Tagged: artificial intelligence

Tether Expands AI Strategy and Welcomes New Talent to Accelerate Innovation

Tether Operations Limited, which claims to be the largest company in the cryptocurrency industry, announced a strategic expansion of its AI [artificial intelligence] focus, positioning itself at the forefront of innovation. This move underscores Tether’s dedication “to advancing AI accessibility and efficiency, further solidifying its… Read More

AI Startups Now Increasingly Backed by Tech Giants with Fintech and Regtech Platforms Adopting the Innovation – Report

The Big Tech AI “arms race” is ongoing and picking up its pace rapidly with well over 75 AI startups that are currently backed by tech giants such as Amazon, Google, Microsoft, and Nvidia. This, according to a new report from CBInsights. CBInsights has recently… Read More

Gen AI Regulation in the UK Cannot Come Soon Enough for Consumers – Survey Reveals

Generative AI (Gen AI) became popular or more widespread with consumers in 2022, when several user-friendly text-based AI systems were released to the public, according to a recent update shared by KPMG. Yet despite its infancy, respondents to a new KPMG UK poll have “expressed… Read More

Intapp, a Provider of AI-powered Software for Capital Markets Firms, to Acquire Berlin’s delphai

Intapp (NASDAQ: INTA), a global provider of AI-powered software for professionals in advisory, legal, and capital markets firms, announced that it has signed an agreement to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The… Read More

Web3 Adoption: Tenzro Launches AI Enhanced Platform for Creatives on Avalanche

Tenzro is launching its AI content platform on Avalanche, aiming to serve as an open, composable platform for any developer to be able to easily launch AI-powered creative content capabilities. By enabling dApp builders with robust AI capabilities, Tenzro believes that “all content creators, such… Read More

PayPal Ventures Reports Co-Leading Rasa’s $30M Series C Round

PayPal Ventures reports that is co-leading Rasa’s $30 million Series C funding round. Rasa, the generative conversational AI platform, announced “the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and… Read More

Fintech Klarna Enters Subscription Market with Launch of Klarna Plus in the United States

Klarna, the AI powered global payments network and shopping assistant, announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app “for a monthly fee of $7.99.” Klarna Plus… Read More

Worldcoin and FWB, a Social Network DAO, to Explore What It Means to be Human in AI Age

Worldcoin claims that it was created to help build a more human internet and a more inclusive digital economy. That ethos aligns with the founding principles of Friends With Benefits (FWB), a new kind of social network DAO working with creatives and builders “to platform… Read More

Socure, the Provider of AI for Digital ID Verification, Introduces Identity Fraud Solution Suite

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

Regtech ComplyAdvantage Releases Financial Crime Report, Examining Fraud, Money Laundering, Illicit Activities

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

AI Expected to Impact 40% of Jobs Globally by Replacing or Complementing Roles – IMF Analysis

AI [artificial intelligence] will affect almost 40 percent of jobs around the world, “replacing some and complementing others.” So that’s why we may “need a careful balance of policies to tap its potential,” according to an update shared by the International Monetary Fund (IMF). In… Read More

Economic Outlook, Business Confidence May Improve But Company Execs Realize Importance of AI, Climate Change – Survey

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled year-on-year, according to an update shared by PwC. At the same time, the proportion of CEOs concerned “about their long-term business viability has risen to 45%… Read More

Fintech Broadridge Financial Solutions Introduces OpsGPT, a Capability for Transforming Operations Across Post-Trade Lifecycle

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI) and Large Language Model (LLM) technology, OpsGPT uses transactions, settlements… Read More

Fintech Professional Shares Feedback After Testing Digital Bank bunq’s AI Features, which Need A Lot of Improvement

bunq, a Dutch digital banking platform, has started describing itself as “the first AI-powered bank in Europe.” However, like most firms that claim to leverage AI, there is more hype than actual value being delivered to consumers. During the past few years, artificial intelligence has… Read More

BBVA Workers Are Leveraging Generative AI and Experimenting with Large Language Models (LLMs)

BBVA is looking to spot and train the best in-house talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT, as it drives the exploration of projects based on generative artificial intelligence. To succeed in… Read More

Global Fintech Klarna Appoints Matthew Miller to Key Company Role

Klarna, the AI powered global payments network and shopping assistant, announced  Matthew Miller will join the boards of Klarna Holding AB and its subsidiary, Klarna Bank AB. Miller is “a long-standing Partner at Sequoia focused on early and growth stage investments in technology companies across… Read More

Spend Management Fintech Airbase Shares Product Update and Business Outlook for 2024

As we enter 2024, Airbase wanted to take a moment to share with the progress that the Fintech firm claims to have made in 2023. According to Airbase, it was a solid year of innovation, adoption, and recognition for them. Airbase notes in a blog… Read More

AI Adoption Among Financial Services Providers Is Universal, Despite Mixed Signals of Readiness – Survey

One in five are not confident that their organizations are well-positioned to “take advantage of the potential benefits AI might bring,” according to an update from Ernst & Young LLP (EY US) which released its 2023 Financial Services GenAI Survey. Nearly all (99%) of the financial… Read More

Regtech: Vespia’s AI powered Analytics to Enhance Underwriting Process within Cytora’s Digital Risk Processing Platform

Cytora, the AI digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, “providing commercial insurance underwriters with deeper… Read More

BIGG Digital Assets to Help with Applying AI Models to Leverage Insights from Data Aggregated on Bitcoin and Ethereum Transactions

BIGG Digital Assets Inc., an innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group and TerraZero is pleased to announce that it has initiated a strategy to source partners to integrate and apply Artificial Intelligence (AI) and Machine Learning (ML) training… Read More

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