Tagged: machine learning

Conversational AI Could Make Financial Info More Accessible, Understandable, Commonwealth Report Reveals

A report from national non-profit Commonwealth notes that “powerful” emerging technologies (Emtech) have the “unprecedented” potential to “shape the future of people’s financial lives, often in ways that will be with us for decades or longer.” According to the Commonweatlh report, Emtech like Big Data-powered… Read More

Debt Collection Fintech TrueAccord Introduces Retain, a Digital-First Solution for Early-Stage Collections

TrueAccord Corporation, which provides intelligent digital recovery and communication products and services, reveals that it has introduced Retain, a new, client-branded product that aims to address early-stage collection challenges for lenders and various other organizations with clients with “past-due delinquent accounts.” Using the firm’s patented,… Read More

Veriff Joins Visa Fintech Partner Connect, Will Offer Automated, AI enhanced ID Verification Solutions

Veriff, an international ID verification solution provider, reveals that it has joined the Visa Fintech Partner Connect program to offer Fintech companies and traditional issuers with an automated, AI-enhanced identity verification solution. By taking part in the program, Veriff will be providing a seamless identity… Read More

Lendio Acquires Laso’s AI enhanced Loan Origination Solution to Provide Underwriting Services for Lending Platforms

Lendio, the leading SME financial solutions marketplace, reveals that it has made an asset purchase of Laso’s Loan Origination Software (LOS) and insights technology, which should help further its goal of supporting SMBs. This should serve as the foundation for a customer-centric product offering for… Read More

Fintech ForwardAI Introduces PreciseMatch, an Intelligent Transaction Mapping Technology

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More

Uppsala Security AML, Regulatory Compliance Product Suite Now Supports Binance Smart Chain (BSC)

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

Databricks, a Data and AI Firm, Finalizes $1.6B Round at $38B Post Money Valuation, to Support Data Lakehouse Adoption

Databricks, the data and AI firm, reveals that it has completed a $1.6 billion round in order to promote the innovation and adoption of the data lakehouse, as the data architecture’s utilization across data-oriented organizations keeps growing rapidly. The Series H investment round in Databricks… Read More

Global Payments Fintech Adyen Introduces Machine Learning enabled Compliance Solution, Score

Adyen (AMS: ADYEN), the international payments platform for leading businesses, has officially launched Score. Adyen claims that it’s the first-to-market with a machine learning powered solution on a single platform for identifying unusual activity and ensuring platform compliance. By utilizing key data insights for analyzing… Read More

Top Asset Manager Priorities Outlined in Temenos Report

Investment in technology and data infrastructure sit at the top of asset managers’ priorities as they position themselves to deliver business growth in the recovery from the COVID-19 pandemic, a new report finds. Most, 56 per cent, say their investment will focus on these areas… Read More

Amazon Web Services Chosen by Sun Life as its Cloud Tech Provider, Aims to Become Cloud First Organization

Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), recently revealed that Sun Life (TSX: SLF) (NYSE: SLF) has chosen AWS as its Cloud tech  provider in order to become a “Cloud-first” organization, supporting ongoing innovation, and develop digital client experiences. Sun Life… Read More

UK Regtech SmartSearch Introduces Service to Address Money Laundering Issues

UK-based anti-money laundering (AML) specialist SmartSearch has introduced a new service in order to address the problem of “dirty” cash being cleaned across the globe via various activities like acquiring property. Organized criminal organizations and fraudsters are responsible for around $2 trillion a year in… Read More

Canadian Travel Tech Firm Hopper Acquires $175M to Boost its Fintech Offerings via the Cloud

Canada’s travel technology firm Hopper recently finalized a $175 million Series G round that was led by New York-based GPI Capital. As noted by its management: “At Hopper, we’re on a mission to build the most customer-centric travel company on earth. We are leveraging the… Read More

Case Study: 35% Better Performance on Accounts Placed with Digital-First Debt Collection Fintech TrueAccord Compared to Traditional Agencies

In 2019, Todd Johnsen, Snap Finance’s senior manager of Collections Vendors, had been tasked with doing something which had never been done at Snap before: implementing a third-party collections program. Johnsen noted that at that time, the only recovery program for charge-off accounts was “a… Read More

Indonesian Tech Giant Bukalapak to Leverage Fraud Prevention Solution from Vesta to Maximize Legit Credit Card Transactions

Vesta, the only “instant, end-to-end” transaction guarantee platform for making online purchases, recently revealed that it has been chosen by Bukalapak, which is one of Indonesia’s biggest tech firms. According to a release, Bukalapak will be leveraging Vesta’s extensive fraud prevention solution “to maximize approvals… Read More

Facteus Joins Snowflake Partner Network to Help Financial Services Providers Safely Migrate Sensitive Data to Snowflake Data Cloud

Facteus, a provider of technology and services to access actionable insights within sensitive data, reveals that it’s now part of the Snowflake Partner Network, mainly focusing on supporting financial services organizations to securely access the scale, speed, and data services (available via the Snowflake Data… Read More

UK’s BT Group Leads $33M Investment in Cyber Risk Management Firm Safe Security

Safe Security, a Palo Alto-headquartered cyber risk management company established in 2012, recently acquired $33 million in capital via a round that was led by BT Group Plc, which is notably one of the United Kingdom’s largest telecommunications and network service providers. Safe Security, with… Read More

Manu Smadja: CEO at MPOWER Financing, a Fintech Firm Facilitating Educational Loans, Shares Business Strategy

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

Mosaic Smart Data, a Real-time Data Analytics Provider for Capital Markets, Partners with Limeglass, a Financial Research Firm

Mosaic Smart Data, the real-time capital markets data analytics firm, and Limeglass, the financial research innovation firm, have teamed up to enable banking platforms to tap into the value that lies within the research reports associated with the transactions their customers have performed. Mosaic and… Read More

Mettalex, a Decentralized Crypto and Commodities Derivatives Exchange, Launches DEX Yield Farming

Mettalex, a decentralized cryptocurrency and traditional commodities derivatives trading platform that is powered by Fetch.ai, reveals that it has launched DEX Yield Farming for commodities, adding new markets to the decentralized finance (DeFi) ecosystem. Liquidity providers are now able to generate a “highly-competitive” yield by… Read More

Regtech Suade Labs Adds Mansfield Building Society to its Client Portfolio, Company to Use Suade’s Reporting Tools

Regtech company Suade Labs, which aims to close the regulatory gap with modern technology, has reportedly added Mansfield Building Society to its client portfolio. Mansfield Building Society will be using the full-service offering provided by Suade Labs’ Regtech (regulatory technology) to address it reporting requirements…. Read More

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