Tagged: artifiical intelligence

Generative AI Poses Novel Risks But Offers Transformational Opportunities, According to World Economic Forum

The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community “to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment… Read More

Insurtech Fairmatic Acquires $42M to “Rewrite” the Fleet Insurance Model

Insurtech Fairmatic “destealths” a unique offering that pioneers an unconventional approach to fleet insurance — “focused on enabling savings for safer fleets and improving road safety for all.” Fairmatic is led by a team “including former Allstate President Jamie Trish, as its President of Insurance,… Read More

Levo Credit Union Deploys Scienaptic’s AI enhanced Credit Decision Platform to Streamline Loan Approvals

Global AI-enhanced credit decision platform provider Scienaptic AI recently announced that Levo Credit Union, a 30,000 member strong credit union serving the South Dakota region, “is live on its platform.” Scienaptic’s platform will “allow Levo to increase approval rates, augment its credit decisioning process and… Read More

Fintech TIFIN, which Uses AI and Investment-Driven Personalization, Announces New Partnership

TIFIN, a Fintech platform using Artificial Intelligence and investment-driven personalization to assist asset managers with their digital distribution, announced that Distill by TIFIN is partnering with Harbor Capital Advisors, a “premier” investment firm offering access to a range of investment solutions, “to provide real-time digital… Read More

Leading UK Fintech Firms Now Working with PwC to Streamline Digital Financial Services with AI, Data Analytics

Ten of the United Kingdom’s leading Fintech companies are now working with Big Four auditing firm PwC in order to showcase how the future of banking will focus on both collaboration and innovation, along with greater personalization. After 3 years of ongoing development, the 10… Read More

Digital Commerce and Fintech Platforms with Experience-Centric Models Enable “Long-Term Value Creation”: Report

Digital commerce platforms with experience-centric models are attractive to investors because of their focus on “long-term value creation,” according to a report from KPMG. Other businesses are also taking advantage of the benefits of experience-centric models, including ridesharing apps, media channels, Edtech companies, healthcare service… Read More

AI and Machine Learning Can Help Fintechs if We Focus on Practical Implementation and Move Away from Overhyped Narratives, Researcher Says

Artificial intelligence (AI) and machine learning (ML) algorithms are increasingly being used by Fintech platform developers to make more intelligent or informed decisions regarding key processes. This may include using AI to identify potentially fraudulent transactions, determining the creditworthiness of a borrower applying for a… Read More

Fintech Adoption in China Remains Strong due to Increased Use of AI, Digital Wallets, WealthTech, Robo-Advisory Services by Businesses: Report

Guided by the government’s Fintech focused development plan and innovation strategy, China is reportedly leading the charge when it comes to establishing financial technology businesses in the country. A recent survey of business Fintech usage, performed by CPA Australia, an established accounting firm, reveals that… Read More

Machine Learning, a Specific AI Application, Poses Challenges for Market Surveillance, but Might Help Identify Manipulative Activities: Report

Machine learning (ML) is increasingly being used in trading in order to help investors with improving their decision-making and trade execution strategies. However, ML poses various challenges when it comes to capital markets surveillance, but its proponents argue that the technology serves a useful purpose…. Read More

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