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artificial intelligence

·Apr. 7, 2017

CB Insights on Artificial Intelligence

CB Insights has released a market report on artificial intelligence; the report includes the market landscape, market statistics and an outlook for future growth; in the first quarter of 2017 the sector reported 30 artificial intelligence deals in fintech and insurtech with 48% of the deals by seed or angel investors; other highlights include $14.9 billion in equity funding from 2,250 deals since 2012, over 200 artificial intelligence acquisitions since 2012 and 11 artificial intelligence acquisitions by Google. Source

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Fintech News Roundup

·Mar. 31, 2017

AI Acquisitions Since 2012

CB Insights reports on artificial intelligence (AI) startups that have been acquired since 2012; top acquirers include Google, Apple, Facebook and Intel; 200 AI companies have been acquired since 2012 and the first quarter of 2017 reported 34 AI acquisitions including the largest deal from Ford which acquired Argo AI for $1 billion. Source

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Asia/Pac News Roundup Online Lending

·Mar. 28, 2017

Yongqianbao Develops New Credit Service Powered by AI

Chinese fintech startup Yongqianbao has developed an artificial intelligence (AI) solution that automates credit underwriting through data-mining algorithms and AI; the fintech company will offer the service to the under-served sector; the company is currently training an AI model with over 1,000 factors for credit underwriting assessments; the firm is planning for a Series C investment round and will offer 24/7 automated credit when the platform's model is fully developed. Source

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Fintech News Roundup

·Mar. 23, 2017

IBM is Betting on Cloud, Artificial Intelligence and Blockchain

At IBM's InterConnect conference this week in Las Vegas the company discussed its plans for cloud, artificial intelligence and blockchain, three areas that it will be increasingly focusing on for the future; the IBM Cloud will be the base of the growth strategy with artificial intelligence and blockchain driving a full range of capabilities. Source

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Fintech News Roundup

·Mar. 13, 2017

Google’s AI Unit is Developing a Blockchain Solution for Healthcare

Google's artificial intelligence unit, DeepMind, is using blockchain technology to build an auditing system for analyzing and storing healthcare data; the system will mainly focus on tracking all of a person's hospital health data and centrally storing it for access and ownership by individuals; DeepMind will also make its system available through open source software allowing for the technology to be utilized for broader solutions including auditing identities, financial records and private corporate data. Source

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Fintech News Roundup

·Apr. 4, 2017

Chart of the Week: CB Insights Reports on AI in Fintech

CB Insights has provided a market map of artificial intelligence (AI) companies in fintech; the map is grouped by nine categories; top companies using innovative AI solutions for credit scoring and direct lending include Affirm and ZestFinance; the analysis also provides insight on each of the firm's investors. Source

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Fintech News Roundup

·Mar. 30, 2017

Insurtech Investment in AI and IoT

According to a new report from Accenture, nearly half of investment in insurtech startups globally is going towards artificial intelligence (AI) and internet of things (IoT) technology; the report, titled, "The Rise of InsurTech," includes analysis from CB Insights data on 450 insurtech deals over the last three years; the report was released with the launch of Accenture's Fintech Innovation Lab in London, which will include a focus on insurtech. Source

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Fintech News Roundup

·Mar. 27, 2017

DataRobot Raises $54mn for Machine Learning Business

DataRobot has raised $54 million for its machine learning technology service that can plug in and provide intelligence to any type of business; the $54 million funding round was led by existing investor New Enterprise Associates; the new funding brings total capital raised to over $100 million. Source

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Asia/Pac Fintech News Roundup

·Mar. 17, 2017

Baidu’s Efforts in Artificial Intelligence

Baidu is active in artificial intelligence (AI) development and could provide an investment channel for investors seeking to gain from the innovative technology; the company is integrating AI into nearly all aspects of its business and in September launched artificial intelligence platform "Baidu Brain" which integrates AI in search, news feeds, maps, Nuomi and PostBar; the firm is also evolving AI for healthcare and actively developing autonomous driving solutions powered by AI; overall, its business model can easily integrate AI while it also provides products for AI entrance in other markets. Source

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Fintech News Roundup

·Mar. 8, 2017

Brian Walter Provides Insight on Watson and IBM’s Cognitive Solutions

As the global leader in cognitive solutions, IBM's Watson is one of the top artificial intelligence offerings for financial services companies; Brian Walter is IBM's Global Leader of Watson Client Insights and Cognitive Experience for the company's Watson Financial Services Solutions group; Brian Walter gave a keynote speech on Tuesday at LendIt USA and also talked with Forbes about how artificial intelligence is changing the financial world; in his interview with Forbes he discusses the use of cognitive solutions for financial services compliance, customer service and customer acquisition; also talks about IBM's cognitive solutions for supporting banks, fintechs and developers. Source

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