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EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

/wealth

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

JPMorgan to give AI training to all new hires

/ai

JPMorgan to give AI training to all new hires

JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse.

/ai

Glia releases 'Responsible AI' platform

Glia, the leader in customer interaction technology, today launched Glia Cortex, the first responsible AI platform built specifically for the financial services industry.

/cloud

Payarc to adopt AI with AWS

Payarc, a leader in innovative payment processing solutions, announces it is working with Amazon Web Services (AWS) to enhance business intelligence for its clientele. Leveraging AWS machine learning, generative artificial intelligence (gen AI), analytics, security, and business intelligence technologies such as Amazon Macie, Amazon SageMaker, Amazon Redshift, data lake Foundation on AWS, Amazon QuickSight, Amazon QuickSight Q, and Amazon Q, Payarc aims to redefine financial data analysis in the payment industry.

Kudos raises $10.2m for AI-powered smart wallet

/ai

Kudos raises $10.2m for AI-powered smart wallet

Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.

TCF 2024 day 2: ESG, AI, and the market outlook

/devops

TCF 2024 day 2: ESG, AI, and the market outlook

Benjamin Ensor, director of research and strategy at 11:FS, moderated the first panel of the day to look at a market updates. He was joined by Kanika Hope, chief strategy officer, Temenos; Dan Broten, chief technology officer, EQ Bank; and Rob Keijsers, chief digital and information Officer, ASA International.

Nasdaq boosts market surveillance with GenAI

/ai

Nasdaq boosts market surveillance with GenAI

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.

Fraud and AML Case Management: How to Operate at the Speed of Risk

/Artificial intelligence

Fraud and AML Case Management: How to Operate at the Speed of Risk

383 downloads

/ai

Modern Treasury updates reconciliation product

Modern Treasury, essential infrastructure for the new era of payments, today introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges.

/ai

M&T Bank taps nCino for credit monitoring

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that M&T Bank Corporation (“M&T”) (NYSE:MTB) an existing and long-standing nCino customer, is expanding its use of the nCino platform and integrating nCino’s Continuous Credit Monitoring Solution into its operations. The solution is powered by nIQ and leverages Rich Data Co’s (RDC) AI decisioning platform.

/wholesale

Chase for Business survey reveals tech inspiration driving SMEs

Leading financial services provider for small businesses, Chase for Business survey revealed it’s findings indicating continued optimism among small business owners and their growing willingness to invest in digital solutions.

/identity

Koodoo taps Resistant AI for document fraud checks

Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology.

Bunq makes GenAI assistant fully conversational

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/startups

AI assistant for finance Grasp raises $1.9 million

Grasp, one of the world’s first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest.

Nine-in-ten Klarna employees now use AI daily

/payments

Nine-in-ten Klarna employees now use AI daily

Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.

/crime

Romania's Salt Bank signs AML deal with Napier AI

Napier AI, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank with the fastest growing in Southeastern Europe.

MPs warn against mass government surveillance of bank accounts

/regulation

MPs warn against mass government surveillance of bank accounts

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.

UBS CEO warns of risk from delaying Credit Suisse IT integration

/wholesale

UBS CEO warns of risk from delaying Credit Suisse IT integration

UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications.

Temenos ramps up AI offensive

/retail

Temenos ramps up AI offensive

Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.

/startups

AI Squared acquires Multiwoven

AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

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