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VC, Alphabet fund development of AML products
June 29, 2023, 5:49 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
Internal and external investment in digital identity-based, crime-curbing AI continues.
Venture fund Notion Capital has put $11 million into fintech Resistant AI's series A round, which already held $16.6 million. GV, the corporate venture capital unit of Alphabet, participated in an earlier round.
That announcement came a week after Alphabet's subsidiary, Google Cloud, announced the availability of an anti-money laundering AI algorithm.
Everyone involved in both events is motivated by big numbers that keep getting bigger – like $2 trillion. …
ai alphabet aml announcement biometric r&d biometrics news capital cloud corporate crime development digital external financial services fintech fund funding google google cloud identity identity verification internal investment kyc products resistant ai series series a smartsearch venture venture capital week
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