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Latest Results from /ai

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Scotiabank brings machine learning to chatbot

Scotiabank is bringing machine learning to its search function, prepping a chatbot that will be able to instantly answer complicated customer questions.

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AML regulations driving up compliance costs across UK

A new report by LexisNexis Risk Solutions has found that increased AML regulations, more so than criminal threats, are intensifying compliance costs for UK financial institutions.

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Universal shopping app nate raises $38m

Nate, an AI-based online shopping tool that centralises buys onto a single platform, has raised $38 million in a series A funding round led by Renegade Partners.

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Stripe launches ID verification tool; sees strong investor interest

Stripe continues to expand beyond payments, launching a tool that help internet businesses securely verify the identities of their users from over 30 countries.

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Aussie fintech BlackArrow moves HQ to Glasgow

Australian fintech player BlackArrow has chosen Glasgow as its new headquarters after securing financial support from the Scottish government.

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HSBC unveil AI-powered equity index structured product

HSBC has added an AI-powered equity index structured product to its wealth offerings in Hong Kong.

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Tinkoff rolls out voice assistant to non-customers

Tinkoff is making its voice assistant, Oleg, available to non-customers, giving all Russians access to the bot's non-financial services features.

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Sentinels raises EUR5.7m for transaction monitoring platform

Sentinels, the Dutch startup behind an AI-powered transaction monitoring system, has raised EUR5.7 million in a seed funding round.

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Truebill raises $45m for PFM app

Personal finance app Truebill has raised $45 million in a Series D funding round led by Accel and joined by Bessemer Venture Partners, Cota Capital and Eldridge Industries.

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After 'awful' AI tweets, Lemonade says it doesn't use phrenology

Insurance unicorn Lemonade has scrambled to reassure customers after a tweet thread boasting about its AI prowess led to worries that it was treating claimants differently based on physical characteristics.

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Fraudio raises $3.3m for fraud prevention platform

Fraudio, a Dutch startup that has developed a cloud-native centralised AI-powered payment fraud detection system, has raised $3.3 million in seed funding.

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Exegy and Vela merge

Exegy has merged with Vela Trading Systems, creating a global leader in low latency market data, trading platforms and predictive signals.