Tagged: machine learning

December 26, 2022 @ 10:37 am By Omar Faridi  |  

83% of firms will increase spending “on operational excellence initiatives in 2023,” according to an update from Verdantix. AI [artificial intelligence] and machine learning are “increasingly being used by industrial firms to maximise data utility.” The report from Verdantix also mentioned that “the global skills… Read More

December 8, 2022 @ 8:11 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announced a multi-year innovation partnership with NVIDIA in order “to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector.” Combining Deutsche Bank’s financial industry expertise with NVIDIA’s leadership in AI and accelerated computing “will… Read More

November 24, 2022 @ 9:35 am By Omar Faridi  |  

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

November 21, 2022 @ 9:38 pm By Omar Faridi  |  

Aunalytics, a data management and analytics company delivering Insights-as-a-Service for mid-market businesses, announced it has initiated Enterprise Analytics, a managed service comprised of experts in data analytics, data engineering, artificial intelligence (AI) and machine learning. The new solution “couples the tools and technology required to… Read More

November 14, 2022 @ 11:25 pm By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime risk detection, announces a training program “designed to help compliance teams navigate potential threats when onboarding customers.” Financial institutions must legally “vet new clients for money laundering, terrorist financing, sanctions evasion, and corruption before providing access… Read More

November 11, 2022 @ 4:27 pm By Omar Faridi  |  

TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions to improve consumer experience, announced it “joined the Visa Fintech Partner Connect program.” Through Visa Fintech Partner Connect, TrueAccord “is Visa Ready certified.” This certification helps technology companies “build and launch payment solutions… Read More

November 2, 2022 @ 12:27 pm By Omar Faridi  |  

TIFIN, the Fintech platform known for its highly engaging products fueled by advanced data science and machine learning, has launched what it claims to be  “a first-of-its-kind platform for client personalization.” The platform “to facilitate modern personalization will be offered by its TIFIN Wealth division… Read More

October 29, 2022 @ 2:58 pm By Omar Faridi  |  

Pi, a fraud risk management (FRM) platform founded by Paytm Labs designed to address high-volume applications for fintechs using machine learning (ML), has published a new report on “the impact of fraud on consumer confidence.” The research report, titled “Fraud vs. Friction: How the need… Read More

October 12, 2022 @ 9:01 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, which claims to be one of the financial industry’s leading sources of AI-driven financial crime risk data and detection technology, announced “the general availability of their solution for fighting financial crime across… Read More

October 12, 2022 @ 2:32 pm By Omar Faridi  |  

One True Holding Company d/b/a/ TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication including in the debt collection space, recently announced it has “acquired the debt collection business of Enhanced Recovery Company, LLC (ERC), a collections provider.” The… Read More

October 11, 2022 @ 12:17 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security recently announced that it has developed a new Crypto Threat Detection System (CTDS) that handles Suspicious Transaction Reporting (STR) and Counterfeit Currency Reporting… Read More

October 6, 2022 @ 4:05 pm By Omar Faridi  |  

During the pandemic, online grocery orders “rose by more than 50% and are expected to rise further this year,” according to McKinsey research. More than ever, people “make day-to-day purchases online, choosing quick commerce merchants that offer speed and convenience.” As people open new accounts… Read More

September 19, 2022 @ 10:21 pm By JD Alois  |  

Machine learning (ML) startup TrueFoundry has raised USD$ 2.3 million in Seed funding led by Sequoia India, and SE Asia’s Surge with the participation of AngelList co-founder Naval Ravikant and Eniac Ventures. Other angel investors include Deutsche Bank Global CIO Dilip Khandelwal, Head of GitHub… Read More

September 13, 2022 @ 8:00 am By Omar Faridi  |  

Fetch-ai Network has reportedly on-boarded 40,000 unique users and claims that it’s rapidly scaling its network usage. Fetch-ai Network’s announcement “comes on the heels of its $150 Million Development fund with MEXC Global and ByBit.” Fetch-ai Network’s unique technology called Autonomous Economic Agents (AEA) which… Read More

September 8, 2022 @ 7:48 am By Omar Faridi  |  

Venture capital (VC) funding slid more deeply in AI & ML than in software overall in Q2, “falling 27.8% quarter-over-quarter (QoQ) compared to 21.6% for IT more generally.” according to an update from Pitchbook. Both deal value and deal count “fell to their lowest levels… Read More

August 23, 2022 @ 8:17 am By Omar Faridi  |  

Truist Financial Corporation (NYSE: TFC) announced that it has acquired key strategic assets from Zaloni, a key player in data technology solution delivery. Through this agreement, Truist will “acquire the Zaloni Arena platform to accelerate its data governance, metadata management, advanced analytics, and artificial intelligence… Read More

August 17, 2022 @ 9:37 am By Omar Faridi  |  

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should… Read More

July 21, 2022 @ 8:59 pm By Omar Faridi  |  

As part of SubQuery’s initiative to support all native layers of the Cosmos ecosystem, SubQuery is pleased to announce support for Fetch-ai Network (an interchain protocol, based on the Cosmos-SDK). Fetch-ai network is “building an open access, tokenized, decentralized machine learning network to enable smart infrastructure… Read More

July 18, 2022 @ 10:40 pm By Omar Faridi  |  

TrueAccord Corp, a debt collection company using machine learning-powered digital recovery solutions, recently announced that it has served over 20 million customers in debt with “a digital-first experience.” TrueAccord’s customer-centric approach and commitment to creating a positive consumer experience is “reflected in its 4.7 Google… Read More

July 12, 2022 @ 8:13 am By Omar Faridi  |  

DeepNFTValue, a machine learning company that uses deep neural networks to price non-fungible tokens (NFTs) and other NFT assets, has announced a $4 million raise led by Rockaway Blockchain Fund, a venture capital firm backing “leading” Web3 founders. The investment round also included contributions from… Read More