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DBS launches AI-based financing tool for SMEs

Just as the Covid-19 pandemic looked like it was under control, SMEs in Singapore are now grappling with an inflationary environment, an impending GST hike, supply chain challenges, and rising interest rates.

/people

Dubai-based AI trading firm appoints COO and CTO

Webb Fontaine (www.WebbFontaine.com), one of the leading providers of AI-powered trade technology and customs facilitation solutions to governments, announces Executive Leadership changes.

BofA bot Erica hits 1bn customer interactions

/retail

BofA bot Erica hits 1bn customer interactions

Bank of America's AI-powered chatbot, Erica, has passed the one billion client interactions mark, helping nearly 32 million customers since launching in 2018.

/wealth

Tifin launches AI-powered investing assistant

Tifin, the fintech platform known for Magnifi, it’s award-winning investment marketplace, today announced the launch of their new premium subscription Magnifi Personal, aimed at helping investors without enough time or knowledge to build and grow their portfolios with intelligence.

Regulatory and legacy system constraints hampering machine learning deployment

/regulation

Regulatory and legacy system constraints hampering machine learning deployment

UK financial firms blame a lack of regulatory clarity and legacy systems for constraining deeper deployment of machine learning technology, according to a survey conducted by the Bank of England.

/people

Feedzai introdues mental health, menstruation and menopause leave

The week of World Mental Health Day, Feedzai, the world’s first RiskOps platform for financial risk management, announces the implementation of its new mental health and menstruation leave benefit, allowing all employees one (1) day off, per month and without a salary impact, for self-care when experiencing physical, mental health, menstruation, or menopause related symptoms.

/crime

Resistant AI and ComplyAdvantage rollout combined financial crime tool

Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, the financial industry’s leading source of AI-driven financial crime risk data and detection technology, today announced the general availability of their solution for fighting financial crime across the U.S. and Europe.

/markets

Pragma takes algos to Canada

Pragma, the independent, multi-asset class algorithmic trading technology provider, has further enhanced its deep-learning enabled execution algorithms to intelligently trade Canadian and U.S. interlisted equities.

ING and UniCredit double-down on investment in Axyon AI

/markets

ING and UniCredit double-down on investment in Axyon AI

ING and Unicredit have joined a €1.6 million investment round in Axyon AI, an Italian fintech that supplies asset managers with AI-powered market insights and investment strategies.

/Artificial intelligence

Know Your Customer and Hawk AI bid to harmonise financial crime compliance in the fintech sector

Know Your Customer, the No. 1 provider of real-time registry connections in the industry, and Hawk AI, Germany’s leading software provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced a new strategic partnership.

/wholesale

SS&C rolls intelligent automation portfolio

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced at its SS&C Deliver Conference the rollout of its intelligent automation portfolio under the SS&C Blue Prism brand.

SaaS: The case for building a new banking business model

/Artificial intelligence

SaaS: The case for building a new banking business model

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/Artificial intelligence

VeraScore unveils credit monitoring model focused on equality

VeraScore, an innovative AI platform for measuring consumers’ financial health, is introducing a SaaS-based model that will allow lenders to more accurately and fairly extend credit. T

/Artificial intelligence

No-code AI Platform Signzy raises $26 million

Leading digital banking infrastructure enabler Signzy today said that it had raised INR 210 Crore (US$26 Million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures, in its latest funding round.

/identity

Onfido debuts Motion for fast ID verification

Onfido, the leading global digital identity verification and authentication provider, today unveiled Motion, a next generation biometric liveness solution to enhance its Real Identity Platform, launched in May.

Sardine raises $51.5m for fintech fraud platform

/regulation

Sardine raises $51.5m for fintech fraud platform

Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $51.5 million in a Series B funding round led by Andreessen Horowitz's growth fund.

/wholesale

Inovatec signs with Provenir

Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software.

/wealth

Truist launches AI-enhanced virtual assistant

Truist Financial Corporation ( NYSE: TFC), today announced the launch of Truist Assist in its mobile banking app and online banking platform for personal banking (retail and wealth) clients.

/payments

Kyriba introduces Cash Management AI

Kyriba (“the Company”), a global leader of cloud-based finance and IT solutions, today announced the launch of Cash Management AI, a new solution based on Artificial Intelligence, which uses data science technologies to predict cash availability with increased speed, control and reliability.

CBA app helps customers find cheap fuel

/retail

CBA app helps customers find cheap fuel

Commonwealth Bank of Australia is piloting a new in-app feature that helps customers save money refuelling their cars.

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