Sunday, November 3, 2024
14.9 C
New York

New UK fintech Covecta launches configurable AI platform

  • Covecta has launched a configurable AI platform designed to streamline critical activities for financial institutions’ front-line teams.
  • The platform serves commercial banks, insurers, KYC teams, asset managers, and brokers, offering tailored solutions based on specific product requirements and customer contexts.
  • It automates and summarizes customer insights, enabling the creation of content like fund reviews, credit memos, and investment proposals.
  • The first release of the platform will be available in both the UK and the US.
  • Covecta raised £1 million in pre-seed funding from industry veterans and angels.
  • The company’s founders include Scott Wilson (CEO), Ben Thomas (CRO), and Abdul Hummaida (CTO), with experience from Mambu, McKinsey, and Orgvue.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR

Funding Round: Reflexivity raised $30 million in a...

Dutch paytech Online Payment Platform secures EMI licence in the UK

EMI License: Online Payment Platform (OPP) has received...

New digital wallet Kuady launches in several LatAm markets powered by Mambu

Launch: Open Payment Technologies has launched Kuady, a...

Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud

Partnership Announcement: Citi has entered a multi-year partnership...

Triodos Bank’s UK CEO Bevis Watts to step down in 2025

Bevis Watts to Step Down: Bevis Watts, CEO...

American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner

Acquisition Details: American Express (Amex) will buy UBS’s...

Related Articles

Popular Categories

spot_imgspot_img