● Finance

AI Enabled Tool to Help Financial Institutions Curb Greenwashing

The Monetary Authority of Singapore (MAS) revealed the first use case of an AI utility, NovA!, which will help financial institutions (FIs) evaluate the sustainability efforts of the real estate industry and curb greenwashing. The program will focus on improving FIs’ ability to assess firms’ environmental impact and determine environmental risks in its initial phase. The NovA! ESG use case will also cut the amount of time for FIs to collect, process, and analyse data by using natural language processing (NLP) technique to automatically extract relevant information from documents. Read More

● Finance

AI Based Solution to Create a Unique Partnership Between Financial Institutions and Employers

BOND.AI, a leading human-centered artificial intelligence (AI) firm, announced the creation of BOND Network, network of financial institutions and employers for truly interconnected finance. The BOND Network partners will gain exclusive access to BOND.AI's advanced Empathy Engine. The solution will allow financial institutions to hyper-personalize banking, gain new consumers through the employers at significantly lower acquisition costs, and increase profitability with the potential to achieve at least 1% of their asset size in increased revenue and savings. For employers, it enables them to embed AI-powered banking and measure the financial health of their employees to increase productivity, engagement, and retention. Read More

● Healthcare

AI Driven Screening Tools for Screening Chronic Kidney Disease & Assess Biological Health

Scientists from the Singapore Eye Research Institute (Seri) have developed two artificial intelligence (AI) screening tools which use eyes to assess kidney health and biological age. The tools, dubbed RetiKid and RetiAge, use AI-based deep learning algorithms on scans of patients' retina - the light-sensitive back part of the eye, offering a non-invasive and effective approach to screening. This can help alert patients to health concerns which may be at an early stage. RetiKid screens patients for chronic kidney disease and works by scanning blood vessels in the eye. Read More

● Governance

AI Powered Enterprise Platform to Enable Compliance Teams to Monitor 100+ Communications Channels & Spot Regulatory Risks

Smarsh, the global leader in digital communications compliance and intelligence, announced the latest release of the Smarsh Enterprise Platform. The platform is designed to meet the unique needs of global compliance programs by providing centralized management and governance across all channels of communication - including email, social media, instant messaging and voice. Smarsh Enterprise platform delivers support for over 100 communication types, leverages intelligent data management to reduce compliance retention costs up to 50%, and offers industry-leading cloud encryption for a higher level of data security than on-premises solutions. Read More

● Photography

AI Powered Tool to Remove Backgrounds in Portraits

Skylum has introduced the Portrait Background Removal tool into its Luminar Neo image editing app, which uses AI to remove backgrounds in portraits in a single click. The new one-click option in Luminar Neo saves the time that would usually be spent on masking and removing backgrounds from portraits without layering. Portrait Background Removal Tool in Luminar Neo uses one slider to select a human and then remove the background behind them. However, the tool currently only works on portraits. Read More