Tagged: artificial intelligence

Decentralized Autonomous Travel Solution Introduced by Fetch.ai, an AI and Machine Learning Network

The developers at Fetch.ai, an artificial intelligence (AI) and machine learning (ML) network, are introducing what they describe or refer to as “decentralized autonomous travel.” Fetch.ai aims to connect to more than 770,000 hotels with its Autonomous Travel system. The Autonomous AI Travel Agents intend… Read More

Big Tech Firms are Now Offering Fintech and Wealthtech Services in Singapore, but Startups are Also Launching Innovative Services

Singapore’s fast-growing 1,000+ Fintech sector includes a thriving Wealthtech segment which is on track to continue growing and maturing. It’s being supported by an increased interest from local investors, strategic acquisition deals, and the growing demand for automated financial advisory services (or Robo-advisors). Many younger… Read More

AI and Digital Tech Adoption in India to Help Banks and Financial Institutions with Streamlining Operations: Report

The Institute for Development and Research in Banking Technology (formed by the Reserve Bank of India) has revealed that the digital economy sector in India is expected to “double its output as early as 2025.” Digitization in India is expected to lead to “widespread economic… Read More

Government Policies are Evolving Quickly in India, and Provide a “Favorable Backdrop” for Fintech, Industry Exec Reveals

The Coronavirus outbreak has accelerated the adoption of digital payments and other Fintech services in India. Technology has been the foundation for the growth and development of Fintech platforms in the country, according to Raj N Phani, the Founder at Indian Fintech firm Zaggle. Phani… Read More

Industrial Bank of Korea Partners Naver’s Cloud Affiliate for Development of Fintech Services to Enhance AI Capabilities

The Industrial Bank of Korea (IBK) has teamed up with a platform managed by Naver’s Cloud affiliate for digital innovation and development of Fintech-related services, the state-run bank confirmed on December 23, 2020. Through the partnership, both organizations will aim to enhance their Cloud and artificial… Read More

AI Knowledge Management Software Startup Kvasir Analytics Secures More Than £1.3 Million Through Crowdcube Round

Kvasir, a UK-based AI knowledge management software company, has successfully secured more than £1.3 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £1 million, has already attracted 655 Crowdcube investors. Krvasir is currently offering 42.33% in equity… Read More

Vouched Announces $3M Funding Round to Accelerate AI-Based Identity Verification Platform

Vouched, a developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, announced on Thursday it has raised  $3 million through its latest funding round, which was led by Flying Fish Partners. Founded in 2018, Vouched describes itself as… Read More

AI-Powered Debt Trading Platform Metechi Raises $5 Million Through Latest Investment Round

Metechi, a U.S.-based AI-powered debt trading platform, announced on Friday it secured $5 million through its latest investment round. Founded in 2017, Metechi claims it empowers banks and Institutional Investors to better serve their clients, compete with larger institutions for business, and observe regulatory balance… Read More

Singapore’s UOB Claims its AI enabled AML Tech has Been Quite Effective at Identifying Potentially Fraudulent Transactions

United Overseas Bank (UOB) has revealed that its artificial intelligence (AI)-powered anti-money laundering (AML) technology has been quite effective at assisting the Singapore-based bank with analyzing large volumes of transactions to identify suspicious or potentially fraudulent financial activities. The UOB, a multinational banking organization with… Read More

Advanced Artificial Intelligence Adopters Attributed 12% Points of Revenue Gain Directly to AI Integrations: Report

The COVID-19 pandemic has led to businesses or companies adopting artificial intelligence (AI) based solutions. Firms operating in nearly every sector have integrated AI and automation software according to a new survey of professionals working in the financial services sector. Nearly 66% or two-thirds of… Read More

Coinbase Engineer Explains how Digital Assets Exchange Uses Machine Learning Tools to Create Meaningful Business Impact

US-based digital asset exchange Coinbase has revealed that it’s focused on building “state-of-the-art” machine learning (ML) technology with “efficient” execution for the crypto and blockchain-focused economy. Catalin Tiseanu, an engineer working at Coinbase, writes in a blog post that the digital assets firm leverages machine… Read More

China-Based AI-Powered Platform For Businesses IceKredit Secures $33 million Through Series C Funding Round Led By Guoxin Venture Investment

  China-based AI-powered platform for business IceKredit announced on Tuesday it secured $33 million through its Series C funding round, which was led by Guoxin Venture Investment with participation from Guohe Capital, Yunqi Partners, and China Creation Ventures. Founded in 2015, IceKredit describes itself as an… Read More

UK-Based AI Fintech FinChatBot Secures £1.2 Million Through Latest Investment Round

FinChatBot, a creator of conversational AI solutions for the financial services industry, recently annonced it attracted £1.2 million from Saviu Ventures,  Compass Venture Capital, and Kalon Venture Partners. FinChatBot reported that both Compass Venture Capital and Kalon Venture Partners are solidifying their positions, having previously… Read More

U.S.-Based AI Insurtech Software Flyreel Secures $10 Million During Series A Financing Round LedBy IA Capital Group

Flyreel, a U.S.-based Artificial Intelligence (AI) solution for residential and commercial property insurance, recently announced it secured $10 million through its Series A funding round, which was led by IA Capital Group with participation from Guidewire Software, Gradient Ventures, State Auto Labs, and Donan Engineering…. Read More

U.S. Fintech Wemlo Introduces AI Tech For Mortgage Processing

Wemlo, a U.S.-based fintech that’s focused on mortgage loan processing, announced on Friday the launch of its new AI technology called Athena. According to Wemlo, Athena is a virtual assistant AI developed to empower and improve loan processing by identifying discrepancies within a mortgage loan… Read More

Scotiabank Unveils Global AI Platform

Scotiabank announced earlier this week the launch of its new artificial intellignce (AI) platform. According to the Canadian banking group, the platform provides customers with intelligent and personalized financial advice. It also enables the bank to provide what it believes to be fast, relevant advice… Read More

Spain and Latin America based Insurtech Bdeo Secures €5 Million via Series A Round

Bdeo, an established Insurtech firm with offices in Spain and Latin America, has finalized a Series A investment round valued at €5 million. Bdeo’s latest round was led by BlackFin, a European investment company that’s focused on the financial services sector. Existing investors K Fund… Read More

Portugal based VC Firm Faber Closes €20.5 Million Round for its AI and Machine Learning focused Fund for European Startups

Portugal-based VC firm Faber has revealed that it has closed a €20.5 million round for Faber Tech II, which is a fund that will primarily focus on supporting early-stage initiatives. Faber plans to commit €30 million to the fund that will offer assistance to startups… Read More

Prashant Fuloria: CEO at Fundbox Explains how Fintech Platforms Can Leverage Machine Learning to “Democratize” Access to Funding

  We recently connected with Prashant Fuloria, CEO at Fundbox,  an AI-driven credit platform for B2B commerce. Fundbox focuses on “disrupting” the $21 trillion B2B commerce market by developing the first B2B payment and credit network. Sellers (of all sizes) are able to use Fundbox’s… Read More

Refinitiv Launches AI-Powered Due Diligence Report to Help Businesses Stay on Top of Complex Supply Chains Risks

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Tuesday it has launched a new AI-powered due diligence report, known as Snapshot, to help businesses stay on top of the risks associated… Read More

Send this to a friend