Posh Secures Strategic Funding Back to HomeBOSTON, MA, Posh AI has announced a Strategic Funding round Led by Curql alongside Canapi Ventures and TruStage Ventures.Posh AI has announced a Strategic Funding round Led by Curql alongside Canapi Ventures and TruStage Ventures. The new investment will fast-track responsible deployment of generative and conversational AI solutions specifically designed to empower credit unions and banks. This latest funding brings Posh's total to over $45 million.(c) by Massinvestor, Inc. For contact info, please check out our about page

New Report Based on Three-Year Initiative Supported by JPMorgan Chase Includes Recommendations for Financial Services Providers and Promising Future Directions for AI DevelopmentBOSTON, June 4, 2024 /PRNewswire/ -- Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations. At this critical inflection point in scaling AI, it is urgent to research and identify the ways in which AI can positively impact the financial lives of these populations, which are disproportionately Black, Latinx and women-led. The report also sheds light on the most promising future directions for technology development.Historically, the design of new technologies has not fully considered the potential benefits and uses for households earning LMI. As a result, innovations in AI may deepen inequity by not considering the impact they can have for consumers of all backgrounds. Much of Commonwealth's Emerging Tech for All (ETA) research focus has been on conversational AI, and providing actionable guidance to financial service providers on how this technology can support the financial security of U.S. workers earning LMI.The new report offers key insights, including:Conversational AI provides a crucial opportunity to improve access for households living on LMI, who are nearly twice as likely to want to bank in person yet have significantly lower rates of access to local bank branches

BOSTON--(BUSINESS WIRE)--Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors. Hood brings a long-standing legacy of public and private financial services over the last 30 years and a spirit of active participation and qualified advising based on his extensive industry experience. Most notably, he served on the NCUA Board under two presidential administrations. “We are deeply honored to welcome Mr. Rodney Hood to our Board of Directors,” says Posh AI’s CEO and Co-Founder Karan Kashyap