Tagged: artificial intelligence

Conversational AI Could Make Financial Info More Accessible, Understandable, Commonwealth Report Reveals

A report from national non-profit Commonwealth notes that “powerful” emerging technologies (Emtech) have the “unprecedented” potential to “shape the future of people’s financial lives, often in ways that will be with us for decades or longer.” According to the Commonweatlh report, Emtech like Big Data-powered… Read More

Insurtech Concirrus Introduces Next-Gen Platform for IoT or Internet of Things Enabled Insurance Sector

Insurtech firm Concirrus has introduced its next-gen platform for the (Internet of Things) IoT-enabled insurance sector. This new modular tech offering, which aims to leverage Concirrus’ extensive investment expertise and experience of working within the insurance market, will “allow insurers to accelerate their transition to… Read More

Veriff Joins Visa Fintech Partner Connect, Will Offer Automated, AI enhanced ID Verification Solutions

Veriff, an international ID verification solution provider, reveals that it has joined the Visa Fintech Partner Connect program to offer Fintech companies and traditional issuers with an automated, AI-enhanced identity verification solution. By taking part in the program, Veriff will be providing a seamless identity… Read More

Intuit Set to Acquire Mailchimp for $12B in Cash and Stock

Intuit (Nasdaq: INTU), the international tech platform that develops TurboTax, QuickBooks, Mint, and Credit Karma, reveals that it will be acquiring Mailchimp, an established customer engagement and marketing service for SMEs. The planned Mailchimp acquisition for around $12 billion in cash and stock aims to… Read More

Low-Code Platform Mendix Reveals Platform Enhancements for Digital Economy

At Mendix World 2021, a virtual assembly of low-coders, Mendix, a Siemens business and industry leader in low-code app development for the enterprise, reveal their “robust” platform enhancements that will “accelerate delivery of high-value solutions for the digital-first economy,” according to an update shared with… Read More

Broadridge Financial Solutions Appoints Fintech-focused Fixed Income Specialists

Broadridge Financial Solutions, Inc. (NYSE:BR), an international Fintech platform, reveals that Ted Bragg and Jim Kwiatkowski have now joined LTX, a Broadridge firm providing an AI-enhanced online trading platform for corporate bonds. Bragg and Kwiatkowski are now part of the LTX leadership team, working cooperatively… Read More

Uppsala Security AML, Regulatory Compliance Product Suite Now Supports Binance Smart Chain (BSC)

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

Regtech CUBE Teams Up with Sionic to Ensure Regulatory Compliance by Leveraging AI

Financial Regtech service provider CUBE has entered a new partnership with Sionic, the international consulting company. As first reported by Finextra, CUBE and Sionic plan to ensure regulatory compliance, by leveraging CUBE’s AI-enhanced regulatory data inventory and Sionic’s applied expertise in financial compliance. Financial institutions… Read More

Financial Institutions are Increasingly Adopting AI for Supporting AML as Fintech Adoption Rises: Report

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

Axyon AI, a Deep Learning Solutions Provider for Asset Management, Appoints Luigi Conti as Board Member

Axyon AI, an AI provider for the asset management sector, has appointed Luigi Conti to serve as an independent board member. Axyon AI offers deep learning solutions that assist fund managers with providing more efficient and innovative investment services. The firm, which includes UniCredit S.p.A…. Read More

IHS Markit Teams Up with Fintech Studios to Offer thinkFolio, a Multi-Asset Investment Management Solution

The team at IHS Markit reveals that they’ve teamed up with Fintech Studios to offer market intelligence, research and analytics as part of thinkFolio, their multi-asset investment management solution. Fintech Studios’ Apollo.ai makes use of an artificial intelligence engine to curate content that may be… Read More

Hawk AI Partners with Berlin’s Moss for Comprehensive Management of Secure Payments

Hawk AI, Germany’s software provider of Transaction Monitoring for banking institutions, payment companies and Fintech firms, reveals that it has teamed up with Moss, a Berlin-headquartered expense and financial platform for comprehensive management of card payments, worker expenses, and invoices. Through the partnership, Hawk AI’s… Read More

Databricks, a Data and AI Firm, Finalizes $1.6B Round at $38B Post Money Valuation, to Support Data Lakehouse Adoption

Databricks, the data and AI firm, reveals that it has completed a $1.6 billion round in order to promote the innovation and adoption of the data lakehouse, as the data architecture’s utilization across data-oriented organizations keeps growing rapidly. The Series H investment round in Databricks… Read More

US based LendingHome, a Major Lender to Real Estate Investors, to Soon Rebrand as Kiavi

LendingHome, one of the country’s largest lenders to real estate investors, reveals that it will change its name in “coming months” and rebrand as Kiavi. According to a release shared with CI, the new name, which comes from the phonetic representation of the Italian word… Read More

AI enhanced Credit Decision Platform Scienaptic AI Chosen by Cooperative Teachers Credit Union

Global AI-enhanced credit decision platform provider, Scienaptic AI, has revealed that Cooperative Teachers Credit Union (CTCU) has chosen its AI-based platform, allowing the credit union to make “stronger, faster” credit decisions and provide improved financial options for its members. As noted by Scienaptic AI‘s developers:… Read More

IPC Point of Trade Voice Transaction Data to be Integrated with Overbond AI Algos Powering Automated Fixed-Income Trading

Overbond and IPC have announced a new partnership focused on accelerating the automation of fixed-income trading with voice-to-AI technology. Overbond is teaming up with IPC, a provider of secure, compliant communications and multi-Cloud connectivity services for the international financial markets, in order to integrate IPC’s… Read More

Fintech-focused Corporate Accelerator Program Launched in Egypt by Arab Bank

The Arab Bank, one of the largest financial institutions in the Middle East, has launched its Fintech-focused corporate accelerator program, called “AB Accelerator,” in Egypt, after its successful launch in Jordan in 2018. The launch of this Fintech-related program in Egypt comes as part of… Read More

Ojamu, an AI enhanced Martech Platform, to Leverage DLT, NFTs, Will “Predict” Effective Digital Marketing Strategies

Ojamu, which aims to bring AI-enhanced MarTech (marketing technology) to the blockchain by harnessing the power of DLT and NFTs, says it wants to help with “predicting” the “most effective” digital marketing strategy for major brands. Founded in 2019, Singapore-based Ojamu notes that they plan… Read More

Dave Burns, CRO at Napier AI, Says There’s Huge Potential for What Artificial Intelligence Can Bring to AML

In the fast-evolving digital economy, money laundering and financial crime have been increasing quite rapidly as regulation and banking processes struggle to address the rise in “criminal innovation.” Because of these developments, financial institutions have to respond quickly and effectively, by utilizing the appropriate tools… Read More

Tel Aviv based Regtech Shield Introduces Alert Transparency Capabilities by Leveraging AI, NLP

The team at Tel Aviv-based Shield, an established Regtech firm, reveals that they’re introducing their powerful Alert Transparency capabilities, bringing “unmatched” understanding to compliance alerts and triggers via AI, Natural Language Processing (NLP), and various other backend technologies. As regulatory authorities throughout the world aim… Read More

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