Tagged: genai

April 14, 2025 @ 9:16 pm By Omar Faridi  |  

Seb Vanhecke, Chief Product Officer of European fintech Rydoo, has commented on on the rise in employee expense fraud due to AI-generated fake receipts and the end of the fiscal year causing finance teams to become overwhelmed “with higher priority tasks, meaning routine tasks such… Read More

October 15, 2024 @ 5:40 pm By Omar Faridi  |  

The European generative AI market is growing steadily, providing considerable opportunities, however, firms need to still overcome key challenges to ensure people feel comfortable with the tech. This, according to an update from Deloitte. Trust, which is considered to be a cornerstone of “widespread” acceptance,… Read More

October 5, 2024 @ 6:22 pm By Michael Wong  |  

Funding for the generative artificial intelligence (GenAI) sector in the Association of Southeast Asian Nations (ASEAN) is projected to increase by 50 percent year-over-year in 2025, according to the latest report from GenAI Fund. The “ASEAN GenAI Startup Report 2024” attributes this anticipated growth to… Read More

September 20, 2024 @ 2:59 pm By Omar Faridi  |  

The continued disruption around the world has put most of the Sustainable Development Goals (SDGs) out of reach, with only 17% of set targets currently on track to meet the 2030 deadline. Concurrently, the emergence of generative AI is “reshaping the world of business, with… Read More

September 19, 2024 @ 8:54 am By Omar Faridi  |  

BlueFlame AI, a provider of generative artificial intelligence (Gen AI) solutions for the alternative investment management industry, announced the launch of Nexus. The innovative AI-powered solution is designed to transform the way firms “find, analyze, and report on the unstructured data contained within their various… Read More

August 22, 2024 @ 9:11 pm By Omar Faridi  |  

Experian released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights “into emerging fraud trends such as these, as… Read More

August 4, 2024 @ 2:45 pm By Michael Wong  |  

Gartner forecasts that at least 30% of generative AI (GenAI) projects will be abandoned after proof of concept by the end of 2025. The primary reasons cited for this high dropout rate include poor data quality, inadequate risk controls, escalating costs, and unclear business value…. Read More

June 16, 2024 @ 5:00 pm By Omar Faridi  |  

Further building on its GenAI focus in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech Broadridge Financial Solutions Inc. (NYSE:BR), announced GenAI-powered List Trading functionality. The new feature allows users “to leverage GPT technology to generate and execute… Read More

May 14, 2024 @ 11:29 am By Omar Faridi  |  

Palo Alto Networks (NASDAQ: PANW) and Accenture (NYSE: ACN) announced an expansion of their long-standing strategic alliance. New offerings will combine Precision AI technology from Palo Alto Networks and Accenture’s secure generative AI services to help organizations embrace “the potential of AI with cybersecurity.” The… Read More

April 18, 2024 @ 8:43 am By Omar Faridi  |  

More than a third (36%) of senior leaders in the financial services sector use generative AI at least once a day at work, according to new research from KPMG UK. Of all senior professionals in the sector, CEOs are “the most frequent users (30%) of… Read More

March 26, 2024 @ 8:52 am By Omar Faridi  |  

The world’s 1,229 unicorn companies, which are businesses valued at $1 billion or more, have been closely examined in an extensive update shared by CBInsights. CBInsights has looked at every billion-dollar startup around the globe and profiled the fastest-growing unicorn markets in the fast-evolving digital… Read More

February 18, 2024 @ 8:28 pm By Omar Faridi  |  

PayPal Ventures reports that is co-leading Rasa’s $30 million Series C funding round. Rasa, the generative conversational AI platform, announced “the completion of its $30 million Series C funding round, co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel, and… Read More

February 2, 2024 @ 7:43 am By Omar Faridi  |  

The “explosion” of generative AI [artificial intelligence] saves the AI sector from the worst of the venture drought, according to an update from CBInsights. The CBInsights team notes that although AI venture activity slowed down in 2023, the sector — and particularly, generative AI —… Read More