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Wells Fargo launches AI-powered accounts receivables product

Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching.

/markets

Axyon AI and DMALINK to develop ML trading algorithms

Axyon AI partners with DMALINK® to develop the first machine learning-based predictive algorithms for forex trading

/payments

Wells Fargo launches AI-powered accounts receivables service

Wells Fargo & Company (NYSE: WFC) today announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association, and invoice matching.

/startups

Trade Ledger accelerates loan approval speeds

Global digital lending platform innovator, Trade Ledger, has joined forces with ScotPac, Australia and New Zealand’s largest non-bank SME lender, to create a market-leading origination and underwriting experience for business funding. The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.

BMO uses AI for capital markets structured note pricing

/markets

BMO uses AI for capital markets structured note pricing

Bank of Montreal is working with Toronto-based startup Riskfuel Analytics to develop AI-based models for pricing and scenario analysis of structured derivatives transactions.

Competitive Advantage through Cloud Connectivity

/Artificial intelligence

Competitive Advantage through Cloud Connectivity

173 downloads

Nedbank picks Kasisto for AI chatbot

/retail

Nedbank picks Kasisto for AI chatbot

South Africa's Nedbank has deployed Kasisto's KAI conversational AI technology for its new intelligent digital assistant, Enbi.

UBS invests in 'Knowledge-as-a-Service' platform Lynk

/wholesale

UBS invests in 'Knowledge-as-a-Service' platform Lynk

UBS has invested in Lynk, an AI-driven 'Knowledge-as-a-Service' platform that the bank works with to help its institutional clients in their investment research.

/wholesale

Morgan Stanley leads $1.6 billion round in Databricks

Databricks, the Data and AI company, today announced a $1.6 Billion round of funding to accelerate innovation and adoption of the data lakehouse, as the data architecture’s popularity across data-driven organizations continues to grow at a rapid pace.

/security

Adyen debuts machine learning fraud detection tool

Adyen (AMS: ADYEN), the global payments platform of choice for many of the world's leading companies, today launched Score.

JP Morgan leads $50m funding round for investment analytics player Aumni

/markets

JP Morgan leads $50m funding round for investment analytics player Aumni

Aumni, an investment analytics platform that provides the data infrastructure for private capital markets, has closed a $50 million Series B funding round led by JP Morgan.

Machine learning startup Taktile raises $4.7m

/startups

Machine learning startup Taktile raises $4.7m

Taktile, a German technology platform used by financial services companies to deploy machine learning applications, has raised $4.7 million in seed financing led by Index Ventures.

/retail

Twenty7Tec invests in Meet Parker

Leading mortgage technology provider Twenty7Tec is pleased to announce that it has completed an investment in AI technology firm Meet Parker.

Bank of America granted record number of patents

/people

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.

/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.

/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.

Pngme raises $15m for financial data infrastructure platform

/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.

/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.

Abrdn to acquire digital wealth management app from Nucoro

/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.

SMEs Front and Centre

/Artificial intelligence

SMEs Front and Centre

524 downloads

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