#AIEye #Podcast 704: #Stocks discussed: (NasdaqGS: $NICE) (OTC: $RNECY) #artificialintelligence

 

 

#AIEye #Podcast 704: #Stocks discussed: (NasdaqGS: $NICE) (OTC: $RNECY) #artificialintelligence

 

NICE Actimize Xceed Chosen by American State Bank for Financial Crime Strategy, and Renesas Electronics to Acquire Reality AI

 

Global #AI in #BFSI to Reach $84.33B in 2028

 

Vancouver, Kelowna, Delta, BC – June 10, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/061022-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/06101NICE-RNECY.asp

 

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Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NasdaqGS:NICE) (OTC:RNECY)

 

NICE Actimize, a subsidiary of NICE Ltd. (NasdaqGS:NICE), has announced that Texas-based financial institution American State Bank has selected NICE Actimize Xceed, described as “an all-in-one AI fraud and anti-money laundering platform,” to drive its restructured financial crime strategy. Craig Costigan, CEO, NICE Actimize, commented:

 

"By providing a single platform leveraging AI, data intelligence and behavioral analytics, NICE Actimize Xceed provides mid-sized financial institutions with superior financial crime and compliance risk management. We look forward to supporting American State Bank’s new financial crime management platform and its future growth in the market."

 

Advanced semiconductor solutions provider Renesas Electronics Corporation (OTC:RNECY) has entered into a definitive agreement with Reality Analytics, Inc. (Reality AI), a leading provider of embedded AI solutions, under which Renesas will acquire Reality AI in an all-cash transaction. This, according to the press release, “will significantly enhance Renesas’ endpoint AI capability, providing more flexibility and efficiency for system developers to make their products AIoT (Artificial Intelligence of Things) ready and get to market faster.” Hidetoshi Shibata, President and CEO of Renesas, said:

 

"The importance and demand of data at the endpoint is increasing at an unprecedented scale. The acquisition of AI technology is an important milestone to address our customers’ emerging requirements for endpoint intelligence. The addition of Reality AI’s AI solutions to our existing embedded AI portfolios will further solidify our position as a leading AIoT solution provider."

 

 

Global AI in BFSI to Reach $84.33B in 2028

 

A report published by Research Dive finds that the global AI in BFSI (Banking, financial services, and insurance) is projected to grow from $21.06 billion in 2020 to $84.33 billion in 2028, registering a compound annual growth rate (CAGR) of 19.1 percent in the forecast period 2021-28. The following excerpt from the report’s overview highlights some key factors contributing to the market’s growth:

 

The implementation of AI based technologies in BFSI such as robotic process automation (RPA) and natural language processing (NLP) is expected to open new scope of opportunities for the market in the forecast period. Software that mimics rules-based digital tasks performed by humans is being applied in banking to eliminate much of the time-intensive and error-prone work involved in entering customer data from contracts, forms, and other sources. These factors are expected to open new scope of opportunities for the market in the forecast period.

 

Sam Mowers, Investorideas.com

 

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Breaking #Tech #Stock News: Business Warrior (OTC: $BZWR) Acquires #FinTech #SaaS Company, Alchemy Technologies; @BizWarriorLIFE

Breaking #Tech #Stock News: Business Warrior (OTC: $BZWR) Acquires #FinTech #SaaS Company, Alchemy Technologies; @BizWarriorLIFE

 

Acquisition bolsters the Company's FinTech offerings and broadens reach to a worldwide level

 

PHOENIX - June 9, 2022 (Investorideas.com Newswire) Business Warrior Corp. (OTC: BZWR), the source for small businesses in America to get more customers, today announces the acquisition of Alchemy Technologies, a global FinTech software as a service (SaaS) company. The acquisition strengthens Business Warrior's core marketing and lending software while expanding the Company's brand and services to meet global demand.

