Tagged: artificial intelligence

September 20, 2021 @ 8:37 pm By Omar Faridi  |  

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

September 20, 2021 @ 6:10 pm By Omar Faridi  |  

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

September 17, 2021 @ 12:45 pm By Omar Faridi  |  

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

September 16, 2021 @ 4:10 pm By Omar Faridi  |  

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

September 11, 2021 @ 8:41 am By Omar Faridi  |  

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

September 8, 2021 @ 10:15 pm By Omar Faridi  |  

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

September 7, 2021 @ 8:07 pm By Omar Faridi  |  

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

September 6, 2021 @ 11:04 pm By Omar Faridi  |  

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

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

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

September 4, 2021 @ 12:15 pm By Omar Faridi  |  

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

September 3, 2021 @ 12:17 pm By Omar Faridi  |  

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

September 3, 2021 @ 8:51 am By Omar Faridi  |  

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

September 2, 2021 @ 6:55 pm By Omar Faridi  |  

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

September 1, 2021 @ 9:00 am By Omar Faridi  |  

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

August 24, 2021 @ 10:44 pm By Omar Faridi  |  

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

August 23, 2021 @ 11:47 pm By Omar Faridi  |  

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

August 23, 2021 @ 10:37 pm By Omar Faridi  |  

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

August 23, 2021 @ 5:47 pm By Omar Faridi  |  

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

August 15, 2021 @ 7:59 pm By Omar Faridi  |  

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

August 12, 2021 @ 8:15 am By Omar Faridi  |  

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