Tagged: machine learning

Financial Giant HSBC Voted Leading Trade Finance Bank in Bahrain in EuroMoney’s 2020 Survey

HSBC, a British multinational investment bank and financial services holding company with over $2.5 trillion in total assets, has reportedly been voted as the leading trade finance bank in the Middle Eastern country of Bahrain in the Euromoney trade finance survey for 2020. This is… Read More

Alex Wang: Ember Fund CEO Explains how his Company Intends to Make Cryptocurrency Investment Opportunities More Accessible

Ember Fund is a company that aims to fundamentally change the way people make investments in digital assets. The firm has created a technology solution that allows people to easily buy into a managed portfolio of digital currencies. The Ember Fund team intends to bring… Read More

Insurtech: Boston-based Corvus Insurance Secures $31 Million According to SEC Filing

Boston-headquartered Corvus Insurance, a company that offers artificial intelligence (AI)-enhanced cyber insurance policies for firms, has sold shares worth around $31 million in a $33 million investment round, a US Securities and Exchange (SEC) filing confirmed. Corvus Insurance, which is notably one of BostInno’s 50… Read More

IBM Teams Up with Argentine Chamber of Fintech to Support Digital Transformation Efforts in Country’s Banking Sector

New York-based tech giant IBM and the Argentine Chamber of Fintech have entered an agreement to support various innovative projects and digital transformation initiatives in Argentina’s financial technology and banking sector. IBM will reportedly support the chamber in developing activities to promote Fintech-related projects such… Read More

Financial Crime Management Solutions Provider Quinte Financial Technologies Rebrands to Reflect Industry Trends

Quinte Financial Technologies Inc. (previously known as Quatrro Processing Services), a leading provider of several financial crime management solutions, revealed on December 18 that it has rebranded under the “Quinte” name. Company chairman Venu Gopal noted that the firm’s name change to Quinte from QPS… Read More

Insurtech: Gurugram, India-based Insurance Technology Firm Toffee Insurance Secures $5.5 Million via Series A Round

Gurugram, India-based insurance technology (Insurtech) firm Toffee Insurance revealed on December 17 that it had secured $5.5 million via a Series A investment round led by IVM Intersurer, Omidyar Network, Flourish Ventures, Accion Venture Lab and Kalaari Capital. Toffee says it will use the capital… Read More

Insurtech: Australia-based Coverhero Introduces Hustle Cover, an Income Protection Insurance Product for Gig Economy Workers

Coverhero, an Australia-based insurance technology (Insurtech) provider, revealed on December 17 that the launch of its first product, Hustle Cover, an “instant” and customizable income protection insurance product developed specifically for gig economy professionals. There are reportedly over 1.5 million Australian residents that are now… Read More

Jack O’Holleran: CEO and Co-founder at SKALE Labs, Reveals How his Company is Developing Scalability Solutions for Decentralized Applications

Jack O’Holleran, CEO and co-founder at SKALE Labs, a company that’s developing solutions to improve blockchain consensus mechanisms, recently shared his views and insights with Crowdfund Insider. According to SKALE’s management, decentralized platforms must have greater throughput and lower transaction costs to satisfy the requirements… Read More

JP Morgan Invests Undisclosed Amount in Limeglass, an Artificial Intelligence and Machine Learning Research Analysis Firm

JP Morgan, the world’s sixth-largest bank, has reportedly acquired an undisclosed stake in Limeglass, the developer of a set of tools that eliminate information overload in order to help people focus on the “relevant paragraphs” of their financial market research. As one of JP Morgan’s… Read More

Turing Intelligence Technology Raises Over £1 Million for Expanding Company’s “Optimization Automation” Suite

Turing Intelligence Technology (TurinTech.ai), a research and innovation-driven artificial intelligence (AI) firm that focuses on automatic optimizations, has raised over £1 million through a seed funding round. Currently based in Cambridge, TurinTech.ai was established by four researchers at University College London (UCL). A resident at… Read More

Russia’s Largest Bank Sberbank and Microsoft to Use Artificial Intelligence for Robotic Cash Handling

Sberbank Rossii PAO (MCX:SBER) and Microsoft Research (MSR) announced a joint initiative to explore the use of Microsoft’s artificial intelligence (AI) solutions in robotics. The project involves training robots to interact with real-world objects in the same way that humans do. Researchers at Sberbank will… Read More

Bank of England Reports that Machine Learning Methods in Financial Services Could Enhance Business Processes

A report from the Bank of England (BoE) notes that the application of machine learning (ML) methods in the financial services sector could enhance routine business processes.  Improved software and hardware and increasing volumes of data have enhanced the pace of ongoing ML development, BoE’s… Read More

Palo Alto-based AI Firm Vianai Raises $50M In Seed Round, Plans to Transform Machine Learning Industry

Palo Alto-based artificial intelligence (AI) firm Vianai has raised $50 million through its seed round. Launched by former SAP executive Vishal Sikka, Vianai aims to transform the current machine learning (ML) industry. The company was introduced at the Oracle Open World, where Sikka was one… Read More

RealtyMogul Sells Machine Learning & Artificial Intelligence Loan Underwriting Tool to Hunt Real Estate Capital

Real estate crowdfunding platform RealtyMogul announced on Monday it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital. According to RealtyMogul, Hunt Real Estate Capital plans to deploy the tool across its commercial real estate lending business. While sharing details… Read More

20/20 Gene Systems Biotech SeedInvest/Crowdcube Campaign Now 1090%+ Overfunding

Machine learning, algorithms, early cancer detection, successful intervention? 20/20 GeneSystems, a digital diagnostics company with the core mission of reducing cancer mortality in the U.S. and around the world through early detection, sells what it believes to be the first multi-cancer blood test powered by real-world… Read More

Dear Bankers, Make Room for Artificial Intelligence in the Future

Technology has infiltrated our lives, and the wave of digital disruption has impacted various industries. The finance sector is no exception. Since the industry is becoming more complex, relying on traditional methods is no longer enough. In fact, it can do your business more harm… Read More

How Banks Can Utilize Machine Learning

Last week, Accenture Consulting published a presentation on how banks can utilize machine learning to draw quicker insights from their data. Machine learning is the specific application of artificial intelligence (AI)  in which computers can learn without being explicitly programmed to do so. How Does it… Read More

Onfido News: Now Offers 2 Billion Unbanked Individuals Worldwide with Machine Learning-Based Solution

Onfido, a global identity verification company, announced this week it is helping to bring financial services to the 2 billion unbanked individuals worldwide with its Machine Learning-based solution. The company stated it plans to use its proprietary technology to verify people’s identification by comparing an identity document… Read More

BondIT & Wind Info Partner on AI, Machine Learning & Wealth Management

BondIT  has received a strategic investment from China based Wind Information. According to BondIT, the two companies have partnered to bring artificial intelligence and machine learning techniques to wealth management. Specific terms of the deal were not revealed. The two companies intend to start in mature… Read More

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