Tagged: ai

September 12, 2024 @ 10:16 am By Omar Faridi  |  

State chief information officers (CIOs) and state chief digital officers (CDOs) recognize the importance of high data quality — especially as a critical determinant of successful artificial intelligence (AI) — but a majority have concerns about data quality, according to a new report released by… Read More

September 9, 2024 @ 8:18 am By Omar Faridi  |  

Ripple and Futureverse, an AI and metaverse technology and content company, have announced plans “to integrate Ripple Custody to enable Futureverse to securely custody its digital assets.” Futureverse will enable “secure, compliant Know Your Customer (KYC) verified access to DeFi via its self-developed Ottó blockchain.” Futureverse… Read More

September 9, 2024 @ 8:11 am By Omar Faridi  |  

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

September 8, 2024 @ 4:15 pm By Omar Faridi  |  

More than two-thirds (76%) of financial services operations leaders in the US believe that using AI would enable them to make faster, more effective decisions, but 62% lack the data management capabilities and data environment to capitalize on the technology’s potential. That is according to… Read More

September 8, 2024 @ 4:13 pm By Michael Wong  |  

National legislatures will play a pivotal role in shaping the future of artificial intelligence (AI) and enhancing cybersecurity, according to a statement released by representatives of the Group of Seven (G7) countries. The statement was issued at the conclusion of the G7 Speakers’ Meeting held… Read More

September 2, 2024 @ 9:54 pm By Omar Faridi  |  

We recently caught up with Terence Kwok, CEO and Founder of Humanity Protocol. Terence Kwok spearheads Humanity Protocol, an organization dedicated to amplifying human potential amidst the transformative impact of artificial intelligence. He is a technology entrepreneur from Hong Kong and the CEO and founder… Read More

September 2, 2024 @ 9:24 pm By Omar Faridi  |  

Despite the promises of Gen AI, business leaders have significant concerns about its implications for business performance, according to new research from KPMG UK. Respondents cited the inaccuracy of results, “including hallucinations1, as the biggest concern when adopting Gen AI (60%).” Boards are also worried… Read More

August 29, 2024 @ 1:49 pm By Omar Faridi  |  

Jumio, a global provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy… Read More

August 28, 2024 @ 2:54 pm By Omar Faridi  |  

Space and Time Labs are pleased to announce that their team has secured a $20M Series A, bringing their total funding to $50 million. SxT claims that they are empowering the community “to own their future in an AI-powered world by providing the tools they… Read More

August 27, 2024 @ 7:13 pm By Omar Faridi  |  

Accenture (NYSE: ACN) announced an expansion of its strategic collaboration with Amazon Web Services (AWS) to create Accenture Responsible Artificial Intelligence (AI) Platform powered by AWS to help organizations adopt and scale AI rapidly with trust and confidence throughout their enterprise. The rapid rise of… Read More

August 23, 2024 @ 8:29 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has acquired Laybuy’s assets in New Zealand, the birthplace of the payments provider, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is “set to make a reenergized return… Read More

August 22, 2024 @ 9:09 pm By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to the world’s most successful law firms, and Brightflag, the AI-powered e-billing and matter management platform for in-house legal teams, have launched a new integration which seamlessly connects two of the legal industry’s legal invoicing… Read More

August 22, 2024 @ 4:02 pm By Omar Faridi  |  

Skyfire Systems, Incorporated announced the launch of the payment network built to enable fully autonomous transactions across AI Agents, LLM’s, data platforms, service providers, and other goods and services. Skyfire creates an essential operating layer, “delivering critical missing components for AI commerce, including secure wallet… Read More

August 21, 2024 @ 4:37 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced the addition of Kobalt Labs, an AI-powered copilot for risk and compliance teams, to the Treasury Prime Partner Marketplace. Banks in Treasury Prime’s network now have “the option to leverage Kobalt Labs to better manage their third… Read More

August 19, 2024 @ 11:32 pm By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant, has launched two new products tapping into retail banks’ core business: everyday spending and saving. Launched in 12 countries across Europe and the US, this marks “a significant step forward in Klarna’s mission to disrupt retail… Read More

August 18, 2024 @ 4:48 pm By Omar Faridi  |  

SigFig, a digital wealth management solutions and technology provider for financial institutions and their advisors, announced new capabilities, including AI-powered functions, to its financial advisor collaboration platform, Engage. Powering collaborative digital experiences for “the most essential aspects of financial advisor and client relationships, Engage is… Read More

August 18, 2024 @ 7:11 am By Tony Zerucha  |  

Fears of a bursting AI bubble are overblown, deVere Group founder and CEO Nigel Green believes. Speculation grew following last week’s market turbulence, but Green feels that is premature. “Fear mongers are pointing to the sharp declines in the stock prices of leading AI companies… Read More

August 16, 2024 @ 3:16 pm By Omar Faridi  |  

Kaspersky has detected an online fraud campaign aimed at stealing cryptocurrency and sensitive information by exploiting popular topics such as web3, crypto, AI, online gaming, and beyond. Targeting individuals worldwide, the campaign is believed to “be orchestrated by Russian-speaking cybercriminals and spreads info-stealing and clipper… Read More

August 16, 2024 @ 6:14 am By Omar Faridi  |  

Carbon emissions from AI and crypto are surging and tax policy can help, according to an update shared by the International Monetary Fund (IMF). Crypto mining and data centers now account “for 2 percent of global electricity use and nearly 1 percent of global emissions,… Read More

August 15, 2024 @ 4:35 pm By Omar Faridi  |  

Binance Labs, the incubation arm of Binance, has invested in Sahara AI, a decentralized AI blockchain platform built for open and equitable AI. Sahara AI is building a collaborative AI economy “that prioritizes the sovereignty and provenance of AI, ensuring security, equity, and accessibility for… Read More