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Visa launches AI-powered fraud prevention tools

/security

Visa launches AI-powered fraud prevention tools

Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.

/wealth

Tifin acquires assets from WestCap

Tifin, a leading AI and innovation platform for wealth, announces an acquisition of assets for its Tifin AG platform to increase its capability to help wealth management firms drive organic growth through net new assets.

Asset managers embracing AI but need to go further - survey

/wealth

Asset managers embracing AI but need to go further - survey

While almost all asset managers are already using artificial intelligence (AI) in their investment process, only a handful are using the tech for more advanced tasks, according to a recently published study.

/crime

Form3 and Feedzai launch APP fraud prevention product

Form3, the cloud-native account-to-account platform, today launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the market leader in anti-fraud and financial crime software.

FundGuard raises $100m

/cloud

FundGuard raises $100m

FundGuard, the cloud-native, AI-powered, multi-asset class investment accounting platform, has closed a $100 million Series C funding round led by Key1 Capital.

/markets

LTX integrates with TS Imagine TradeSmart Fixed Income

LTX, an AI-powered fixed income trading platform and subsidiary of global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced a successful integration with TS Imagine’s Fixed Income Execution Management System, TradeSmart Fixed Income (TradeSmart).

Ireland’s fintech funding slumps

/predictions

Ireland’s fintech funding slumps

2023 saw a 94% decline in funding for Irish fintechs, according to recently published research.

/devops

Desjardins to integrate nCino automated spread solution

nCino, Inc. a pioneer in cloud banking for the global financial services industry, today announced that the largest cooperative financial group in North America, Desjardins Group, will implement nCino’s Automated Spreading Solution, powered by nCino IQ (nIQ), expanding their partnership with nCino to further realize the benefits of a single platform.

/payments

Cashfree Payments launches ‘RiskShield’

Cashfree Payments, India's leading payments and API banking company, announced the launch of ‘RiskShield’, India’s first real-time risk management solution for payment gateways. It aims at reducing fraudulent activities upto 40%. Built in-house, this solution will also help Indian businesses reduce chargebacks and disputes, thereby empowering them with tools strategically designed to combat fraudulent transactions with precision and securing financial stability.

/security

Network International and Mastercard expand AI-powered Brighterion solution

Network International, the leading enabler of digital commerce across the Middle East and Africa, has extended the benefits of Mastercard’s Brighterion fraud prevention solution, powered by artificial intelligence (AI), to over 60,000 merchants. The two partners are leveraging the cutting-edge technology to protect and grow the payments industry by providing transaction fraud screening and merchant monitoring services to merchant acquirers and businesses.

/cloud

Coupa opens local data centre in the UAE

Coupa, the leading AI-driven platform that helps you operate smarter and grow faster, today announced the launch of its first data center in the Middle East, inaugurated in collaboration with the Amazon Web Services (AWS) team in Dubai. The grand opening, marked by a ribbon-cutting ceremony, happened on Wednesday, February 28, 2024.

/regulation

Tech chiefs debate AI skills crisis in UK Parliament

Leaders from the technology industry have issued an urgent warning for the government to increase regulation and investment in artificial intelligence (AI) technology.

/startups

Stax Payment founders launch AI-powered credit underwriting platform Worth AI

Worth AI, a fintech SaaS startup, officially launched today and announced its artificial intelligence-powered risk management and underwriting technology.

LHV Bank to offer ChatGPT to all employees

/devops

LHV Bank to offer ChatGPT to all employees

Lond-based LHV Bank has signed a deal with OpenAI to licence ChatGPT Enterprise, providing unlimited access to the GenAI toolset for all of its employees.

TransUnion launches AI-powered data analytics platform

/cloud

TransUnion launches AI-powered data analytics platform

Credit bureau TransUnion has unveiled a cloud-based AI-powered data and analytics platform for financial institutions.

/identity

Hazy and Unbanx launch ethical synthetic data cooperative

Leading generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the first ethical data cooperative comprising synthetically generated financial transaction data.

/people

Piers Linney becomes AI and technology lead at Champions (UK)

Former Dragons’ Den investor and AI expert Piers Linney has partnered with leading growth consultancy firm Champions (UK) plc.

/markets

KPMG forms AI innovation boosting partnership with Databricks

KPMG UK has formed a strategic alliance with Databricks, a leader in data and artificial intelligence. The alliance will help the firm’s clients get the most out of their data and AI and empower them to innovate at a faster pace.

/people

Tifin appoints Brooke Juniper as CEO of its investment assistant Sage

TIFIN, a leading AI and innovation platform for wealth, announces the appointment of Brooke Juniper as the Chief Executive Officer of Sage, its AI-driven investment platform that acts as a personalized CIO, helping advisors through quick ideation and actionability for each client and prospect portfolio.

EBAday 2024: Calling early-stage startups to showcase products

/startups

EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.

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