Tagged: artificial intelligence

Ping An Set to Develop National Open Innovation Platform For Next Generation AI in Consumer Puhui Finance

Ping An Insurance Group announced on Thursday it was selected to develop the national Open Innovation For Next Generation Artificial Intelligence. The company reported that the announcement was made at the World Artifical Intelligence Conference 2019 in Shanghai and Ping An is claimed to be… Read More

Wirecard Launches New Grab & Go Prototype to Offer New Shopping Experience Through AI

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday the launch of its new Grab & Go Store prototype. According to Wirecard, the store offers an entirely new shopping experience through AI. “Consumers enter the store via smartphone, pick products which are… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

House Financial Services Committee to Hold Hearing on Securities Exemptions, IPOs & Retail Investment

Both the US House and Senate are out of session now as the pols exit the sweltering heat of Washington, DC, during the month August for a summer recess. Congress returns the following month to continue its work and the House Financial Services Committee, under… Read More

Temenos Pushes Into Artificial Intelligence with Acquisition of Explainable AI Platform

Fintech software provider Temenos (SIX: TEMN), has acquired Logical Glue Ltd., a UK-based creator of the “Explainable AI” (XAI) platform. In a release, Temenos explained that the acquisition will accelerate Temenos’ artificial intelligence (AI) roadmap by providing AI credit scoring models that are immediately available… Read More

Artificial Intelligence: AlphaSense Raises $50 Million Series B led by Innovation Endeavors

AlphaSense, an artificial intelligence (AI) platform, has secured $50 million in a Series B funding round led by Innovation Endeavors. AlphaSense already claims over 1000 corporate clients that use its market intelligence service. Other investors in the funding round include Soros Fund Management LLC, through… Read More

Near Claims the World’s Largest Data Set of People’s Behavior and it Just Raised $100 Million

Backed by JP Morgan and Sequoia, Near has just raised $100 million in new financing from PE firm Greater Pacific Capital. Near is a company that uses AI to make “real-world data actionable.” The company claims to have the “largest data set of people’s behavior… Read More

How AI is Shaking Up the Finance World

While artificial intelligence (AI) might sound like something out of science fiction movies or a Philip K. Dick Novel, it’s fast becoming a key feature of many of America’s biggest and most dynamic industries. The financial services industry, where small margins can mean millions of… Read More

Algo AI Firm Imandra Raises $5 Million in Seed Funding

Imandra, an artificial intelligence (AI) firm that analyses algorithms, has raised $5 million in seed funding led by Live Oak Venture Partners, IQ Capital, and AlbionVC. In 2015, Imandra won the UBS Future of Finance Challenge by using its AI technology to find a fundamental… Read More

RealtyMogul Sells Machine Learning & Artificial Intelligence Loan Underwriting Tool to Hunt Real Estate Capital

Real estate crowdfunding platform RealtyMogul announced on Monday it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital. According to RealtyMogul, Hunt Real Estate Capital plans to deploy the tool across its commercial real estate lending business. While sharing details… Read More

BizEquity Debuts New AI Engine & Lead Service “Franklin”

Fintech

U.S. fintech and online provider of business valuation big data BizEquity announced on Monday the launch of its new patent-pending artificial intelligence (AI) engine and lead service, Franklin. BizEquity reported that with Frankin it is launching a new lead generation and intelligent routing service to prospect and engage… Read More

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

Finance Focused AI Chatbot Charlie Raises $9 Million Series A

Artificial intelligence (AI) chatbot “Charlie,” has raised a $9 million Series A Round led by Propel Venture Partners. Charlie is described as an AI assistant for people who “don’t speak finance.” Charlie is designed to help people save more, cut bills, take control of debt,… Read More

Marvelstone Group Signs MOU With A*ccelerate to Incubate AI Startups in Singapore

Marvelstone Group, a Singapore-based private investment company, announced on Monday it has signed an MOU with A*ccelerate to incubate artificial intelligence (AI) startups in Singapore. The company reported that the partnership aims to collaborate on developing a global AI Hub as a community for innovative companies, including… Read More

Is Artificial Intelligence the Biggest Beneficiary of the Autumn Budget?

Artificial Intelligence (AI) is creeping into every sector of the economy. Financial services is a huge beneficiary of AI as it has the potential to provide better services at a lower cost to many more people. In the recent Autumn Budget presentation by Chancellor Philip… Read More

Online Lender MoolahSense Adds Blockchain-based AI for Superior Risk Management

Singapore based peer to peer lender MoolahSense has added a cloud and blockchain based Artificial Intelligence (AI) that is said to provide real-time anticipation of loan delinquency, fraud, and default. “MoolahSense Active Intelligence” (MAI) is designed to monitor loans and borrower business activities in real-time… Read More

Temenos Update: Increasing Development of AI Capabilities Throughout Digital Banking Platform

Fintech

Fintech software provider Temenos (SIX: TEMN) announced on Wednesday it is increasing the development of Artificial Intelligence capabilities throughout its digital banking platform. The company reported that its Temenos AI initiative will enable banks to offer personalized services to customers, augment users’ decisions with data-driven machine intelligence,… Read More

World’s Biggest Insurtech Conference Captures Industry Mood on Blockchain, AI

On October 2-3, 2018 Oliver Wyman, a global management consulting firm, presented Insuretech Connect at the MGM Grand in Las Vegas, Nevada. The event was promoted as the largest annual insurtech event in the world, this year boasting over 6000 registered guests and over 250… Read More

Overfunding: AI Web App butterwire Surpasses £200,000 Funding Target on Crowdcube

Butterwire

AI web app butterwire has successfully secured its initial £200,000 funding target from nearly 100 investors through its equity crowdfunding campaign on Crowdcube. According to butterwire, the app was launched in June 2018 and is described as professional research and portfolio analyst platform that may… Read More

Sberbank Announces Data Research & AI Competition Classic AI

Sberbank announced on Monday that applications for the Classic AI competition is now open. According to Sberbank, participants of the competition will develop an algorithm that will create a poem in the style of a given author, based on the received part of their text in Russian…. Read More

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