Artificial Intelligence

Jumio, Monzo Partnership Grows to New Heights

Jumio today announced a new multi-year agreement with Monzo, further strengthening a long-standing partnership of hypergrowth between the leading AI-powered trusted identity as a service provider and one of the UK’s top digital banks. Read more »

Wolters Kluwer and Chartis Research to Explore Benefits of Artificial Intelligence for Managing Regulatory Change

Experts from Wolters Kluwer’s Compliance Program Management (CPM) business and Chartis Research will discuss ways in which financial services firms can tap the power of Artificial Intelligence (AI) to more effectively manage their regulatory compliance obligations in a webinar, “Leveraging AI for Regulatory Change,” on Tuesday, June 4, 2019 from 10-11 a.m. EDT. Read more »

UiPath Raises $568 Million Series D Funding Round

The leading robotic process automation (RPA) company, UiPath, is blazing a path to an “automation first” era, closing its Series D investment round, raising $568 million at a post-money valuation of $7 Billion. This was led by Coatue and joined by Dragoneer, Wellington, Sands Capital, and funds and accounts advised by T. Rowe Price Associates, Inc. Read more »

Vickers Venture Partners invests in San Francisco Visual AI Training Company Chooch.AI

Chooch.AI,  an artificial intelligence training platform for visual recognition, has raised a $2.8 million seed round led by venture capital firm Vickers Venture Partners. Read more »

Yooz leverages Artificial Intelligence to help UK businesses tackle invoice fraud

Yooz, an international provider of intelligent P2P software in the Cloud, today announced the launch of YoozProtect, a new functionality to assist in the automatic detection of fraudulent and forged documents and enhance regulation compliance for UK businesses. Read more »

Accuity Launches AI-Powered Financial Crime Compliance Screening to Detect and Prioritise Highest Risk Individuals

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process. Read more »

NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI

NICE Actimize  announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest addition to the Actimize Autonomous AML solution set that leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Significant reduction in operational costs are realized through the... more Read more »

Mastercard, Kuok Ventures and SGInnovate invest in AIDA startup

AIDA Technologies, the AI and predictive analytics provider, today announces that Mastercard, Kuok Ventures and SGInnovate have invested in the company in a Series A funding round. AIDATechnologies (“AIDA”) was founded in Singapore in late 2016 by a team of award-winning data scientists from Singapore’s top information and communications technology research institute. The company develops advanced solutions that integrate with customer workflows... more Read more »

Taulia Announces Partnership with Google Cloud to Solve Invoicing with AI

Taulia, a leading fintech company, partners with Google Cloud to launch AI-powered invoicing solution. Read more »

FICO Named a leader in AI for Financial Services

FICO, a leading analytics company, today announced that it has been named a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape report from Chartis Research. FICO was named a category leader in both AI analytics and packaged AI applications. A supplementary report, Vendor Analysis: FICO; Artificial Intelligence in Financial Services, 2019, takes a more detailed look at FICO’s rating and capabilities. Read more »

A Roadmap to the Future of Insurance: Real-World Case Studies and Expert Analysis from QBE, USAA, Hippo and more at Insurance AI & Analytics USA

2018 saw unprecedented advances in the investment and deployment of artificial intelligence capabilities within the insurance industry, and 2019 promises to be no different. With the Insurance AI and Analytics USA Summit kicking off in Chicago, May 2-3, we spoke to some of our speakers to gauge their thoughts on the challenges insurance carriers face in implementing AI, and how the summit will help insurance carriers address these issues through... more Read more »

Temenos launches Data Lake to fuel next-generation AI-driven banking applications

Temenos (SIX: TEMN), the banking software company, today launched Temenos Data Lake and is first to market with a robust, productized data lake that integrates big data analytics into its banking software. Temenos Data Lake delivers out-of-the box data integration, preparation and optimization to power AI-driven banking applications. Read more »

Tinkoff Group builds the most powerful supercomputer among financial institutions for AI applications

 Tinkoff Group built its own supercomputer in line with its AI First strategy and ambition to develop a platform for machine learning and artificial intelligence.    The Kolmogorov cluster is designed to quickly train models on large datasets built since the company’s inception 13 years ago. Fast connections between computer nodes improve the efficiency of hardware resources in distributed training on huge data sets.  Read more »

AI IS THE NEXT TECHNOLOGICAL REVOLUTION, BUT FINANCIAL SERVICE INFRASTRUCTURE ISN’T PREPARED FOR THE SURGE

Over one-third of IT decision makers in the UK’s largest financial services companies believe that AI will transform the industry in the next decade, but the same percentage admit that their infrastructure is not prepared for the transformation, a new survey conducted by Digital Realty reveals.  Read more »

Leading Brazilian healthcare company uses AI to forecast demand

Grupo Fleury, one of Brazil’s largest diagnostic medicine companies, has created an automated demand planning management platform – the Fleury Forecaster – with the help of FICO® Xpress Insight. Using this platform, Group Fleury has slashed the time needed to create a sales forecast. Forecasts have also become more accurate and granular in detail, with the overall margin of error now less than 10 percent. For its achievements, Grupo Fleury has... more Read more »

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