Tagged: machine learning

AI and Machine Learning Network Fetch.ai to Connect Autonomous Economic Agents to IOTA Network’s Data Sources

AI and machine learning network Fetch.ai will be working with IOTA, in order to connect Autonomous Economic Agents to IOTA network’s rich data sources. As mentioned in a blog post by Fetch.ai, dated June 10, 2021, for the first time ever, this draws “a clear,… Read More

Supply Chain Fintech Stemly, Incubated by ING Labs, Now Operating Independently with $2.5M Investment

Stemly, a supply chain inventory management and finance firm that was incubated by ING Labs in Singapore, has decided to now operate as a separate, independent initiative. VC fund Elev8, ING Ventures and EDB New Ventures, the corporate venture building division of EDB, along with… Read More

Dutch Startup Sentinels, Developer of AI based Transaction Monitoring Service, Secures €5.7M via Seed Round

Sentinels, the Dutch company behind an AI-enhanced transaction monitoring system, has secured €5.7 million through a seed funding round. As explained on the company’s website: “Sentinels optimizes your existing anti-money laundering and transaction monitoring processes at the root by generating real-time actionable client insights. Your… Read More

Fraudio, a Cloud Native, AI enabled Payment Fraud Detection Solution, Secures $3.3M via Seed Round

Fraudio, a startup founded by experts from the Dutch payment ecosystem, has reportedly secured  $3.3 million in capital via a seed round. The Fraudio team claims that they’ve spent two years developing a Cloud native, centralized AI and machine learning payment fraud detection solution for… Read More

Fintech TrueAccord Reveals that CEO Ohad Samet Joins California Dept of Financial Protection and Innovation

TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health,” recently revealed that Ohad Samet, CEO and Co-founder of TrueAccord Group, has been named to the inaugural debt collection advisory committee of the California Department of Financial Protection and Innovation… Read More

Wealth Management Tech Provider BondIT Hires Dr. David Curtis as Partner and Head of Global Client Business

BondIT, an established provider of asset and wealth management tech, has hired Dr. David Curtis as its Partner and Head of Global Client Business. In his new role, Curtis will be expected to lead BondIT’s business expansion internationally in order to meet the rising demand… Read More

London Regtech ComplyAdvantage Receives $20M from Goldman Sachs, Part of its $70M Series C Extension

ComplyAdvantage, an AI-enhanced financial crime detection firm, has  extended its Series C funding round to $70 million, with an additional $20 million from Goldman Sachs. ComplyAdvantage‘s  investment has reportedly come on top of the firm’s oversubscribed Series C round that was announced in July of… Read More

Machine Learning enabled Insig AI, which Serves Asset Managers, Lists on AIM London Stock Exchange

Insig AI, an AI and machine learning firm serving the asset management sector, has officially introduced its services (May 10, 2021), after the company’s listing on the AIM London Stock Exchange. Insig AI is a data science and machine learning (ML) solutions provider that offers… Read More

Bhavik Vasa: CEO at Asian Revenue-based Financing Fintech GetVantage Says Startups Should Focus on Sustainable Growth

We recently caught up with Bhavik Vasa, founder and CEO at GetVantage, which is India and Southeast Asia’s first revenue-based financing Fintech platform. Vasa talked about the different challenges entrepreneurs face as they work on developing new products and services. Vasa explained how GetVantage‘s unique… Read More

European Online Lender October to Issue Instant €15-€30K Loans with New Credit Scoring Model, Kea

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

Digital Commerce Investor Clearbanc Rebrands to Clearco, Company Announces $100M in New Series C Equity Funding

Clearbanc, a leading digital commerce investor and the company “revolutionizing the way founders grow their businesses,” revealed on Tuesday (April 20, 2021) that it will be rebranding. The company also announced a $100 million in new Series C equity funding to support its ongoing growth… Read More

Insurtech: Lemonade, Powered by AI and Behavioral Economics, Is Readying its “Lemonade Car” for Launch Within a Year

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

OCC, CFPB, FDIC, NCUA and Federal Reserve Join in Request for Information on Artificial Intelligence and Usage in Financial Services

In a joint statement today, five federal financial regulatory agencies announced a consultation pertaining to the usage of artificial intelligence (AI) as well as machine learning (ML) within financial institutions. The agencies seek information from the public on how financial institutions use AI in their… Read More

Jeff Keltner from Online Lending Startup Upstart Explains how the Modern Digital Lending Process Works

Online lending platform UpStart (UPST:NASDAQ) has noted that there are four levels of digital lending. Jeff Keltner, SVP of Business Development at UpStart, writes in a blog post that he has been thinking for some time now about the key trends he’s observing towards the… Read More

AI enhanced Fundbox, a Credit Platform for B2B Commerce, Reveals how to Apply for Online Financing without Collateral

The team at Fundbox, an AI-driven credit platform for B2B commerce, recently published a blog post that looks into the possibility of getting a business loan without providing collateral. Fundbox’s blog post notes that when we are planning to expand our business, many of us… Read More

Circular Economy Fintech Diem Secures $5.5M via Seed Round led by Fasanara Capital

UK-based Diem, a startup that aims to combine traditional banking with a service that allows users to sell their unwanted items to the company, has secured $5.5 million in capital via a seed round that was led by Fasanara Capital. Diem provides a user account,… Read More

Digital Banking Challenger 86 400 Receives Awards for Pay and Save Accts, Recently Partnered BioCatch to Enhance Fraud Protection

Digital banking challenger 86 400 reveals that it has received 3 awards from RateCity for its Pay and Save accounts, including the Best Bank Account for the product Pay Account, the Best Regular Savers Account for the product Save Account, and the Best Savings Account… Read More

Bengaluru based Fintech Lending Firm KreditBee Finalizes $75 Million Series C Equity Round

Bengaluru-based Fintech lending firm KreditBee has finalized a $75 million Series C equity round which included participation from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures (consisting of both primary and secondary investment). Madhusudan E, Co-Founder & CEO of KreditBee,… Read More

Abaka, which Improves Financial Wellbeing by Offering AI enhanced Financial Advice, Explains how to Better Understand Customer Behavior

London-based Abaka, which improves financial wellbeing by offering affordable financial advice powered by artificial intelligence (AI), notes that companies across different categories and markets aim to deliver the appropriate messages to their target clients, at the best time, using the most engaging channels. Traditional approaches… Read More

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