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Beesafe, which is part of the Vienna Insurance Group, with leverage Tractable’s AI technology to assess car damage and accelerate claim processes.
Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.
Like many areas of insurance, the healthcare space is in a big period of change. Cloud Insurance has highlighted the five emerging technology trends in the space that could really disrupt the sector.
Mastercard and Howard University have provided a $5m grant to create a centre focused on eliminating biases in AI and making the credit approval process more racially equal.
The Monetary Authority of Singapore (MAS) and the National AI Office (NAIO) have launched a national initiative aimed at strengthened AI abilities in its financial sector.
A report from banking platform Mambu and Google Cloud has claimed AI will ‘reshape the world of banking as we know it’ and deliver more personalised experiences.
Altada Technology Solutions, an AI solution that aims to help financial services bolster their operational efficiencies, has collected $11.5m in funding.
With the competition of AI solutions becoming more heated, FinTech Global has named the 100 most innovative companies that are helping to transform the financial services space.