Tagged: ai

October 19, 2024 @ 7:35 pm By Tony Zerucha  |  

Swift is planning to roll out new AI-enhanced fraud detection for the global payments industry. It will be available in January 2025. The new capability builds on Swift’s existing Payment Controls Service by drawing on pseudonymized data from the billions of transactions that flow over… Read More

October 18, 2024 @ 12:45 pm By Omar Faridi  |  

The mood or overall sentiments among Chief Executive Officers (CEOs) of Germany based firms regarding the economic situation remains tense. This, according to an extensive update from KPMG. Only a good three out of four (77%) company leaders still have “confidence in their firm’s overall… Read More

October 16, 2024 @ 9:50 am By Tony Zerucha  |  

FlexFactor, a provider of decline recovery solutions for e-commerce brands, has announced the completion of its $16.8 Series A funding round. The round was led by Bessemer Venture Partners, with additional participation from seed investors. Annual global e-commerce sales exceed $5 trillion, yet failed checkout payments… Read More

October 15, 2024 @ 11:40 am By Omar Faridi  |  

Cedric Iggiotti, VP Product, Screening at ThetaRay noted recently that in an era where financial institutions face growing pressure from regulators, Starling Bank’s enforcement action by the UK’s Financial Conduct Authority (FCA) serves as an important reminder: a robust compliance framework isn’t just a regulatory… Read More

October 5, 2024 @ 6:22 pm By Michael Wong  |  

Funding for the generative artificial intelligence (GenAI) sector in the Association of Southeast Asian Nations (ASEAN) is projected to increase by 50 percent year-over-year in 2025, according to the latest report from GenAI Fund. The “ASEAN GenAI Startup Report 2024” attributes this anticipated growth to… Read More

October 4, 2024 @ 8:40 pm By Omar Faridi  |  

The team at CBInsights has released their latest State of Venture Q3’24 report. As noted in the research report from CBInsights, AI startups have managed to acquire 1 in 3 VC dollars. The research study released by CBInsights pointed out that Silicon Valley is becoming… Read More

October 2, 2024 @ 7:53 am By Omar Faridi  |  

LSEG (London Stock Exchange Group), a global financial markets infrastructure and data provider, releases a report, The Future of Wealth: Why Consistency Matters, highlighting the impact of Artificial Intelligence (AI) in wealth management. AI continues to transform the wealth management sector with 62% of wealth… Read More

September 30, 2024 @ 10:45 am By Omar Faridi  |  

BUSINESSNEXT, a global enabler of composable enterprise solutions for financial services, has partnered with MongoDB to support autonomous operations enhanced with predictive and generative AI for banking as well as insurance. Headquartered in New York, MongoDB enables industry participants to create, transform, and enhance various… Read More

September 30, 2024 @ 9:10 am By Tony Zerucha  |  

Twill founder and CEO Michael Wright is using his payments background and technological breakthroughs to bring the benefits of AI [artificial intelligence] and data analytics, previously only available to large companies and small- and medium-sized businesses. By consolidating data and providing enhanced analytics, Twill will… Read More

September 30, 2024 @ 9:00 am By Tony Zerucha  |  

Abrigo, a provider of commercial lending software and services for U.S. financial institutions, today announced that Abrigo Small Business Lending has emerged from beta and is commercially available. Recent data from the Abrigo Customer Lending survey reveals that many financial institutions are actively seeking to… Read More

September 28, 2024 @ 10:43 am By Omar Faridi  |  

New World ID has reportedly launched now in Guatemala, Malaysia and Poland come at pivotal moment for AI. As explained in a blog post by WorldCoin, World ID orb verifications have been officially introduced across three new countries this week: Guatemala, Malaysia and Poland. The… Read More

September 27, 2024 @ 9:41 am By Omar Faridi  |  

Klarna, the AI-powered global payments network, and shopping assistant, will launch its flexible payment methods on Adyen’s (ADYEN:AMS) physical payment terminals across Europe, North America, and Australia. Adyen, which claims to be the financial technology platform of choice for businesses, is the first global PSP to… Read More

September 25, 2024 @ 7:25 pm By Omar Faridi  |  

Desia, a system of intelligence and AI productivity for investment professionals, has successfully raised a $3.3 million pre-seed funding round led by Dig Ventures. Alongside Dig Ventures, various VCs participated in the round, “including 2100 Ventures, Vento by Exor Ventures, Octopus Ventures, Foreword Ventures, Plug… Read More

September 25, 2024 @ 7:14 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, is working with global small business platform Xero, to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers, offering Klarna’s alternatives to traditional credit “means they can get… Read More

September 22, 2024 @ 8:58 am By Omar Faridi  |  

A new report, released by Experian in collaboration with techUK, reveals Generative AI (GenAI) has the potential to boost annual U.K. GDP over the next ten years by up to £120 billion, but cites significant barriers “for businesses to overcome before that figure becomes a… Read More

September 21, 2024 @ 11:28 am By Omar Faridi  |  

Fathom, the AI-powered meeting intelligence platform that enables teams to have more productive conversations, announced it has raised $17 million in Series A funding led by Telescope Partners. Fathom’s seed investors reportedly include Maven Ventures, Character, Active Capital and Rackhouse Ventures. The company also reserved… Read More

September 20, 2024 @ 2:59 pm By Omar Faridi  |  

The continued disruption around the world has put most of the Sustainable Development Goals (SDGs) out of reach, with only 17% of set targets currently on track to meet the 2030 deadline. Concurrently, the emergence of generative AI is “reshaping the world of business, with… Read More

September 16, 2024 @ 11:43 am By Omar Faridi  |  

The Spanish entrepreneurial ecosystem is experiencing significant growth in the adoption and development of advanced technologies, with a particular “focus on software platforms, artificial intelligence (AI) and analytics.” This is the key takeaway from the fifth edition of the research study ‘Analysis of a next… Read More

September 16, 2024 @ 7:41 am By Omar Faridi  |  

Zoho Corporation, a global technology company, launched a new version of Zoho Analytics—Zoho’s self-service BI and analytics platform. Among more than 100 other enhancements, Zoho Analytics has “developed powerful new AI and ML capabilities, enabling diagnostic insights, predictive analysis, and automated report and dashboard generation.”… Read More

September 14, 2024 @ 5:00 pm By Omar Faridi  |  

BCB, Brazil’s central bank, says that it is now focused on accelerating the introduction of AI into its business processes. BCB notes in a recent announcement that this will aim to serve as “a new Center of Excellence will serve as a community of practice… Read More