Latest Artificial Intelligence News: Finextra Research

OTP Group taps SambaNova for AI supercomputer

Hungary's OTP Group has teamed up with SambaNova Systems to build what they claim will be "fastest AI supercomputer in Europe".

10 November 2021

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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

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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

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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

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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

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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

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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

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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

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Plum rakes in $14m of new funding

Money management app Plum has sealed $14m of an expected $24m series A funding round.

15 October 2021

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Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

14 October 2021

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Sibos 2021: Swift, Deutsche Bank, Société Générale and C3.AI to collaborate on AI platform

On day two of Sibos 2021, representatives from Swift, Deutsche Bank, Société Générale and C3.AI took to the virtual stage to explore how collaboration and establishing a community between banks can support the deployment of artificial intelligence (AI) at scale.

12 October 2021

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Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

11 October 2021

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