Tag: AI

Founded in 2018, RegTech firm Aveni claims it is leading a new era of risk assurance by enabling 100% digitisation and automation of the quality assurance process. The firm analyses every customer interaction to drive enhanced data insights, comprehensive risk oversight and process automation.

There is a key topic that banks across Europe are asking right now: how can they make artificial intelligence explainable?

AI-driven cybersecurity platform Muninn has raised €2.5m in its seed funding round, which was led by Luminar Ventures.

Kasisto, which offers digital assistants, has raised $15.5m in its Series C extension round, which was led by Fidelity Information Services and Westpac Banking Corporation.

AI-powered compliance company Ascent has teamed up with Onspring, a cloud-based business automation and real-time analytics platform.

With money laundering, terrorist financing and other financial crimes rising in an increasingly digitised world, the use of cutting-edge technology to deal with it is growing.

While AI has become a crucial part of the financial sector, 78% of UK financial services leaders are unable to keep pace with the speed of model and data growth.

Digital customer service unicorn Glia has acquired AI-powered chatbot platform Finn AI.

Nine in ten financial services firms have reported an increased compliance cost over the past five years, with 10% saying costs have doubled, according to research from RegTech firm SteelEye.

Aveni.ai, a Scottish AI FinTech firm, has raised £2.75m in a funding round headed by The TRICAPITAL Syndicate and Par Equity.