Edinburgh Fintech Aveni to Offer CRM, Video Conferencing and Natural Language Processing Tools to Streamline Financial and Professional Services Businesses

June 6, 2020 @ 6:19 pm By Omar Faridi |

Edinburgh-based Fintech Aveni is planning to improve how businesses interact with their clients by automating customer relations management (CRM), fact-checking, risk monitoring and assessment, and adviser prompts. The company has secured £520,000 in seed funding through a round led by the Tricapital angel syndicate. The… Read More

Securities Services Division of BNP Paribas to Use Natural Language Generation to Provide Concise Executive Summaries

June 6, 2020 @ 11:12 am By Omar Faridi |

The Securities Services division of France’s BNP Paribas, the 8th largest bank in the world in terms of total assets, is reportedly using Natural Language Generation (NLG) to prepare concise, one-page executive summaries for its custody customers. BNP Paribas explained that NLG helps it convert… Read More

Insurtech: Sprout.ai, an Insurance Technology Firm that Uses AI and Natural Language Processing, Secures $2.5 Million in Capital

April 19, 2020 @ 5:32 pm By Omar Faridi |

UK-based Sprout.ai, an insurance technology (Insurtech) firm previously called BlockClaim, has secured $2.5 million in capital through its second seed round, which was led by Amadeus Capital Partners. Existing investors Playfair Capital and Techstars also took part in Sprout’s latest investment round. The London-headquartered firm… Read More

ING Invests $5 Million in Eigen Technologies, a Natural Language Processing Solution Provider

March 16, 2020 @ 7:23 am By Omar Faridi |

The ING Group, a Dutch multinational banking and financial services corporation based in Amsterdam with over $1 trillion in assets, has reportedly contributed €4.5 million (appr. $5 million) to a $42 million investment round in Eigen Technologies, a natural language processing (NLP) solution provider. The… Read More

Tim Carmody: CTO at IPC, a Leading Financial Trading and Communications Tech Firm, Explains Role of Natural Language Processing in Finance

February 9, 2020 @ 8:00 pm By Omar Faridi |

We recently caught up with Tim Carmody, Chief Technology Officer of IPC, a global leader in financial trading and communications technology solutions. Carmody, who has several decades of experience in designing and leading complex technology solutions for the trading community, discussed how Wall Street companies… Read More

Yseop Introduces Automated Report Generation Software to Assist Financial Service Providers with Digital Transformation Efforts

February 6, 2020 @ 4:12 pm By Omar Faridi |

Yseop, a 12-year-old France-based software development firm, recently introduced an enterprise-level natural-language generation (NLG) automated report generation solution, called the Augmented Analyst, in order to assist financial service providers with their digital transformation efforts. Yseop has reportedly worked cooperatively with Moody’s, BNP Paribas, and Sanofi… Read More