Artificial intelligence

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/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).

/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.

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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.

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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.

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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.

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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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BNY Mellon seeks blockchain experts for new emerging biz and tech team

BNY Mellon is looking to staff up a new team with a mandate to investigate business disruptive emerging technologies such as blockchain, AI and robotics.

/Artificial intelligence

Global fintech funding plunges in 2016 but expected to regain momentum in 2017

Funding for fintech companies around the world plummeted in 2016, with American and European firms experiencing a particularly sharp drop in investment, according to a report from KPMG and PitchBook which nevertheless predicts a bumper 2017.

/Artificial intelligence

Kevin the bot uses blockchain to offer insurance for P2P transactions

Madrid-based online reputation startup Traity has launched a chatbot that uses an "open blockchain balance sheet" to provide micro-insurance for people carrying out P2P transactions

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Wells Fargo refines innovation effort; zones in on payments, AI and APIs

Wells Fargo is putting the finishing touches to its innovation programme, creating new divisions to focus on emerging opportunities in payments, artificial intelligence and APIs.

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Sberbank launches machine learning-based assistant

Russia's Sberbank has introduced an online personal assistant that uses machine learning to provide customers with useful advice and recommendations tailored to their individual financial circumstances and lifestyles.

/Artificial intelligence

Meet Rita; Revolut's troubleshooting digital assistant

European money app Revolut has jumped aboard the chatbot train, launching an assistant, called Rita, to help customers with hundreds of questions.

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Visa bids to strengthen Silicon Valley ties with new Palo Alto site

Stressing its technology credentials, Visa has opened a massive new office in Silicon Valley to house its data and research teams.

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Spanish mobile bank imaginBank rolls out Facebook Messenger chatbot

ImaginBank, the CaixaBank mobile-only bank, has launched the Spanish banking industry’s first ever chatbot, offering special promotions to users on Facebook Messenger.

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Pelican applies AI to fight Swift and wire transfer fraud

Pelican, a global provider of payments and compliance solutions for banks and corporates, today unveiled its PelicanSecure Fraud Prevention solution.

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TruValue Labs hires talent from Thomson Reuters and Sasb

TruValue Labs, the leading company in timely, AI-driven ESG risk and opportunity data, is proud to announce two major hires.

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Machine intelligence to transform industry - Nasdaq chief

Machine intelligence, not blockchain or cloud technology, will have the biggest impact on the exchange industry, predicts new Nasdaq CEO Adena Friedman.

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BNP Paribas takes stake in AI-based compliance startup

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data.

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Personal Finance bot Cleo arrives on Messenger

Cleo, a chatbot that is aiming to become the Siri of personal finance, has arrived on Facebook Messenger after picking up backing from a host of big names, including the founders of Skype and Wonga.

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Scotiabank ploughs $1 million into NextAI

As part of its growing leadership in the digital economy, today Scotiabank announced a three-year sponsorship of NextAI to support Canadian youth and entrepreneurship in the growing field of artificial intelligence (AI).