Tagged: ai

February 19, 2021 @ 7:52 am By Samantha Hurst  |  

  Canadian banking group Scotiabank announced earlier this week the launch ofC.MEE, which is described as a new technology that uses big data and artificial intelligence (AI) to enable even better customer experiences (CX) with the bank’s platform.  According to Scotiabank, C.MEE uses the banking… Read More

February 17, 2021 @ 11:22 pm By Omar Faridi  |  

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

February 17, 2021 @ 8:35 am By Omar Faridi  |  

Israel-based Mirato, a company that has developed an AI-enhanced third-party risk management platform (TPRM) for financial services providers, has secured $9 million in capital. Mirato’s investment round was led by Grove Ventures along with contributions from Janvest Capital Partners (co-leader), American Express Ventures, iAngels and… Read More

February 15, 2021 @ 8:27 am By Omar Faridi  |  

We recently caught up with Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta. Dr. Ellul discussed how blockchain-based smart contracts are streamlining routine business processes. He also talked about his research interests which include… Read More

February 14, 2021 @ 8:38 pm By Omar Faridi  |  

London-based Abaka, which improves financial wellbeing by offering affordable financial advice powered by artificial intelligence (AI), notes that companies across different categories and markets aim to deliver the appropriate messages to their target clients, at the best time, using the most engaging channels. Traditional approaches… Read More

February 11, 2021 @ 7:32 pm By Omar Faridi  |  

We’ve been trusting robots to manage money more than we “trust” ourselves, according to a recent study from Oracle and personal finance specialist Farnoosh Torabi. The global survey of over 9,000 individuals across 14 different countries revealed that the COVID-19 pandemic has “increased finance-related stress… Read More

February 11, 2021 @ 7:30 am By Omar Faridi  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More

February 9, 2021 @ 11:15 pm By Omar Faridi  |  

US-based SAS, a multinational developer of analytics software, has revealed that the Bank of Singapore, which is a member of the OCBC Group, will be using its AI-enhanced communications surveillance analytics software in their training and monitoring of customer representatives’ performance. SAS’ Trade and Communications… Read More

February 9, 2021 @ 10:25 am By Samantha Hurst  |  

    Cleareye.ai, a U.S.-based fintech that operates a artificial intelligence (AI) machine learning platform, announced on Tuesday it has joined forces with tech giant Microsoft. Cleareye.ai reported that through the partnership it will use Microsoft technology to power its products, which includes its Paycheck… Read More

February 2, 2021 @ 10:01 am By Samantha Hurst  |  

    Visa Inc. (NYSE: V) announced on Tuesday the launch of VisaNet +AI. According to Visa, VisaNet +AI is described as a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers, which includes delays and confusion with… Read More

January 21, 2021 @ 9:12 am By Samantha Hurst  |  

iCapital Network, a fintech providing access to alternative investments, announced on Thursday it is set to acquire the assets of AI Insight, Inc., an alternative investment education and compliance platform. According to iCapital Network, the AI Insight platform offers financial advisors investment research, training, qualification,… Read More

January 16, 2021 @ 6:01 pm By Omar Faridi  |  

The developers at Fetch.ai, an artificial intelligence (AI) and machine learning (ML) network, are introducing what they describe or refer to as “decentralized autonomous travel.” Fetch.ai aims to connect to more than 770,000 hotels with its Autonomous Travel system. The Autonomous AI Travel Agents intend… Read More

January 6, 2021 @ 10:01 pm By Omar Faridi  |  

Singapore’s fast-growing 1,000+ Fintech sector includes a thriving Wealthtech segment which is on track to continue growing and maturing. It’s being supported by an increased interest from local investors, strategic acquisition deals, and the growing demand for automated financial advisory services (or Robo-advisors). Many younger… Read More

January 5, 2021 @ 8:13 pm By Omar Faridi  |  

Like many other sectors of the global economy, the financial services industry is experiencing what many consider to be a data revolution. The international banking sector (along with other major industries) generates large amounts of user data when handling hundreds of billions of transactions. Data… Read More

January 4, 2021 @ 11:32 pm By Omar Faridi  |  

The Institute for Development and Research in Banking Technology (formed by the Reserve Bank of India) has revealed that the digital economy sector in India is expected to “double its output as early as 2025.” Digitization in India is expected to lead to “widespread economic… Read More

December 28, 2020 @ 11:55 pm By Omar Faridi  |  

The Coronavirus outbreak has accelerated the adoption of digital payments and other Fintech services in India. Technology has been the foundation for the growth and development of Fintech platforms in the country, according to Raj N Phani, the Founder at Indian Fintech firm Zaggle. Phani… Read More

December 24, 2020 @ 5:50 pm By Omar Faridi  |  

The Industrial Bank of Korea (IBK) has teamed up with a platform managed by Naver’s Cloud affiliate for digital innovation and development of Fintech-related services, the state-run bank confirmed on December 23, 2020. Through the partnership, both organizations will aim to enhance their Cloud and artificial… Read More

December 21, 2020 @ 8:20 am By Omar Faridi  |  

The long lines in front of ATM machines have now become a rare sight as Chinese consumers are increasingly using their smartphones to complete transactions, instead of making cash payments, according to a report from China Daily. Many people claim they can’t even recall when… Read More

December 20, 2020 @ 10:20 pm By Samantha Hurst  |  

Kvasir, a UK-based AI knowledge management software company, has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £1 million, has already attracted 655 Crowdcube investors. Krvasir is currently offering 42.33% in equity… Read More

December 11, 2020 @ 9:25 pm By Samantha Hurst  |  

Vouched, a developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, announced on Thursday it has raised  $3 million through its latest funding round, which was led by Flying Fish Partners. Founded in 2018, Vouched describes itself as… Read More