Five Sigma, a prominent AI claims management software company, has introduced the insurance industry’s first AI-powered Insurance Adjustment Agent, Clive™. This innovation is set to transform claims processing by using artificial intelligence and automation to boost efficiency, accuracy, and reduce costs, according to InsurTech Insights. Clive™ provides extensive automation capabilities throughout the entire claims lifecycle, from...Read More
Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners. The investment elevates Xapien’s total funding to $17.8m. With this new capital, Xapien is set to continue revolutionizing the way businesses conduct due diligence. The company’s plans include accelerating the development of its advanced...Read More
Aspen Insurance Holdings Limited, a prominent global insurance and reinsurance company, has launched a new platform designed to advance its digital strategy and drive its data and artificial intelligence agenda forward. The offering, known as Aspen Data Labs, was created to support the company’s ambition to place a greater focus on data and technology. The...Read More
Gupshup, known as the world’s leading Conversation Cloud, and Tonik Bank, the first digital-only neobank in the Philippines, have joined forces to create a pioneering Generative AI chatbot for the Tonik mobile app. The partnership aims to revolutionize digital banking by providing Tonik’s customers with instant and precise responses to their banking inquiries, enhancing user...Read More
Environmental, Social, and Governance (ESG) considerations are becoming increasingly central to corporate strategies. Companies and investors are prioritizing ESG factors to drive sustainable and ethical decision-making processes. As ESG analysis becomes more prominent, it’s essential for stakeholders to stay informed and ahead of industry trends. IntellectAI, a provider of personalised wealth advisory and risk management...Read More
Imagine an insurance industry where decisions are made with the speed and precision of a machine, yet imbued with the empathy and discernment of a human. This is not a futuristic dream but a present-day reality being shaped by the integration of AI in insurance underwriting. As AI takes on more significant roles, automating data-intensive...Read More
The role of artificial intelligence is continuing to evolve within the FinTech sector. As firms get to grips with the technology’s potential, many stakeholders are attempting to figure out what comes next. One particular area that is ripe for disruption is customer onboarding. A practice that can at times be slow, arduous and burdensome, the...Read More
In the ever-evolving landscape of the FinTech industry, companies strive to stay ahead by embracing innovative technologies that enhance operational efficiency and customer satisfaction. One such FinTech giant, renowned for its revolutionary payment solutions and merchant-focused technology, embarked on a transformative journey to address its growing operational challenges. AI-powered automation specialists Simplifai explains how it enhanced the...Read More
In the evolving landscape of sustainable investing, Generative Artificial Intelligence (AI) is becoming a cornerstone for improving Environmental, Social, and Governance (ESG) frameworks. By transforming how data is managed, analyzed, and utilized, Generative AI offers substantial promise for those committed to enhancing their investment practices with sustainability at the core. IntellectAI, which offers tools for...Read More
One technology that has without a doubt caught fire in 2023 is artificial intelligence. The debut of OpenAI’s ChatGPT Generative AI platform earlier this year has offered a springboard for new companies to innovate and disrupt the financial market like never before. During the recent AI in Financial Services Forum in London, key industry experts...Read More
