Latest Artificial intelligence News: Finextra Research

Finextra & Eastnets unveil new data on the global state of trade-based financial crime

Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

27 September 2024

Company update/markets

Douugh to acquire US B2B fintech platform services business R-DBX

Douugh Ltd (ASX:DOU) (Company or DOU) is pleased to announce it has signed a binding share purchase agreement to acquire US B2B fintech platform services business Radical DBX, Inc. (EIN 93-4813022) (R-DBX) (Proposed Transaction).

27 September 2024

Research/Artificial intelligenceImpact Study

Adding GenAI To Your Fraud Prevention Strategy

27 September 2024 414 downloads

News/ai

Visa to buy UK fraud fighting tech provider Featurespace

Visa has signed a definitive agreement to acquire British AI-powered financial fraud fighting outfit Featurespace for an undisclosed sum.

26 September 2024

News/ai

Bank of England to form AI consortium

The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.

26 September 2024

News/ai

Firms struggling to find RoI for AI projects

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

26 September 2024

Company update/Artificial intelligence

financial intelligence outfit KOIOS raises $5m

KOIOS, a leader in financial intelligence solutions, announced today the completion of its seed funding rounds.

25 September 2024

Company update/ai

Finastra bolsters lending business

Finastra today announced the appointment of Andrew Bateman in the role of EVP, Lending.

25 September 2024

AI validation and governance: How banks are securing their AI models

Long read/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

AI validation and governance: How banks are securing their AI models

25 September 2024

Company update/ai

Dotfile raises €6m for AI-powered compliance

Today, Dotfile, a French RegTech company created in 2021 within the startup studio Hexa (fka eFounders), announces a €6M fundraising, just over a year after a first round of €2.5M.

25 September 2024

Company update/ai

Ataccama launches partner programme for data management

Ataccama, an AI-powered data management company, has launched a new partner program for solution partners to enable them to provide financial services businesses with bespoke accredited services, enabling them to scale their data management practices and grow with their business.

25 September 2024

News/ai

Israeli regulator gives AI chatbot go-ahead to provide stock-picking advice

AI startup Bridgewise has been given the green light by Israeli regulators to launch a chatbot that gives advice on buying and selling stocks.

25 September 2024

Research/Artificial intelligenceSurvey

The Global Fight Against Trade-Based Financial Crime

25 September 2024 292 downloads

Company update/ai

Banks to use GenAI for shift to instant payments

New research from RedCompass Labs, a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

24 September 2024

Company update/ai

Bud launches 'agentic' AI banking capabilities

Bud Financial (“Bud”), the AI-powered financial data platform for banks, has been building models with transaction data since 2015. Today, Bud announces its first agentic banking capability for financial institutions, a consumer agent that can be embedded into its GenAI and customer-facing product suite to help individuals optimise their finances.

24 September 2024

News/ai

NextGen: AI – A sneak peek of speakers and attendees

Finextra launches its inaugural Next:Gen AI event on 26 November 2024. Join us in London to help redefine what’s possible.

24 September 2024

Company update/startups

Scalapay co-founder raises $3.3m for new venture

Desia, a system of intelligence and AI productivity for investment professionals, is today announcing a $3.3 million pre-seed funding round led by Dig Ventures. The investment will fund the company's development and growth, which ultimately aims to transform the financial investment industry.

24 September 2024

Company update/ai