Artificial Intelligence

May 20, 2021 @ 11:15 am By Omar Faridi  |  

Israel-based ThetaRay, a Fintech firm that enables banking institutions to monitor payment activity in order to identify potential money laundering risks, has secured $31 million in capital via a new funding round. New ThetaRay investors reportedly include Eric Benhamou, investing via Benhamou Global Ventures, and… Read More

May 20, 2021 @ 7:20 am By Omar Faridi  |  

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

May 19, 2021 @ 12:38 pm By Omar Faridi  |  

Vise, an AI-enhanced investment management platform, has secured $65 million in capital through a Series C round that was led by Ribbit Capital and also saw participation from  Sequoia Capital. Established in 2016, Vise leverages artificial intelligence to assist financial advisors in preparing highly personalized… Read More

May 17, 2021 @ 2:21 pm By JD Alois  |  

As was reported last March, five federal regulatory agencies joined in a consultation pertaining to the usage of artificial intelligence (AI) and machine learning (ML) within financial institutions. The Federal Reserve Board, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), and… Read More

May 12, 2021 @ 12:57 pm By Samantha Hurst  |  

  Stampli, an U.S.-based fintech that is focused on AI-driven AP automation, announced on Wednesday it raised $50 million through its Series C funding round, which was led by Insight Partners with participation from SignalFire and Nextworld Capital. The latest investment round brings Stampli’s total funding to more than… Read More

May 11, 2021 @ 12:17 am By Omar Faridi  |  

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

May 8, 2021 @ 3:27 pm By Omar Faridi  |  

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

May 1, 2021 @ 10:37 pm By Omar Faridi  |  

  The developers at Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, have revealed that Compute-to-Data has landed in the Ocean Market. According to the Ocean Protocol team, Compute-to-Data “enables buying… Read More

April 27, 2021 @ 2:20 pm By Samantha Hurst  |  

  Arturo, a U.S.-based AI-powered platform that derives property insights and predictive analytics from aerial and satellite imagery, announced on Tuesday it secured $25 million through its Series B funding round, which was led by Atlantic Bridge Capital with participation from RPS Ventures and existing… Read More

April 27, 2021 @ 9:08 am By JD Alois  |  

Artificial intelligence (AI) firm iKVA, founded at the University of Cambridge, has raised £1.5 million in seed funding to help roll out their technology. The new funding is in addition to pre-seed funding of £175,000 raised in 2018. The funding has been secured from  Cambridge… Read More

April 26, 2021 @ 10:03 pm By Omar Faridi  |  

Compliance tech and data analytics provider SteelEye plans to address market abuse and communications monitoring with lexicon technology. The new tech can reportedly monitor over 6x as many search terms as a typical lexicon. SteelEye’s product has been developed in a manner that adheres to… Read More

April 23, 2021 @ 8:04 am By Omar Faridi  |  

UK-based Fintech company Fintern has secured £32 million in funding in order to expand access to affordable loans in the United Kingdom. On the back of their official launch last month, the London-headquartered startup has confirmed that it raised £32 million in equity and debt… Read More

April 21, 2021 @ 4:23 pm By JD Alois  |  

Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee, has announced the reauthorization of the Financial Technology [Fintech] and Artificial Intelligence [AI] Task Forces for the 117th Congress.  These two Task Forces are relatively new having emerged in the 116th Congress in 2019. The… Read More

April 21, 2021 @ 11:36 am By JD Alois  |  

Today, the European Commission proposed new rules and actions as part of an effort to turn the European Union into a global hub for Artificial Intelligence (AI). The “first-ever” legal framework is designed to ensure trust and safety while fostering AI innovation. In a speech… Read More

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

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

April 17, 2021 @ 5:17 pm By Omar Faridi  |  

The team at Riskified, provider of an “all-in-one” e-commerce fraud prevention solution and chargeback protection service for “high volume and enterprise merchants,” notes that digital commerce businesses spend most of their budget on “customer acquisition, focusing on getting consumers to hit the ‘buy’ button.” While… Read More

April 16, 2021 @ 8:24 am By Omar Faridi  |  

Dr. Joshua Ellul, Chairman of Malta Digital Innovation Authority; Expert Evaluator at European Commission; Director of Centre for DLT at University of Malta, has shared a preprint for a paper that his team plans to present in June 2021 on a “pragmatic” approach to the… Read More

April 16, 2021 @ 12:37 am By Omar Faridi  |  

Ten of the United Kingdom’s leading Fintech companies are now working with Big Four auditing firm PwC in order to showcase how the future of banking will focus on both collaboration and innovation, along with greater personalization. After 3 years of ongoing development, the 10… Read More

April 15, 2021 @ 10:58 pm By Omar Faridi  |  

B2B healthcare service provider Biddano is planning to streamline offline pharma distribution networks by bridging key supply chain gaps between distributors and chemists. The company leverages the latest technology to develop its platform and is currently looking to expand its network to 25 cities across… Read More

April 13, 2021 @ 11:15 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, revealed on April 13, 2021, that BlueShore Financial, a boutique “full-service” financial institution, is “digitally transforming” its operations along with Temenos. As mentioned in a release, BlueShore is powered by Temenos Infinity, the omnichannel digital banking solution.  BlueShore… Read More