Western Union partnered 2 fintech startups to boost AI solutions

Western Union started a collaboration with startups Bridged and Rebric leveraging AI and machine learning 

Artificial Intelligence

Western Union partnered 2 fintech startups to boost AI solutions. Source: shutterstock.com

Western Union announced it is forging business relationships with two fintech startups in the first class of the Western Union Accelerator Powered by Techstars. Both companies, Bridged and Rebric, are dealing with artificial intelligence and machine learning. In addition to providing business mentoring and funding through its accelerator program, Western Union is now working with both.

Located in Denver, Bridget uses a technology and crowdsourcing combination, thus providing AI as a service to assist companies with creating their own AI and Big Data models for a scope of apps. Rebric, likewise headquartered in Denver, uses machine learning and AI frameworks to identify bad entertainers and assist organizations with sanction list regulations.

We’re fostering innovation internally and externally through our accelerator, and these initial projects with Bridged and Rebric are just the beginning. As we continue to transform our business and leverage our global platform in new ways, tapping into innovations from emerging companies is an important part of our broader technology strategy
Jeff Hochstadt, chief strategy officer for Western Union

SEE ALSO: Western Union enters a new market

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