 

Read this news, featuring BZWR in full at https://www.investorideas.com/news/2022/technology/06091BZWR-Acquires-Alchemy-Technologies.asp

 

 

 

Business Warrior announces the acquisition of Alchemy Technologies, a global FinTech software as a service (SaaS) company. (Graphic: Business Wire)

 

Alchemy specializes in creating end-to-end, cloud native lending experiences for other FinTech companies, merchants and banks. The company installs its core solution to a number of different verticals, including:

• Personal loans
• Point of Sale Financing
• Health and Beauty Financing
• Construction Loans
• Solar and Home Improvement Financing
• Small Business Lending
• Skillset Financing
• Crowdfunding Platforms

 

In working with Alchemy to develop its Business Warrior Funding lending platform earlier this year, Business Warrior identified Alchemy as an attractive acquisition opportunity, noting its operational and financial performance.

 

Alchemy is a global company with customers in six different countries and territories, the United States, Mexico, United Arab Emirates, Australia, United Kingdom and Puerto Rico. In 2021, Alchemy generated total revenues of $2.8 million. The company is on track to add additional revenue and projects full-year 2022 revenues to increase by 77% compared to 2021.

 

"After working with Alchemy, we quickly realized the massive potential of adding this international group of industry leaders to the Business Warrior team," explains Business Warrior President Jonathan Brooks. "With our Business Warrior platform, premium marketing, and now a global lending technology presence, we are building solutions that propel the success of small businesses."

 

As a subsidiary of Business Warrior, Alchemy will remain under its current brand name and will continue to support its clients and internal teams. Alchemy and its more than 30 full-time employees and over 100 full-time contracted developers will be an independently managed subsidiary of Business Warrior. This acquisition expands the Business Warrior team to 157 professionals focused on a singular mission: to be the source for success and long-term growth for small businesses through marketing technology and unique funding solutions.

 

Alchemy founder and CEO Timothy Li will join Business Warrior as the Global Head of Technology, where he will work alongside the Business Warrior executive team. Li, who has an extensive background and is a recognized expert in the FinTech industry, previously worked as a chief information officer and as a chief risk officer for JP Morgan Chase, Loan Depot, and Realty Mogul.

 

"We are so excited about joining the Business Warrior family! This move provides Alchemy with the additional resources, tools and capital necessary to enhance our service to customers," states Li. "Both companies believe small business owners are the lifeline of local communities. By bringing Alchemy and Business Warrior together, the positive impact on these communities is going to be worldwide."

 

Randy Schmidt, formerly the COO of Alchemy, will transition into the role of senior vice president of Alchemy and will lead its internal team moving forward.

 

The value of the deal at closing is $8.75 million with $2.25 million in cash and $5 million in preferred stock with a 7%, three-year cash dividend. In addition, $450,000 in restricted common stock will go to existing Alchemy employees that will vest over 24 months.

 

About Business Warrior

Business Warrior is a SaaS company providing small businesses in the United States with a suite of data-driven marketing and next-generation, funding solutions to boost local market dominance. Founded in 2014, Business Warrior is singularly focused on offering locally targeted lead generation marketing and funding solutions that fuel small business growth. By using next generation machine-learning and native software, Business Warrior has made growth funding and conversion marketing accessible for thousands of under-resourced and under-funded small business owners. For more information, visit BusinessWarrior.com.

 

About Alchemy Technologies

Alchemy Technologies is an industry leading embedded financing software company that powers FinTech's, Merchants and Banks with an end-to-end cloud native experience. Its award-winning lending software provides a full package of powerful software modules, including its digital customer onboarding process, real time underwriting, loan servicing and management, real time payments gateway, customer and merchant communications, collections modules and many more. Businesses leverage the robust, integrated Alchemy solutions to help retain existing customers, gain new customers, mitigate risk and operate more effectively. For more information, please visit TrustAlchemy.com.

 

Forward Looking Statements:

This press release and the offering materials may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Forward-looking statements are neither historical facts nor assurances of future performance. They are based on the current beliefs of, assumptions made by, and information currently available to the company's management regarding the future of the company's business, future plans and strategies, anticipated events and trends, the economy and other future conditions. When used in the offering materials, the words "aim," "estimate," "project," "believe," "anticipate," "intend," "envision," "estimate," "expect," "future," "goal," "hope," "likely," "may," "plan," "potential," "seek," "should," "strategy," "will" and similar references to future periods are intended to identify forward-looking statements, which constitute forward looking statements. These statements reflect management's current views with respect to future events and are subject to inherent risks, uncertainties and changes in circumstances that are difficult to predict (many of which are outside of the company's control) and could cause the company's actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. All subsequent written and oral forward-looking statements concerning the company, the offering or other matters, are expressly qualified in their entirety by the cautionary statements above. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

