Artificial intelligence

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/Artificial intelligence

Trade finance startup Traydstream names Citi veteran Sameer Sehgal CEO

London-based (Trade Finance) FinTech firm, Traydstream has appointed Citi Bank’s ex – Head of Trade for Europe, Middle-East & Africa (EMEA), Sameer Sehgal, as its Chief Executive Officer (CEO). He brings over 22 years’ expertise in Trade, having held several senior roles over the years.

/Artificial intelligence

The ai Corporation employs machine learning to combat fuel card fraud

Fraud and risk management experts, The ai Corporation (ai), are helping global retailers to combat fraudulent use of fuel cards, and protect users, using artificial intelligence (A.I.) and machine-learning (ML), in a move that will revolutionise the global retail industry’s use of fuel cards.

Experimentation and failure key for innovation

/Artificial intelligence

Experimentation and failure key for innovation

Nektarios Liolios, Co-Founder & CEO of Startupbootcamp, and Anton Tomic Global Head of Financial Services Business Development, SAP, talk at the SAP Financial Services Forum about innovation and how it requires both an acceleration in engagement and investment, as well as a joining of forces between internal and external efforts to innovate.

/Artificial intelligence

DBS launches Digibank in Indonesia

DBS Bank, a leading bank in Asia, today officially unveiled digibank by DBS (digibank), a groundbreaking mobile-led bank, in Indonesia.

/Artificial intelligence

Robo-advisor Bambu recruits three new investors

Bambu, a B2B robo-advisor platform provider, announces it has completed a funding round led by three new investors.

/Artificial intelligence

Emirates NBD's AI banking robot learns Arabic

Emirates NBD’s Pepper has now learnt to speak Arabic! The artificial intelligence (AI) powered humanoid robot, brought to the UAE by Emirates NBD last year, has been widely popular due to his novel proposition and charming personality, and will now also cater to the bank’s Arabic-speaking customers.

/Artificial intelligence

RBC pilots AI-based financial insight tools

Walk the dog, make lunch, dash out the door to work, pay bills, buy groceries on the way home, binge-watch your favourite series, reset and start all over again tomorrow.

/Artificial intelligence

Corlytics named by Allen & Overy in its regtech programme

Magic Circle law firm, Allen & Overy, has named Corlytics as one of the eight companies selected to move into its Fuse programme. Fuse is a newly launched innovation space where its lawyers and technology firms team up to develop legal, regulatory and deal-related improvements.

/Artificial intelligence

Mizuho Bank employs IBM Watson to fight financial crime

Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) and IBM Japan, Ltd. (General Manager: Elly Keinan) today announced that Mizuho Bank begun to verify operations towards more advanced and efficient risk management by employing cognitive technology *1 to take measures against financial crimes such as terrorism financing that governments across the world urge financial institutions to regulate more severely.

/Artificial intelligence

Personal finance app Douugh moves into beta

Douugh, a fintech banking challenger founded on an Artificial Intelligence (AI) first approach to enabling financial wellness, is introducing an AI-powered financial platform guided by Sophie - a 24/7 personal assistant for finances.

Bank of America applies AI to streamline client payment processing

/Artificial intelligence

Bank of America applies AI to streamline client payment processing

Bank of America has worked with fintech startup High Radius to apply artificial intelligence to corporate processing of accounts receivables.

TD Ameritrade pairs AI with human support for Facebook Messenger service

/Artificial intelligence

TD Ameritrade pairs AI with human support for Facebook Messenger service

US brokerage TD Ameritrade is to provide financial market updates, investor education and client account access to retail investors through Facebook Messenger.

China Citic and Baidu to rely on AI for joint venture bank

/Artificial intelligence

China Citic and Baidu to rely on AI for joint venture bank

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

CBA puts Chip CANdroid to work at Sydney Airport

/Artificial intelligence

CBA puts Chip CANdroid to work at Sydney Airport

Commonwealth Bank of Australia is putting its experimental humanoid robot Chip to work at Sydney Airport to assist Air New Zealand customers as they check in at the gate prior to boarding.

DBS to invest SG$20 million to create digital workforce

/Artificial intelligence

DBS to invest SG$20 million to create digital workforce

Singapore's DBS is to invest SG$20 million over five years on a new 'digital curriculum' to educate its 10,000 Singapore employees on disruptive trends and emerging technologies that are reshaping financial services.

Hyper Anna raises $16 million to address shortage of data scientists with virtual agent

/Artificial intelligence

Hyper Anna raises $16 million to address shortage of data scientists with virtual agent

Hyper Anna, a Sydney-based Australian start-up that provides financial services organisations with a virtual data scientist which is available at the touch of a button, has secured a $16 million series A funding round.

/Artificial intelligence

Compliance.ai launches Regulatory Heroes recruitment drive

Compliance.ai announces its search for Regulatory Heroes to assist as "Experts in the Loop" (EITL) for classifying and ranking regulatory documents on its AI-powered financial regulatory platform.

/Artificial intelligence

Zoot and Credit Kudos forge credit scoring alliance

Zoot, a global provider of advanced instant credit decisioning, risk management, loan origination and workflow management solutions, announced today a partnership with Credit Kudos, a technology start-up that uses consumer transaction data to build highly accurate and transparent credit scorecards and affordability metrics.

/Artificial intelligence

The ai Corporation launches payments fraud outsourcing model

The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model.

PayPal to open innovation labs in India

/Artificial intelligence

PayPal to open innovation labs in India

PayPal is to open two new innovation labs in India to tap into the local talent pool and the country's expertise in AI, data science, virtual reality and the Internet of Things.

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