Tagged: artificial intelligence

June 6, 2020 @ 11:12 am By Omar Faridi  |  

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, is reportedly using Natural Language Generation (NLG) to prepare concise, one-page executive summaries for its custody customers. BNP Paribas explained that NLG helps it convert… Read More

June 2, 2020 @ 7:47 am By Omar Faridi  |  

UK-based Longevity Card, a Fintech company that aims to introduce a new and better way to help users manage their finances while leading a healthy lifestyle via an easy-to-use app, recently revealed that it has received private investments from a Switzerland-based branch of Deep Knowledge… Read More

June 1, 2020 @ 4:29 pm By Samantha Hurst  |  

HSBC recently announced it has teamed up with Equbot and IBM Watson to launch the artificial intelligence (AI)-Powered US Equity Index (AiPEX) family. The financial giant claims that the index is a market’s first in using AI as a method for equity investing. According to… Read More

May 29, 2020 @ 8:56 am By Samantha Hurst  |  

Accern, a U.S.-based artificial Intelligence (AI) start-up, announced on Thursday it secured $13 million through its Series A funding round, which was led by Fusion Fund with participation from Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and Viaduct Ventures. Founded in 2014, Accern explained… Read More

May 25, 2020 @ 12:59 am By Omar Faridi  |  

iCONECT CA Inc., a privately-held firm focused on legal technology (Legaltech) and eDiscovery, has teamed up with Big Four auditing firm PwC’s Canada division. PricewaterhouseCoopers has chosen the iCONECT document eDiscovery platform, in order to improve its ability to take care of legal, privacy, regulatory,… Read More

May 24, 2020 @ 1:16 am By Omar Faridi  |  

  Israel-based ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has launched FastStart, a product that aims to address the requirements of financial institutions during the COVID-19 crisis. As noted on ThetaRay’s official website: “Since the pandemic began, banks have seen… Read More

May 23, 2020 @ 9:13 pm By Omar Faridi  |  

  The Suseong University in South Korea will be working with the Korea Artificial Intelligence Association (KORAIA), in order to establish a blockchain or distributed ledger technology (DLT) and AI-focused campus in Daegu, a city located in the country’s North Gyeongsang province. Local media outlet… Read More

May 22, 2020 @ 3:36 pm By Samantha Hurst  |  

Digital brokerage solution provider DriveWealth announced on Thursday it is joining forces with INDmoney, an artificial intelligence (AI) and machine-learning-based wealth management platform in India, to bring U.S. stock investing technology and capability to INDmoney clients. DriveWealth reported that the collaboration with INDmoney is the latest… Read More

May 20, 2020 @ 11:13 pm By Omar Faridi  |  

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

May 18, 2020 @ 10:12 pm By Omar Faridi  |  

Digital banking services are increasingly being adopted in the Asia Pacific (APAC) region. The use of all-digital banks and platforms is expected to increase further in the coming years. This, as 63% of consumers responding to a recent survey said they’d be willing to switch… Read More

May 17, 2020 @ 10:02 pm By Samantha Hurst  |  

Commerce.AI, a U.S. artificial intelligence (AI) powered system, has secured more than $1 million through its Regulation Crowdfunding (Reg CF) campaign on StartEngine. Founded in 2016, Commerce.AI is on a mission to harness the power of artificial intelligence to change the way commerce is done…. Read More

May 15, 2020 @ 6:15 pm By Omar Faridi  |  

AI Fintech LoanSnap has secured $10 million in capital from Accelerator Ventures, Morado Ventures, MANTIS, True Ventures, and Work Play Ventures. MANTIS is notably a technology investment company established by Grammy award-winning band, The Chainsmokers. Existing investors Baseline, Liquid21, OVO, Virgin, and Thomvest also took… Read More

May 15, 2020 @ 4:56 pm By Omar Faridi  |  

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

May 15, 2020 @ 8:33 am By Samantha Hurst  |  

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

May 14, 2020 @ 11:35 am By Samantha Hurst  |  

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

May 13, 2020 @ 11:16 am By Omar Faridi  |  

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

May 10, 2020 @ 10:41 pm By Samantha Hurst  |  

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

May 8, 2020 @ 2:01 pm By Samantha Hurst  |  

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

May 8, 2020 @ 7:48 am By Omar Faridi  |  

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

May 6, 2020 @ 5:27 pm By Samantha Hurst  |  

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