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Lama AI, an award-winning AI-driven origination technology provider for the financial industry, is excited to announce a strategic partnership with Bridge, a leading digital platform that connects business owners with a wide network of lenders. This partnership allows Lama AI customers to tap into Bridge’s extensive marketplace, providing access to a variety of business loan…
Global losses to payment fraud have surged to $48 billion USD in 2023, and payment companies around the world are under more pressure to leverage new and existing technology to tackle this problem. Experts at leading chargeback technology platform Chargebacks911 report that AI is one of the key drivers to combat emerging payment threats and prevent disputed transactions. When a…
AMD (NASDAQ: AMD) today announced the signing of a definitive agreement to acquire ZT Systems, a leading provider of AI infrastructure for the world’s largest hyperscale computing companies. The strategic transaction marks the next major step in AMD’s AI strategy to deliver leadership AI training and inferencing solutions based on innovating across silicon, software and systems. ZT…
IBM has introduced a new “Lightweight Engine” for its WatsonX.ai service, aimed primarily at enterprise users but also designed to provide a secure and scalable solution for small to mid-sized businesses (SMBs), especially in emerging sectors like fintech. This innovation enables companies to deploy generative AI in-house, effectively sidestepping potential regulatory hurdles that cloud solutions…
The U.K. Competition and Markets Authority (CMA) has initiated a “Phase 1” investigation into Amazon’s $4 billion investment in U.S.-based AI firm Anthropic. The investigation will determine whether the partnership, which involves making Anthropic’s AI models available on Amazon’s Bedrock platform, could harm competition in the U.K. Amazon, which completed the investment earlier this year,…
HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer, and enterprise markets, along with its Digital Transformation Solutions business unit, today announced a partnership with Celonis, the global leader in Process Mining and Process Intelligence, to make enterprise processes smarter, more efficient and more effective. This collaboration combines…
Bud Financial (Bud) is thrilled to announce the expansion of its AI platform for personalised banking into Europe, having secured an account information service (AIS) licence through the Bank of Lithuania. This strategic move capitalises on the advantages of ‘passporting’, allowing Bud to operate regulated services throughout Europe, with a regional office and hub in Lithuania….
Sinch which is pioneering the way the world communicates through its Customer Communications Cloud, today announced the debut of Sinch AI. This groundbreaking capability equips forward-thinking businesses with advanced tools to craft smarter, safer, and more efficient conversational experiences, setting them apart in an increasingly competitive market. In today’s fast-paced business environment, the challenges are immense….
The agreement is a multi-year partnership to provide access to current and future Mistral AI commercial models across all the bank’s business lines. It follows a relationship dating back to September 2023 when the Global Markets division of BNP Paribas began experimenting with Mistral AI’s models. This first engagement produced strong results and, as a consequence,…
Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, announces the launch of its Synechron Nexus Plus Accelerators Program . This features five AI-led solutions engineered to tackle some of the most pressing business and operational challenges faced by corporates today, ensuring significant advancements in capital raising, corporate development, and public…
Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today released its Q2 2024 Digital Trust Index, which found that 76% of fraud and risk professionals believe their business has been targeted by AI fraud, with over half reporting this type of fraud happening daily or weekly. The emergence and increased adoption…
Lucinity has launched a groundbreaking generative AI copilot plugin at Money2020 Europe, offering immediate ROI for financial institutions. This system-agnostic plugin acts as a central copilot compatible with all web-based enterprise applications, pulling data from Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents. The new plugin enhances Lucinity’s AI copilot, ‘Luci,’ launched last year…
