Tagged: machine learning

January 16, 2024 @ 3:59 pm By Omar Faridi  |  

Akur8, the insurance pricing solution powered by transparent machine learning, is pleased to announce its new partnership with Quincy Mutual Group, one of the oldest and “respected” regional mutual insurance companies in the United States, “offering a wide range of insurance products to protect the… Read More

January 4, 2024 @ 8:31 am By Omar Faridi  |  

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

December 10, 2023 @ 7:04 pm By Omar Faridi  |  

BIGG Digital Assets Inc., an innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group and TerraZero is pleased to announce that it has initiated a strategy to source partners to integrate and apply Artificial Intelligence (AI) and Machine Learning (ML) training… Read More

November 21, 2023 @ 9:17 am By Omar Faridi  |  

Akur8 released a new research paper for the actuarial community entitled “Derivative Lasso: Credibility-Based Signal Fitting for GLMs.” Developed by a team of actuarial scientists at Akur8, including Mattia Casotto, Head of Product for the U.S. and Principal Scientist, and Thomas Holmes, Chief Actuary for… Read More

November 20, 2023 @ 2:25 pm By Omar Faridi  |  

Rokt, the ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, announced its partnership with Afterpay, one of the global leaders in “Buy Now, Pay Later” payment. The partnership enables Afterpay to offer its ecommerce shoppers “highly relevant… Read More

October 5, 2023 @ 10:29 pm By Omar Faridi  |  

Lendbuzz, a financial technology company, that uses alternative data, machine learning, and deep neural networks to provide auto loans for a wide spectrum of borrowers announces today that they raised $345 million in a combination of $45 million in equity funding and $300 million in… Read More

September 20, 2023 @ 1:22 pm By Omar Faridi  |  

HiddenLayer, the security provider for artificial intelligence (AI) models and assets, has raised $50 million in Series A funding to expand its talent base, increase go-to-market efforts, and further invest in its Machine Learning Security (MLSec) Platform. The investment round marks the largest Series A… Read More

August 23, 2023 @ 7:17 am By Omar Faridi  |  

Steve Hulme, CFO at Zopa Bank, has shared an update on their financial performance. Last year was an “exceptionally” strong year for Zopa Bank that reportedly “laid the foundations for their strong profitable growth.” The firm’s management added that as people in the UK continued… Read More

August 13, 2023 @ 6:48 pm By Omar Faridi  |  

deepset.ai – the enterprise platform for building applications with LLMs – has raised $30 million in funding led by Balderton Capital. The investment round also included participation from existing investors GV (Google Ventures), and Harpoon Ventures. deepset claims that it “solves one of the biggest… Read More

July 5, 2023 @ 10:50 am By Omar Faridi  |  

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

June 28, 2023 @ 2:22 pm By Omar Faridi  |  

Resistant AI, an artificial intelligence (AI) and machine learning security company that protects financial services from financial crime, announced it has “expanded its Series A funding to $27.6 million, having raised an additional $11 million investment from Notion Capital.” This adds to the existing funding… Read More

June 17, 2023 @ 4:03 pm By Omar Faridi  |  

Bybit, which claims to be the world’s “third-most visited” cryptocurrency exchange, is pleased to announce the release of its latest tool, ToolsGPT. This innovative platform “combines ChatGPT’s machine learning technology with Bybit’s robust market data, [enhancing] the way traders make informed and profitable decisions.” ToolsGPT… Read More

June 15, 2023 @ 8:47 am By Omar Faridi  |  

Eurora Solutions, a provider of AI/ML-backed cross-border e-commerce compliance platform, announces the appointment of James Doyle as CEO of its Latin American (LATAM) operations, marking Eurora’s strategic entry to the world’s fastest-growing retail e-commerce region. As noted in the update shared with CI, LATAM saw… Read More

June 14, 2023 @ 10:14 pm By Omar Faridi  |  

Justt, a chargeback mitigation innovator, announced the launch of a new suite of machine learning powered capabilities designed to revolutionize the way merchants navigate the complex landscape of chargeback management. These innovative features “focus on augmenting merchants’ visibility into and control over the process of… Read More

June 12, 2023 @ 4:36 pm By Omar Faridi  |  

DeFi has been suffering from a silent problem for years: a liquidity management gap. The lack of these services has caused a range of issues. It leads to increased price volatility, making executing trades at fair prices challenging and resulting in potential losses for traders…. Read More

June 6, 2023 @ 9:51 pm By Omar Faridi  |  

AntChain announced a new collaboration with Intel to launch AntChain Massive Data Privacy-Preserving Computing Platform (MAPPIC), a new privacy-preserving computing (PPC) platform that brings a data privacy protection solution for large-scale AI machine learning. As a Software-as-a-Service (SaaS) platform, MAPPIC is based “on the Trusted… Read More

May 26, 2023 @ 10:12 am By Omar Faridi  |  

Fimatix, a provider of digital transformation solutions, announced today the acquisition of Semantic Evolution, a specialist in the provision of AI and machine learning powered solutions to the Financial Services sector. Semantic Evolution will continue “to operate under its own name as part of the… Read More

May 24, 2023 @ 11:53 am By Omar Faridi  |  

Mulberri, an AI-driven embedded insurance platform, today announced the launch of its Risk Engine, a first of its kind risk assessment offering “for workers compensation underwriters.” The Risk Engine, which is already being “deployed by customers like Paychex’s PEO department, uses machine learning models to… Read More

May 19, 2023 @ 11:02 am By Omar Faridi  |  

ARK36, the Cyprus-based leading alternative investment digital asset fund, has announced today the launch of a proprietary machine learning-based trading software system, “to improve the way its portfolio management team can navigate the dynamic world of cryptocurrency trading.” The new software will “leverage advanced algorithms… Read More

May 17, 2023 @ 10:45 pm By Omar Faridi  |  

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More