Artificial intelligence

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Is 'ethical AI' deeply complex or just a contradiction in terms?

/Artificial intelligence

Scott Hamilton Contributing Editor at Finextra Research

Is 'ethical AI' deeply complex or just a contradiction in terms?

Banking on Automation and AI Technology

/Sibos

Banking on Automation and AI Technology

Manoj Mishra, Senior Vice President, Consulting Services, CGI, and Tom Lang, EVP, Head of Product and Operations, PNC Treasury Management, speak at Sibos 2023 about AI and automation’s impact on business operations, current common use cases and the advantages of collaboration.

/cloud

Lenovo rolls out AI services for 'intelligent' data

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new, first-to-market edge AI services and solutions designed to enable mass deployment of remote computing capabilities that will significantly accelerate AI readiness and empower new AI applications for any business. New Lenovo TruScale for Edge and AI brings the proven cost benefits of Lenovo TruScale’s Infrastructure as-a-Service model to the broadest and most comprehensive edge portfolio on the market, enabling customers to leverage a pay-as-you-go model to quickly deploy powerful edge computing and gain AI-powered insights directly at the source of data creation. Lenovo is also expanding its broad portfolio with the new Lenovo ThinkEdge SE455 V3, bringing the most powerful edge server to the market and delivering breakthrough efficiency to support the most intensive remote AI workloads.

Amazon gives Alexa a generative AI boost

/devops

Amazon gives Alexa a generative AI boost

Amazon has announced they will be giving their virtual assistant ‘Alexa’ an injection of a new generative AI model as the AI race between tech giants continues.

Transforming Banking with Artificial Intelligence

/payments

Transforming Banking with Artificial Intelligence

Richard Kalas, Client Solutions Director Retail Banking, GFT, and Simon Thompson, Head of AI, ML and Data Science, GFT, join FinextraTV to discuss the key findings from their latest Banking Disruption Index; examining banks' use of AI, address customer apprehensions, and predict how the use of AI in banking is expected to evolve over the next 5 years.

/payments

Chipper Cash Launches AI Verification Suite Chipper ID

Chipper Cash, a financial services company serving over five million customers, has launched Chipper ID, an AI-powered suite of verification services, tailored to solving industry-wide customer onboarding and compliance issues in the African market.

/payments

FinMont incorporates AI solution for travel payments

Global payment orchestration platform, FinMont, is utilising advanced AI to optimise travel payments by determining the optimal payment route and payment method.

Infosys announces $1.5 billion deal to level up on AI

/devops

Infosys announces $1.5 billion deal to level up on AI

Indian IT services provider Infosys announced that it has signed a $1.5 billion contract with an unnamed ‘global company’ for a 15 year period.

/people

Aperture welcomes David Galbraith as partner

Aperture, the Geneva-based operational venture capital firm specializing in Embedded Finance and Enterprise Applied AI, is proud to announce the appointment of David Galbraith as Partner.

/sustainable

ESG1 and GMEX ZERO13 to trade tokenised industrial carbon offsets

ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and ESG1, a subsidiary of GuildOne providing innovative digital assets and ESG solutions built on R3’s Corda, have announced a landmark collaboration that will create an automated digital pipeline for North American industrial carbon offsets to reach high-demand markets in Europe and the Middle East. ESG1’s V10N digital measurement, reporting, verification, and tokenization (MRVT) platform is integrating with GMEX’s ZERO13 trading hub to provide large-scale, high-integrity credits generated by disruptive emissions removal technologies.

UK banks ditch the Metaverse

/sustainable

UK banks ditch the Metaverse

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

/regulation

TaxBit unveils AI-enabled rules engine for crypto accounting

TaxBit, the premier end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine to empower businesses dealing with cryptocurrencies to streamline their accounting processes.

Ant Group launches AI model for financial apps

/retail

Ant Group launches AI model for financial apps

Ant Group announced that it has begun consumer and professional app testing for a finance-specific artificial intelligence (AI) model at the Inclusion Conference on the Bund in Shanghai this week.

/markets

SmartTrade blends AI and human decision-making for smart Copilot

SmartTrade, a global leader in the financial technology domain, front office payments and trading software, announces the launch of smart Copilot.

/markets

EToro teams with generative AI company Birdgewise on stock picking

eToro, the trading and investing platform, has partnered with Bridgewise, a generative AI company for stock analysis to launch ‘Fundamental-AI’, a portfolio that offers eToro users exposure to companies set to outperform their industry peers.

Temenos rolls out first generative AI tool

/retail

Temenos rolls out first generative AI tool

Swiss core banking provider Temenos has developed a generative AI tool for automatically classifying customer banking transactions, helping clients to provide personalised inisghts and recommendations.

Financial crime detection outfit ThetaRay raises $57m

/crime

Financial crime detection outfit ThetaRay raises $57m

ThetaRay, the Isralei fintech that enables banks to monitor payment traffic to sniff out money laundering risks, has completed a $57 million fundraising round.

/crypto

Bybit's TradeGPT creates AI-powered trading assistant

Bybit, one of the world’s most trusted crypto exchanges, is proud to announce the launch of TradeGPT, its AI-powered education tool.

Power your banking value chain with AI/ML at scale

/Artificial intelligence

Power your banking value chain with AI/ML at scale

436 downloads

Google DeepMind co-founder argues US should set AI global standards - FT

/regulation

Google DeepMind co-founder argues US should set AI global standards - FT

Mustafa Suleyman, Google DeepMind's co-founder and chief executive of Inflection AI, told the Financial Times that the US should use their chip leadership to enforce minimum global standards for the use of AI.

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