Artificial intelligence

2999 articles tagged with this keyword

/retail

ZeroPay goes live with Scienaptic AI-powered credit decisioning platform

Leading AI-powered credit decisioning disruptor, Scienaptic announced that ZeroPay is now live on its platform. The platform will enable ZeroPay to make very accurate credit decisions and limit assignment in the Buy Now, Pay Later (BNPL) segment.

/sustainable

City of London policy chair hails UK capital as a centre of green finance

This week, the FCA and the City of London Corporation held a demo day for its Sustainability Cohort initiative, which aims to further green the financial sector and catalyse the transition to net zero.

/cloud

JPMorgan Chase to spend $12bn on tech this year

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.

/sustainable

Tintra launches foundation to protect hunter-gatherers

Fintech firm Tintra has just unveiled a charity foundation to help protect the planet’s last remaining hunter-gatherer tribes. As a primary endowment, Tintra has committed $2 million to the charity.

/retail

Scienaptic AI integrates with CU*Answers credit union

Leading AI-powered credit decisioning platform provider, Scienaptic AI announced its full integration with CU*Answers. The seamless integration of Scienpatic's AI-powered decisioning will provide new opportunities for CU*Answers credit union partners looking to expand credit access for their members.

/regulation

Shield raises $15m for AI-driven communications compliance platform

Shield, a workplace intelligence platform for compliance teams at financial services firms, has raised $15 million in a Series A funding round led by Macquarie Capital and OurCrowd.

/markets

Softbank injects $146 million into AI for asset management firm Qraft

AI enabled fintech company Qraft Technologies, Inc. (“Qraft” or “the company”) today announced that it has closed a US$146 million investment from SoftBank Group Corp. (“SoftBank”), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.

/retail

Mastercard buys personalisation platform McDonald's

Mastercard has agreed to buy personalisation platform and decision engine company Dynamic Yield from McDonald's. Financial terms were not disclosed.

/retail

Numerica Credit Union goes live with Scienaptic AI credit decision platform

Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Numerica Credit Union is now live on its platform. The implementation will facilitate advanced and faster credit decisions for the credit union and enhance member experience.

/retail

Scienaptic AI signs Ascendus

Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Ascendus has chosen its AI-based underwriting platform to augment its lending process and make advanced loan decisions for small and medium sized businesses.

/retail

VTB Bank introduces AI to speed up client services

As the bank’s digital transformation strategy, VTB has developed a system that will speed up and improve the recognition of text requests from customers when contacting the bank through a chatbot (either via the VTB app or online).

/payments

Bill payment app Papaya raises $50 million

Papaya, a mobile application that simplifies bill payments for US consumers, has picked up $50 million in a Series B funding round.

/markets

Machine learning quant Othoz raises €10 million

Deep-tech investment boutique Othoz has closed a €10 million Series A funding round to unlock the potential of artificial intelligence (AI) and further drive the development of quantitative, machine learning (ML) based strategies for investing in capital markets.

/markets

Meag adopts BondIT’s Explainable-AI Technology for credit risk management

MEAG and BondIT, a provider of next-gen fixed income technology, are collaborating to further digitize MEAG’s credit risk workflows.

/wholesale

Tinkoff launches open-service tool for analysing business processes

Tinkoff’s Centre for AI technologies has unveiled ETNA – the first service on the Russian market that helps to analyse and predict a wide range of data-driven processes, ranging from precipitation levels in upcoming winter months to a company’s recruitment needs.

/retail

Glia and Clinc partner on customer experience for FIs

Glia, a leading provider of Digital Customer Service, today announced its partnership with Clinc, a leader in conversational Artificial Intelligence technology for banking.

/payments

Israeli fintech Tipalti sees valuation exceed $8bn

Tipalti, a provider of AI-powered commercial payments and accounting services, has completed a series F funding round that has seen its valuation reach $8.3 billion.

/wholesale

Xero rolls out bank reconciliation predictions

Xero, the global small business platform, today announced a significant milestone in its AI strategy with the roll-out of new bank reconciliation predictions.

/identity

Ondato debuts AI-enabled spoofing detection tool to combat rise of document fraud

Ondato, the leading Compliance-as-a-Service platform, has launched a new AI-enabled ID forensics system that makes it impossible to submit spoof documents, such as altered photos, ID papers, and deep fake videos, as part of any customer on-boarding process.