Latest Artificial intelligence News: Finextra Research

Digital ID firm Socure hits $4.5bn valuation

Machine learning-based digital identity verification firm Socure has closed an oversubscribed $450 million funding round at a $4.5 billion valuation.

09 November 2021

Company update/markets

Wilshire and Rayliant collaborate on development of machine learning-based quant strategy indexes

Wilshire, a global investment technology and advisory company, and Rayliant, an Asia-focused fund manager dedicated to providing innovative quantitative investment solutions, today announce a collaboration to develop a new generation of quantitative strategy indexes to give institutional investors access to new passive investment opportunities.

09 November 2021

Company update/startups

FlowX.AI raises $8.5 million in seed round

FLOWX.AI - an enterprise platform that enables banks and financial institutions with complex IT infrastructures to build fast modern digital experiences unbounded from the limitations of their legacy systems - has raised $8.5 million in their seed round.

09 November 2021

Company update/markets

Enterprai unveils tools to help global macro players stay on top of financial markets

Enterprai - the AI-powered SaaS workstation for global macro professionals, pioneering predictive analytics for FX and fixed income markets - today launched a set of products offering global macro portfolio managers, traders, and analysts a new way to stay on top of financial markets.

08 November 2021

Company update/retail

Meridian Trust Federal Credit Union picks Scienaptic AI for credit decisioning

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Meridian Trust Federal Credit Union has selected its AI-powered platform, enabling the credit union to augment its underwriting capabilities to make faster credit decisions, increase loan approvals and support the financial goals of its members.

08 November 2021

Company update/payments

Dubai First taps flybits and Mastercard for AI-based personal services

Today, Dubai First, which offers consumer services under First Abu Dhabi Bank (FAB), and Mastercard introduced an experiential consumer engagement platform for the first time in the Middle East and Africa region.

08 November 2021

Company update/retail

Singapore launches national programme for artificial inteliigence in finance

The National Artificial Intelligence (AI) Programme in Finance was launched today at the Singapore FinTech Festival x Singapore Week of Innovation and TeChnology (SFF x SWITCH) 2021 by Mr Heng Swee Keat, Deputy Prime Minister.

08 November 2021

News/cloud

CommBank leads $100 million Series E in H20.ai

Cloud-based artificial intelligence platform H20.ai has closed $100 million in Series E growth funding led by Commonwealth Bank of Australia.

08 November 2021

News/crypto

Deloitte: 64% of young collectors are interested in NFTs

Deloitte has just released the 7th edition of its Art & Finance report, which reveals that the majority of young collectors (those under 35) believe blockchain technology, big data, analytics, and artificial intelligence will transform the way business is conducted in the art world.

05 November 2021

Research/Artificial intelligence

Addressing the Poverty Premium: A data-led approach

05 November 2021 296 downloads

Company update/crypto

Coinbase to acquire customer support platform Agara

Today, Coinbase is announcing that we are acquiring Agara, an AI-powered support platform with operations in India and the US.

02 November 2021

Company update/regulation

Pelican platform selected by BNY Mellon for sanction screening and financial compliance

Pelican AI (pelican.ai), a global provider of Artificial Intelligence-powered payments and financial crime compliance solutions for banks and corporates, announced today that the Treasury Services business of leading global bank BNY Mellon is implementing its AI-based Pelican Secure Sanctions Self-Learning Optimization (SSLO) solution in the coming months to drive efficiency in their global sanction screening capabilities.

02 November 2021

Company update/retail

Levo Credit Union selects Scienaptic for AI-based credit decisioning

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Levo Credit Union has chosen its AI-powered platform, enabling the credit union to make faster loan approvals, reaching more members, increasing loan approval rates and enhancing member experience.

01 November 2021

News/wholesale

Wealthtech player Tifin raises $47m

Tifin, an umbrella group operating a host of AI-powered fintech businesses in the asset and wealth management industry, has hit a $447 million valuation off the back of a $47 million Series C funding round joined by Hamilton Lane and existing investors JP Morgan Asset Management, Morningstar and Broadridge.

29 October 2021

News/startups

Visa invests in card tech startup Deserve

Visa has followed Mastercard in investing in Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology.

28 October 2021

News/retail

Wells Fargo preps virtual assistant

Wells Fargo has rebuilt its mobile app, complete with a new AI-powered virtual assistant called Fargo.

26 October 2021

Company update/cloud

Insurtech Arturo joins AWS partner network

Arturo, an artificial intelligence-powered (AI) platform that derives property insights and predictive analytics from aerial and satellite imagery, today announced that it has joined the Amazon Web Services (AWS) Partner Network (APN).

25 October 2021

Company update/startups

Armilla AI launches on $1.5 million seed investment

Armilla AI, the first all-in-one AI governance platform that allows any business to prevent faulty AI and its consequences, today announced their company launch and $1.5M in funding.

21 October 2021

News/security

Anti-fraud startup Resistant AI raises $16.6 million

Resistant AI, a SaaS-based AI and machine learning security company that protects automated financial systems from manipulation, fraud and financial crime, has secured $16.6M in Series A funding.

20 October 2021

Company update/retail

SoFi and Pagaya team up

Pagaya Technologies Ltd. (“Pagaya”), a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.

18 October 2021