Why is it important to think about ethical AI?
Many RegTech solutions have artificial intelligence at the core of their solutions, but the founder of Ascent has warned that they need to be aware of the ethical pitfalls using the technology can entail.
American Express acquires small business loans FinTech Kabbage
American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.
Sustainability insights platform Higg scores $50m
Higg, a sustainability insights platform for the consumer goods space, has collected $50m for its $50m Series B funding round.
Changing the use of data in debt capital markets – 9fin closes Series A
9fin, which supplies data, news and predictive analytics to debt capital markets, has scored £8m in its Series A funding round.
Nuula raises $120m in funding comprised of debt and equity
Nuula, which helps companies manage their cashflow, has collected $120m in a funding round comprised of debt and equity.
Ransomware DarkSide made $90m in ransom payments, blockchain firm finds
Blockchain analysis firm Elliptic has discovered the DarkSide ransomware variant made an estimated $90m in ransomware payments since October 2020.
German open banking firm Finleap Connect bags €22m Series A
Open banking platform Finleap Connect has secured €22m from a Series A funding round led by SBI Investment.
Financial research platform Sentieo nets $19m in Series A
Financial research software developer Sentieo has netted $19m in its Series A round.
Mastercard enters agreement to buy crypto intelligence firm CipherTrace
Mastercard has agreed to acquire cryptocurrency intelligence and blockchain analytics firm CipherTrace for an undisclosed fee.
The next revolution: could Gen AI bring RegTech into a new age?
The rise of AI has been an ongoing and slow-burning process for a number of years now. While the technology is disruptive by nature, the recent introduction of ChatGPT by OpenAI has taken the world by storm.
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