the round, with… Read More

March 3, 2022 @ 3:15 pm By Omar Faridi  |  

Hyperhuman is reportedly raising a €0.7M round being led by Sparking Capital, along with contributions from Early Game Ventures and SeedBlink investors. The offering on SeedBlink is raising equity capital from retail investors at a pre-money valuation of €6.2 million. The offering is scheduled to… Read More

March 2, 2022 @ 10:50 am By Omar Faridi  |  

Empowered by Enfuce’s payment platform, AirPay Digital is able to provide smart business cards featuring automated bookkeeping. AirPay, which claims to be the first card payment solution to cover the transaction journey from point-of-sale to company accounting, has selected Enfuce, one of Europe’s Fintech firms,… Read More

February 25, 2022 @ 12:13 pm By Omar Faridi  |  

Fintech firm Ramp, which offers a finance automation platform and claims to have one of the fastest-growing corporate cards on the market,  has introduced Ramp for Travel, a new AI-assisted travel solution that enables workers to “book anywhere and gives finance teams an unprecedented level… Read More

February 24, 2022 @ 8:26 am By Omar Faridi  |  

Mecanicus, a company focused on driving a “revolution” in the classic car market to ensure its “transmission to future generations,” has secured 113% (€568,692) of its €500,000 fundraising target via Crowdcube (from 121 investors at the time of writing). Mecanicus notes that it aims to… Read More

February 22, 2022 @ 9:43 pm By Omar Faridi  |  

Digital insurance marketplace RenewBuy has reportedly acquired Bengaluru-headquartered Fintech firm Artivatic.AI. The strategic acquisition by RenewBuy has been made as it aims to scale its operations and further enhance its tech stack to address the requirements of clients in insurance claim settlement, risk assessment and… Read More

February 17, 2022 @ 2:32 am By Tony Zerucha  |  

Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

February 9, 2022 @ 4:01 pm By Omar Faridi  |  

Smarter.ai, the creators of an AI marketplace to democratize artificial intelligence and help SMEs meaningfully compete with Big Tech, has announced its pre- seed raise, which was led by Fuel Ventures and Hambro Perks. As noted in the update, this comes at a time when… Read More