Tagged: ai

February 7, 2025 @ 6:06 am By Omar Faridi  |  

The EU AI provisions reportedly went into force on 2 February, 2025. Diyan Bogdanov, Director of Engineering Intelligence & Growth at Payhawk, the global spend management solution and Bulgaria’s “first” unicorn, explains that the EU AI Act isn’t “just another compliance burden — it’s a… Read More

February 5, 2025 @ 6:16 pm By Omar Faridi  |  

A recent funding round has highlighted the growing demand for artificial intelligence (AI) solutions in the financial services industry.  The investment in Jump, a provider of AI tools for financial advisors, underscores the potential benefits of leveraging AI to streamline administrative tasks and enhance customer… Read More

February 5, 2025 @ 2:13 pm By Omar Faridi  |  

MongoDB, Inc. (NASDAQ: MDB) announced that Lombard Odier, a  Swiss private bank, partnered with MongoDB to enhance its banking tech systems. In collaboration with MongoDB, Lombard Odier has streamlined the modernization of its systems and apps with generative AI, “reducing technical complexity and accelerating the… Read More

February 5, 2025 @ 6:16 am By Omar Faridi  |  

Regtech Sumsub has announced a partnership with Funtico, a Web 3.0 gaming platform. This collaboration aims to enhance compliance and security in the iGaming sector, ensuring that Funtico remains “fully compliant with evolving regulations.” Funtico provides an incentive-driven gaming platform “for players for partner gaming… Read More

February 5, 2025 @ 5:16 am By Omar Faridi  |  

PwC and Microsoft (NASDAQ:MSFT) announced a collaboration aimed at transforming industries with the power of AI agents. This collab seeks to harness AI’s potential to drive business value, “enhance customer engagement and streamline operations across various sectors.” This initiative between PwC and Microsoft focuses on… Read More

February 4, 2025 @ 10:17 pm By Omar Faridi  |  

JPX Market Innovation & Research, (JPXI), a provider of Japan’s financial market data, and Snowflake, the AI Data Cloud company, announced a partnership in order to disseminate data over Snowflake’s platform. Data provision via Snowflake will enable market participants to get access to JPXI’s data… Read More

February 3, 2025 @ 11:01 am By Omar Faridi  |  

NatWest Group has made a minority investment in Serene, an early-stage AI platform focused on addressing financial vulnerability. Through real-time customer insights driven by AI and behavioral science, the platform “detects early signs of financial distress and predicts risks to help financial institutions deliver personalized,… Read More

February 3, 2025 @ 8:45 am By Omar Faridi  |  

The private equity landscape is evolving rapidly, driven by shifting market dynamics, policy changes, and emerging investment opportunities. Factors like increased deal flow, advancements in AI and technology, and a renewed focus on sustainability are expected to shape investment strategies and competitive positioning. Cyrus Nikou,… Read More

February 3, 2025 @ 8:10 am By Omar Faridi  |  

Lloyds Banking Group has announced important updates that focus on enhancing its artificial intelligence (AI) related capabilities. Lloyds Banking Group appointed Magdalena Lis as Head of Responsible Artificial Intelligence (AI), starting on 3 February 2025. This follows the appointment of Dr Rohit Dhawan as Director… Read More

February 2, 2025 @ 5:53 pm By Omar Faridi  |  

Euroclear has announced a 7-year partnership with Microsoft (NASDAQ:MSFT) to transform Euroclear clients’ experience and drive new opportunities for growth. The partnership strengthens Euroclear’s business ecosystem and technology infrastructure by leveraging Microsoft’s tech, expertise and cloud services. This will enhance Euroclear’s ability to create value… Read More

February 1, 2025 @ 8:43 am By Omar Faridi  |  

PitchBook‘s research report highlights the improving investor sentiment towards retail fintech companies, with public digital banks and neobrokers outperforming the broader market in Q4. According to the report from PitchBook, this trend is driven by retail fintech companies achieving profitability alongside sustained growth, reflecting improved… Read More

February 1, 2025 @ 8:42 am By Omar Faridi  |  

A recent report from CBInsights highlights the significant growth and transformation in the artificial intelligence (AI) landscape in 2024. Key trends and findings from the research reports include: Record funding: Private AI companies raised a record $100.4B in 2024, with mega-rounds accounting for 69% of… Read More

January 31, 2025 @ 12:28 pm By Omar Faridi  |  

OKX has released a comprehensive report, “The State of DEXs 2025,” which provides an in-depth analysis of the evolving decentralized exchange (DEX) landscape and its role in shaping the on-chain economy. The report highlights the rapid growth of DEXs, driven by innovation, accessibility, and decentralization…. Read More

January 30, 2025 @ 5:08 am By Omar Faridi  |  

PitchBook noted in a new report that the infrastructure software as a service (SaaS) sector has experienced significant growth, driven by the increasing adoption of digital transformation, Big Data, and advanced technologies like large language models. The report from PitchBook explained that this sector encompasses… Read More

January 27, 2025 @ 12:08 pm By Omar Faridi  |  

YZi Labs, formerly known as Binance Labs, has unveiled its rebranding, marking a significant expansion of its investment focus beyond crypto and blockchain to include Artificial Intelligence (AI) and biotechnology (biotech). Bianance describes the change as a natural progression as it has operated independently while… Read More

January 26, 2025 @ 6:54 pm By Michael Wong  |  

Pluto, the United Arab Emirates’ corporate card and expense management platform, announced that it has secured $4.1 million in a pre-Series A funding round. The development comes shortly after Pluto’s co-founder Mohammed Ridwan revealed that the platform surpassed AED1 billion in cumulative spend under management,… Read More

January 26, 2025 @ 3:32 pm By Omar Faridi  |  

Juro, a contract automation platform leveraging artificial intelligence, has announced the opening of its US headquarters in Boston. This move aims to strengthen its presence in its largest market, accelerate growth, and enhance support for its US customer base. Founded in London in 2016, Juro… Read More

January 25, 2025 @ 12:34 pm By Tony Zerucha  |  

Entrust, a provider of trusted payments, identities, and data security, this week introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS) platform. In 2024, US businesses lost an estimated $112 billion to fraud, the equivalent of nearly 7% of their revenue. Modern attacks,… Read More

January 23, 2025 @ 5:33 pm By JD Alois  |  

President Donald Trump signed an Executive Order today that aims to keep the US at the forefront of Artificial Intelligence (AI) development. The EO revokes “certain existing AI policies and directives” that have been deemed to undermine AI innovation. The goal is to clear a… Read More

January 23, 2025 @ 10:48 am By Omar Faridi  |  

Persona, a global identity platform, announced significant advancements in its AI-based face spoof detection capabilities. These updates strengthen Persona’s ability to detect and “prevent increasingly sophisticated generative AI fraud techniques.” AI-based face spoofs – such as deepfakes, synthetic faces, and face morphs – have “enabled… Read More