Artificial intelligence

310 articles tagged with this keyword

/regulation

FSB Asia addresses cross-border payments, AI and climate change

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Colombo.

/markets

Alphabet and Microsoft shares soar thanks to AI investments

Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.

/inclusion

Economic conditions, energy, cost of living rank highly in ethical risk factors for UK businesses

What is ethical risk? Ethical risk consists of the risks that could impede an organisation’s ability to live up to its ethical values and standards which impact consumer trust, reputation, and financial performance.

/devops

The Bank of London turns on GenAI coding assistant

The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.

/payments

Pivotal trends for sustainable growth in financial services

Amidst the evolving financial services landscape, three pivotal trends have emerged: operational resilience, generative artificial intelligence, and modernisation. As institutions navigate the complexities of digital transformation, the importance of building resilient systems, harnessing the power of gen AI responsibly, and modernising tech stacks becomes increasingly evident. In a conversation with Monica Sasso, Global Financial Services Digital Transformation Lead at Red Hat, we delve into these trends, exploring their implications and the strategies needed for sustainable growth.

/security

Mastercard harnesses AI to take on scammers

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

/payments

Stripe unveils slate of new features

Stripe, a financial infrastructure platform for businesses, today announced more than 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco.

/devops

NextGen Nordics 2024: Where will AI lead us?

In the last panel of NextGen Nordics 2024 in Stockholm, ‘The future of AI - crystallising the potential of this technology’ speakers explored how AI and new trends in tech are impacting the payments industry.

/cloud

Zilch to leverage AI with Amazon Web Services

Zilch, the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of AI innovation across the Zilch proposition.

/startups

Conversational AI insurtech PeppercornAI raises £3.25m

Insurtech PeppercornAI has raised £3.25 million in its latest funding round. The funding, of which Wealth Club raised £1.9m, included high net worth investors, existing investors EHE Capital and Angels Invest Wales.

/regulation

ComplyAdvantage buys Golden to boost financial crime intelligence

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

/markets

NextGen Nordics 2024: NPC promoting innovation and harmonisation in the Nordics

NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.

/regulation

Verafin unveils Entity Research Copilot

Verafin, a Nasdaq company, renowned for its expertise in applying artificial intelligence (AI) and big data technologies to fight crime, announces the launch of Entity Research Copilot, the first of its integrated Copilot capabilities, bolstering its suite of financial crime management solutions.

/security

Basware debuts AI-based fraud protection product

Basware, a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud.

/markets

Imandra ships AI assistant for FIX Connectivity

Imandra Inc., the AI company pioneering industrial automated reasoning, today announced the launch of FIX Wizard for its FIX Connectivity suite used by banks and trading firms.

/inclusion

Wagestream raises £17.5m

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

/markets

Isda provides furture perspective on GenAi in the derivatives market

This ISDA Future Leaders in Derivatives (IFLD) whitepaper sets out guidance for industry stakeholders, regulators and technology providers seeking to harness the power of generative artificial intelligence (genAI) in transforming the over-the-counter (OTC) derivatives market.

/wholesale

Bian adds 19 members

Bian, the independent not-for-profit standards association, is announcing that 19 new members have joined the growing organization, bringing the total number of members to 98. This momentum has helped BIAN further its commitment to forging a new era of banking.

/markets

Bridgewise closes $21m funding round

Bridgewise, the innovative AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million.

/wholesale

Wells Fargo chooses TradeSun to digitise trade finance

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence (AI) and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry.