Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More
Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More
We recently connected with Bruce Pon, Founder of Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data. Pon is also the CEO at BigChainDB, which is an organization that allows app… Read More
Brussels-based KBC Group N.V. (EBR:KBC), a universal multichannel bank-insurer that’s focused on private clients and SMEs in Belgium, Ireland, Central Europe and Southeast Asia, is planning to adopt a digital-first distribution model – which would put a new AI-enabled virtual customer assistant at the center… Read More
We recently caught up with Humayun Sheikh, CEO of Fetch.ai, an organization that’s focused on developing machine learning and AI-enhanced solutions for the emerging decentralized finance (DeFi) sector along with offering services that may be compatible with traditional financial platforms. Sheikh commented on the recent… Read More
Portugal-based VC firm Faber has revealed that it has closed a €20.5 million round for Faber Tech II, which is a fund that will primarily focus on supporting early-stage initiatives. Faber plans to commit €30 million to the fund that will offer assistance to startups… Read More
We recently connected with Prashant Fuloria, CEO at Fundbox, an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More
Mind Foundry, an Artificial Intelligence (AI) company that spun out of the University of Oxford’s Machine Learning Research Group (MLRG), announced on Monday it raised $13.6 million through its Series A funding round, which was led by Aioi Nissay Dowa Insurance Co., Ltd. (ANDI) of the MS&AD… Read More
There’s been a significant increase in demand for technical workers with data, advanced analytics, and AI skills in the modern banking sector. However, there aren’t enough qualified data and AI professionals to meet the requirements of major organizations across the globe. This major talent gap… Read More
Although manufacturing and tech firms have made substantial investments in AI (artificial intelligence), the results have been “mixed,” according to a recent report from Lux Research. The report notes that companies have been “hampered” because they’ve been using traditional or outdated processes to manage AI… Read More
Skan, the AI-enabled process discovery and operational intelligence, recently announced it secured $14 million through its Series A funding round, which was led by Cathay Innovation with participation from Citi Ventures, Zetta Ventures, Bloomberg Beta, Plug and Play Ventures, and Firebolt Ventures. Founded in 2018, Skan uses cognitive… Read More
U.S.-based fintech Broadridge Financial Solutions announced on Tuesday its new artificial intelligence (AI)-driven digital trading platform, LTX, has been integrated with the Charles River Investment Management Solution (Charles River IMS. According to Broadridge, the integration is part of a strategy to improve efficiency in the corporate… Read More
VAIOT has become the first digital asset to be regulated by the Malta Financial Services Authority (MFSA) falling under the Maltese Virtual Financial Assets Act (VFAA), according to a note from the company. VAIOT seeks to enable both businesses and consumers to utilize a… Read More
Digital commerce platforms with experience-centric models are attractive to investors because of their focus on “long-term value creation,” according to a report from KPMG. Other businesses are also taking advantage of the benefits of experience-centric models, including ridesharing apps, media channels, Edtech companies, healthcare service… Read More
Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More
Ocean Protocol (OCEAN), which allows software engineers to build marketplaces and other apps to privately and securely publish, exchange, and consume data, is now available on Kyber Network, a protocol that facilitates automated, “decentralized,” instant, and low-cost exchanges of Ethereum-based digital assets. The Kyber Network… Read More
Quavo Inc., a U.S.-based fintech provider, announced on Thursday it has launched a fraud and dispute artificial intelligence (AI), called Auto Reasonable Investigation Agent (ARIA). The company claims that ARIA is the “first and only” SaaS platform AI and automation to conduct dispute investigations as… Read More
Shield, a UK based Regtech, has launched a solution that is said to combine its Insider Trading and Information Handling feature to provide greater monitoring of employees. The Shield “INSIDERS” is described as using AI, to provide a highly accurate integrated approach to monitor all… Read More
Israel based Regtech firm Shield was recently chosen to join the IBM Cloud for Financial Services ecosystem. Many financial institutions have been migrating or deploying new applications on Cloud-powered platforms that streamline routine banking and related business processes. We recently caught up with Eran Noam,… Read More
AI and machine learning network Fetch.ai is inviting developers and software testers to take part in its incentivized testnet program – which will be launching next week on October 22, 2020. The Fetch.ai team noted that their goal is to develop the infrastructure needed for… Read More
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