Tagged: machine learning

Insurtech Akur8 Selected By LB Forsikring to Strengthen its Competitiveness

‍Akur8, the insurance pricing solution powered by transparent machine learning, is please to announce that LB Forsikring, a Danish P&C insurance company, has selected Akur8’s Core Platform solution to increase their competitiveness. This collaboration will allow LB Forsikring to quickly “adapt their pricing to dynamic… Read More

AI Development Platform Landscape has Reportedly Transfomred How Industry Participants Assess ROI, Use-Cases

The team at CBInsights has shared key industry insights in an update, entitled Enterprise AI Roadmap: How the AI development platform landscape has transformed, changing how buyers assess ROI, use cases. The researchers reportedly mined CB Insights data and spoke “with 50+ buyers of AI… Read More

TrueAccord Machine Learning Engine Reaches out to Consumers for Repayments By Considering Trends in Sentiment, Spending Habits

TrueAccord’s machine learning engine, HeartBeat, ​​reportedly reaches out to every account placed with a goal of getting them to repay on their own terms when they are ready, versus the one-size-fits all communication “that ignores trends in sentiment and spending habits.” Powered by a combination… Read More

VC Activity Focused on AI and Machine Learning Remains Steady During Downturn – Report

VC activity has remained consistent throughout the VC downturn since Q3 2022, “leaving aside the tech giant megadeals that commit upfront funds for future cloud purchases,” according to an update from PitchBook. PitchBook notes in a report that they have “tracked $22.3 billion invested in… Read More

TransUnion Technology Transformation Enhanced with OneTru, a an AI-enabled Data Tool

TransUnion (NYSE: TRU) technology transformation is reportedly set to reache its next phase with the introduction of OneTru, a platform that is said to be built for AI-powered data collaboration. The OneTru solution enablement platform reportedly capitalizes on “the company’s authoritative data assets, cloud-enabled infrastructure… Read More

DataVisor Launches Fraud, Compliance Solution

DataVisor, an AI-powered fraud and risk platform, this week announced the launch of a solution designed to detect fraud and financial crimes more effectively while upholding sponsor bank compliance in the face of evolving regulations for Banking-as-a-Service (BaaS) offerings. The solution for sponsor banks replaces… Read More

Insurtech Akur8 Core Platform Selected by Georgia Farm Bureau Mutual Insurance Company

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that Georgia Farm Bureau Mutual Insurance Company, a company offering coverage for farm insurance in addition to virtually every line of insurance in the state of Georgia, has selected Akur8’s Core… Read More

Justin Wickett, CEO of InformedIQ Explains How AI and Machine Learning Are Transforming the Way Auto Lenders Use OCR Tech

Lenders are increasingly frustrated with OCR (optical character recognition) solutions that are designed to read data off paystubs, but they’re only pulling text from the documents. They also aren’t an end-to-end solution helping lenders comply with ECOA and Fair Lending. Many OCR tools also focus… Read More

Insurtech Akur8 Selected by Spanish Insurer MAPFRE to Enhance Pricing Capabilities

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce that MAPFRE, the 9th largest insurance company in Europe and the 17th largest insurer globally according to S&P Global Ratings, has reportedly “selected Akur8’s RISK and RATE modules.” This choice will… Read More

Insurtech Akur8, the Insurance Pricing Solution Powered by Machine Learning, Partners with Quincy Mutual Group

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

APP Scams in the UK Are on the Rise and Financial Institutions Are Under Pressure, Regtech Professional Claims

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More

BIGG Digital Assets to Help with Applying AI Models to Leverage Insights from Data Aggregated on Bitcoin and Ethereum Transactions

BIGG Digital Assets Inc., an innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group and TerraZero is pleased to announce that it has initiated a strategy to source partners to integrate and apply Artificial Intelligence (AI) and Machine Learning (ML) training… Read More

Akur8 Research: Insurers Can Benefit from Reduction in Data Preparation, Data-driven Underwriting

Akur8 released a new research paper for the actuarial community entitled “Derivative Lasso: Credibility-Based Signal Fitting for GLMs.” Developed by a team of actuarial scientists at Akur8, including Mattia Casotto, Head of Product for the U.S. and Principal Scientist, and Thomas Holmes, Chief Actuary for… Read More

Afterpay and Rokt to Offer Consumers Relevant Ecommerce Experiences

Rokt, the ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in “Buy Now, Pay Later” payment. The partnership enables Afterpay to offer its ecommerce shoppers “highly relevant… Read More

Fintech Lendbuzz Raises $345M to Expand its AI-Powered Auto Finance Platform

Lendbuzz, a financial technology company, that uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers announces today that they raised $345 million in a combination of $45 million in equity funding and $300 million in… Read More

HiddenLayer, a Security Provider for AI Models and Assets, Raises $50M Series A

HiddenLayer, the security provider for artificial intelligence (AI) models and assets, has raised $50 million in Series A funding to expand its talent base, increase go-to-market efforts, and further invest in its Machine Learning Security (MLSec) Platform. The investment round marks the largest Series A… Read More

UK’s Digital Bank Zopa Releases Update on Financial Performance

Steve Hulme, CFO at Zopa Bank, has shared an update on their financial performance. Last year was an “exceptionally” strong year for Zopa Bank that reportedly “laid the foundations for their strong profitable growth.” The firm’s management added that as people in the UK continued… Read More

deepset Secures $30M from Balderton Capital to Help Firms Leverage Large Language Models (LLMs)

deepset.ai – the enterprise platform for building applications with LLMs – has raised $30 million in funding led by Balderton Capital. The investment round also included participation from existing investors GV (Google Ventures), and Harpoon Ventures. deepset claims that it “solves one of the biggest… Read More

AI-Focused VC Activity Surged During Q1 based on OpenAI’s Unconventional Corporate Investment from Microsoft: Pitchbook Report

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

Resistant AI Extends Series A to $27.6 M with Funding from Notion Capital to Combat Financial Crime

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

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