Friday, 12 May, 2023

Cable Bank Raises $40M in Funding to Fight Financial Crime with AI-based Fintech

Cable Bank, a startup that uses AI to detect financial crime, has raised $25 million in funding. The platform helps banks and other financial institutions detect fraud and money laundering by using machine learning algorithms to analyze large amounts of data. Cable Bank's technology can help banks and financial institutions reduce their exposure to risk and comply with regulations. The funding will be used to expand the company's operations.