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UK’s digital watchdogs take a closer look at algorithms

Every day, we access services that process data using a wide variety of automated systems.

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Temenos to offer explainable AI on Oracle Cloud

Temenos (SIX: TEMN), the cloud banking platform and member of Oracle PartnerNetwork (OPN), today announced that Temenos Explainable AI (XAI) will be offered on Oracle Cloud Infrastructure (OCI).

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Aviva deploys Tractable AI to assess motor damage claims

Aviva, one of the largest insurers in the UK, has signed an agreement with Tractable to improve the accuracy and efficiency of UK motor claims by using artificial intelligence (AI).

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SME Finance ships AI-powered revenue-based financing product

SME Finance, the fintech reinventing growth financing for small- and medium-sized enterprises, has launched Smart Loan — a revenue-based financing solution offering a fairer, faster AI-powered service for startups and SMEs, including e-commerce sites, seeking unsecured lending up to €50,000.

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Banca Sella speeds up onboarding with Fido

Speeding up the opening of an online-current account, significantly reducing execution time and manual control activities thanks to an Artificial Intelligence-based algorithm.

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QuadFi scores $100m financing facility with Crayhill Capital Management

QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.

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Opsmatix appoints Dan Kramer as CEO

Opsmatix, an innovative fintech providing AI-powered unstructured communications management solutions, announces the appointment of New York-based seasoned finance and technology executive Dan Kramer as CEO.

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TransUnion picks Provenir for AI-powered risk decisioning

Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution Program.

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OTP Bank signs with Flowx.AI

OTP Group, one of the largest independent financial services companies in Central Europe, announced today that it partnered with FLOWX. AI, the low-code/no-code provider in the enterprise space, to accelerate and reshape its digital experiences for customers and employees.

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Carefull and Nationwide team up to support 'financial caregivers'

Carefull, the first digital platform built to protect the daily finances of older adults, today announced a pilot program with Nationwide and their Innovation team, leveraging access to Carefull’s safe money monitoring technology.

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Jia Finance raises $5m to help Asian investors get US residential mortgages

Jia Finance, an online residential mortgage platform for foreign investors, is now scaling its offering in the U.S. for international buyers and announcing its $5 million seed round of funding.

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More than 90% of European fintechs will adopt AI-enabled risk decisioning to combat fraud - Provenir

According to the latest study from Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, fraud prevention is the biggest driver for investments in AI-enabled risk decisioning this year.

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