Latest Artificial intelligence News: Finextra Research

Bank of America granted record number of patents

Bank of America is boasting a record 227 US patents granted in the first half of the year, with AI and machine learning the area seeing the most action.

25 August 2021

Company update/retail

Cooperative Teachers Credit Union chooses Scienaptic AI credit decisioning platform

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Cooperative Teachers Credit Union (CTCU) has selected its AI-powered platform, enabling the credit union to make stronger, faster credit decisions and offer enhanced financial options for its members.

23 August 2021

Company update/startups

Clearpay launches analytics platform for merchants

Today Clearpay, a leader in “Buy Now, Pay Later” payments (known as Afterpay (ASX: APT) outside the U.K. and Europe), introduced its new merchant analytics platform, Clearpay iQ. With this powerful new tool, brands gain access to valuable customer-centric analytics to help optimise investment and drive growth.

23 August 2021

News/inclusion

Pngme raises $15m for financial data infrastructure platform

Pngme, a San Francisco-based firm that builds data infrastructure and out-of-the box machine learning capabilities for financial institutions and fintechs across sub-Saharan Africa, has raised $15 million in a Series A funding round led by Octopus Ventures.

18 August 2021

Company update/startups

Mastercard Start Path welcomes latest batch

Today the award-winning global startup engagement program Mastercard Start Path welcomes 11 fintech companies to receive dedicated support, access to customers and product teams, and opportunities to co-innovate.

12 August 2021

News/wealth

Abrdn to acquire digital wealth management app from Nucoro

Investment manager Abrdn is to acquire the digital wealth management arm of fintech Nucoro for an undisclosed sum.

10 August 2021

Research/Artificial intelligence

SMEs Front and Centre

10 August 2021 524 downloads

Research/Artificial intelligence

Stemming the tide of Social Engineering Scams with Behavioural Insights

06 August 2021 223 downloads

Company update/startups

Financial concierge Zeni closes $34m Series B

AI-powered finance concierge Zeni today announced it has raised a $34 million Series B funding round led by Elevation Capital with participation from new investors Think Investments and Neeraj Arora.

04 August 2021

Company update/Artificial intelligence

Kaizen Compliance and Nexus FrontierTech combine on AI-based risk assessment tool

Financial Crime Risk and Compliance consultancy Kaizen Compliance Solutions and AI solutions firm Nexus FrontierTech today announced a partnership to develop an AI-powered tool aimed at automating the traditionally labour-intensive and time-consuming process of Client/Customer Risk Assessment.

04 August 2021

Company update/retail

VTB supports 150,000 customers using voice assistant

Since launching in February, the VTB voice assistant has consulted more than 150,000 users of the VTB Online application, answering some 200,000 questions.

03 August 2021

News/retail

Conversational AI firm Kasisto raises $15.5m

Conversational AI chatbot developer Kasisto has closed a $15.5 million Series C funding round co-led by new investors Naples Technology Vendors and NCR Corporation.

30 July 2021

Company update/people

Former Goldman Sachs CIO Damian Sutcliffe joins illumr advisory board

Damian Sutcliffe, the former EMEA CIO for Goldman Sachs has joined illumr’s advisory board.

29 July 2021

Research/Artificial intelligence

From Surviving to Thriving: Digital Customer Engagement beyond Video Conferencing

29 July 2021 206 downloads

Research/Artificial intelligence

Responding to Lending Disruption

27 July 2021 605 downloads

Company update/wealth

Prometeia and Fabrick apply Open banking and AI to launch new digital wealth platform

Fabrick, a leading Italian fintech company which operates internationally to promote Open Finance, and Prometeia, a consulting, software and research company that is a market leader in solutions for risk and wealth management, today announce the launch of Global Investment Portfolio, a unique digital wealth management solution that harnesses the power of artificial intelligence and open banking.

21 July 2021

News/crypto

SEC shuts down mother-son 'supercomputer' operation

The Securities and Exchange Commission has shut down a mother and son operation that raised more than $12 million from retailer investors by promising to use an AI "supercomputer" to invest the funds in securities trading and cryptocurrencies.

20 July 2021

Company update/retail

Scienaptic AI signs Numerica Credit Union

Leading global AI-powered credit decision platform provider, Scienaptic AI announced Numerica Credit Union has selected the company’s AI-powered platform to enhance its overall credit decisioning for several of its lending products and services, including consumer and commercial underwriting, CLI for credit cards, preapprovals, best credit product recommendations for members and credit risk assessment for the institution’s treasury services.

19 July 2021

News/startups

Credit Suisse leads $20 million round in financial data company Daloopa

Credit Suisse has led a $20 million Series A financing round in Daloopa, a provider of AI-powered data extraction services to hedge funds, investment banks, and other financial institutions.

19 July 2021

News/sustainable

Climate X raises $1.5m to tackle climate risk

Climate X, a startup that uses data and analytics to help businesses, government and individuals tackle the multi trillion-dollar climate risk problem, has raised $1.5 million in pre-seed funding.

16 July 2021