DWS Group, which has acquired a minority stake of 2.68% in Frankfurt-based ESG scoring provider Arabesque S-Ray, is looking to acquire potential minority stake in Arabesque’s AI engine, to use a combination of big data, machine learning and high-performance computing to predict stock price developments.
Thanks to Goldman Sachs Investment of €25m, German deposit marketplace Raisin will use these funds to launch its services in the $12,700 bn savings market in the US in 2020.
Nordic financial services group SEB and Scandinavian Airlines System (SAS) have invested SEK 26m (€2.46m) in Combient mix, to build a full-scale artificial intelligence (AI) hub to speed up the digital transformation of a network of Nordic companies. Mats Agervi, CEO of Combient and chairman of Combient mix, predicts that data and AI would drive the future in all sectors.
Brainalyzed Finance GmbH, a fintech start-up providing AI-based solutions for banks and asset managers to make efficient, data-based decisions, has recently included the Baloise Asset Management as a minority stakeholder. Dr. Gunter Fischer, Head of Brainalyzed, said that AI-powered predictive solutions can transform the financial services industry.

Get free Access

Agefi Event

Tuesday, 10 December 2019