Artificial intelligence has had a major impact over the years in the finance sector, helping neobanks personalize services for customers, lenders evaluate loan applications, digital providers detect fraud and security issues, analysts run predictive modelling for investments and more.
Yet much of the work done today is in the area of structured data. With a wave of unstructured data waiting to be tapped and used in the process, a New York startup called Cognaize is taking a hybrid approach. It’s built a platform for the processing of unstructured data for financial AI applications, and it complements that with “humans in the loop” to refine the work.
And today, it is announcing $18 million in funding to exp …
