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AI in Finance

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Tech Mahindra and Discai to Deliver AI-Powered Anti-Money Laundering Solution for Global Financial Institutions

Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced a strategic partnership with Discai, a BankTech company and 100% subsidiary of the KBC Group. The partnership will deliver a comprehensive, AI-powered Anti-Money Laundering (AML) solution that is developed, tested and validated to enhance transaction monitoring and ensure…

FinTech · SEP 12, 2024 · 2 min read

TaxGPT: Revolutionizing the Accounting Industry with AI

TaxGPT: Revolutionizing the Accounting Industry with AI In a groundbreaking development, TaxGPT, an AI-powered tax co-pilot, is set to transform the accounting and tax industry by significantly boosting productivity and profitability. Co-founded by Kashif Ali and Isabella, TaxGPT aims to address the critical shortage of accountants in the USA, where over 340,000 positions remain unfilled….

Artificial Intelligence · AUG 27, 2024 · 2 min read

IBM Unveils AI-Boosting Processor Innovations for Next-Gen Mainframes

IBM (NYSE: IBM) has revealed key architectural details of its upcoming IBM Telum II Processor and IBM Spyre Accelerator at the Hot Chips 2024 conference. These innovations are designed to significantly increase processing capacity across the next generation of IBM Z mainframe systems, enabling the efficient deployment of AI models, including Large Language Models (LLMs)…

Artificial Intelligence · AUG 26, 2024 · 1 min read

Lama AI and Bridge Forge Strategic Partnership to Transform Commercial Lending Distribution

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…

Artificial Intelligence · AUG 22, 2024 · 2 min read

AI’s historic role in fighting ‘friendly fraud’

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…

Artificial Intelligence · AUG 20, 2024 · 4 min read

AMD to Expand Data Center AI Capabilities with Acquisition of ZT Systems

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…

Artificial Intelligence · AUG 20, 2024 · 3 min read

IBM Launches New Lightweight AI Engine Targeting Enterprises and SMBs

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…

Artificial Intelligence · AUG 15, 2024 · 1 min read

PayZen Closes $232M Series B to Revolutionize Healthcare Affordability with AI-Powered Solutions

PayZen, a leading technology company focused on addressing healthcare affordability, has announced the successful closing of an oversubscribed $232 million Series B funding round. The round was led by New Enterprise Associates (NEA), with full participation from existing investors including 7wireVentures, SignalFire, and Viola Ventures. This funding includes $32 million in equity and a $200…

Venture & Investment · AUG 14, 2024 · 2 min read

CMA Launches Probe into Amazon’s $4 Billion Investment in AI Firm Anthropic

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,…

Artificial Intelligence · AUG 9, 2024 · 1 min read

HARMAN And Celonis Partner To Enhance Process Intelligence With AI-Powered Insights For Enterprises

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…

Artificial Intelligence · JUL 29, 2024 · 2 min read

Bud expands into Europe

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….

Artificial Intelligence · JUL 22, 2024 · 2 min read

Sinch Introduces Sinch AI: Revolutionizing Customer Engagement with Intentional Intelligence

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….

Artificial Intelligence · JUL 17, 2024 · 3 min read