Artificial Intelligence

April 29, 2020 @ 8:01 am By JD Alois  |  

Tandem Bank says that over half of its customers are using its AI-enabled Autosavings feature after one year of availability. The Autosavings feature is designed to effortlessly build an individual’s savings account for them. Tandem notes that even prior to Covid-19, the company found that… Read More

April 27, 2020 @ 6:10 pm By Omar Faridi  |  

Challenger Bank Zelf is reportedly planning to introduce its digital banking offering which will operate exclusively through widely-used messaging apps. The Latvian Fintech firm claims that it has already signed up more than 58,000 users, who are waiting for the official launch of Zelf’s virtual… Read More

April 26, 2020 @ 9:42 am By Xu Gao  |  

People’s Bank of China Held 2020 Anti-Money Laundering Work Virtual Conference On April 15th, the 2020 PBC Anti-Money Laundering Work Virtual Conference was held in Beijing. The conference fully recognized AML achievements made by the People’s Bank of China (PBC) in 2019, analyzing the current… Read More

April 21, 2020 @ 3:02 pm By Samantha Hurst  |  

Tavant, a U.S.-based AI-powered digital technologies provider, announced on Tuesday its FinConnect platform, which is described as an intelligent lending data and enterprise mortgage services integration hub, has processed more than 10 million digital mortgage transactions in the past 12 months. The platform has also processed… Read More

April 19, 2020 @ 10:57 pm By Omar Faridi  |  

Previse, an established invoice financing platform, has secured $11 million in capital through an investment round led by Mastercard and Reefknot Investments. Existing investors Augmentum Fintech, Bessemer Venture Partners, and Hambro Perks also took part in the round. Established in 2016, Previse aims to address… Read More

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

April 18, 2020 @ 11:28 am By Omar Faridi  |  

Smart money app Snoop is launching its services, which aim to assist consumers with better managing their finances during the Coronavirus (COVID-19) crisis. Established by Jayne-Anne Gadhia, a former executive at digital bank Virgin Money, the Snoop Fintech app leverages Open Banking standards and technology,… Read More

April 15, 2020 @ 10:32 am By Omar Faridi  |  

Fintech firm Zaggle, which leverages artificial intelligence (AI) and deep learning to provide innovative solutions to Indian businesses, reportedly had a turnover of around INR 1800 Crores (appr. $237 million) for the 2018-2019 financial year (FY). Zaggle is now expecting to generate INR 3500 Crores… Read More

April 9, 2020 @ 7:13 am By Omar Faridi  |  

Paris-headquartered Jus Mundi, a Legaltech firm that aims to serve as the search engine for international law and arbitration, has secured €1 million in capital through its recent seed funding round. Jus Mundi’s management says the firm aims to become a leading resource for international… Read More

April 5, 2020 @ 6:46 pm By Omar Faridi  |  

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

April 2, 2020 @ 7:20 am By Omar Faridi  |  

Belgium-based InvestSuite, a business-to-business (B2B) wealth technology (Wealthtech) firm, has secured an additional €2 million in seed funding. The firm’s current and new angel investors took part in the round. InvestSuite’s management and employees also made contributions, bringing the company’s total funding since its launch… Read More

April 2, 2020 @ 1:00 am By JD Alois  |  

Finturi, a Netherlands-based startup that leverages blockchain to power invoice financing, has received regulatory approval by the Dutch Authority of Financial Markets (AFM), according to a note from the firm. Launched in September 2018, Finturi uses technologies like blockchain and artificial intelligence (AI) to make… Read More

April 1, 2020 @ 10:56 am By Samantha Hurst  |  

Tavant, a U.S.-based AI-powered digital technologies provider, announced on Wednesday the launch of its new proptech business. Tavant claims that the platform implifies the home shopping and buying process and the company has leveraged its years of experience in Fintech, Digital Transformation, AI and Machine… Read More

March 31, 2020 @ 10:19 pm By Omar Faridi  |  

ThetaRay, a provider of Big Data and artificial intelligence (AI)-enhanced analytics tools, has joined Microsoft’s (NASDAQ:MSFT) partner program, One Commercial Partner, which provides various cloud-powered solutions. ThetaRay’s anti-money laundering (AML) solution for correspondent banking can be accessed through Microsoft’s Azure Marketplace. A large US bank… Read More

March 31, 2020 @ 5:04 pm By Samantha Hurst  |  

Global payables platform Tipalti announced on Tuesday the launch of its artificial intelligence (AI) for accounts payable, Tipalti Pi. Acceding to Tipalti, the Tipalti Pi is a continuously-adaptive, integrated payables intelligence engine throughout the Tipalti platform that employs AI and machine learning to make the… Read More

March 29, 2020 @ 7:31 pm By Omar Faridi  |  

Finantix, a technology products firm focused on banking, wealth management and insurance services, has published a report, which it authored in collaboration with WealthBriefing, a news, features and information source for the wealth management (Wealthtech) industry. The market research report, titled “Defining – and Delivering… Read More

March 24, 2020 @ 11:34 pm By Omar Faridi  |  

Big Data and artificial intelligence firm ADVANCE.AI aims to assist businesses based in Asia with their digital transformation strategies. ADVANCE.AI is expanding its business operations into India by establishing business offices in Bangalore and New Delhi. The Singapore-headquartered firm also intends to open an office… Read More

March 20, 2020 @ 11:08 am By Samantha Hurst  |  

Challenger bank Tandem recently announced the launch of its new AI system, Ada. According to Tandem, Ada is a self-learning platform that is designed to deliver insights to add value to the baning group customers’ lives. “We have lots of information about our customers, about… Read More

March 18, 2020 @ 9:00 am By JD Alois  |  

Sight Diagnostics, an OurCrowd portfolio company, is helping to lead the response to the Coronavirus pandemic. Sight’s OLO, a compact blood analyzer that can provide rapid, lab-grade CBC [complete blood count] results, has been installed in Sheba Tel Hashomer’s (Israel’s largest hospital that is supported… Read More

March 17, 2020 @ 11:51 am By JD Alois  |  

Funding London, an investment vehicle provided by the Mayor of London, has backed 26 female founders, according to a note from the fund. Founded in 2004 by Maggie Rodriguez Piza on behalf of the Mayor of London, since inception Funding London has backed 673 SMEs… Read More