Latest Artificial intelligence News: Finextra Research

Citi invests in commercial lending platform Numerated

Citi has made a strategic investment in Numerated as part of a wider partnership with the AI-powered modular commercial lending platform.

21 June 2024

News/ai

AI to impact more than half of banking jobs - Citi

AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.

21 June 2024

News/ai

EBAday 2024: Growing use cases for AI in banking and payments

During the last panel of EBAday 2024, Patricia Hines, head of banking and payments at Celent talked all things AI with Sara Amara, head of currency and clearing Europe at HSBC; Gurumurthy Palani, head of transaction banking at Gulf International Bank; Christian Sarafidis, chief executive EMEA financial services at Microsoft; and Andy Schmidt, vice president, global industry lead – banking at CGI.

20 June 2024

News/people

EBAday 2024: Success stories in collaboration

At EBAday 2024 in Lisbon, Finextra’s own Niamh Curran moderated a lunchtime session titled ‘Rising Stars’, with Luca Kotton, platform owner at Investec Bank; John Salter, chief customer officer at ClearBank; Jenny Winther, head of payment schemes at Handelsbanken; and Phoebe Zhou, head of emerging payments, GPS Europe at HSBC, discussing success and industry newcomers.

19 June 2024

News/payments

EBAday 2024: Instant payments and generative AI will be the most impactful for the industry

Digitisation and the advantages that are available through modern technology were core topics for the afternoon sessions at EBAday in Lisbon, Portugal.

19 June 2024

News/ai

Finextra launches NextGen:AI, a new event defining AI's future in financial services

Join Finextra in London on 26th November 2024 to challenge the perception of AI and its role in financial services.

14 June 2024

News/ai

Michael Kors rolls out Mastercard GenAI-powered shopping assistant

Michael Kors has become the first retailer to integrate Mastercard's generative AI assistant, Shopping Muse, into its US website.

12 June 2024

News/ai

NatWest gives chatbot a generative AI upgrade

NatWest is boosting the IQ of its digital chatbot Cora with generative AI to provide more nuanced, pro-active answers to customer queries.

12 June 2024

News/payments

EBAday 2024: Fintech Zone finalists revealed!

For the sixth year running, EBAday will host a dedicated Fintech Zone, where 16 early stage and growth startups will compete for the chance to be crowned the 2024 winner.

11 June 2024

News/ai

Rabobank joins funding round in Hawk

German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.

11 June 2024

News/people

JPMorgan hires ex-PayPal exec as CTO - Reuters

JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.

10 June 2024

News/ai

HSBC and BNY Mellon early adopters for Quantexa GenAI suite

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa's Q Assist context aware generative AI technology suite.

10 June 2024

News/ai

US Treasury seeks feedback on use of AI in financial services

The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.

07 June 2024

News/startups

Former Barclays CPO Megan Caywood Cooper launches AI wealthtech

Megan Caywood Cooper, former Barclays chief product officer and Starling chief platform officer, has announced her new AI wealthtech Caywood, at Money 20/20 today.

06 June 2024

News/ai

ABN Amro turns to AI for trade finance automation

Dutch bank ABN Amro is working with AI platform Complidata to automate its trade finance operations.

06 June 2024

News/ai

Bunq leverages NVIDIA AI to debunk financial fraud

Dutch neobank bunq this week announced their partnership with NVIDIA to combat fraudsters with the help of accelerated computing and AI.

05 June 2024

News/payments

Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.

05 June 2024

News/payments

Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

04 June 2024