Artificial intelligence

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/Artificial intelligence

Synechron releases AI suite

Synechron Inc., a global financial services consulting and technology services provider, has today announced the launch of “Neo”, a set of Artificial Intelligence (AI) based solutions for the financial services industry.

/Artificial intelligence

CO-OP Financial Services turns to AI in fight against fraud

CO-OP Financial Services (co-opfs.org) is working to implement artificial intelligence to fight fraud, with a machine learning-based risk management tool to be utilized by CO-OP for its client credit unions in 2017.

Deutsche Bank opens New York innovation lab

/Artificial intelligence

Deutsche Bank opens New York innovation lab

Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London.

Poland's Alior to slash branch network in 'digital disruptor' push

/Artificial intelligence

Poland's Alior to slash branch network in 'digital disruptor' push

Poland's Alior Bank is vowing to cement its place as a leading 'digital disrupter' over the next three years, slashing the size of its branch network and pumping money into technology.

Bank of England sets up fintech Community; runs blockchain and AI trials

/Artificial intelligence

Bank of England sets up fintech Community; runs blockchain and AI trials

The Bank of England's fintech accelerator programme has launched a new community forum for innovation talks and two new proof of concept trials exploring the use of AI and distributed ledgers.

BBVA opens fintech Olympics

/Artificial intelligence

BBVA opens fintech Olympics

BBVA has amassed a EUR200,000 prize pot for the ninth edition of its Open Talent innovation competition, which the Spanish bank is billing as the world's biggest fintech challenge.

Capital One unveils emoji-speaking SMS bot

/Artificial intelligence

Capital One unveils emoji-speaking SMS bot

Capital One is piloting a natural language SMS chatbot that uses artificial intelligence to respond to customer questions, and even emojis.

/Artificial intelligence

Lantern Credit acquires ARC Machine Learning Library

Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, is enhancing its proprietary machine learning engine, Beam AI, with the acquisition of the Abstract Regression-Classification (ARC) Machine Learning Library.

/Artificial intelligence

Genpact and OutsideIQ partner on compliance offering

Genpact (NYSE:G), a global professional services firm focused on delivering effective digital transformation, and OutsideIQ, a leader in investigative cognitive computing, are teaming together to help banks and financial services companies transform mission critical due diligence operations to gain competitive advantage and increase agility to respond to market issues through faster, more effective risk management.

/Artificial intelligence

Lantern Credit boosts machine earning engine through ARC library acquisition

Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, is enhancing its proprietary machine learning engine, Beam AI, with the acquisition of the Abstract Regression-Classification (ARC) Machine Learning Library.

/Artificial intelligence

Kasisto boosts conversational AI platform

Today at the Bank Innovation Conference, Kasisto announced KAI Insights, significantly extending the capabilities of its conversational AI platform that powers smart bots and virtual assistants for financial institutions.

Canadian digital receipt firm Sensibill raises funds for international push

/Artificial intelligence

Canadian digital receipt firm Sensibill raises funds for international push

Canadian digital receipt startup Sensibill is planning to move into the US and UK after raising $17.3 million in a Series A funding round led by Information Venture Partners and OpenText Enterprise Apps Fund (OTEAF).

/Artificial intelligence

GreenKey appoints Nader Shwayhat as CEO

GreenKey, creator of an award-winning voice platform for financial market participants, announced today the appointment of Nader Shwayhat, 39, as its new Chief Executive Officer.

Millions of jobs at risk in Fourth Industrial Revolution - BofE staff blog

/Artificial intelligence

Millions of jobs at risk in Fourth Industrial Revolution - BofE staff blog

Economic arguments that the use of new technologies and artificial intelligence will lead to a reallocation of human labour to more productive tasks could be seriously wide of the mark, argues a staff paper on the Bank of England's unofficial Undergound blog, which holds out the possibility that millions of jobs may be at risk in the forthcoming 'Fourth Industrial Revolution'.

/Artificial intelligence

QuantaVerse pitches AI platform to help NY firms meet anti-terrorism transaction monitoring rules

QuantaVerse today announced that its artificial intelligence (AI) and data science-powered technology platform is uniquely designed to help banks and other regulated institutions comply with risk-based Anti-Terrorism and Anti-Money Laundering (AML) regulations, including the rule recently put into effect by the New York Department of Financial Services (DFS).

Robot workers to monitor markets for abusive trading

/Artificial intelligence

Robot workers to monitor markets for abusive trading

Japan Exchange Group and the Tokyo Stock Exchange are looking to bring artificial intelligence to bear on determining abusive trading practices in market surveillance operations.

/Artificial intelligence

FTC to run fintech forum on AI and blockchain

The Federal Trade Commission today announced the agenda for its March 9, 2017, FinTech Forum focusing on the consumer implications of two rapidly developing technologies: artificial intelligence and blockchain.

/Artificial intelligence

Communications agency Vested sets up startup incubator programme

Vested, a new communications agency for a new financial industry, today announced the launch of Vested Ventures. This new division of Vested will make strategic investments in and provide communications services to startup companies in the finance and technology space.

/Artificial intelligence

ATB Financial taps Facebook Messenger for chatbot payments

After months of extensive development and testing with Fintech start-up Finn.ai, ATB Financial has become the first full-service financial institution in North America to successfully facilitate payments using chatbot technology on Facebook Messenger.

Chatbot savings app Plum partners P2P lender Ratesetter

/Artificial intelligence

Chatbot savings app Plum partners P2P lender Ratesetter

British AI-powered savings Facebook Messenger chatbot Plum is to start steering users that are willing to take on risk in exchange for higher interest rates to P2P lender Ratesetter.

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