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artificial intelligence

·Feb. 6, 2020

Cambridge Centre for Alternative Finance Releases Report on AI in Financial Services

The Cambridge Centre for Alternative Finance is a leading provider of research and reports on fintech across the globe; their...

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Fintech News Roundup

·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

·Feb. 3, 2017

Chart: 100 AI Startups

Artificial intelligence is being utilized across all industries with new startups offering innovative market solutions; in January CB Insights released a list of 100 top artificial intelligence startups; Zoox tops the list as the most well-funded company with total funding of $290 million; it is also a fintech unicorn with a valuation of over $1 billion; among venture capitalists, Data Collective has emerged as a top investor partnering with 14 companies from the list for venture capital investment. Source

100 AI Startups

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Fintech News Roundup USA

·Dec. 18, 2017

Chatbots Becoming an Everyday Part of Bank Customer Service

With AI and machine learning technology becoming better banks of all sizes have started to employ chatbots with more regularity; Crowdfund Insider takes a look at 5 banks employing the technology; banks include Bank of America’s Erica, Swedbank’s Nina, Capital One’s Eno, SEB’s Aida and Wells Fargo; in most cases the chatbots help with simple tasks like checking balances, paying bills and finding the closest ATM. Source.

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Fintech News Roundup

·Dec. 20, 2017

Chinese CSRC Official Says Better Legislation Needed for Fintech

A senior Chinese regulatory official said the country needs to come up with better legislation to monitor the market; "FinTech innovations that feature internet, big data and artificial intelligence are exerting profound influence on capital markets," said Huang Wei, assistant chairman of the China Securities Regulatory Commission, at a forum reported by Xinhua; the regulations need to catch up with innovation and ensure that investors are protected. Source.

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Fintech News Roundup USA

·Feb. 3, 2020

Capital One Hopes Eno’s Proactiveness Can be a Game Changer

Automated digital assistants has become must have in financial services as more banks have started to roll out products to...

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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 USA

·Apr. 23, 2020

Chatbot Providers Add COVID-19 Skill Amid Growing Demand

Chatbot providers Kasisto, Clinc and Finn AI have started to add coronavirus to their set of skills for banks to...

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Asia/Pac Fintech News Roundup

·Apr. 24, 2017

Chinese AI Firm SenseTime Raises $60mn

SenseTime has raised $60 million to support artificial intelligence technology development for the firm; SenseTime provides face recognition technology services to over 300 companies and also offers text, vehicle and image recognition; the firm's recent $60 million funding round was led by Shanghai-based Sailing Capital International. Source

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Fintech News Roundup USA

·Mar. 13, 2018

Clinc Launches New Self Service platform for Banks

Conversational AI provider Clinc has launched a new self service platform for banks called Spotlight; Spotlight will help financial institutions train and deploy conversational AI at their firms; the platform is available in more than 80 languages and can be integrated into contact centers, mobile apps, Alexa, Google and Facebook Messenger; they are already working with USAA and Isbank in Turkey. Source.

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