Tagged: ai

Digital Bank Tandem Reports Solid Adoption of AI Savings Tool

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

Challenger Bank Zelf to Launch its own Digital Banking Software that will work only via Popular Messaging Apps like WhatsApp

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

AI-Powered Digital Technologies Provider Tavant Reports: FinConnect Platform Surpasses 10 Million Digital Mortgage Transactions

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

Invoice Financing Plaform Previse Secures $11 Million in Capital via Round led by Mastercard, Reefknot Investments

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

Insurtech: Sprout.ai, an Insurance Technology Firm that Uses AI and Natural Language Processing, Secures $2.5 Million in Capital

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

New Smart Money App Snoop to Help Consumers Better Manage their Finances During Coronavirus Crisis

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

Indian Fintech Zaggle, which Leverages AI and Deep Learning, to Hire 100 New Employees Despite Coronavirus (COVID-19) Outbreak

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

Legaltech: Paris-based Jus Mundi, a Developer of the Search Engine for International Law, Secures €1 Million via Seed Round

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

Fintech TrueAccord, which Helps Firms Negotiate Debt Payments, Introduces “Engage,” a Direct-to-Consumer Portal

Kansas-based TrueAccord, a Fintech firm that has created special software that allows financial institutions to negotiate debt payments with borrowers, is introducing “Engage,” a direct-to-consumer portal. TrueAccord runs a countercyclical business that’s currently generating more revenue than usual, while most other companies are slowing down… Read More

AI and Blockchain Firm Points Technology Acquires Millions of Dollars in Funding via Round with Contributions from K2 Ventures Partners

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

Post COVID-19: Lasting Impact on Society Following Coronavirus Crisis will Create Favorable Growth Conditions for Fintech Firms, New Report Claims

The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled… Read More

Belgium-based InvestSuite, a B2B Wealthtech Firm, Secures an Additional €2 Million in Seed Funding

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

ThetaRay, Provider of Big Data and AI-enhanced Analytics Tools, Joins Microsoft’s Partner Program to Offer AML Solution

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

Tipalti Launches AI For Accounts Payable “Tipalti Pi”

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

Wealthtech: Wealth Managers Rate their Process of Creating and Sharing Investment Advice as Poor to Average, a Report Reveals

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

Digital Transformation: Big Data and AI Firm ADVANCE.AI to Help Financial Services Providers Enhance Operations

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

Australian Telecom Firm ZipTel to Acquire Fintech Firm Douugh Ltd

Australia-based ZipTel Ltd (ASX: ZIP), a local telecommunications firm that provides international roaming and various calling solutions, has committed to a binding agreement to acquire all the outstanding shares of Douugh Ltd. Douugh Ltd is a Fintech company that aims to use artificial intelligence (AI)-enhanced… Read More

Tandem Announces New AI System “Ada”

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

UK-based Fintech Payhawk, a Corporate Expense Management Solution Provider, Secures €3 Million in Seed Funding

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

Eden Amirav: CEO at Become, an Online Funding Platform for SMEs, Explains How Fintech has Improved Lending Ecosystems

Eden Amirav, CEO at Become (formerly Lending Express), a leading online platform that helps small and medium-sized businesses (SMBs) find and optimize funding solutions, recently shared his views and insights with Crowdfund Insider. Become uses its proprietary technology to assist and nurture businesses throughout the… Read More

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