Tagged: artificial intelligence

AI-based Risk Assessment Solution Provider Deep Labs Secures $16 Million in Commitments from Fintech Investors

US-based Deep Labs, a company that leverages artificial intelligence (AI) to develop  “persona-based” risk assessment solutions, has reportedly managed to secure $16 million in commitments from several Fintech investors. Gunnar Overstrom, partner at Corsair Capital, Gramercy Ventures, and Serendipity Capital led the firm’s funding round…. Read More

Denmark-Based Blockchain & AI Platform Paiblock Announces Extension of In-App Banking Covering to U.S. Banks in Response to COVID-19 Pandemic

Paiblock, a Denmark-based blockchain and artificial intelligence (AI) platform, announced on Friday it has extended in-app banking coverage to customer accounts across US banks in response to the COVID-19 pandemic. Founded in 2011, Paiblock describes itself as a blockchain-based and AI-capable payment and digital lifestyle platform… Read More

Tavant Debuts Artificial Intelligence Powered Instant Refinance Advisor

Tavant, a U.S-based AI-powered digital lending technologies provider, announced on Thursday it has launched its Instant Refi Advisor (IRA) product to assist lenders that are facing an increased volume of refinancing applications. According to Tavant, the IRA is a plug-in for mortgage lenders and is… Read More

UK’s Nationwide Updates AI-enhanced Digital Assistant Arti to Answer Numerous Queries During COVID-19 Crisis

The UK’s Nationwide Building Society has prepared its virtual assistant Arti to answer common COVID-19 mortgage holiday questions from the country’s residents. Nationwide’s team of mortgage, technology, and artificial intelligence (AI) professionals have been working on an initiative that involves developing, testing, and launching a… Read More

Payoneer Announces New Collaboration With Anna to Bring AI to B2B International Payments

Digital payments company Payoneer announced last week it has formed a partnership with UK business account app ANNA to bring artificial intelligence (AI) to business to business (B2B) international payments. According to Payoneer, the partnership will allow ANNA customers, who are SMBs and freelancers, to… Read More

German Insurtech omni:us Joins Forces With Rokk3r to Enter Latin American Insurance Market

omni:us, an insurance-focused artificial intelligence (AI) solution business based in Germany, announced this week it has joined forces with Rokk3r, a global innovation technology and consulting company, to enter the Latin American insurance market. As previously reported, omni:us is an Artificial Intelligence as a Service (AIaaS) provider… Read More

Fintech Revenues Projected to Increase from $150 Billion in 2018 to $500 Billion in 2030: Report

Revenues from Fintech are expected to increase from $150 billion in 2018 to $500 billion by 2030 at an average annual growth rate that’s about 3x faster than the larger financial industry’s projected revenue growth, according to a recent report from UBS. The report notes… Read More

Canadian Fintech Boosted.ai Raises $8 Million Through Series A Investment Round to Bring AI to Investment Management

Boosted.ai, a Canada-based fintech, announced on Wednesday it raised $8 million USD Series A financing round, led by Portag3 Ventures with participation from Dunamu & Partners and Polar Equity Partners. Founded in 2017, Boosted.ai reported that it works with financial firms to enhance their investment… Read More

Fintech Solution Provider FIS’ VC Division to Invest $150 Million in High-Potential Financial Tech Companies

FIS (NYSE:FIS), a financial services technology provider, revealed on April 28, 2020 that its newly formed corporate venture investment division, FIS Ventures, has introduced an initiative that will aim to invest $150 million in high-potential Fintech firms in the coming years. FIS is a publicly-traded… Read More

Challenger Bank Zelf to Launch its own Digital Banking Software that will work only via Popular Messaging Apps like WhatsApp

Challenger Bank Zelf is reportedly planning to introduce its digital banking offering which will operate exclusively through widely-used messaging apps. The Latvian Fintech firm claims that it has already signed up more than 58,000 users, who are waiting for the official launch of Zelf’s virtual… Read More

Invoice Financing Plaform Previse Secures $11 Million in Capital via Round led by Mastercard, Reefknot Investments

Previse, an established invoice financing platform, has secured $11 million in capital through an investment round led by Mastercard and Reefknot Investments. Existing investors Augmentum Fintech, Bessemer Venture Partners, and Hambro Perks also took part in the round. Established in 2016, Previse aims to address… Read More

Insurtech: Sprout.ai, an Insurance Technology Firm that Uses AI and Natural Language Processing, Secures $2.5 Million in Capital

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

New Smart Money App Snoop to Help Consumers Better Manage their Finances During Coronavirus Crisis

Smart money app Snoop is launching its services, which aim to assist consumers with better managing their finances during the Coronavirus (COVID-19) crisis. Established by Jayne-Anne Gadhia, a former executive at digital bank Virgin Money, the Snoop Fintech app leverages Open Banking standards and technology,… Read More

Indian Fintech Zaggle, which Leverages AI and Deep Learning, to Hire 100 New Employees Despite Coronavirus (COVID-19) Outbreak

Fintech firm Zaggle, which leverages artificial intelligence (AI) and deep learning to provide innovative solutions to Indian businesses, reportedly had a turnover of around INR 1800 Crores (appr. $237 million) for the 2018-2019 financial year (FY). Zaggle is now expecting to generate INR 3500 Crores… Read More

Legaltech: Paris-based Jus Mundi, a Developer of the Search Engine for International Law, Secures €1 Million via Seed Round

Paris-headquartered Jus Mundi, a Legaltech firm that aims to serve as the search engine for international law and arbitration, has secured €1 million in capital through its recent seed funding round. Jus Mundi’s management says the firm aims to become a leading resource for international… Read More

Fintech TrueAccord, which Helps Firms Negotiate Debt Payments, Introduces “Engage,” a Direct-to-Consumer Portal

Kansas-based TrueAccord, a Fintech firm that has created special software that allows financial institutions to negotiate debt payments with borrowers, is introducing “Engage,” a direct-to-consumer portal. TrueAccord runs a countercyclical business that’s currently generating more revenue than usual, while most other companies are slowing down… Read More

AI and Blockchain Firm Points Technology Acquires Millions of Dollars in Funding via Round with Contributions from K2 Ventures Partners

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

Belgium-based InvestSuite, a B2B Wealthtech Firm, Secures an Additional €2 Million in Seed Funding

Belgium-based InvestSuite, a business-to-business (B2B) wealth technology (Wealthtech) firm, has secured an additional €2 million in seed funding. The firm’s current and new angel investors took part in the round. InvestSuite’s management and employees also made contributions, bringing the company’s total funding since its launch… Read More

ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Joins Microsoft’s Partner Program to Offer AML Solution

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

Tipalti Launches AI For Accounts Payable “Tipalti Pi”

Global payables platform Tipalti announced on Tuesday the launch of its artificial intelligence (AI) for accounts payable, Tipalti Pi. Acceding to Tipalti, the Tipalti Pi is a continuously-adaptive, integrated payables intelligence engine throughout the Tipalti platform that employs AI and machine learning to make the… Read More

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