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Hong Kong central bank opens GenAI sandbox

The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the new Generative Artificial Intelligence (GenA.I.) Sandbox today (13 August) at FiNETech2, the second edition of the FiNETech series.

/ai

Intellect launches Purple Fabric to accelerate enterprise AI adoption for financial institutions

IntellectAI, a business unit of Intellect Design Arena Ltd focusing on cutting edge Artificial Intelligence technologies, announces the launch of Purple Fabric, a pioneering platform that accelerates enterprise AI adoption for financial institutions (FIs).

/ai

Okredo scores €1.2 million in EU funding for AI/ML-driven scoring system

Okredo, a company specializing in open data solutions, has secured €1.2 million funding from the EU for the development of a multi-modular AI/ML-driven scoring system valued at €1.5 million euros.

/ai

CIBC forms strategic AI collaboration with Creative Destruction Lab

CIBC today announced a strategic collaboration with Creative Destruction Lab (CDL), a nonprofit organization focused on empowering companies through innovation in AI technology.

/ai

Nice Actimize debuts Surveil-X Behavior to root out employee risks

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the introduction of SURVEIL-X Behavior, the newest AI-powered solution in its market-leading SURVEIL-X Holistic Employee Conduct Surveillance suite.

/ai

Taishin Bank collaborates with OneDegree Global on responsible AI

Taishin Bank, one of the largest commercial banks in Taiwan, has partnered with OneDegree Global, a leader in cybersecurity and risk management solutions, for a Proof of Concept.

/ai

Microsoft and Dlocal collaborate on financial AI

Microsoft and dLocal are thrilled to announce a landmark partnership to integrate cutting-edge Artificial Intelligence (AI) solutions into the financial technology (fintech) sector.

/ai

Rich Data Corp rounds out $37 million Series B with $9 million top up from Acorn Capital

Rich Data Co (RDC), an industry leader in artificial intelligence (AI) decisioning for business and commercial lenders, has secured a $9 million investment from Acorn Capital, a firm specialising in emerging companies.

/ai

Tuum forms partnership with ComplyAdvantage,

Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence.

/ai

European Artificial Intelligence Act comes into force

Today, the European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, enters into force.

/ai

Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

/ai

Fintech VC fund Cedar-IBSi Capital invests in Cogniquest

Early-stage FinTech VC fund, Cedar-IBSi Capital, has announced its first investment in Cogniquest, an AI-ML Intelligent Document Processing company that is seeking to focus on document automation for Financial Services institutions.

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