Tagged: ai

July 6, 2022 @ 8:43 am By Omar Faridi  |  

WiseWorks AI, the communications intelligence platform, has acquired a $1.2 million investment in order to develop a comprehensive solution for financial institutions to analyze surging virtual communications for compliance and to automate routine tasks. The oversubscribed investment round has been led by Veridian Ventures, with… Read More

July 4, 2022 @ 3:40 pm By Omar Faridi  |  

In a bid to prevent more Australians falling victim to scams, Commonwealth Bank has introduced AI tech to detect suspicious and unusual behavior on its virtual banking platforms, keeping more clients safe by alerting them to potential scams. The new AI technology uses machine learning… Read More

July 3, 2022 @ 6:10 pm By Omar Faridi  |  

Chargebacks911, the dispute tech specialist that powers chargeback remediation for the “largest” global e-commerce businesses, as well as the world’s financial institutions, celebrates “a 3x boost to its automated dispute response platform.” The use of data from a consortium of businesses across a number of… Read More

July 2, 2022 @ 10:17 am By Omar Faridi  |  

Fetch.ai, a Cambridge-based artificial intelligence lab building an open-access “decentralized” machine learning network for smart infrastructure, has released DabbaFlow, the “first of its kind” end-to-end encrypted file-sharing platform. Advanced data-sharing and privacy-preserving technologies are “ushering in a new era of data monetization,” the developers claim…. Read More

June 29, 2022 @ 6:55 am By Omar Faridi  |  

Global AI and analytics provider SAS has acquired Honolulu-based Kamakura Corporation. Privately held Kamakura offers specialized software, data and consulting that “helps financial organizations across the spectrum – banks, insurance companies, asset managers, pension funds and more – manage a variety of financial risks.” SAS‘… Read More

June 28, 2022 @ 10:55 pm By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence (AI) and investment-driven personalization to “shape the future of investor experiences,” announced two key hires “to help expand their high-growth areas across distribution and international.” Jason O’Shaughnessy has joined TIFIN as Head of International. O’Shaughnessy previously “ran the… Read More

June 28, 2022 @ 8:20 am By Omar Faridi  |  

With its innovative tech, Provenir provides an AI-powered decisioning platform that can “assess risk in areas like identity, credit, and fraud.” The company prides itself on working with established partners, such as SEON who are able to “provide groundbreaking technology that can be incorporated within… Read More

June 26, 2022 @ 3:15 pm By Omar Faridi  |  

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

June 22, 2022 @ 8:01 am By Omar Faridi  |  

UK’s AI-enhanced personal finance chatbot Cleo has achieved a $500 million valuation following an $80 million round, according to an update shared by Sky News. The investment round, which has been announced around 18 months after a $44 million fundraise by Cleo, was joined by… Read More

June 20, 2022 @ 7:34 pm By Omar Faridi  |  

BOND.AI, a “human-centered” artificial intelligence firm, recently announced the creation of The BOND Network, a “first-of-its-kind” network of financial institutions and employers for “truly interconnected finance.” The network gives partners – like banks, credit unions, large enterprises, and small businesses – access to modern financial… Read More

June 14, 2022 @ 4:21 pm By Omar Faridi  |  

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More

June 13, 2022 @ 7:59 pm By Omar Faridi  |  

Ocean Protocol, the open-source, decentralized data exchange protocol to unlock data for AI, announces the launch of OceanONDA V4. The upgrade caters to data publishers, data consumers, and data marketplace operators “with data NFTs for more flexible data management, one-sided staking to solve rug pulls,… Read More

June 7, 2022 @ 1:07 am By Omar Faridi  |  

Pennyworth, an AI-powered private bank for the “aspiring” affluent, has secured 103% (£619,023) of its £600,000 target from 241 investors (with 15 days left in the firm’s crowdfunding campaign) via Seedrs. Located in the United Kingdom, Pennyworth operates in the Finance & Payments sectors (Digital B2C)…. Read More

June 5, 2022 @ 2:28 pm By Omar Faridi  |  

AI and machine learning (ML) focused VC investment slumped in line or consistent with the market but retained “resilient valuations” as the market sorts through the fallout from the recent technology crash. As noted in an update shared by Pitchbook, funding “slumped 21.1% QoQ to… Read More

June 4, 2022 @ 11:37 am By Omar Faridi  |  

TIFIN, a Fintech platform using artificial intelligence and “investment-driven” personalization to shape the future of investor experiences, recently announced the launch of their Magnifi+ platform. As noted in an update shared with CI, Magnifi + features investment intelligence “from leading financial pros through proprietary and… Read More

June 2, 2022 @ 11:01 pm By Omar Faridi  |  

Fidelity International has teamed up with Canadian Fintech company, Conquest, as the “exclusive” distributor of its financial planning software, ‘Conquest Planning’ to the UK independent advice market. ‘Conquest Planning’ uses data and AI “to provide advisers with greater insight into clients’ changing circumstances, allowing them… Read More

May 20, 2022 @ 2:58 pm By Omar Faridi  |  

Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

May 19, 2022 @ 8:17 am By Omar Faridi  |  

ConsenSys, a blockchain tech firm, and LivePerson (NASDAQ: LPSN), a global firm focused on conversational AI, announced plans to create a “decentralized” customer care platform: VillageDAO. VillageDAO will focus on “empowering Web3 brands to self-service issue resolution by enhancing community engagement.” Community members will be… Read More

May 19, 2022 @ 5:56 am By Omar Faridi  |  

Humanitas Technologies, the impact data infrastructure startup that is building a universal diversity, equity, and inclusion (DEI) API or “Grammarly for DEI”, recently announced they’ve acquired $1.5 million in seed funding. As noted in an update shared with CI, investors include Francoise Brougher, Jeff Walker,… Read More

May 15, 2022 @ 4:17 am By Omar Faridi  |  

MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS) and industrial AI pioneer Red Dot Analytics (RDA), a deep tech spin-off from Nanyang Technological University (NTU), Singapore, have announced a collaboration “to enable greater sustainability in… Read More