Tagged: ai

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

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

Pagaya Finalizes $280M Credit Facility with BlackRock, UBS, JPMorgan Chase, Other Lenders

Pagaya Technologies LTD. (NASDAQ: PGY), a company offering AI-driven solutions for financial services, announced the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital, UBS O’Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. The facility, which… Read More

Fintech Klarna Enters Subscription Market with Launch of Klarna Plus in the United States

Klarna, the AI powered global payments network and shopping assistant, announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app “for a monthly fee of $7.99.” Klarna Plus… Read More

UnionBank of the Philippines to Adopt Informatica’s Intelligent Master Data Management (MDM) SaaS

Informatica (NYSE: INFA), an enterprise cloud data management leader, today announced that UnionBank of the Philippines, a universal bank in the Philippines, has chosen to adopt Informatica’s intelligent Master Data Management (MDM) SaaS as “the bank transitions from an on-premises solution to the cloud as… Read More

Regtech Onfido, the Enabler of Automated ID Verification, Introduces Compliance Suite

Onfido, which claims to be the global leader in automated identity verification, launched its Compliance Suite, an all-in-one identity verification solution “that empowers fast-growth businesses to expand seamlessly into new markets and meet local regulatory needs for customer onboarding.” Onfido’s Compliance Suite reportedly “introduces qualified… Read More

Worldcoin and FWB, a Social Network DAO, to Explore What It Means to be Human in AI Age

Worldcoin claims that it was created to help build a more human internet and a more inclusive digital economy. That ethos aligns with the founding principles of Friends With Benefits (FWB), a new kind of social network DAO working with creatives and builders “to platform… Read More

Socure, the Provider of AI for Digital ID Verification, Introduces Identity Fraud Solution Suite

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

Regtech ComplyAdvantage Releases Financial Crime Report, Examining Fraud, Money Laundering, Illicit Activities

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

AI Expected to Impact 40% of Jobs Globally by Replacing or Complementing Roles – IMF Analysis

AI [artificial intelligence] will affect almost 40 percent of jobs around the world, “replacing some and complementing others.” So that’s why we may “need a careful balance of policies to tap its potential,” according to an update shared by the International Monetary Fund (IMF). In… Read More

Economic Outlook, Business Confidence May Improve But Company Execs Realize Importance of AI, Climate Change – Survey

The proportion of CEOs who believe global economic growth will improve over the next 12-months has more than doubled year-on-year, according to an update shared by PwC. At the same time, the proportion of CEOs concerned “about their long-term business viability has risen to 45%… Read More

Fintech Broadridge Financial Solutions Introduces OpsGPT, a Capability for Transforming Operations Across Post-Trade Lifecycle

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced the launch of OpsGPT, a new capability for operations users, analysts, and management teams to transform their operations across the post-trade lifecycle. Powered by Generative AI (GenAI) and Large Language Model (LLM) technology, OpsGPT uses transactions, settlements… Read More

Fintech Professional Shares Feedback After Testing Digital Bank bunq’s AI Features, which Need A Lot of Improvement

bunq, a Dutch digital banking platform, has started describing itself as “the first AI-powered bank in Europe.” However, like most firms that claim to leverage AI, there is more hype than actual value being delivered to consumers. During the past few years, artificial intelligence has… Read More

Digital Insurance Firm Lemonade Extends Financing Relationship with General Catalyst

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the extension and expansion of its financing relationship with General Catalyst (GC) – AKA ‘Synthetic Agents’ – whereby GC “finances up to 80% of Lemonade’s spending specifically related to customer… Read More

BBVA Workers Are Leveraging Generative AI and Experimenting with Large Language Models (LLMs)

BBVA is looking to spot and train the best in-house talent in the use of the large language models (LLMs) that are behind the success of the likes of ChatGPT, as it drives the exploration of projects based on generative artificial intelligence. To succeed in… Read More

Global Fintech Klarna Appoints Matthew Miller to Key Company Role

Klarna, the AI powered global payments network and shopping assistant, announced  Matthew Miller will join the boards of Klarna Holding AB and its subsidiary, Klarna Bank AB. Miller is “a long-standing Partner at Sequoia focused on early and growth stage investments in technology companies across… Read More

Spend Management Fintech Airbase Shares Product Update and Business Outlook for 2024

As we enter 2024, Airbase wanted to take a moment to share with the progress that the Fintech firm claims to have made in 2023. According to Airbase, it was a solid year of innovation, adoption, and recognition for them. Airbase notes in a blog… Read More

APP Scams in the UK Are on the Rise and Financial Institutions Are Under Pressure, Regtech Professional Claims

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More

Fintech Platform FactSet Announces Initial Release of AI Advancement Solution to Enhance Decision-Making

FactSet (NYSE:FDS), a global financial digital platform and enterprise solutions provider, announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent “to power modern digital workflows and enhance fact-based decision making.” FactSet Mercury is a solution “that… Read More

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