Tagged: artificial intelligence

September 7, 2023 @ 11:40 am By Omar Faridi  |  

Provenir, which claims to be a global leader in AI-powered risk decisioning software, announced the appointment of Andres Elizondo as its new Chief Financial Officer. Elizondo brings a wealth of experience which “combines both finance and strategy, with a focus on driving and delivering long-term… Read More

September 7, 2023 @ 7:55 am By Omar Faridi  |  

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced plans to further expand its footprint in the UK market “with a new senior appointment and launch of its AI-powered cyber insurance program.” With more than half (54%) of SMEs in… Read More

September 6, 2023 @ 9:34 am By Michael Wong  |  

Artificial intelligence (AI) technology provider Elemental Cognition (EC.ai), has announced raising $60 million in its Series B funding round, with notable participation from Bridgewater Associates, Breyer Capital, AME Cloud Ventures, Staged Ventures, and other individual investors. The investment will be utilized to accelerate the commercial… Read More

September 5, 2023 @ 11:46 am By Omar Faridi  |  

Quantiphi, an Al-first digital engineering company, announced the launch of its AI-led Intelligent Underwriting Platform (AiUP), which will be “included in Google Cloud’s Industry Value Network (IVN) solutions and combines the power of Dociphi, Quantiphi’s intelligent document processing platform,” Unqork‘s codeless platform and Google Cloud’s… Read More

September 2, 2023 @ 11:01 am By Omar Faridi  |  

Xero recently announced new AI-powered product features and enhanced product experiences designed “to help small businesses and their advisors work smarter and more efficiently.” As noted in the update from Xero, the new innovations include: Enhanced AI-powered predictions in bank reconciliation and Xero Analytics Plus… Read More

September 2, 2023 @ 10:05 am By Omar Faridi  |  

Money News Network and Magnifi announced a “first-of-its-kind” podcast, “Money Assistant,” hosted by financial expert Nicole Lapin and the voice of Magnifi’s AI-powered investing assistant. This collaboration promises to improve “the way listeners engage with personal finance, offering a fresh blend of human expertise and… Read More

September 2, 2023 @ 6:22 am By Omar Faridi  |  

Cytora, the digital risk processing platform, is pleased to announce an integration with CAPE Analytics, a provider of AI-powered geospatial property data. CAPE Analytics’ commercial property data APIs will be “accessible on the Cytora platform, enhancing insurers’ capabilities to assess and manage risks associated with… Read More

September 1, 2023 @ 9:13 am By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, claims it has “taken the lead” in AI adoption as reportedly “one of the first early leaders deploying ChatGPT Enterprise, which brings the power of AI to all Klarna employees with beefed -up security, higher-speed and advanced… Read More

August 31, 2023 @ 6:41 pm By Michael Wong  |  

Artificial Intelligence (AI) and large language models (LLMs) company AI21 Labs has announced raising $155 million in Series C funding to fast-track the expansion of its “highly precised” text-based generative AI services for businesses. The Tel Aviv, Israel-based company said the funding round was backed… Read More

August 28, 2023 @ 8:30 am By Omar Faridi  |  

Research from Xero, the global small business platform, has revealed that 80% of small business owners are concerned AI development and adoption is “outpacing regulation, as generative AI tools permeate various industries and the workforce.” Xero’s Future Focus AI research “surveyed over 3,000 small business… Read More

August 25, 2023 @ 10:13 pm By Omar Faridi  |  

Mastercard (NYSE:RSKD) has established a Global Centre for Advanced AI and Cyber Technology in Dubai. The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office and Mastercard signed a Memorandum of Understanding “to increase Artificial Intelligence (AI) capabilities and readiness in the region.” An… Read More

August 22, 2023 @ 10:23 am By Omar Faridi  |  

FluidAI, the fintech making tokenized market access more efficient for institutions, trading platforms, and retail investors, has announced a partnership with I-X, Imperial College London’s artificial intelligence (AI) initiative. It marks the “first-known” AI partnership at “a globally renowned university to be partially funded by… Read More

August 21, 2023 @ 9:23 pm By Omar Faridi  |  

TIFIN AMP, the artificial intelligence (AI) platform for the intelligent distribution of funds, is pleased to announce the appointment of Sal Gagliano as the Chief Executive Officer. The firm also announced “the addition of Charlie Shaffer as the President and Chief Revenue Officer. Dr. Vinay… Read More

August 21, 2023 @ 3:39 pm By Omar Faridi  |  

Qraft Technologies, an invest-tech company specializing in artificial intelligence investing solutions, has formally entered into a strategic partnership with Hex Trust, the institutional-grade digital asset custodian licensed across global financial hubs. With the signing of the Memorandum of Understanding (MoU), Qraft will “develop digital asset… Read More

August 18, 2023 @ 12:01 pm By Omar Faridi  |  

Artificial Intelligence has considerably impacted the financial services industry in recent years, especially since the advent of OpenAI in late 2022. According to the Economist Intelligence Unit, 54% of financial services organizations with over 5000 employees “have implemented AI systems.” Most recently, the now-familiar customer-facing… Read More

August 18, 2023 @ 11:33 am By Omar Faridi  |  

Amidst the rapid change brought about by digital transformation and artificial intelligence (AI) in the financial services landscape, Eltropy’s CFI customers are adding AI Chat to their member/customer service offering, “providing them with round-the-clock service, optimizing agent efficiency to focus on more complex issues, and… Read More

August 17, 2023 @ 12:37 pm By Omar Faridi  |  

Matera, maker of instant payments, QR code and digital ledger technology, announced its strategic acquisition of Cinnecta, an AI company renowned for its solutions in customer retention, loyalty and enhancing digital experiences. The acquisition underpins Matera’s mission “to provide clients with unmatched value, especially in… Read More

August 16, 2023 @ 4:56 pm By Omar Faridi  |  

Persefoni, a Climate Management & Accounting Platform (CMAP) for enterprises and financial institutions, announces a $50 million Series C-1 funding round and the launch of PersefoniGPT, the company’s AI co-pilot product “for carbon accounting and management.” This latest investment round was “led by TPG Rise… Read More

August 15, 2023 @ 10:02 am By Omar Faridi  |  

Credit scoring is a statistical method employed by lenders to predict the probability an existing and/or prospective borrower or counterparty “will default on loans/credit products, or incur additional charges for repayment, also known as measuring creditworthiness,” the team at Juniper Research explains. Juniper Research also… Read More

August 14, 2023 @ 10:50 pm By Omar Faridi  |  

CUBE3.AI, the real-time web3 transaction security platform that blocks malicious threats, announced that its platform is generally available, and that it “has raised $8.2 million in seed funding led by Blockchange Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures…. Read More