 

Contacts

Investor Relations:
Tanner Otts
Investors@BusinessWarrior.com
(855) 884-5805

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

Disclosure: Business Warrior Corporation (BZWR) is a paid news and social media company on Investorideas  starting June 6 (3500 monthly)

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#AIEye #Podcast 703: #Stocks discussed: (NasdaqGS: $MSFT) (NYSE: $PG) (NasdaqGS: $BIDU) #artificialintelligence

 

 

#AIEye #Podcast 703: #Stocks discussed: (NasdaqGS: $MSFT) (NYSE: $PG) (NasdaqGS: $BIDU) #artificialintelligence

 

Microsoft Partners with Procter & Gamble for Digital Manufacturing, and JIDU Unveils New Robocar

 

Global #AI in #Fintech Market to Reach $41.16B by 2030

 

Vancouver, Kelowna, Delta, BC – June 8, 2022  – Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today’s edition of  The AI Eye-watching stock news, deal tracker and advancements in artificial intelligence.

 

Listen to today’s podcast:

https://www.investorideas.com/Audio/Podcasts/2022/060822-AI-Eye.mp3

 

Read this in full at https://www.investorideas.com/news/2022/artificial-intelligence/06081MSFT-PG-BIDU.asp

 

Hear the Ai Eye on Spotify  

 

Today’s Column- The AI Eye- Watching stock news, deal tracker and advancements in artificial intelligence

 

Stocks discussed: (NasdaqGS:MSFT) (NYSE:PG) (NasdaqGS:BIDU)

 

Microsoft (NasdaqGS:MSFT) and Procter & Gamble (NYSE:PG) have announced a new multiyear collaboration that will “leverage the Microsoft Cloud to help create the future of digital manufacturing.” The collaboration will have Microsoft Azure “as the foundation,” according to the press release, and will enhance P&G’s ‘“AI, machine learning and edge computing services for real-time visibility.” Judson Althoff, Microsoft's CCO, said:

 

"We are excited to help P&G accelerate its digital manufacturing platform using Microsoft Azure, AI and IIoT to accommodate volatility in the consumer products industry with innovative, agile solutions that can easily scale based on market conditions. Our partnership will further P&G's growth and business transformation through digital technology that seamlessly connects people, assets, workflow and business processes that promote resiliency."

 

JIDU, an intelligent electric vehicle company backed and powered by Baidu, Inc. (NasdaqGS:BIDU), has unveiled its first concept production robocar ROBO-01. The vehicle boasts “an active deformable structure design, 3D borderless one-piece large screen, zero-gravity seating, AI pixel lights and dual max-computing chips.” Xia Yiping, CEO of JIDU, said:

 

"The Intelligent Car 3.0 Era is the era of robocars. The transition to this new era is marked by the shift of driving power from humans to AI, with robocars ultimately achieving self-generating progress led by AI. The automotive industry in the 3.0 era will see a seismic shift from a revolution in energy to a revolution in product attributes. The ultimate goal is to realize a fully driverless transportation experience. The JIDU robocar aims to meet users' needs for intelligent travel, in-car intelligent assistance and intelligent cabin in the new era."

 

 

Global AI in Fintech Market to Reach $41.16B by 2030

 

A report published by Grandview Research finds that the global AI in Fintech market is projected to grow from $9.45 billion USD in 2021 to $41.16 billion by 2030, registering a compound annual growth rate (CAGR) of 16.5 percent in the forecast period 2022-30. The following excerpt from the report’s summary outlines the key ways AI is being leveraged in the Fintech space:

 

Artificial intelligence (AI) is widely used in financial organizations to detect and prevent fraud through digital banking channels. Mobile banking, digital loans, insurance, credit scores, purchasing and selling operations, and asset management are all included. AI technology can determine a customer’s typical behavior by monitoring how they interact and considering their transactions.

 

Sam Mowers, Investorideas.com

 

Read and hear other editions of the AI  Eye

 

For a list of artificial intelligence stocks on Investorideas.com visit here

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

 

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

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