Wednesday, October 17, 2018
UK's Largest Artificial Intelligence Banking Startup Valued at $2.3bn after Fundraising

UK’s Largest Artificial Intelligence Banking Startup Valued at $2.3bn after Fundraising

Recently, a rapidly-growing digital lender to small enterprises got valued at $2.3 billion after culminating a $100 million fundraising round. The exercise was geared towards aiding in the licensing...
ANZ Bank Leverages Neural Networks to Avoid Dangers of Deep Learning

ANZ Bank Leverages Neural Networks to Avoid Dangers of Deep Learning

ANZ bank has discovered a better way of predicting which of its clients would default after conducting six different proofs-of-concept. However, the banks said that it would not rush...
JPMorgan Chase Hires Another High-Profile Artificial Intelligence Expert

JPMorgan Chase Hires Another High-Profile Artificial Intelligence Expert

Leading entities across various industries have been stepping up their efforts to expedite their AI adoption processes and projects. While some have been acquiring artificial intelligence-based startups others like...
Citi Invests in AI Firm Anaconda

Citi Invests in AI Firm Anaconda

Recently, Citi Ventures made a move to secure its place in the future by investing in Anaconda, an artificial intelligence-based software company. Citigroup, Citi Ventures’ parent company has utilized the...
The World Economic Forum Warns AI Could Lead to the Collapse of the Financial System

The World Economic Forum Warns AI Could Lead to the Collapse of the Financial System

According to a recent report by the World Economic Forum, artificial intelligence (AI) will revolutionize the world of finance throughout the next decade or so. The technology is set to...
AI Startup Babylon Health & Prudential Asia Partners on $100million Deal

AI Startup Babylon Health & Prudential Asia Partners on $100million Deal

Prudential Asia, a unit of Prudential plc, recently made a licensing deal with Babylon Health, a digital health startup. The deal involves the exclusive usage of the startup’s AI-driven software...
How Neural Networks Will Disrupt the Banking Industry

How Neural Networks Will Disrupt the Banking Industry

After discussing the function that artificial intelligence plays in AIG, the CRO of AIG Fabrice Brossart said that it ought to be better referred to as artificially inflated. He...
Barclays Pushing into Artificial Intelligence to Manage Risk

Barclays Pushing into Artificial Intelligence to Manage Risk

Recently, Barclays announced its collaboration with Simudyne, which is a graduate of the Barclays Accelerator program. The partnership is spearheaded by the need to evaluate new risk mitigation solutions. Simudyne...
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