Atradius, one of the global leaders in credit insurance and risk management solutions, has won the prestigious IBS Intelligence Global Fintech Innovation award for Best Risk Management Implementation in the Best Adoption of Tools and Best Practices category. The company was recognized for its innovative utilization of artificial intelligence and machine learning using Temenos Explainable AI (XAI) to reduce risk
Hazy, a UK-based company, has raised $9 million in a Series A funding round to assist with commercializing synthetic data that can be used as a privacy-friendly substitute for real-world data. The funding round was led by Conviction, a venture firm that specializes in deep tech investment, and had participation from several other investors, including UCL Technology Fund, Microsoft, ACT
Artificial intelligence (AI) is revolutionizing the financial sector, making banking more efficient and effective than ever before. However, the rapid advancement of AI has also raised concerns about how it is being developed and used. Banks must take responsibility for their role in the development of responsible AI and ensure they remain transparent in how they apply it. A new
As two of the most transformative technologies of the 21st century, artificial intelligence (AI) and blockchain have captured the imagination of tech enthusiasts worldwide. However, their intersection has presented various challenges, including compatibility and regulatory issues, that need to be addressed for further innovation in the crypto industry. The Intersection of AI and Blockchain Although AI and blockchain share similarities
The impact of identity theft on the fintech industry is a growing concern. With the rise of digitalization, the risk of fraud has become increasingly prominent. Identity theft can result in massive losses due to fraudulent transactions, stolen funds, and reputational damage. According to a study by Javelin Strategy & Research, in 2019 alone, over 16 million Americans were victims
Quantifind is a provider of advanced financial crime risk management technology that has recently secured a $23 million investment round led by DNS Capital with additional contributions from US Venture Partners, Valor Equity Partners, and S&P Global. This infusion of capital has allowed the firm to extend its reach into foreign countries, boost its global brand recognition, and improve its
VASS, a leading provider of financial services in the UK and Ireland, recently announced their strategic partnership with psKINETIC, a global leader in intelligent automation technology. This collaboration seeks to bring VASS’s customers the latest cutting-edge technology in the financial services industry, allowing them to get the most out of their investments while still providing an excellent customer experience. Javier
