Tag: AI

Talk of artificial intelligence was once an exciting prospect. The idea of bringing a hallmark of sci-fi fantasies into the real world sparked a lot of enthusiasm. While systems might not quite be on the same level as HAL from 2001: A Space Odyssey, the technology has brought a lot of changes to how businesses operate.

Vic.ai, an AI accounting firm, has landed $52m in a Series C investment round led by GGV Capital and ICONIQ Growth.

Deutsche Bank has signed a multi-year agreement with NVIDIA to speed up the use of AI in financial services.

FinTech Global has announced the second annual AIFinTech100 list, which recognises the FinTech companies leveraging AI in revolutionary ways.

AI-powered financial fraud detection spending will exceed $10bn by 2027 as firms try to cope with increasingly complex attacks, according to a report from Juniper Research.

While AI is the top of technoogy discussions, there is still uncertainty around it. Aveni recently hosted a webinar AI: Why an executive understanding is so important, which can be watched here. It featured a discussion between natural language processing (NLP) scientist Dr Lexi Birch and Aveni COO Jamie Hunter.??

India-based Lentra, which offers AI-powered lending services, has reportedly collected $60m for its Series B funding round, which values the business at $400m.

Face biometric verification and authentication technology developer iProov has partnered with AI-powered computer vision software provider Microblink.

Axyon AI, an AI provider for the asset management market, has scored €1.6m in a funding round headed by Fondo Rilancio Startup.

In its most recent Consumer Duty Solutions Series Webinar, RegTech firm Aveni examined what a data-driven regulator expects from a company in light of consumer duty.