Tagged: ai

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

December 11, 2020 @ 10:24 am By Samantha Hurst  |  

Metechi, a U.S.-based AI-powered debt trading platform, announced on Friday it secured $5 million through its latest investment round. Founded in 2017, Metechi claims it empowers banks and Institutional Investors to better serve their clients, compete with larger institutions for business, and observe regulatory balance… Read More

December 7, 2020 @ 9:25 pm By Omar Faridi  |  

United Overseas Bank (UOB) has revealed that its artificial intelligence (AI)-powered anti-money laundering (AML) technology has been quite effective at assisting the Singapore-based bank with analyzing large volumes of transactions to identify suspicious or potentially fraudulent financial activities. The UOB, a multinational banking organization with… Read More

December 5, 2020 @ 7:52 pm By Omar Faridi  |  

The COVID-19 pandemic has led to businesses or companies adopting artificial intelligence (AI) based solutions. Firms operating in nearly every sector have integrated AI and automation software according to a new survey of professionals working in the financial services sector. Nearly 66% or two-thirds of… Read More

December 4, 2020 @ 11:54 am By Omar Faridi  |  

US-based digital asset exchange Coinbase has revealed that it’s focused on building “state-of-the-art” machine learning (ML) technology with “efficient” execution for the crypto and blockchain-focused economy. Catalin Tiseanu, an engineer working at Coinbase, writes in a blog post that the digital assets firm leverages machine… Read More

November 24, 2020 @ 9:47 am By Samantha Hurst  |  

  China-based AI-powered platform for business IceKredit announced on Tuesday it secured $33 million through its Series C funding round, which was led by Guoxin Venture Investment with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. Founded in 2015, IceKredit describes itself as an… Read More

November 23, 2020 @ 2:28 pm By Samantha Hurst  |  

FinChatBot, a creator of conversational AI solutions for the financial services industry, recently annonced it attracted £1.2 million from Saviu Ventures,  Compass Venture Capital, and Kalon Venture Partners. FinChatBot reported that both Compass Venture Capital and Kalon Venture Partners are solidifying their positions, having previously… Read More

November 23, 2020 @ 11:15 am By Samantha Hurst  |  

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

November 20, 2020 @ 3:24 pm By Samantha Hurst  |  

Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More

November 20, 2020 @ 9:58 am By Samantha Hurst  |  

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More