Tagged: artificial intelligence

AI Fintech ubble Secures Over $11 Million in Capital to Develop Digital ID Verification Product using Biometric Facial Recognition

France-based AI company ubble has acquired more than €10 million (appr. $11.2 million) in capital through a round led Breega and Partech and Breega. The funds raised will reportedly be used to develop ubble’s remote onine ID verification product which will include biometric facial recognition…. Read More

AI in Fintech Market to Reach $22.6 Billion by 2025, but Most Fintechs Still Prefer In-House Over Buying AI Software from Third Parties

The global AI in Fintech market was valued at about $6.67 billion last year and is now projected to reach $22.6 billion by 2025. As noted in ResearchAndMarket’s recent report, the AI Fintech sector is on track to expand at a CAGR of 23.37% from… Read More

IPC, a Global Communications Solutions Provider for Financial Markets, Partners Digital Reasoning to Identify Regulatory Risks Faster

IPC, a global provider of communications and networking solutions for the financial markets, has teamed up with Digital Reasoning, an established AI solutions provider that aims to better interpret human communications and behaviors. As noted in a release shared with CI: “The strategic partnership will… Read More

Digital Transformation Report: AI, Cloud based SaaS, and the Latest Fintech will Transform Banking in Next 5 Years

Max Chuard, CEO at Temenos (SIX: TEMN), a Switzerland-based banking software company, notes that the COVID-19 outbreak has accelerated the demand for the latest banking technologies and other cost-cutting performance efficiencies. Chuard says Cloud technologies and AI could potentially help banks weather significant socio-economic changes… Read More

Jay Nair: Senior VP at Infosys Explains how Financial Services Providers are Adopting Digital Transformation Strategies Due to COVID-19

We recently caught up with Jay Nair, Senior Vice President of Financial Services at Infosys (NYSE: INFY), a global leader in digital services and consulting. The company has clients in 45 countries who use its services to develop their digital transformation strategies. The firm has… Read More

Global Fintech Market Is Projected to Reach $300 Billion Market Cap by 2025 Due to Large Investments in New Tech and Infrastructure: Report

The global Fintech market is expected to grow at a compounded annual growth rate (CAGR) of about 20% and is projected to reach a market value of approximately $305 billion by 2025, according to a new report from ResearchAndMarkets. Last month, UBS published a report… Read More

Broadridge Unveils AI-Drive Digital Execution Platform For Corporate Bond Liquidity

U.S.-based fintech Broadridge Financial Solutions announced on Wednesday it has created a new artificial intelligent (AI)-driven digital execution platform, LTX, to bring next-generation liquidity to corporate bonds. According to Broadridge, LTX combines AI with digital execution protocol that enables broker-dealers to significantly improve market liquidity,… Read More

Edinburgh Fintech Aveni to Offer CRM, Video Conferencing and Natural Language Processing Tools to Streamline Financial and Professional Services Businesses

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

Securities Services Division of BNP Paribas to Use Natural Language Generation to Provide Concise Executive Summaries

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, is reportedly using Natural Language Generation (NLG) to prepare concise, one-page executive summaries for its custody customers. BNP Paribas explained that NLG helps it convert… Read More

UK Fintech Longevity Card to Introduce Better Way to Manage Finances via a Healthtech App, and help People Lead a Long, High-Functioning Life

UK-based Longevity Card, a Fintech company that aims to introduce a new and better way to help users manage their finances while leading a healthy lifestyle via an easy-to-use app, recently revealed that it has received private investments from a Switzerland-based branch of Deep Knowledge… Read More

HSBC Joins Forces With EquBot & IBM Watson to Introduce AI-Powered U.S. Equity Index

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

AI Startup Accern Secures $13 Million Through Series A Funding Round

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fusion Fund with participation from Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and Viaduct Ventures. Founded in 2014, Accern explained… Read More

Legaltech: PwC Canada Chooses eDiscovery Firm iCONECT CA’s Document Processing Software to Handle Legal and Privacy Requirements

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Introduces FastStart Platform to Combat Financial Crime During COVID-19

  Israel-based ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has launched FastStart, a product that aims to address the requirements of financial institutions during the COVID-19 crisis. As noted on ThetaRay’s official website: “Since the pandemic began, banks have seen… Read More

Blockchain Education: South Korea’s Suseong University Establishes DLT and Artificial Intelligence Training Center

  The Suseong University in South Korea will be working with the Korea Artificial Intelligence Association (KORAIA), in order to establish a blockchain or distributed ledger technology (DLT) and AI-focused campus in Daegu, a city located in the country’s North Gyeongsang province. Local media outlet… Read More

DriveWealth Joins Forces With AI Wealth Management Platform INDmoney to Bring U.S. Stock Investing Technology to INDmoney Clients

Digital brokerage solution provider DriveWealth announced on Thursday it is joining forces with INDmoney, an artificial intelligence (AI) and machine-learning-based wealth management platform in India, to bring U.S. stock investing technology and capability to INDmoney clients. DriveWealth reported that the collaboration with INDmoney is the latest… Read More

Artificial Intelligence Firm, AnalytixInsight, Is Expecting its Fintech Affiliate, MarketWall, to See Increased Demand Due to COVID-19

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

APAC Region Expected to Experience Significantly Increased Adoption of Digital Banking and Fintech Platforms by 2025: Report

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

AI-Powered System Commerce.AI Raises More than $1 Million Through Reg CF Offering on StartEngine

Commerce.AI, a U.S. artificial intelligence (AI) powered system, has secured more than $1 million through its Regulation Crowdfunding (Reg CF) campaign on StartEngine. Founded in 2016, Commerce.AI is on a mission to harness the power of artificial intelligence to change the way commerce is done…. Read More

AI Fintech LoanSnap Secures $10 Million in Capital from Chainsmokers’ MANTIS, Accerlator Ventures, Others

AI Fintech LoanSnap has secured $10 million in capital from Accelerator Ventures, Morado Ventures, MANTIS, True Ventures, and Work Play Ventures. MANTIS is notably a technology investment company established by Grammy award-winning band, The Chainsmokers. Existing investors Baseline, Liquid21, OVO, Virgin, and Thomvest also took… Read More

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