Artificial intelligence

News/ai

Eviden and Ordo pilot open banking-based bill payment platform

Atos Group unit Eviden is teaming up with fintech Ordo and blockchain company ByzGen to pilot an open banking-based bill payment service.

12 December 2024

News/ai

AML firm Themis raises £7.25m

Financial crime prevention platform Themis has raised £7.25 million in scale-up funding.

12 December 2024

Finextra TV/ai

Why Only 20% of Your Data is Valuable

One factor to apprehensive AI adoption is the overwhelm organisations feel when approaching their data, especially those that are not yet digital first. While attending Finextra’s inaugural ‘NextGenAI’ event, Jonathan Ede, Director of Data Technology, CACI joined the studio to discuss his belief that only 20% of data is valuable. This in mind, he explains, enables organisations to approach AI and digitisation much more effectively and efficiently, whilst listing the pillars of AI: strategy, data and integration.

11 December 2024

Long read/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

Which are the most impactful AI use cases for financial services?

11 December 2024

News/ai

ThetaRay partners Microsoft for GenAI financial crime detection suite

ThetaRay has integrated with Microsoft Azure OpenAI Service to develop a GenAI financial crime detection suite.

10 December 2024

Long read/Artificial intelligence

Hamish Monk Senior Reporter at Finextra

How AI can be embraced by financial services

10 December 2024

News/people

Trump taps ex-PayPal COO Sacks as crypto and AI czar

Donald Trump says he is appointing former PayPal chief operating officer David Sacks as "White House AI and Crypto Czar".

06 December 2024

News/ai

Zopa raises £68 million in equity funding

The funding will support growth ahead of the launch of Zopa's flagship current account and GenAI proposition in 2025.

06 December 2024

Finextra TV/predictions

For Innovative AI Deployment, Collaboration is the Key

At Finextra’s inaugural NextGenAI event, Roberto Napolitano, CMO, Innovate Finance discussed his belief in collaboration as the key to AI success in this interview in the FinextraTV studio. In addition to the need to upskill the individual and predictions around personalised finance increasing, Napolitano stressed the importance of a holistic approach to AI innovation.

06 December 2024

Finextra TV/ai

AI in the Workplace: Upskilling, Ethics and The Fear Index

In June 2024, The City of London produced a report on The Future of AI, analysing its prospects and the roles and tasks associated. In this interview with FinextraTV, Madush Gupta, Lead Member for Innovation and Technology, City of London shares further insights into how that report remains relevant today and will continue to be. In it, Gupta addresses challenges surrounding upskilling, effective education and a shift in perception, referencing a decline in The Fear Index.

05 December 2024

Finextra TV/ai

Is GenAI A Solution in Search of a Problem?

Amidst the talk of Generative AI at Finextra’s ‘NextGenAI’ event, David Tracy, Head of Data Products, Smart Data Foundry questioned whether the best case use had been found yet. Joining the FinextraTV studio, he discussed his belief that traditional AI such as Machine Learning is approaching its next evolution, but that he’s excited to see an application of GenAI that feels revolutionary. Whilst discussing this, he went further to talk about how to approach biases, regulation and the myth that AI is an autonomous entity.

05 December 2024

Finextra TV/ai

Traditional AI Is Not A Reasoning Machine; It’s A Set of Rules

Many have fallen into a belief that AI is a self-thinking entity, but Daniel Szmukler, Director, Euro Banking Association (EBA) discussed with FinextraTV how this was a fallacy. Whilst at Finextra’s inaugural NextGenAI event, Szmukler joined the studio to explain the varying usage of AI across the financial institutions and consumers and, in particular, to assert that traditional AI is a set of rules, not a reasoning machine.

05 December 2024