Artificial intelligence

2998 articles tagged with this keyword

/ai

Bunq leverages NVIDIA AI to debunk financial fraud

Dutch neobank bunq this week announced their partnership with NVIDIA to combat fraudsters with the help of accelerated computing and AI.

/payments

Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.

/cloud

Rapid Finance introduces cloud-based rules engine for SMB lending

Rapid Finance, a leading small business banking platform specializing in providing customized financing solutions, announced today the availability of its cloud-based rules engine as part of its recently enhanced, award-winning AI fraud detection platform, Lynx.

/payments

Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

/ai

AI helps Klarna cut marketing agency spend by 25% and run more campaigns

Klarna, the AI powered global payments network and shopping assistant, has cut its sales and marketing spend by 11% in Q1 2024 while increasing the number of campaigns and updating marketing collateral more frequently.

/retail

Mastercard and bunq forge AI open banking partnership

Mastercard and bunq have announced their partnership to create an open banking and AI tool at Money 20/20 Europe.

/ai

Aveni partners with intelliflo as a strategic AI partner

aveni.ai, an award-winning AI Fintech company, and intelliflo, a global leader in financial advice technology, have partnered to integrate generative AI, aiming to revolutionise the financial advice workflow and compliance with an end-to-end solution.

/ai

Fenergo embeds CLM kit with AI

Fenergo – the leading provider of digital solutions for know your customer (KYC), client lifecycle management (CLM) and transaction monitoring – has today launched AI Powered CLM, a new set of AI capabilities which further boost operational efficiencies, accelerate onboarding and improve end-user experiences while reducing costs associated with KYC and AML compliance.

/ai

Moneyhub and Teradata launch Financial AI

Moneyhub, the market-leading data and payments platform today announces its partnership with Teradata, the global analytics and trusted data platform, to launch financial AI with the aim of opening up more opportunities for consumer-facing organisations across the UK and EMEA.

/ai

Sinequa delivers GenAI assistants for asset managers

AI-powered search provider Sinequa announced today the availability of Sinequa Assistants, new enterprise-grade generative AI assistants that seamlessly integrate with all enterprise content and applications to augment and transform knowledge work.

/ai

CBA to fast-track AI capabilities for business customers

New research from Commonwealth Bank of Australia (CBA), conducted in partnership with YouGov, reveals 59 per cent of SMEs have invested or plan to invest in AI in the next five years (25 per cent and 34 per cent respectively), with younger business leaders owners more likely to report investment or intent to invest (Gen Z and millennials: 75 per cent compared to Gen X: 55 per cent and baby boomers or older: 45 per cent).

/ai

Novel closes $15m round

Novel announces a $15M oversubscribed Pre-Series A round, co-led by IGNIA Partners and Ulu Ventures, to propel the fintech’s expansion of their groundbreaking Capital Intelligence™ platform.

/payments

Klarna posts Q1 results

Today, the AI-powered global payments network and shopping assistant, Klarna announces profitable start and continued growth outpacing ecommerce, reporting its Q1 2024 financial results.

/security

Mangopay debuts AI-driven fraud prevention package

Mangopay, a modular and flexible payment infrastructure provider for platforms, today announces the launch of its new Fraud Prevention solution.

/ai

Swift to pilot AI in fight against fraud

Banking co-operative Swift is working with global banks on AI pilots to tackle cross-border payments fraud.

/ai

Over a third of fraud attempts targeting financial institutions now use AI

Signicat, the European leader in digital identity and fraud prevention solutions, today announces a new report on the growing threat of AI-driven identity fraud in partnership with independent consultancy Consult Hyperion.

/ai

Pay.UK hails fraud detection pilot results

Pay.UK says a fraud detection pilot involving Visa has exceed expectations, suggesting that it could save the country's economy over £112 million a year.

/ai

Tonik adds ChatGPT to service mix

Pioneering Philippine digital bank Tonik continues to highlight its innovative edge by becoming the first digital bank to successfully incorporate Generative AI featuring ChatGPT to its operations.

/ai

Crédit Agricole Next Bank chooses InvestGlass for lead management and CRM

In a strategic move to transform the customer experience and automate internal operations, Crédit Agricole Next Bank launched its new lead management platform and CRM in March 2024.

/payments

EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.