Artificial intelligence

4019 articles tagged with this keyword

/ai

Two-thirds of young adults relying on AI for financial advice

With 3 in 10 Brits feeling negative about their financial situation, conversations around financial wellbeing have never been more important.

/cloud

How Cloud Transformation is Key, But Culture Over Technology Reigns Supreme

Stepping away from a busy Sibos 2025 in Frankfurt and into the FinextraTV Studio, Magnus Haglind, Senior Vice President, Head of Capital Markets Technology, speaks about the ability for cloud technology to pull together siloed data sources, build resiliency and enable innovation. However, beyond the technology, Haglind emphasises the need for business and culture transformation over just the transformation of technologies.

/ai

FE fundinfo launches AI tool for investors

FE fundinfo, a leading financial data company connecting the investment industry across the UK, Europe and Asia Pacific, today announced the launch of Nexus AI, its purpose-built AI enablement layer designed to empower asset managers and financial advisers.

/ai

Two-thirds of bank staff using unapproved AI tools - survey

The prevalence of shadow AI, whereby bank staff are using unapproved tech, poses a growing risk to the financial services industry, suggests recently published research.

/payments

iBanFirst launches AI assistant

iBanFirst, the next-generation cross-border payment services provider, today announces the launch of iBanPay for customers operating in the UK.

/ai

CMG Financial selects Fisent BizAI to streamline mortgage loan processing

Fisent Technologies, a pioneer in Applied GenAI Process Automation, announced that CMG Financial, a nationally recognized mortgage lender that specializes in home purchase and refinance needs, selected Fisent BizAI to automate its critical underwriting and processing workflows. Key mortgage origination processes will be streamlined and accelerated by Fisent's solution, resulting in significant operational improvements for CMG Financial.

/ai

Juniper Square buys Tenor Digital to expand private credit solutions

Juniper Square, the fund operations partner to more than 2,000 private markets GPs, today announced the acquisition of Tenor Digital, an AI-enabled platform purpose-built for private credit lenders and loan administrators.

/people

OpenAI acquires AI-powered personal investing app

OpenAI has acquired AI-powered personal finance app Roi in a deal that secures the services of the latter's CEO Sujith Vishwajith.

/ai

Solvrays and Penn River tackle life and annuities back office friction

Solvrays, a leader in AI-powered workflow orchestration for insurance operations, today announced a strategic partnership with Penn River, a cloud-native life and annuities policy administration platform.

/ai

69% of CEOs to allocate over 10% of budgets to AI over the next 12 months

CEO confidence in the global economy has hit a five-year low, according to the KPMG 2025 Global CEO Outlook, as corporate leaders focus strategic investments in AI, talent and risk resilience to sustain and fuel future growth.

/ai

Moody’s warns slow AI adoption could erode margins and market share

Artificial intelligence is no longer just a technology; it’s a credit risk. That’s the message from Moody’s Ratings in its latest update to the AI Corporate Heatmap, which assesses the impact of AI advances on corporate creditworthiness through 2030.

/ai

How Structured Data is Key to Leveraging AI in Core Banking

Joining the virtual studio for a FinextraTV interview, Barb Morgan, Chief Product and Technology Officer, Temenos helps to shine a light on how artificial intelligence is helping to evolve core banking processes. Discussing how these AI boosts have been implemented to keep up with evolving customer expectations, Morgan provided insights into how banks are focussing investment into having clean, high quality structured data.

/markets

BGC Group acquires Macro Hive

BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, today announced the acquisition of Macro Hive Limited (“Macro Hive”), a leading provider of global macro market analytics and strategy.

/ai

Bud launches MCP server for AI-driven banking

Bud Financial (“Bud”), the AI platform that turns banking data into actionable insights, today announced the release of the Bud MCP server, enabling rapid development of AI agents that benefit from a deep, real-time understanding of users’ finances.

/startups

Irish startup Leapifai launches digital tax copilot

Leapifai, a pioneering Irish fintech start-up, today announced the launch of its novel digital tax copilot platform, designed to modernise tax compliance to create efficiencies that allow accountants as well as financial advisors to serve more clients.

/ai

Feedzai hits $2bn valuation

AI-based financial crime detection platform Feedzai has hit a $2 billion valuation off the back of a $75 million funding round.

/Sibos

Sibos 2025: BBH’s Adrian Whelan on overcoming obstacles in ESG and DEI policy

At Sibos 2025 in Frankfurt, Finextra spoke to Adrian Whelan, global head of market intelligence at Brown Brothers Harriman (BBH), on data scarcity, environmental, social, and governance (ESG) investing, how the industry is handling diversity and inclusion in the current political landscape.

/wealth

Wealth app Chip scores £6m investment from Channel 4 VC arm

Chip has secured its first institutional investment, with the venture capital unit of UK TV station Channel 4 pumping £6 million into the digital wealth app at a £208 million valuation.