Tagged: artificial intelligence

January 5, 2023 @ 8:40 am By Omar Faridi  |  

ComplyAdvantage, which claims to be a global leader in AI-driven fraud and anti-money laundering (AML) risk detection, announced its inclusion in the Chartis RiskTech100. The RegTech saw “an increase in its overall score compared with 2022, driven by an almost 8 percentage point increase in… Read More

January 2, 2023 @ 8:43 am By Omar Faridi  |  

iKVA (formerly Kvasir), an AI knowledge management company which seeks to enable businesses to make better decisions, has secured 64% (£441,800) of its £680,000 target (at the time of writing) from 178 investors with 8 days left in the firm’s crowdfunding campaign, carried out via… Read More

December 26, 2022 @ 10:37 am By Omar Faridi  |  

83% of firms will increase spending “on operational excellence initiatives in 2023,” according to an update from Verdantix. AI [artificial intelligence] and machine learning are “increasingly being used by industrial firms to maximise data utility.” The report from Verdantix also mentioned that “the global skills… Read More

December 18, 2022 @ 1:33 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced its membership in the Corporate Affiliate Program of the Stanford Institute for Human-Centered Artificial Intelligence (HAI), an organization dedicated to “guiding and building the future of artificial intelligence (AI).” Lan Guan, global lead of Cloud First Data & AI at Accenture,… Read More

December 15, 2022 @ 11:48 pm By Omar Faridi  |  

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a provider of AI-powered transaction monitoring technology, announced a collaboration to implement ThetaRay’s cloud-based AML solution “to monitor cross-border payments and support in the prevention of financial crimes and money laundering… Read More

December 15, 2022 @ 8:03 am By Omar Faridi  |  

Kaiju ETF Advisors announced the launch of BTD Capital Fund, an AI-driven actively managed ETF. By harnessing the power of big data and artificial intelligence, the company “believes it has eliminated the guesswork in finding dips.” While most ETFs track indices or sectors, DIP seeks… Read More

December 14, 2022 @ 8:10 pm By Omar Faridi  |  

TOGGLE AI, the “intelligent” investing dashboard, introduced its first direct trading integration in partnership with Interactive Brokers. Interactive Brokers account holders “can now execute trades directly on the TOGGLE AI platform, while accessing the entire suite of tools offered by TOGGLE, from AI news insights… Read More

December 8, 2022 @ 8:11 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced a multi-year innovation partnership with NVIDIA in order “to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector.” Combining Deutsche Bank’s financial industry expertise with NVIDIA’s leadership in AI and accelerated computing “will… Read More

December 7, 2022 @ 6:21 pm By Omar Faridi  |  

Operative Intelligence, which claims to be the first purpose-built Demand-Insights-as-a-Service platform, raised $3.5 million in a seed funding round “to significantly expand its team and scale its customer intelligence product capabilities for the world’s leading enterprise companies.” The investment round was “led by Bonfire Ventures… Read More

December 7, 2022 @ 3:33 pm By Omar Faridi  |  

TIFIN, the wealth AI platform known for its engaging experiences to enable better outcomes, has launched a new platform, TIFIN AMP, that “addresses distribution frictions in the asset management industry.” This new platform “combines marketing, data science and sales enablement capabilities to drive more intelligent… Read More

December 2, 2022 @ 12:33 pm By Omar Faridi  |  

Finastra announced that Clinc, the conversational AI specialist serving global financial institutions, will “deliver its Virtual Banking Assistant technology fully integrated within Finastra’s Fusion Digital Banking platform.” The application “enables Finastra’s bank and credit union customers, utilizing Fusion Digital Banking as their digital platform, to… Read More

November 30, 2022 @ 8:13 am By Omar Faridi  |  

ClearBank, which claims to be the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, announced they will “collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading… Read More

November 29, 2022 @ 5:07 pm By Omar Faridi  |  

The payment fraud market faces “a number of challenges which makes it uniquely suited to the wide-scale deployment of fraud prevention systems,” according to an update from Juniper Research. The update from Juniper Research notes that one major feature that AI systems possess is “the… Read More

November 28, 2022 @ 10:34 am By Omar Faridi  |  

Awaken Intelligence, an AI or artificial intelligence-enhanced software, which helps contact centers to improve call time & customer satisfaction, analyzing conversations in 38 languages, has secured 123% (£681,501.18) of its £550,000 fundraising target from 190 investors with 1 day left in the firm’s crowdfunding campaign… Read More

November 24, 2022 @ 9:35 am By Omar Faridi  |  

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

November 21, 2022 @ 9:38 pm By Omar Faridi  |  

Aunalytics, a data management and analytics company delivering Insights-as-a-Service for mid-market businesses, announced it has initiated Enterprise Analytics, a managed service comprised of experts in data analytics, data engineering, artificial intelligence (AI) and machine learning. The new solution “couples the tools and technology required to… Read More

November 16, 2022 @ 11:47 am By Omar Faridi  |  

RBC Capital Markets announced the launch of Aiden Arrival, the second algorithm on the firm’s AI-based electronic trading platform. Aiden Arrival builds on the success of the Aiden platform’s first solution, “a volume-weighted average price (VWAP) algorithm, aims to reduce arrival price slippage and offer… Read More

November 7, 2022 @ 3:11 pm By Omar Faridi  |  

impak Ratings, an impact analysis, and ratings Fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities. Exerica’s entire team will be “integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software.” This will “increase production capacity for… Read More

November 6, 2022 @ 3:26 pm By Omar Faridi  |  

Momentum Global Investment Management (MGIM) has appointed MDOTM Ltd., the global provider of AI-driven investment solutions, “as a strategic partner to help it develop AI driven investment insights and triggers that can be integrated into and enhance MGIM’s well established outcomes-based investment process.” The focus… Read More

November 3, 2022 @ 9:32 am By Omar Faridi  |  

Zest AI, which claims to be the leader in automating underwriting with more accurate and inclusive lending insights powered by AI, announced that the company has “raised over $50 million in a new growth round.” The investment round was “co-led by existing global software investor… Read More