Tagged: artificial intelligence

June 3, 2021 @ 7:36 am By Omar Faridi  |  

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

June 2, 2021 @ 2:43 am By Omar Faridi  |  

Fraudio, a startup founded by experts from the Dutch payment ecosystem, has reportedly secured  $3.3 million in capital via a seed round. The Fraudio team claims that they’ve spent two years developing a Cloud native, centralized AI and machine learning payment fraud detection solution for… Read More

June 1, 2021 @ 10:26 pm By Omar Faridi  |  

Hong Kong-based insurance firm YF Life has partnered with HKBN Enterprise Solutions (HKBNES) in order to offer a Google Cloud-enabled Cantonese voice chatbot. The chatbot will be supporting insurance services and is expected to be introduced in early 2022. The chatbot uses Google Cloud‘s AI… Read More

June 1, 2021 @ 4:12 pm By Omar Faridi  |  

BondIT, an established provider of asset and wealth management tech, has hired Dr. David Curtis as its Partner and Head of Global Client Business. In his new role, Curtis will be expected to lead BondIT’s business expansion internationally in order to meet the rising demand… Read More

May 20, 2021 @ 11:15 am By Omar Faridi  |  

Israel-based ThetaRay, a Fintech firm that enables banking institutions to monitor payment activity in order to identify potential money laundering risks, has secured $31 million in capital via a new funding round. New ThetaRay investors reportedly include Eric Benhamou, investing via Benhamou Global Ventures, and… Read More

May 20, 2021 @ 7:20 am By Omar Faridi  |  

ComplyAdvantage, an AI-enhanced financial crime detection firm, has  extended its Series C funding round to $70 million, with an additional $20 million from Goldman Sachs. ComplyAdvantage‘s  investment has reportedly come on top of the firm’s oversubscribed Series C round that was announced in July of… Read More

May 19, 2021 @ 12:38 pm By Omar Faridi  |  

Vise, an AI-enhanced investment management platform, has secured $65 million in capital through a Series C round that was led by Ribbit Capital and also saw participation from  Sequoia Capital. Established in 2016, Vise leverages artificial intelligence to assist financial advisors in preparing highly personalized… Read More

May 13, 2021 @ 9:05 pm By Omar Faridi  |  

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook,… Read More

May 13, 2021 @ 8:22 am By Samantha Hurst  |  

  Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Thursday it has opened a new office in Bulgaria. The company also revealed it is growing its in-home insurance agency. Founded in 2013, Insurify stated its mission is to fix the broken… Read More

May 12, 2021 @ 11:17 pm By Omar Faridi  |  

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

May 12, 2021 @ 12:57 pm By Samantha Hurst  |  

  Stampli, an U.S.-based fintech that is focused on AI-driven AP automation, announced on Wednesday it raised $50 million through its Series C funding round, which was led by Insight Partners with participation from SignalFire and Nextworld Capital. The latest investment round brings Stampli’s total funding to more than… Read More

May 11, 2021 @ 11:07 pm By Omar Faridi  |  

Alternative Investment Exchange (AIX), the platform that aims to  make it easier to purchase, own, and sell alternative investments, has revealed that Inland Real Estate Investment Corporation chose the AIX platform as one of its electronic platform providers in order to onboard new funds and… Read More

May 8, 2021 @ 3:27 pm By Omar Faridi  |  

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

May 4, 2021 @ 1:56 pm By Samantha Hurst  |  

  Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Tuesday it has joined forces with FinTech Studios, AI-based news, market intelligence, and analytics provider, to provide industry, local and regional news,… Read More

May 1, 2021 @ 10:37 pm By Omar Faridi  |  

  The developers at Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have revealed that Compute-to-Data has landed in the Ocean Market. According to the Ocean Protocol team, Compute-to-Data “enables buying… Read More

April 27, 2021 @ 2:20 pm By Samantha Hurst  |  

  Arturo, a U.S.-based AI-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, announced on Tuesday it secured $25 million through its Series B funding round, which was led by Atlantic Bridge Capital with participation from RPS Ventures and existing… Read More

April 26, 2021 @ 10:03 pm By Omar Faridi  |  

Compliance tech and data analytics provider SteelEye plans to address market abuse and communications monitoring with lexicon technology. The new tech can reportedly monitor over 6x as many search terms as a typical lexicon. SteelEye’s product has been developed in a manner that adheres to… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

April 16, 2021 @ 8:24 am By Omar Faridi  |  

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at European Commission; Director of Centre for DLT at University of Malta, has shared a preprint for a paper that his team plans to present in June 2021 on a “pragmatic” approach to the… Read More