Artificial Intelligence

OurCrowd AI Fund: Investment Platform OurCrowd to Partner with NVIDIA on Artificial Intelligence Fund

OurCrowd, a global online investment platform providing smaller investors access to private securities offerings, is partnering with NVIDIA (NASDAQ:NVDA) as part of its sector fund, the OurCrowd AI Fund. NVIDIA is the hottest artificial intelligence firm around today, as just about everyone needs their technology… Read More

DataVisor Launches Fraud, Compliance Solution

DataVisor, an AI-powered fraud and risk platform, this week announced the launch of a solution designed to detect fraud and financial crimes more effectively while upholding sponsor bank compliance in the face of evolving regulations for Banking-as-a-Service (BaaS) offerings. The solution for sponsor banks replaces… Read More

Intercontinental Exchange and IPC Systems to Enable Seamless Communications Platform for Traders

Intercontinental Exchange, Inc. (NYSE: ICE), a global provider of technology and data, and IPC Systems, a provider of trading communications solutions, announced plans to launch ICE Voice, a cloud-based audio solution that will be offered with ICE Chat to provide a seamless communications platform for… Read More

Socure Teams Up with Open Banking Fintech Trustly

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

AI for Finance: Microsoft Introduces Copilot for Finance

The artificial intelligence (AI) revolution is continuing at a rapid pace. Today, Microsoft (NASDAQ:MSFT), the largest software firm in the world, has announced AI-powered Copilot for Finance. This is part of Microsoft 365 and claims to “transform modern finance.” To quote Microsoft: “Finance departments are… Read More

Intapp, a Provider of AI-powered Software for Capital Markets Firms, to Acquire Berlin’s delphai

Intapp (NASDAQ: INTA), a global provider of AI-powered software for professionals in advisory, legal, and capital markets firms, announced that it has signed an agreement to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The… Read More

Web3 Adoption: Tenzro Launches AI Enhanced Platform for Creatives on Avalanche

Tenzro is launching its AI content platform on Avalanche, aiming to serve as an open, composable platform for any developer to be able to easily launch AI-powered creative content capabilities. By enabling dApp builders with robust AI capabilities, Tenzro believes that “all content creators, such… Read More

Finastra’s Filogix Introduces Automated Lender Note Capabilities, Enhanced by Generative AI

Finastra’s Filogix team has unveiled new generative AI (Gen AI) capabilities in its Expert Pro Canadian Mortgage Point of Sale (POS) solution. The function automates the creation of borrower narratives (notes) that “aids in lender underwriting – streamlining processes, saving time and minimizing errors for… Read More

Justin Wickett, CEO of InformedIQ Explains How AI and Machine Learning Are Transforming the Way Auto Lenders Use OCR Tech

Lenders are increasingly frustrated with OCR (optical character recognition) solutions that are designed to read data off paystubs, but they’re only pulling text from the documents. They also aren’t an end-to-end solution helping lenders comply with ECOA and Fair Lending. Many OCR tools also focus… Read More

KPMG UK and Blue J to Launch Generative AI Tool to Address Tax Research Questions

KPMG UK and Blue J announced that they will launch a new generative AI powered product to answer challenging tax research questions in seconds. KPMG will have exclusive access “to the tool, Ask Blue J, among the big four accountancy firms in the UK for… Read More

Cybersecurity: Government Agencies Agree Infrastructure Is Vital for Resilience Against Cyber-Attacks – Survey

Government leaders are increasingly pointing to a lack of infrastructure as a barrier to modernization, according to new EY survey The EY survey reportedly reveals “outdated IT, limited funding and an overwhelmed workforce are among top barriers to tech modernization at federal, state and local… Read More

SEI Invests $10 Million in TIFIN, a Wealthtech Using AI

SEI (NASDAQ:SEIC) has invested $10 million in TIFIN, a Wealthtech firm leveraging artificial intelligence (AI) to improve wealth management. Terms of the investment were not immediately available. SEIC currently has a market cap of around $8.9 billion. SEI is a tech firm providing services to… Read More

Anti – Deepfake Firm Clarity Raises $16 Million Seed Round

Clarity, a firm that aims to “immunize” businesses from Deepfakes and AI-generated “synthetic media,” has raised $16 million in Seed funding in a round led by Walden Catalyst and Bessemer Venture Partners. In a blog post, the company said they are addressing one of the… Read More

PayPal Ventures Reports Co-Leading Rasa’s $30M Series C Round

PayPal Ventures reports that is co-leading Rasa’s $30 million Series C funding round. Rasa, the generative conversational AI platform, announced “the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and… Read More

Fraudsters Are Leveraging Generative AI to Dupe Consumers and Businesses – Research Report

Experian released its 2024 Future of Fraud Forecast, which identifies five fraud threats consumers and businesses should be cautious of this year. Today’s fraudsters are sophisticated and will “deploy the latest technology, such as generative artificial intelligence, to dupe consumers and businesses.” According to an… Read More

Singapore to Invest Over $743 Million in AI in Five Years

Singapore has announced a major investment in artificial intelligence (AI), with more than $1 billion earmarked over the next five years to propel the city-state to new heights in AI development. Deputy Prime Minister Lawrence Wong, who also serves as the Minister for Finance, unveiled… Read More

Sibli, a Fintech Targeting Investment Research via AI, Reports New Funding Round

Sibli (formerly Responsibi), a company that aims to change the investment research process using AI [artificial intelligence], has announced a $4.5millio Seed round led by Staircase Ventures, a firm overseen by Janet Bannister. The deal included participation by The Group Ventures, Burst Capital, MaRS IAF,… Read More

Bridgewise CEO Shares Insights on UK Government’s Plan to Invest £100M in AI Research

The UK government will invest £100 million in AI research and training regulators on the technology. A good portion of the cash infusion will be spent on new research hubs across the UK. Bridgewise, an AI financial intelligence platform, has shared insights following this announcement…. Read More

Banks Are Migrating from Mainframes to AI-driven Cloud Technologies – Report

NTT DATA, a global digital business and IT services leader, announced a new global banking research report entitled “The Digital Horizon: Banking’s Shift from Mainframe to AI-Driven Cloud Infrastructure.” The research has unveiled findings from “a survey of 650 global banking decision-makers, marking a definitive… Read More

UK’s Vault Hill, an AI enhanced Metaverse for Engagement and Revenue Channels, Acquires Funding via Seedrs

Vault Hill, which is described as an AI-powered metaverse designed to enrich engagement & create new revenue channels, has acquired over £215,000 from 45 investors (at the time of writing) through its crowdfunding campaign, carried out via Seedrs. There are currently two days left in… Read More

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