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
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 (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
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
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
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
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
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
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
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
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
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
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, 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
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
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
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
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
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 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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