Category : Artificial Intelligence

Artificial Intelligence Fintech News

Global New Account Fraud Decreased 23% in 2020, According to Jumio’s Holiday Fraud Report

Fintech News Desk
by Fintech News Desk0
New data from Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, reveals that new account fraud based on ID verification declined 23.2% worldwide YOY in 2020, compared to 2019 results. At the same time, selfie-based fraud rates were five times higher than ID-based fraud. This illustrates the......
Artificial Intelligence Fintech Investment Services News

Vise, The AI-powered Investment Management Platform, Secures $45 Million Series B Funding Led By Sequoia

Fintech News Desk
by Fintech News Desk0
Vise, the all-in-one AI-powered investment management platform for independent advisory practices to build and manage portfolios, announced the close of its $45 million Series B funding round, bringing the total capital raised since Vise’s founding to over $60 million. Sequoia Capital led the Series B with participation from Allen & Company, Founders......
Artificial Intelligence Business Featured Fintech

Can Artificial Intelligence Improve the Debt Collection Process?

Paroma Sen
by Paroma Sen0
Artificial intelligence has rewritten the basics of every financial service, from retail banking to business lending, Artificial intelligence in fintech is now more than just an exciting concept; how is this technology revamping today’s debt collection process though? Moreover, are financial institutions capitalizing on their debt lending process with AI......
Artificial Intelligence Fintech News

While Global New Account Fraud Rates Fell by 23% in 2020, Fraud Rates in the UK Climbed 28%

Fintech News Desk
by Fintech News Desk0
New data from Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, reveals that new account fraud based on ID verification increased 28% in the UK YOY for 2020, while the global average fell 23% compared to 2019 levels. At the same time, selfie-based fraud rates were nearly......
Artificial Intelligence Business Fintech InsurTech News

Wakam Partners With Akur8 to Transform Their Insurance Pricing Process

Fintech News Desk
by Fintech News Desk0
Wakam and Akur8 are thrilled to announce their partnership, signed in November 2020, as a key milestone to enhance Wakam’s pricing process, illustrating both companies’ pledge to bring innovation within the insurance space to the next level. Read More: ApexEdge Launches Partner Portal – an Extensive Customer Experience Design and......
Artificial Intelligence Fintech InsurTech News

Citytwig’s Insurance Roadmap Intelligence Recognized as a Red Herring Top 100 North America Winner

Fintech News Desk
by Fintech News Desk0
Citytwig, a rapidly growing InsurTech developing novel Artificial Intelligence (A.I.) solutions for insurance carriers to understand their target insureds and achieve smart product distribution, has been selected as a winner for Red Herring’s Top 100 North America award, one of the technology industry’s most prestigious prizes. Given the recent shift......
Artificial Intelligence Business Fintech InsurTech News

Earnix Launches its Usage and Behavior-Based Insurance Offering

Fintech News Desk
by Fintech News Desk0
Auto insurers will now be able to operationalize usage and behavioral data to respond to changing consumer demand with agility and precision Earnix, a global provider of advanced rating, pricing, and product personalization solutions for insurers and banks, announced the launch of its Usage-Based Insurance (UBI) and Behavior-Based Insurance (BBI)......
Artificial Intelligence Banking Fintech News

Santander Consumer Bank Launches New Virtual Agent Powered by Boost.ai to Deliver AI-Assisted Customer Service to Danish Market

Fintech News Desk
by Fintech News Desk0
Denmark Banking Industry Set to be Disrupted by Europe’s Leading Provider of Conversational AI Boost.ai, a global leader in artificial intelligence for Fortune 1000 companies, announced today that Santander Consumer Bank has selected boost.ai’s conversational AI platform to enhance customer experience and support capacity for its Danish customers. Already a key......
Artificial Intelligence Business Fintech News

Vic.ai Launches Autopilot, The Autonomous Accounting Solution

Fintech News Desk
by Fintech News Desk0
“This is groundbreaking for the accounting profession. Accountants have been trying to automate the tedious work of cost-processing since the early days of cloud computing,” said Alexander Hagerup, Co-founder and CEO of Vic.ai. “Automation has gradually become savvier, but AI-powered automation is the step into the Intelligent Accounting Era. Read......
Artificial Intelligence Fintech News Risk Management

Vouched Announces $3M Funding Round to Accelerate AI-Based Identity Verification Platform

Fintech News Desk
by Fintech News Desk0
Vouched, a rapidly-growing developer of proprietary artificial intelligence and computer vision for end-to-end identity verification and real-time fraud detection, today announced a $3M funding round. Led by Flying Fish Partners, the round will further accelerate growth of Vouched’s identity proofing platform across the banking, fintech and healthcare verticals. Read More: Former......
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