Tag: Machine Learning
Lendbuzz, shaking up auto finance with AI, secures $125m from RBC
Lendbuzz, an AI-powered FinTech company revolutionising the automotive finance market, has recently made headlines.
CMFG Ventures backs DataVisor, targeting fraud in the credit union sector
DataVisor, a global pioneer in online fraud detection and financial services risk management, has secured strategic funding from CMFG Ventures, the venture capital subsidiary of CUNA Mutual Group.
Osavul raises $1m to tackle information manipulation with AI-based solutions
Osavul, a Ukrainian information security company, announced that it had successfully raised $1m in a funding round led by SMRK, a Ukrainian venture capital fund.
Digital fraud detection pioneer BioCatch welcomes Permira Growth Opportunities as major...
BioCatch, the pioneer in behavioral biometrics intelligence and a global leader in digital fraud detection, has recently announced that Permira Growth Opportunities has acquired a significant minority stake in the company.
How tech is boosting sales and improving customer experience
Artificial Intelligence (AI) has become a pivotal force in the retail sector, offering an innovative solution to the daunting challenge faced by retailers. Scanbot...
Revolutionising insurance data entry with the EHIC Scanner SDK
In the fast-paced InsurTech landscape, enhancing user experience and data accuracy are paramount. An ever-increasing number of insurance providers are embracing mobile apps and digital client platforms to facilitate a smoother transfer of sensitive data.
Are regulatory constraints hindering machine learning development?
A Bank of England survey has found UK financial companies blame a lack of regulatory clarity and legacy systems for hampering the deployment of machine learning technology.
90% of financial services see rising compliance costs – SteelEye survey...
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.
OECD offers policy recommendations for AI regulation in financial services
The Organisation for Economic Co-operation and Development (OECD) has published a new report offering policy advice on the regulation of AI in financial services.
Research anticipates quantum computing boom in financial services by 2026
A report has found that sales of quantum computers and related services to the financial services industry will total $450m by 2026.