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SAP Financial Services Forum, London - Day 2 live blog

/Artificial intelligence

SAP Financial Services Forum, London - Day 2 live blog

Welcome to Finextra's live coverage from Day 2 of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

/Artificial intelligence

Previse secures £2 million seed funding for AI-based instant B2B payments service for SMEs

Previse, a fintech start-up, announces the successful completion of a seed funding round worth £2 million.

SAP Financial Services Forum, London - Day 1 live blog

/Artificial intelligence

SAP Financial Services Forum, London - Day 1 live blog

Welcome to Finextra's live coverage of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The two-day agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

/Artificial intelligence

Don't fear the rise of the robots, says UK tech sector

Despite fears that the introduction of artificial intelligence (AI) and robotics into the workforce will usurp jobs, 85 percent of tech experts believe they will have a positive effect on the UK economy within the next five years, according to research from Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors.

NatWest pilots AI technology to flag compliance fails in sales conversations

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NatWest pilots AI technology to flag compliance fails in sales conversations

NatWest is trialling the use of artificial intelligence technology from a company set up by a former FSA regulator to monitor and analyse the context of sales conversations recorded between clients and front-life staff.

Nova joins the robot revolution at Nordea

/Artificial intelligence

Nova joins the robot revolution at Nordea

Nordea Life and Pensions in Norway has welcomed its latest recruit, Nova, an AI-based chatbot that has been trained to respond to customer questions relating to pension and insurance in Norwegian.

/Artificial intelligence

Waymark Tech introduces AI tool to identify crossover between financial regulations

Waymark Tech, a leading provider of regulatory intelligence software, today announced the launch of a new AI-powered tool that automatically identifies regulatory crossovers and conflicts between incoming regulations, such as MiFID II, GDPR, and PRIIPS.

/Artificial intelligence

Gemalto applies biometrics and machine learning to counter online banking fraud

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is launching the Gemalto Assurance Hub, a groundbreaking approach to fraud prevention in online banking.

/Artificial intelligence

AI to drive GDP gains of $15.7 trillion - PwC

Global GDP will be 14% higher in 2030 as a result of AI - the equivalent of an additional $15.7 trillion. This makes it the biggest commercial opportunity in today's fast changing economy according to new research by PwC.

Nomura Asset Management trials AI for investment decision making

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Nomura Asset Management trials AI for investment decision making

Japan's Nomura Asset Management (NAM) has tapped artificial intelligence (AI) to quantitatively assess text from news websites and blogs, using the results to help portfolio managers make investment decisions.

/Artificial intelligence

Big data outfit Quantexa sets up shop in Sydney

Quantexa, the disruptive big data and analytics company backed by HSBC and Albion Ventures, has furthered its international expansion by opening a new office in Sydney, Australia.

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Citi and Paysafe first to deploy Mastercard AI tool

Customers of Citi in the UK and Paysafe are the first to benefit from Decision Intelligence, the first use of artificial intelligence implemented on a global scale directly on the Mastercard network.

/Artificial intelligence

Wirecard releases AI-powered omnichannel ePOS Suite

Artificial intelligence is shaping the future of retail. Smart algorithms and data analyses are creating sustainable performance benefits across all levels of the retail supply chain.

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AI could increase corporate profitability by 38% - Accenture

Businesses that successfully apply artificial intelligence (AI) could increase profitability by an average of 38 percent by 2035, according to a new report from Accenture (NYSE: ACN).

/Artificial intelligence

Personetics puts money management on autopilot with AI

Personetics, the leading provider of cognitive applications for the financial services sector, is taking AI-powered banking to the next level with the launch of Personetics Act.

/Artificial intelligence

Leumi Card fights fraud with Feedzai AI platform

Leumi Card, one of Israel’s leading consumer credit card service providers, will implement Feedzai’s Artificial Intelligence (AI) platform to enhance its fraud detection and prevention capabilities, while continuing to provide a frictionless omnichannel experience for its customers.

/Artificial intelligence

DFS Lab invests $250,000 in four African fintechs

Digital Financial Services Lab (DFS Lab) today announced it would invest $250,000 in four separate fintech startups that are building products that help low-income consumers in developing markets. Inclusive (based in Ghana), Pula (based in Kenya), Pezesha, (based in Kenya), and Teller, (based in the United States), were each selected for financing after presenting their products at DFS Lab's Fintech BootCamp in Sri Lanka earlier this year.

/Artificial intelligence

KBC's K'Ching app introduces AI chatbot for youth market

As from today the latest version of the KBC K’Ching app, the KBC mobile banking app for youngsters, will be available in app stores for all K’Ching users. This latest version allows users to communicate through instant messaging with the app through an artificial intelligence (AI) chatbot.

/Artificial intelligence

Nuance launches Nina Coach to train and deploy virtual assistants

Nuance Communications has launched Nina Coach, a solution to help organisations train, deploy and improve virtual assistants faster than ever before by tapping into artificial intelligence and leveraging existing human knowledge.

/Artificial intelligence

The ai Corporation releases machine learning tools to combat ACH fraud

Fraud and risk management experts, The ai Corporation (ai), has developed a suite of self-service machine-learning products that enable banks to directly fight growing ACH fraud.

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