Tag: Generative AI

Key Singaporen FinTech investment stats in Q3 2023 • Singapore’s FinTech deal activity reached 25 transactions in Q3 2023, a 59% drop YoY • FinTech capital...

FinTech and InsurTech are rapidly evolving, consistently introducing game-changing technologies, among which embedded AI and generative AI stand prominently. These advancements aren’t mere buzzwords but rather critical tools altering the landscape of commercial and specialty insurance, particularly in the realms of underwriting and customer experience.

DataVisor, renowned as the globe's top AI-driven fraud and risk platform, has stepped into the spotlight once again. In a bid to dramatically boost the...

Conveyor, described as the premier AI-powered platform that simplifies, automates, and magnifies customer security reviews, has made headlines with its recent investment news. The company...

Position Green, the largest independent sustainability partner in the Nordic region and a pioneer in ESG transformation, is taking a significant stride towards reshaping ESG reporting with its innovative AI Analyst feature.

Unless you’ve spent the past year under a rock, you’ll be aware of the excitement for generative AI. While many have used the technology to write emails, do homework or create CVs, generative AI could be one of the most transformative technology stacks to businesses. Laila Beane, the chief marketing officer at IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, recently delved into generative AI’s impact on insurance.

Cambridge-based FinTech Unitary AI has announced a substantial Series A funding round, amounting to $15m.

The European Central Bank is exploring the use of ChatGPT-like large-language models for document analysis and software testing.

France’s Mistral AI has announced its first Generative AI model to compete with US leaders in the space.

Tradition is something to be honoured, but not at the expense of progress. In recent years insurance carriers have moved away from paper forms, and instead implemented digitalisation throughout their product. But there is more to come. In particular, the digital transformation of underwriting still remains a key headache.