Tag: Machine Learning

4 critical AML use cases for AI

The relentless advancement of artificial intelligence (AI) in banking is a game-changer in the ongoing war against financial crime. Financial institutions of every size...

Einblick joins Databricks: Revolutionizing data intelligence with AI-driven platforms

Databricks, a leader in big data analytics and artificial intelligence, has officially welcomed Einblick, a trailblazing startup known for its innovative AI-native collaboration platform.

Trinity Capital backs Kafene with $15m, fuelling expansion in point-of-sale solutions

Trinity Capital, a notable player in the provision of diversified financial solutions, has invested $15m in growth capital to Kafene.

The role of Machine Learning explainability in insurance

In the dynamic realm of insurance, a silent revolution is underway, orchestrated not by charismatic CEOs or flamboyant disruptors but by the enigmatic force of machine learning (ML). These complex algorithms have become insurance industry oracles, predicting claims and determining premiums with uncanny accuracy.

Navigating the EU AI Act: A strategic guide for AML and...

The upcoming Artificial Intelligence (AI) legislation, notably the European Parliament's Artificial Intelligence Act, is poised to redefine the regulatory landscape for financial institutions. Touted...

Bastille Networks seizes $44m Series C funding, led by Goldman Sachs...

Bastille Networks, a trailblazer in the realm of wireless threat intelligence technology, proudly announces a momentous Series C funding of $44m.

Python in insurance: Paving the way for actuaries and insurers

The insurance sector, traditionally slow in embracing modernisation, is progressively adopting programming languages to refine workflows and bolster decision-making capabilities. Among these, Python has...

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.

WealthArc and ZeroLink join forces to revolutionise wealth management with advanced...

WealthArc, a distinguished provider of wealth data management solutions, has entered into a strategic partnership with ZeroLink, an innovator in neurosymbolic KGQA technology.

The future of KYC: Adapting to new challenges in the banking...

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.

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