Posts Tagged ‘AI’

New AI-powered investment app to focus on Hong Kong millennials

Financial services provider CFSG has launched Hong Kong’s first artificial intelligence-powered financial investment app targeted at millennials, in a strategic partnership with broadband provider HKT. The app, named Alpha i, promises to execute trades in as fast as 0.8 milliseconds. Alpha i also claims to use “Nasa technology” as well as AI, deep learning and big data […]

Digital Disruption: How Fintech is Pushing Banks to Change

Fintech has brought unprecedented disruption in the financial services ecosystem. Legacy financial institutions looking to become digital-enabled face two main challenges. First, the business models and personal skills that have served the industry well for decades has been disrupted by digital innovation and no longer works in the new banking ecosystem. Second, attempts to create new, […]

Hong Kong’s tech ambitions given major boost with AI lab funding

Hong Kong received a major boost to its technology ambitions with the launch of an AI lab jointly funded by SenseTime, which specialises in large scale facial recognition systems, and the Alibaba Hong Kong Entrepreneurs Fund. The lab will collaborate with the Hong Kong Science and Technology Parks Corporation to roll out a six-month accelerator […]

How existing investors doubled down on ThoughtSpot and turned it into a unicorn

A Palo Alto-based AI-driven analytics firm ThoughtSpot wanted to raise only $70 million but ended up with more than double that sum at $145 million. The amount eventually helped the company put itself among a raft of Indian-led unicorns based in the Silicon Valley, with a value of over $1 billion. Interestingly, most of the funding […]

How to Use AI in Fintech and Improve Your Financial Services

Apart from the fulfillment of common tasks, artificial intelligence can help you deal with financial issues as well, and you can do it successfully. There are a few main ways how AI is used today in the financial world: Advanced customer service Fraud detection Lowering the risk in P2P lending Improved insurance support Enhanced investment analysis […]

Researchers tap AI in the fight against ICO scams

There’s no definitive way to tell if an ICO is a scam, but a machine learning-based research method could make it easier to avoid the most obvious ones. A Chinese startup called Shannon.AI, working with researchers from Stanford, University of California Santa Barbara, and the University of Michigan, recently unveiled a white paper detailing an AI […]