FundGuard raises $12 million to help manage assets with AI

Fund Guard

FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand from alternative funds and insurers.

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The adoption of Machine Learning in data driven SaaS products

Platform on Screen

SaaS solutions have been gaining popularity over recent years to the point where most software products are using SaaS based model. SaaS has been widely accepted by industry as it requires little to no installation, software can be instantly dispatched via cloud and cloud computing offers flexibility in computing power and resources.

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Big Data, AI & Banking 4.0

Device with Use Statistics

Gone are the days of manual transactions. Adoption of computers scaled the capabilities of banking institutions. Thanks to computers, banks could handle millions of transactions very efficiently and quickly. Digital transactions were easy to store and retrieve. As computing technologies evolved, newer methods of banking got introduced. This led to generation of new digital banking services.

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How can the public sector use AI to identify fraud?

Wallet and cash

Accountability and transparency are essential for public sector audits. The public sector is under a watchful eye to ensure finances are being managed ethically and appropriately, whilst also being responsible for providing early warnings of financial pressures or failures. Due to COVID measures, there is currently a huge volume of funds being distributed to individuals…

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Amplifying Fintech and Artificial Intelligence

Fintech and AI

Institutional investment was one of the top talking points for the crypto space in 2020. It was quite understandable, with companies looking to stay positive on their balance sheets and make gains with Bitcoin. There are pockets of the crypto space that believe the increase in institutional investment was what helped Bitcoin break its previous all-time high. It is quite understandable, considering that most institutions tend to put huge money into Bitcoin when they come in. 

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Gen Z is defining digital banking – FinTech is listening

Gen Zers are the true digital natives. From streaming to sharing, those between the ages 18 to 24 expect seamless connectivity — and their finances are no exception. The banking industry has shifted servicing dramatically from its beginnings as a brick-and-mortar stalwart to become far more digitally flexible. As one of many pandemic impacts, having a choice for complete online banking is an ageless expectation, however for Gen Z it has become a table stake.

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Trovata.io raises $20 million to aggregate enterprise bank accounts with AI

Banking technology startup Trovata.io today announced it has raised $20 million in a series A round led by Wells Fargo Strategic Capital. The investment will be used to deliver new services and accelerate multi-bank APIs globally, the company says, and to add more bank distribution partners.

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Behavioral Finance in Fintech: Ideas from Revolut, Momo E-Wallet, Eagle Alpha, and Other Pros…

Behavioral finance became a reality once fintech met AI. Since its inception in fintech, AI has been improving analytics in the domain, providing more data sources to process — the ones based on user behavior. That’s why we call this type of analytics “behavioral.” Let’s see how fintech forever changed data analytics and how it helps businesses worldwide make informed forecasts. The established fintechs guide our research, and we learn from the best of them.

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AI-IOT: a powerful combination of the future

Crystal Pyramid

The current business world is changing with the adoption of IoT (Internet of Things). IoT is helping in conspicuously catching a tremendous amount of data from various sources. However, folding over the large number of data originating from incalculable IoT devices, makes it complex to gather, process, and analyze the data.

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How machines are changing the way companies talk

Anyone who’s ever been on an earnings call knows company executives already tend to look at the world through rose-colored glasses, but a new study by economics and machine learning researchers says that’s getting worse, thanks to Machine Learning.

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The future is now: 7 expert tech predictions for 2021

Making predictions

This year was certainly a difficult one, but that shouldn’t dampen our spirits going into 2021. While most of the workforce was managing from home with an immense reliance on technology, next year, we can expect technology to find an even deeper way of integrating with our lives. To find out how this might happen, we reached out to some prominent companies in the tech space. With that in mind, here are some tech predictions for the coming year. 

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7 big data goals for 2021: AI, DevOps, hybrid cloud, and more

In 2021, corporate big data leaders will be looking to improve data quality and turnaround of big data projects, as well as performance in meeting business objectives. While 2020 hasn’t been a normal year for anyone, you still have to plan for the future and get ready for what may come. Here are seven key big data areas of focus for 2021.

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AI in Fintech, Technology and Academia is focus of Nascent U.S. Tech Council

Finding ways to bring AI more deeply into the business worlds of fintech, technology and academia is the mission of the new National Council for Artificial Intelligence (NCAI).

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Evaluating the accuracy of AI trends predictions made by Top Enterprise Leaders – then and Now

At the beginning of 2019, enterprise leaders from different top tech companies predicted Artificial Intelligence (AI), data science, and machine learning trends for future years. After two years, we reviewed their AI predictions to find out how accurately they predicted the developments in AI. Our team further studied and analyzed their predictions to give them a ranking.

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Top 5 AI achievements of 2020

Quantum Physics & AI

Indeed, artificial intelligence (AI), machine learning (ML), deep neural learning, and data science have turned out to be life-changing technologies over the last decade. As we are approaching the end of the year, there is no doubt that year 2020 has been a very challenging and dark year due to pandemic crises. Numerous businesses endured disappointments during COVID-19, while it additionally delivered multiple champs rising in the wreck.

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14 ways Artificial Intelligence can revolutionize the Financial Industry in 2021

Artificial intelligence (AI) is revolutionizing the transformation of interaction with money, and how consumers and companies alike access and manage their finances. AI in finance encompasses everything from chatbot assistants to fraud detection and task automation. AI is helping the financial industry to streamline and optimize processes ranging from credit decisions to quantitative trading and financial risk management. I’ve put together a rundown of how Artificial Intelligence can be used in finance leading the way.

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