Artificial intelligence

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Fintech Sentiment: EU AI Act comes into effect

/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

Fintech Sentiment: EU AI Act comes into effect

/regulation

Tuum forms partnership with ComplyAdvantage,

Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence.

Finextra is getting a new look!

/people

Finextra is getting a new look!

We’re excited to go live with Finextra’s new website next week.

Mexican fintech Aviva raises $5.5m

/inclusion

Mexican fintech Aviva raises $5.5m

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

Bourgeois Boheme raises €6.5m for financial platform for the rich

/startups

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

/ai

European Artificial Intelligence Act comes into force

Today, the European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, enters into force.

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

/payments

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts using search for. This is why traditional AI must be used alongside Generative AI.

/ai

Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

/ai

Fintech VC fund Cedar-IBSi Capital invests in Cogniquest

Early-stage FinTech VC fund, Cedar-IBSi Capital, has announced its first investment in Cogniquest, an AI-ML Intelligent Document Processing company that is seeking to focus on document automation for Financial Services institutions.

Tech leadership change at Wells Fargo sees Kerrins take up new Gen AI role

/people

Tech leadership change at Wells Fargo sees Kerrins take up new Gen AI role

Wells Fargo has appointed a new head of technology and shunted current CIO Tracaey Kerrins to head up a newly-created Generative AI team.

ThetaRay boosts AI financial crime detection with Screena acquisition

/ai

ThetaRay boosts AI financial crime detection with Screena acquisition

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.

/ai

EarnUp unveils AI Advisor

EarnUp Inc., a financial wellness fintech company, announced today its newest product, AI Advisor, the industry’s first and only always-on AI-powered financial guru that helps to automate end-to-end consumer financial wellness.

JPMorgan rolls out Generative AI 'research analyst' to staff

/ai

JPMorgan rolls out Generative AI 'research analyst' to staff

JPMorgan Chase has rolled out an inhouse developed Generative AI chatbot to staff, likening it to a having a research analyst at your desk.

AI spending races ahead among European banks

/Artificial intelligence

Jay Nair EVP at Infosys Limited

AI spending races ahead among European banks

/security

Lynx to scale AI fraud detection business with NTT Data

NTT DATA, a global leader in business and technology services, today announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection.

Lloyds and Nationwide invest in Scottish AI fintech Aveni

/ai

Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11 million Series A funding round in Scottish AI fintech Aveni.

/ai

Adesso launches GenAI tool to support financial services firms with Dora compliance of contracts

adesso, a leading global IT services provider, is rolling out a new generative AI tool to help financial services firms review contracts in adherence with the European Union's Digital Operational Resilience Act (DORA) directive.

The AI revolution in financial services: Transforming banking and investment

/Artificial intelligence

Apostolos Kritikopoulos Group CTO at Profile software

The AI revolution in financial services: Transforming banking and investment

/ai

Eltropy rolls out AI suite built exclusively for credit unions and community banks

Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced the general availability of the industry’s most advanced Safe-AI suite built exclusively for credit unions and community banks.

EToro launches AI-generated ad campaign

/ai

EToro launches AI-generated ad campaign

Trading and investing platform eToro is launching an AI-generated advertising campaign for the Paris Olympics.

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