Artificial intelligence

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Hedge fund boss welcomes day when computers take over

The president of one of the world's largest hedge funds has told an audience of fund managers that he looks forward to the day when they will all be replaced by computers.

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Cybersecurity startup valued at $1bn

Cylance, a cybersecurity startup that uses algorithms and artificial intelligence, has been valued at $1bn following a round of fundraising that secured more than $100m in private equity investment.

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OutsideIQ and Alacra partner for AI-based due diligence reporting

Regulatory SaaS technology leader Opus announced today that Alacra, its KYC and reference data management platform, has signed a distribution partnership with OutsideIQ, the leader in risk-focused, artificial intelligence software.

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UK broker to launch trading on Facebook app

Retail investors may soon be able to buy and sell shares via Facebook's messenger platform after UK fund supermarket AJ Bell announced plans to launch a new trading service in the next three months.

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Finance execs back blockchain and AI potential - survey

Synechron, Inc., a global consulting and technology innovator in the financial services industry, today released the results of a survey conducted by the TABB Group for Synechron on the potential of blockchain and artificial intelligence (AI) in financial services.

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Japan's SBI Holdings looks to raise $275m for fintech fund

Japanese financial conglomerate SBI Holdings has set its stall out as a central player in the fintech ecosystem, promising to aggressively adopt new technology and build a network of startups through a $275 million venture fund.

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Deutsche Bank crowdstorms AI ideas

Deutsche Bank is "crowdstorming" ideas on how artificial intelligence can be used in the financial services industry, inviting people to submit their concepts for the chance to develop them at the German giant's innovation labs and win cash prizes.

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AI, algo-banking, blockchain, cryptocurrencies and robo-advice form growth of Australian fintech

Fintech is a disrupting force and a decentralising movement in the financial services sector.

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VirtusaPolaris and WorkFusion to deliver robotic automation

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, Ltd. and a leading worldwide provider of information technology (IT) consulting and outsourcing services, and WorkFusion, the leading smart process automation (SPA) provider, today announced a partnership to deliver new smart automation solutions for the banking and financial services (BFS) market.

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Absa to trial AI-driven chatbots to answer customer queries

Barclays' South African subsidiary Absa is to embark on a trial of chatbots, using artificial intelligence to answer simple customer queries posted over popular smart messaging apps.

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Capital markets AI startup Almax Analytics closes seed funding round

Almax Analytics, Artificial Intelligence for News Insights in Capital Markets, announced today financing of the initial growth and development for its technology (the seed round) has been closed in London.

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Hong Kong to get new mobile bank

Neat, a mobile banking startup in Hong Kong that blends machine intelligence with biometric security, has opened its waiting list to university students and young professionals with a view to a Q2 2016 launch.

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Micronotes taps AI for cross-sell suite

Micronotes, a cloud-based marketing automation company for financial institutions, today announced a suite of new products that enable bank marketers to effectively cross-sell using artificial intelligence and machine learning.

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Atom Bank to deploy 'intelligent software' to answer customer queries

Atom Bank is to augment its mobile banking service with machine learning technology from Xerox subsidiary WDS, to provide customers with answers to queries from an AI bot within the app.

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Mizuho Bank taps IBM's Watson to give robot branch workers an IQ boost

Tellers beware: Japan's Mizuho Bank is about to deploy robots that have been supercharged by IBM's Watson cognitive computing platform in several of its branches.

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Meet Luvo, Royal Bank of Scotland's new virtual assistant

Royal Bank of Scotland is to explore the potential of using an AI bot to answer customer queries following a successful two-month trial of the technology among 1200 staff.

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Ravn Systems releases automated data extraction platform for ISDA

Ravn Systems, experts in Artificial Intelligence, Enterprise Search, Unstructured Big Data and Knowledge Management, announced today the release of Ravn ACE for automated data extraction for ISDA (International Swaps and Derivatives Association) Master Agreements and Credit Support Annexes (CSAs) using Artificial Intelligence.

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Genpact and Arria NLG partner to harness artificial intelligence

Genpact (NYSE: G), the architect of the Lean DigitalSM enterprise, and Arria NLG (AIM: NLG), a world leader in artificial intelligence and natural language generation, are partnering to help banks, financial services companies, and other enterprises dramatically transform how they leverage automation and run complex business reporting processes.

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Bango provides app stores with carrier billing platform

Mobile payments leader Bango (AIM: BGO) announces Bango Grid – a new and unique product that enables app stores to launch and manage carrier billing markets with unparalleled ease, as they grow global mobile content sales.

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Wirecard and Rocket Internet enter strategic partnership

The technology services provider Wirecard AG has finalised a cooperation agreement with Rocket Internet AG.