“Chinese eCommerce giant JD.com said on Wednesday (March 31) that it had officially sold its JD Cloud and artificial intelligence (AI) business to its FinTech unit for a combined valuation of $2.4 billion” https://www.google.com/amp/s/www.pymnts.com/news/acquiring/2021/jd-sells-off-cloud-ai-units-to-fintech-arm/amp/
Tag: AI
Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud
“Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud — its cornerstone service involves super-quick (3 millisecond) checks happening in the background while transactions are being made — has announced a Series D of $200 million. It said that the new…
Huawei Forecasts 97 pct of Large Enterprises to Implement AI
“The world is seeing a faster digital transformation —starting from massive use of artificial intelligence, or AI, to cloud adoption— following the Covid-19 pandemic. Shenzhen-based tech giant Huawei forecasts 97 percent of all large enterprises will implement AI by 2025. AI will also power 77 percent of all cloud applications. ‘The pandemic has pushed a…
Banking regulators seek input on how firms rely on artificial intelligence
“U.S. banking regulators announced on Monday they were soliciting public input on the growing use of artificial intelligence by financial institutions. In a joint statement, the regulators said they wanted feedback on the use of the technology by banks to police fraud, underwrite loans and for other purposes, and what perks and challenges it presents.”…
Accelerate into 2021 with AI led banking
“AI first banks embed three distinct features as part of their customer journey maps: Intelligent (recommending actions, anticipating, and automating key decisions), personalized (relevant and timely) and truly omnichannel (seamless across physical and online platforms).” https://www.google.com/amp/s/bfsi.eletsonline.com/accelerate-into-2021-with-ai-led-banking/amp/