Latest Artificial intelligence News: Finextra Research

GV invests in expense monitoring startup Digits

US fintech Digits is launching its expense monitoring dashboard for small businesses after closing a $22 million Series B funding round led by GV (previously Google Ventures).

28 April 2020

News/sustainable

Antony Jenkins on sustainability: ‘You can’t please everyone’

In conversation with Finextra TV, Antony Jenkins, founder and executive chairman of 10x Future Technologies and former Barclays CEO, highlights that the single most important factor in the push toward sustainability is transparency.

27 April 2020

News/regulation

Abu Dhabi Global Market taps regtech startup to automate licence applications

Regtech startup Nexus FrontierTech has joined forces with Abu Dhabi Global Markets (ADGM) to pilot an AI-based system to automate the licence application process for VC fund managers entering the emirate.

27 April 2020

News/crypto

LG CNS trials pay-by-face with digital currency

South Korea's LG CNS is trialling a pay-by-face system at its staff cafeteria that uses AI, blockchain and cloud technology to let people pay with a special "community currency".

23 April 2020

Company update/payments

Temenos releases explainable AI model to speed up loan approvals

Temenos (SIX: TEMN), the banking software company, announced today the launch of Explainable AI (XAI) models to enable banks and credit unions to rapidly offer loans to small and medium enterprises (SMEs) that have seen their cash flow disrupted by the Covid-19 outbreak.

23 April 2020

Company update/regulation

FMSB publishes Spotlight Review on algorithmic trading and machine learning

The FICC Markets Standards Board (FMSB) has today published its first Spotlight Review, looking at emerging themes and challenges in algorithmic trading and machine learning.

23 April 2020

Company update/retail

Former HSBC innovation chief Chazot preps short online fintech programme

CFTE launches the "Certificate in FinTech and Digital Finance", an interactive 2-week online programme to prepare professionals to the post-pandemic transformation of finance.

22 April 2020

News/retail

Meet Wendy, Westpac’s latest AI recruit

Westpac's latest AI recruit, Wendy, is capable of recognising and responding to customers' emotions as they chat onscreen through the webcam.

21 April 2020

News/identity

Digital ID outfit Onfido raises $100m

London-based identity verification and authentication company Onfido has raised $100 million in a funding round led by TPG Growth.

16 April 2020

News/payments

Previse raises $11 million to help businesses get paid faster

Invoice financing platform Previse has raised $11 million in a funding round led by Reefknot Investments and Mastercard, with participation from existing investors Bessemer Venture Partners, Hambro Perks and Augmentum Fintech.

16 April 2020

Company update/wholesale

Envoy partners TradeSun on AI document processing

Today, Envoy Group announces that it has teamed up with TradeSun to offer an automated document reviewing process which will significantly reduce the time taken to complete trade finance transactions.

15 April 2020

Company update/crime

Avaloq and Actico expand strategic partnership to prevent financial crime

Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning.

15 April 2020

Company update/retail

Kryon unveils ConsoleX for full-cycle automation analysis

Kryon, the leading full-cycle automation solution provider known for its customer-centric approach to robotic process automation (RPA) and process discovery, today unveils ConsoleX, an advanced web-based management and monitoring dashboard that lets its users configure, schedule and manage virtual workforces comprised of Kryon robots from any location, all in real time.

14 April 2020

Company update/crime

Kompli-Global unveils remote corporate onboarding platform

Kompli-Global, the leading RegTech AML specialist, is taking the fight to fraudsters and money launderers, as it today unveils Kompli-QED, the most comprehensive remote corporate onboarding platform.

14 April 2020

Company update/wealth

Finantix confirms closing of acquisition of InCube

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, confirms the closing of its acquisition of InCube Group AG on April 8 2020.

09 April 2020

Company update/retail

Customers Bank enlists OakNorth to boost credit monitoring and portfolio management

OakNorth, the next-generation credit and monitoring platform, today announces the signing of a commercial agreement with Customers Bank (NYSE: CUBI), which is a full-service bank that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families.

08 April 2020

News/covid-19

Google launches bot to help organisations answer Covid-19 questions

Google Cloud has launched a rapid response AI chatbot to help organisations, such as banks, handle ballooning customer service queries during the Covid-19 pandemic.

08 April 2020

Company update/retail

Credit Hero gets a digital boost in lending with Salt Edge

Credit Hero, an online lender from Hong Kong, teamed up with Salt Edge, a leader in offering open banking solutions, to access borrowers’ bank data at digital speed and eliminate the traditional paper chase.

08 April 2020

News/retail

Hang Seng Bank's virtual assistant Haro joins WhatsApp

Hang Seng Bank has introduced a new chat contact for WhatsApp users in Hong Kong, providing a direct connection to its retail virtual assistant Haro.

06 April 2020

News/security

Banks should be cautious with use of AI in cybersecurity

Cybersecurity technology is rapidly evolving and adapting to changing threats thanks to machine learning. However, AI is just one part of handling cyber threats, and financial institutions should be cautious about placing full reliance on it.

06 April 2020