Tag: AI

RegTech Naq secures €3m in oversubscribed round

European automated compliance platform Naq, has successfully secured a significant €3m (£2.6m) investment, marking a pivotal step in the advancement of healthcare and medical compliance across the UK and the EU.

Emerging AI tech amplifies ransomware dangers, NCSC warns

In a report by the NCSC, a warning has been issued about the growing threat of ransomware amplified by AI advancements.

FundPark secures $500m in asset-backed facility from Goldman Sachs

FundPark, a trailblazing FinTech company specialising in empowering digital entrepreneurs, has successfully closed an impressive asset-backed securitisation facility amounting to $500m.

Key Australian FinTech investment stats in 2023: • Australian FinTech deal activity reached 93 transactions in 2023, a 17% reduction from 2022 • Australian FinTech companies...

Navigating AI hype: Precision LLMs transforming risk management

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively. Enter Large Language Models (LLMs) like GPT-4 – the new frontier in AI, sparking a revolution in fields such as natural language processing (NLP). Despite the inherent risks associated with emerging technologies, the potential of LLMs to significantly contribute to future risk assessment products is becoming increasingly evident.

Is it time to move beyond traditional Intelligent Document Processing (IDP)?

The FinTech landscape has witnessed remarkable evolution over the years, with advancements in Artificial Intelligence (AI) driving significant transformation. One noteworthy segment of this evolution is Intelligent Document Processing (IDP), which has recently given way to the emergence of a $5bn-plus market known as Intelligent Document Processing (IDP). Customer Experience Automation (CXA) firm Ushur explores this shift. 

InsurTech Innovators: Battle for £50k prize at Norton Rose Fulbright’s 7th...

Norton Rose Fulbright, a global law firm, is currently inviting entries for its seventh Insurathon, an illustrious competition that fosters innovation in the InsurTech sector by supporting start-up and scale-up technology businesses.

UnionBank Partners with Informatica for AI-Powered Customer Experience Transformation

UnionBank of the Philippines, a leading universal bank in the country, has embarked on a pivotal partnership with Informatica, a prominent enterprise cloud data management leader.

Understanding the impact of EU’s AI Act on financial services

The EU made a significant move towards regulating artificial intelligence (AI) by tentatively agreeing on the terms of the AI Act.

AI’s double-edged sword: Boosting efficiency or hinderance in disguise?

In a recent post by RegTech firm Saifr, the firm took a deeper dive into conflicting research about the capabilities of AI. The realm of...

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