Tagged: artificial intelligence

December 4, 2020 @ 11:54 am By Omar Faridi  |  

US-based digital asset exchange Coinbase has revealed that it’s focused on building “state-of-the-art” machine learning (ML) technology with “efficient” execution for the crypto and blockchain-focused economy. Catalin Tiseanu, an engineer working at Coinbase, writes in a blog post that the digital assets firm leverages machine… Read More

November 24, 2020 @ 9:47 am By Samantha Hurst  |  

  China-based AI-powered platform for business IceKredit announced on Tuesday it secured $33 million through its Series C funding round, which was led by Guoxin Venture Investment with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. Founded in 2015, IceKredit describes itself as an… Read More

November 23, 2020 @ 2:28 pm By Samantha Hurst  |  

FinChatBot, a creator of conversational AI solutions for the financial services industry, recently annonced it attracted £1.2 million from Saviu Ventures,  Compass Venture Capital, and Kalon Venture Partners. FinChatBot reported that both Compass Venture Capital and Kalon Venture Partners are solidifying their positions, having previously… Read More

November 23, 2020 @ 11:15 am By Samantha Hurst  |  

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

November 20, 2020 @ 3:24 pm By Samantha Hurst  |  

Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More

November 20, 2020 @ 9:58 am By Samantha Hurst  |  

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More

November 18, 2020 @ 7:44 am By Omar Faridi  |  

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

November 13, 2020 @ 5:27 pm By Omar Faridi  |  

Portugal-based VC firm Faber has revealed that it has closed a €20.5 million round for Faber Tech II, which is a fund that will primarily focus on supporting early-stage initiatives. Faber plans to commit €30 million to the fund that will offer assistance to startups… Read More

November 13, 2020 @ 1:02 am By Omar Faridi  |  

  We recently connected with Prashant Fuloria, CEO at Fundbox,  an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More

November 11, 2020 @ 10:50 am 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 launched a new AI-powered due diligence report, known as Snapshot, to help businesses stay on top of the risks associated… Read More

November 10, 2020 @ 10:37 pm By Omar Faridi  |  

The Bank of Montreal (TSE: BMO), a Canadian multinational investment bank and financial services firm, has reportedly introduced an AI-enhanced feature for its personal financial management (PFM) platform that helps clients with identifying potential cash shortfalls. According to a release, BMO’s CashTrack Insight feature uses… Read More

November 9, 2020 @ 2:41 pm By Samantha Hurst  |  

  Mind Foundry, an Artificial Intelligence (AI) company that spun out of the University of Oxford’s Machine Learning Research Group (MLRG), announced on Monday it raised $13.6 million through its Series A funding round, which was led by  Aioi Nissay Dowa Insurance Co., Ltd. (ANDI) of the MS&AD… Read More

November 4, 2020 @ 10:40 am By Omar Faridi  |  

There’s been a significant increase in demand for technical workers with data, advanced analytics, and AI skills in the modern banking sector. However, there aren’t enough qualified data and AI professionals to meet the requirements of major organizations across the globe. This major talent gap… Read More

October 31, 2020 @ 11:51 am By Omar Faridi  |  

Although manufacturing and tech firms have made substantial investments in AI (artificial intelligence), the results have been “mixed,” according to a recent report from Lux Research. The report notes that companies have been “hampered” because they’ve been using traditional or outdated processes to manage AI… Read More

October 31, 2020 @ 11:45 am By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard (NYSE:MC), confirms that the payments giant is using artificial intelligence (AI) as “the first line of defense” to help the service provider detect cyberattacks, hacks and other types of security breaches. Last year, Mastercard reportedly saved its stakeholders… Read More

October 30, 2020 @ 10:24 pm By Samantha Hurst  |  

  Skan, the AI-enabled process discovery and operational intelligence, recently announced it secured $14 million through its Series A funding round, which was led by Cathay Innovation with participation from Citi Ventures, Zetta Ventures, Bloomberg Beta, Plug and Play Ventures, and Firebolt Ventures. Founded in 2018, Skan uses cognitive… Read More

October 27, 2020 @ 8:25 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Tuesday its new artificial intelligence (AI)-driven digital trading platform, LTX, has been integrated with the Charles River Investment Management Solution (Charles River IMS. According to Broadridge, the integration is part of a strategy to improve efficiency in the corporate… Read More

October 25, 2020 @ 2:57 pm By Omar Faridi  |  

Adena Friedman, President and CEO of Nasdaq, the world’s second-largest stock exchange with a market cap of over $17 trillion, says that emerging technologies (Emtech) continue to “drive the evolution” of capital markets.  As covered, Friedman believes that Cloud technologies will transform financial services and… Read More

October 22, 2020 @ 11:32 pm By Omar Faridi  |  

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

October 22, 2020 @ 10:28 pm By Omar Faridi  |  

Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. The Kyber Network… Read More