Tagged: artificial intelligence

Fintech Giant Ant Group Ramps Up Investments in AI, Tech in 2023

Ant Group, the Fintech arm of Chinese tech major Alibaba, ramped up its research and development expenditures to a record 21.2 billion yuan ($3.05 billion) last year, according to its latest sustainability report. This move highlights the company’s increasing focus on technology innovations, including artificial… Read More

Remote Working Fintech Deel Launches AI Tool for Streamlining Operations

Remote working Fintech Deel has introduced a new AI tool for enhancing various tasks. Deel says that this Ai tool helps with double-checking compliance rules. It assists with digging into your global workforce data, and then “making smarter business decisions faster using AI.” As explained… Read More

Paris based Mistral AI Announces €600M in Series B Funding After Full Year of Operations

Mistral AI is announcing €600M in Series B funding for their first year of operations. Mistral AI said the funding from the investment round will accelerate its roadmap as it continues to bring frontier AI into everyone’s hands. The company is developing various generative AI… Read More

Billtrust Introduces AI Tools to Provide Finance Professionals with Business Insights

Billtrust, a B2B order-to-cash and digital payments market leader, announced new AI functionality within its accounts receivable software platform to empower finance professionals to better understand their business, make strategic decisions and engage customers more effectively. Billtrust has introduced a new generative AI tool, Billtrust… Read More

AI-exposed Sectors Reportedly Experience Productivity Surge as AI Jobs See Up to 25% Wage Premium

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labor productivity, according to PwC’s 2024 Global AI Jobs Barometer, released recently. The report, which analyzed “over half a billion job ads from 15 countries, suggests that AI could allow many… Read More

Fintech Chime Teams Up With FairPlay to Embed Fairness into its Algorithmic Decisions

FairPlay, a Fairness-as-a-Service company, announced a customer relationship with Chime, a financial technology platform founded on the belief that everyday people deserve access to helpful, transparent and fair banking services to unlock financial progress. Chime will implement FairPlay’s solutions in “the underwriting models powering the… Read More

BBVA Accelerates AI Strategy and Signs Agreement with OpenAI

After years at the forefront of projects and research based on artificial intelligence (AI), BBVA takes a “decisive step” in the use of generative AI in its main markets. On the one hand, it has prioritized “around 100 projects that will be developed with different… Read More

AI Act: European Council Approves Law Aiming to Harmonize Rules on Artificial Intelligence

The European Council has now approved a law aiming to harmonise rules on artificial intelligence, the so-called artificial intelligence act. The flagship legislation follows a ‘risk-based’ approach, which means “the higher the risk to cause harm to society, the stricter the rules.” It is the… Read More

Generative AI Is Becoming Increasingly Relevant for Firms Based in Germany – Report

Generative AI is becoming increasingly relevant for German companies: More than half of the companies (53 per cent) are planning to significantly expand their investment activities, according to an update from KPMG. More than half of these companies even want “to increase their investments by… Read More

Wolters Kluwer Launches AI Center to Enhance Deep Domain Knowledge

Wolters Kluwer (EURONEXT: WKL), a global firm focused on professional information, software solutions, and services, today unveiled its dedicated AI center. The launch marks the company’s ongoing commitment “to combining deep domain knowledge with technology such as artificial intelligence (AI), which Wolters Kluwer has been incorporating… Read More

Industry Professional Comments on UK FCA’s Approach to Leveraging AI in Financial Services

Commenting on the UK Financial Conduct Authority (FCA)’s strategic approach to the use of Artificial Intelligence in the UK financial services sector, Karim Haji, global and UK head of financial services at KPMG, said: “It’s hard to overstate the potential capabilities of AI for a… Read More

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