Tagged: artificial intelligence

November 19, 2019 @ 3:00 pm By Omar Faridi  |  

The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, is introducing a new program that will give the institution’s senior workers an opportunity to understand the ethical principles and guidelines involved in using artificial intelligence (AI)-based… Read More

November 18, 2019 @ 2:34 pm By Omar Faridi  |  

In order to encourage the development of innovative solutions while supporting financial inclusion, banks and world governments are expected to increasingly adopt Fintech-based solutions next year. This, according to a recent report from Ecosystm, a “disruptive” technology research and advisory service. The report, titled “Ecosystm… Read More

November 15, 2019 @ 9:01 am By Omar Faridi  |  

Montreal-based Stradigi AI, a firm focused on developing artificial intelligence (AI)-powered solutions, revealed on November 12 that it had raised $53 million CAD (appr. $40.3 million) via a Series A investment round. The capital raised will be used to support the firm’s expansion into North… Read More

November 15, 2019 @ 8:30 am By Omar Faridi  |  

Silent Eight, a Singapore-based regulatory technology (Regtech) company, announced on November 14 that it had raised an oversubscribed $6.2 million through a Series A investment round. The funds raised will be used to recruit new talent in order to support Silent Eight’s new clients who… Read More

November 14, 2019 @ 1:51 pm By Omar Faridi  |  

Plum, an artificial intelligence (AI)-enhanced smart savings application, has raised around $3 million via its second investment round, bringing the company’s total funds raised to approximately $9.3 million. Plum recently introduced its new Android app, which extends the firm’s digital offering across Facebook Messenger and… Read More

November 13, 2019 @ 12:14 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS) is working with financial industry partners to create a framework for financial institutions on the responsible adoption of Artificial Intelligence (AI) and Data Analytics (AIDA). The new framework has been given the name “Veritas.” The goal is to enable… Read More

November 12, 2019 @ 1:41 pm By Omar Faridi  |  

JP Morgan, the world’s sixth-largest bank, has reportedly acquired an undisclosed stake in Limeglass, the developer of a set of tools that eliminate information overload in order to help people focus on the “relevant paragraphs” of their financial market research. As one of JP Morgan’s… Read More

November 11, 2019 @ 9:57 pm By Omar Faridi  |  

The central bank of Singapore is preparing to extend additional funding for Fintech-related projects, because the five-year investment round ending in March has led to positive developments. The Monetary Authority of Singapore (MAS) will most likely announce additional funding plans in 2020, with key investments… Read More

November 8, 2019 @ 10:45 am By JD Alois  |  

A leading artificial intelligence (AI) consultancy, Brainpool AI is raising capital on Seedrs. The consultancy is seeking £120,001 for a 3.3% equity stake in the firm. The company has set a pre-money valuation of £3.5 million. As this moment, Brainpool AI has raised over half… Read More

October 30, 2019 @ 10:22 am By Omar Faridi  |  

Turing Intelligence Technology (TurinTech.ai), a research and innovation-driven artificial intelligence (AI) firm that focuses on automatic optimizations, has raised over £1 million through a seed funding round. Currently based in Cambridge, TurinTech.ai was established by four researchers at University College London (UCL). A resident at… Read More

October 25, 2019 @ 1:10 am By Omar Faridi  |  

Voca.ai, a company that provides human artificial intelligence (AI) virtual agents, announced on October 23 that it has received funding from American Express Ventures, the strategic investment division of American Express (Amex), a New York-based multinational financial services corporation.  Existing investors lool ventures and Flint… Read More

October 23, 2019 @ 2:48 am By Omar Faridi  |  

Singapore is the world’s most prepared city for adopting innovative technologies such as artificial intelligence (AI) and it’s also considered a world leader in terms of smart city development, according to recent studies. Research performed by Oliver Wyman Forum ranked 105 cities throughout the world… Read More

October 21, 2019 @ 9:45 am By Samantha Hurst  |  

ZestFinance, an artificial intelligence (AI) software for credit provider, announced once Monday it has rebranded to Zest AI. The company reported that as it celebrates its tenth year anniversary, it remains committed in its original mission to make fair and transparent credit available to everyone…. Read More

October 20, 2019 @ 12:20 pm By Omar Faridi  |  

The global Regtech market was valued at $2.45 billion in 2017 and is projected to reach an estimated $12.43 billion by 2026, at a compounded annual growth rate (CAGR) of 22.51%. Regtech refers to set of tools developed to enhance the efficiency and effectiveness of… Read More

October 18, 2019 @ 8:38 pm By Omar Faridi  |  

Sberbank Rossii PAO (MCX:SBER) and Microsoft Research (MSR) announced a joint initiative to explore the use of Microsoft’s artificial intelligence (AI) solutions in robotics. The project involves training robots to interact with real-world objects in the same way that humans do. Researchers at Sberbank will… Read More

October 15, 2019 @ 10:51 am By Omar Faridi  |  

HSBC, one of the world’s largest banking and financial services organizations, is planning to embrace new technologies and relaunch its “First Direct” brand in order to attract younger clients while competing with digital challengers. According to the Financial Times, the London-headquartered financial institution is considering… Read More

October 13, 2019 @ 9:33 am By Omar Faridi  |  

Corporate treasurers believe that advancements in cloud computing will be one of the most important technological developments to impact their industry in the coming years. Big Data analytics and artificial intelligence (AI) are also expected to improve standard business processes. The Deutsche Bank-supported Economist Intelligence… Read More

October 11, 2019 @ 3:17 pm By Omar Faridi  |  

Amsterdam-based ING, a multinational banking and financial services corporation, has joined a group of organizations to promote the development and adoption of artificial intelligence (AI) in the Netherlands. The project is part of a nationwide plan to halt a brain drain of talented AI professionals… Read More

October 1, 2019 @ 5:04 pm By Omar Faridi  |  

UK-based SenSat, a company that converts complex visual and spatial data into a real-time simulated reality that allows computers to find solutions to real-world problems, has raised $10 million through a Series A investment round, which was led by Shenzhen-based internet giant Tencent. Sistema Venture… Read More

September 24, 2019 @ 3:29 am By Omar Faridi  |  

Palo Alto-based artificial intelligence (AI) firm Vianai has raised $50 million through its seed round. Launched by former SAP executive Vishal Sikka, Vianai aims to transform the current machine learning (ML) industry. The company was introduced at the Oracle Open World, where Sikka was one… Read More