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News
Eight Percent upgrades credit scoring model based on 7.2 million data points
5+ hour, 3+ min ago (242+ words) Online investment-linked finance firm Eight Percent will apply its fifth-generation proprietary credit scoring model to personal credit loans, using about 7.2 million personal credit screening data points. It plans to assess repayment capacity in greater detail for mid-to-low credit borrowers and…...
Singapore monetary authority uses AI to fight financial fraud, validated with real transaction data
2+ mon, 2+ week ago (399+ words) The Monetary Authority of Singapore (MAS) is validating artificial intelligence (AI) models for detecting financial fraud using real bank account information and transaction data. A fintech outlet, Finextra, reported on May 11 that MAS is running a joint project with Singapore’s…...
Korea Artificial Intelligence Association marks 10th anniversary, aims to lead real-world AI expansion
2+ mon, 2+ week ago (182+ words) The Korea Artificial Intelligence Association, marking its 10th anniversary, set a key goal of shifting into a private-sector leadership platform that presents technology direction in the AI era and the global order. The association on May 7 held a "10th anniversary vision declaration…...
Financial sector AI adoption hits 81 percent; profitability hinges on maturity and investment size
2+ mon, 3+ week ago (501+ words) Artificial intelligence adoption in financial services has risen to 81 percent, indicating it has effectively become widespread, a survey found. Profitability and operational efficiency gains depended more on organisations' AI maturity, the level of technological advancement and investment size than on…...
Google News
3+ mon, 3+ week ago (14+ words) Meta work visa filings show AI talent pay up to $650,000 base salary 디지털투데이...
Autoscience raises $14 million seed round to develop AI models with AI
4+ mon, 6+ day ago (126+ words) Autoscience, a developer of automated AI, has raised $14 million in seed funding led by General Catalyst, Axios reported on March 19 local time. Toyota Ventures, Perplexity Fund and M13 Ventures also participated in the round. Autoscience is developing a system in which…...