Artificial intelligence

News/payments

EVO Banco taps AI and Google Maps to show customers transaction locations

Spanish digital bank EVO Banco has launched a geolocation service for card purchases that uses AI and Google Maps to show customers the exact time and place where their transactions took place.

12 October 2023

News/startups

Carefull raises $16.5m for financial safety platform for older Americans

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, has closed a $16.5 million Series A round.

12 October 2023

Finextra TV/payments

Leveraging digitalisation for an optimised future

Alex Jimenez, Managing Principal, Financial Services Consulting, EPAM Systems, Inc., highlights the importance of digital transformation and optimisation for retail banks amidst economic uncertainty and technological advancements, in the lead-up to Money20/20 2023.

11 October 2023

News/payments

Klarna unveils AI-powered photo tool for shoppers

Klarna has unveiled an AI tool which allows shoppers to take a picture of things and styles in their surroundings, instantly find out where to buy them and get the best deal in the firm's app.

11 October 2023

Finextra TV/Sibos

The true cost of compliance

At Sibos 2023, Grayson Clarke, Head of Market Planning and Marketing, LexisNexis® Risk Solutions, presents insights from the recent True Cost of Financial Crime Compliance Study, conducted by Forrester Consulting, on how the evolving financial landscape is being shaped by an intricate network of regulations and sanctions, and the increasing use of AI.

11 October 2023

News/startups

Deutsche Bank invests in LLM developer Kodex AI

Deutsche Bank's Corporate Venture Capital (CVC) group has invested in Kodex AI, a Berlin-based startup developing a Large Language Model (LLM) application catered to the needs of the financial services industry.

11 October 2023

News/sustainable

Sustainable Finance Live 2023: Green energy transition can be driven by demand

“We are told consistently by financial leaders that trillions of dollars of capital are committed to transforming economies cities, etc. to achieve net zero, yet many of you have noticed that the despite the large amounts quoted the flow appears to be a trickle,” said Simon Perham, head investor outreach Europe, at Carbon Tracker, who moderated the first panel of the day at Sustainable Finance Live 2023.

10 October 2023

News/sustainable

Sustainable Finance Live 2023: Bring everyone to the party for decarbonisation

Leading the SustainableFinance.Live's 2023 keynote session, Roxana Slavcheva, global lead for the built environment, World Resources Institute (WRI), dove right in to her session titled the ‘Role of AI in Decarbonising the Built Environment: An Urban Policy Perspective.’

10 October 2023

Research/Artificial intelligenceFuture of Report

The Future of ESGTech 2024

10 October 2023 431 downloads

News/people

The rise of the theme-based super app

Elon Musk's ambition to turn X into a WeChat-like everything app is doomed, predicts the man building his own "theme-based" super app, called Super.com.

06 October 2023

News/cloud

Amazon Web Services and Microsoft cloud duopoly to be investigated by Ofcom

Historically, it could be argued that financial institutions were beholden to pick between AWS, Google Cloud and Microsoft Azure for all workloads due to availability, but with other smaller cloud providers offering private cloud fabrics, financial organisations are considering hybrid or multicloud options. However, Ofcom has an alternative view.

06 October 2023

Finextra TV/Sibos

Unlocking the Power of Generative AI in Financial Services

At Sibos 2023, Kanika Hope, Chief Strategy Officer, Temenos, and Tyler Pichach, Executive Director, Global Business Solutions, Microsoft, discuss how generative AI will impact banks, transforming operations and value propositions, and the role of cloud technology in enabling embedded finance.

05 October 2023