Artificial intelligence

3250 articles tagged with this keyword

/ai

Lloyds Banking Group accelerates AI development with Google Cloud

Lloyds Banking Group is building a new machine learning (ML) and Generative AI (GenAI) platform using Google Cloud’s Vertex AI.

/ai

BofE eyes AI's risk to financial stability

As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns.

/ai

Target Group implements AI-powered AutoSummary for contact centre calls

Target Group has expanded its popular contact centre solution, implementing new functionality within its customer experience platform to summarise customer calls and drive better customer outcomes.

/ai

CaixaBank and Salesforce collaborate to personalise customer experience in banking through AI

CaixaBank and Salesforce, a leading company in Customer Relationship Management (CRM) technology solutions, have signed an agreement to jointly advance artificial intelligence projects for the digital transformation of banking services.

/ai

Islamic Development Bank Institute launches first AI Hackathon

The Islamic Development Bank Institute is pleased to announce the launch of its First AI Hackathon on Islamic Finance, scheduled to take place from 8–10 May 2025.

/ai

BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

/ai

Hawk raises $56m for AI-powered fraud prevention

AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak.

/people

Squirro promotes Lauren Hawker Zafer to COO role

Squirro, a leading enterprise GenAI platform provider, today announced that it has promoted its dynamic Chief Marketing Officer, Lauren Hawker Zafer, to the role of Chief Operating Officer.

/payments

Forter releases product for predictive payment routing

Forter, the Trust Platform for digital commerce, announced enhancements to its Payment Optimization solution with the beta launch of Predictive Payment Routing and introduced GenAI agent detection, as part of its spring product release.

/ai

Permutable AI releases new sector wide analysis tool revealing hidden market correlations

In today's increasingly interconnected financial markets, understanding correlations across a sector has become essential for effective portfolio construction, particularly during current heightened market volatility.

/security

Dutch company pioneers custom trained AI-tool for subdomain detection in cybersecurity

European cybersecurity company Hadrian, based in Amsterdam, introduces ‘Subwiz,’ the world’s first custom-trained AI tool for subdomain discovery.

/people

AI comes to the C-Suite: Standard Chartered appoints AI enablement chief

Standard Charted has appointed former Monetary Authority of Singapore executive David Hardoon as global head of artificial intelligence enablement.

/ai

Revolut automates recruitment: The AI will interview shortly

Revolut has embedded an AI into its People platform that conducts interviews with job candidates and summarises the performance of all appointees.

/payments

Juspay raises $60 million

Payment orchestration platform Juspay has secured $60 million as part of its Series D funding round.

/security

Metro Bank launches AI scam detection tool

Metro Bank is using technology from AI firm Ask Silver to enable customers to instantly check whether they are at risk of a scam by spotting fraudulent communications.

/regulation

Compliance challenges and technology gaps amid US regulatory uncertainty, Finextra survey reveals

The latest survey report by Finextra, which included responses from 200 financial services professionals across the US, highlights both optimism and uncertainty surrounding the sector’s regulatory readiness. Conducted between January 16–29, 2025, the survey captured insights from C-level executives to senior managers working in banks, credit unions, payment service providers, technology providers, and fintech firms with revenues ranging from under $10 billion to over $250 billion. These findings come at a pivotal time following the election of Donald Trump and the delay in new regulatory rulemaking, creating a climate of heightened uncertainty for the US financial sector.

/payments

Meet the minds shaping the future of payments at NextGen Nordics

The rapidly evolving world of payments is being shaped by some of the brightest minds across industries, and this year’s NextGen Nordics event on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden is set to be a pivotal moment in exploring how the sector is advancing. Attendees will have the rare opportunity to engage with leading figures driving innovation, digital transformation, and the future of financial services in the Nordic region.

/security

Visa unveils AI fraud fighting tool

Visa has unveiled Aric Risk Hub, an AI-based fraud prevention platform designed to help protect banks, acquirers, and financial institutions against a broad spectrum of fraud and financial crime.

/markets

Global spending on financial market data hits $44.3bn

Global spending on financial market data and news grew modestly in 2024, with revenues rising 6.4% - far slower than the previous year - to $44.3 billion.

/ai

SMBC and Fujitsu partner on AI-powered data analytics business

Sumitomo Mitsui Banking Corporation is teaming up with Fujitsu to explore the creation of a data analytics business they say could empower customers with better decision-making and operational efficiency.