Muscat, Oman — With the success story in UAE, Joyalukkas Exchange has expanded the rollout of Artificial Intelligence-enabled compliance solutions to other countries. Joyalukkas Exchange is one of the leading money exchange houses in the Gulf and Effiya is the analytics technology partner in their journey of transforming AML/CFT complianceContinue Reading
Abu Dhabi, United Arab Emirates — Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation Institute (TII) last week, soared to the top spot on Hugging Face’s latest Open Large Language Model (LLM) Leaderboard. Hugging Face, an American company seeking to democratize artificialContinue Reading
SALT LAKE CITY and TORONTO and MONTRÉAL — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence. “Recursion has pioneered the massive, parallel generation of -omics data with machineContinue Reading
LAGOS, Nigeria & NEW YORK & TEL AVIV, Israel — VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to protect VigiPay’s growing businessagainst money laundering, sanctions violations, and other financial crime risks. Through the agreement, ThetaRay willContinue Reading
DUBAI, United Arab Emirates & LOS ALTOS, Calif. — Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) has signed an agreement with Bidgely that aims to accelerate a clean energy future by enabling utilities and consumers to make data-driven energy decisions. The agreementContinue Reading
Dubai, United Arab Emirates – March 21, 2023: The accelerated advancement of artificial intelligence-driven (AI) innovations are feared to be clawing back some of the much-needed gains in the global war against cyberattacks as the chances of cyber criminals using the technology to create complex cyber threats loom. According toContinue Reading
Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head ofContinue Reading
The market for digital health technologies, particularly Artificial intelligence (AI), machine learning (ML) tools in healthcare is forecast to top $20 billion in 2023 Dubai, UAE, 18 January 2023: The global healthcare industry is expected to grow by $563.59 billion during 2023-2027, accelerating at a CAGR of 25.8% during theContinue Reading
DUBAI, United Arab Emirates & NEW YORK & TEL AVIV, Israel — NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced a collaboration to implement ThetaRay’s cloud-based AML solution to monitor cross-border payments and support in theContinue Reading
LONDON & NEW YORK & TEL AVIV, Israel — ClearBank, the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, today announced they will collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading AIContinue Reading
