Latest Artificial intelligence News: Finextra Research

Surecomp turns to Pelican AI to streamline trade documenation

Surecomp today announced that it is partnering with Pelican AI, a global provider of AI-powered financial crime and compliance solutions, as part of a collaborative vision to drive the digital transformation of trade-based risk management.

31 August 2023

News/payments

Half of Klarna employees using ChatGPT Enterprise

Klarna has become an early adopter of the enterprise version of Open AI's ChatGPT, with half of the BNPL giant's workforce now using the technology.

30 August 2023

News/wealth

MSCI expands Google partnership to explore AI services

Benchmark provider MSCI has extended its partnership with Google Cloud in order to accelerate its development of generative AI services for the investment industry.

30 August 2023

News/regulation

FNA awarded University of Cambridge grant to develop market monitoring tool

Network analytics and simulation firm FNA has been awarded $100,000 as part of the University of Cambridge’s SupTech Launchpad competition, to develop a working prototype of a tool for financial market monitoring via social media and web extraction.

30 August 2023

News/devops

UK to host global AI summit at historic Bletchley Park

Prime Minister Rishi Sunak has announced that the global summit on the safety of artificial intelligence (AI) will be hosted at the historic Bletchley Park in Milton Keynes, where Alan Turing and a group of codebreakers cracked the Enigma code during World War II.

25 August 2023

Company update/cloud

Alibaba Cloud launches open-source vision language model

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has launched two open-source large vision language models (LVLM), Qwen-VL and its conversationally fine-tuned Qwen-VL-Chat. The models can comprehend images, texts and bounding boxes in prompts and facilitate multi-round question answering in both English and Chinese.

25 August 2023

News/devops

Mastercard launches AI centre in UAE to bolster Middle East growth

Mastercard has partnered with the UAE government to advance AI capabilities and development in the Middle East. Along with the partnership Mastercard has established a global Centre for Advanced AI and Cyber Technology in Dubai to accelerate generative AI research.

25 August 2023

News/regulation

Colendi gets green light for Turkish digital bank

Anglo-Turkish fintech Colendi has secured regulatory approval to launch Turkey’s first digital deposit bank.

22 August 2023

Company update/retail

Commercial Bank of Dubai and PwC collaborate on AI

Commercial Bank of Dubai (CBD) and PwC Middle East have signed a Memorandum of Understanding (MOU) to accelerate the adoption of AI technologies across CBD's operations.

21 August 2023

News/crypto

Canadian fintech investment plummets

Investment in Canadian fintech companies dropped three-fold in the first half of 2023 as valuations continued to slide to levels not seen since the beginning of the Covid-19 pandemic, driven primarily by macroeconomic concerns, according to KPMG.

18 August 2023

News/payments

Brazil's Matera buy Cinnecta to bring AI to instant payments

Brazil's Matera is bringing AI to instant payments after acquiring local outfit Cinnecta. Financial terms of the deal were not disclosed.

16 August 2023

News/payments

Marqeta brings generative AI to embedded finance

Card issuing platform Marqeta has tapped OpenAI's Language Learning Model to speed up the process of launching embedded finance applications.

15 August 2023

News/payments

India to add AI-powered conversational payments to UPI

The Reserve Bank of India has set out plans for a host of new fintech developments, including AI-powered "conversational" payments on the country's UPI system and a public digital platform for the provision of frictionless credit.

11 August 2023

Research/Artificial intelligenceEvent Report

Keeping Pace with Customer Experience Demands during Cloud Migration

11 August 2023 157 downloads

News/crypto

Microsoft and Aptos Labs partner to combine blockchain and AI for banks

Microsoft has teamed up with Aptos Labs on an effort to combine the power of AI and the blockchain to drive web3 into the mainstream.

09 August 2023

Company update/wealth

ForwardLane debuts generative AI platform for wealth management

ForwardLane, the provider of AI-powered intelligence solutions, announces today the launch of its new generative decision intelligence platform EMERGE to help solve many enterprise challenges such as data transparency, data privacy and data security issues within the wealth, asset management and insurance industries.

09 August 2023

Company update/retail

SoFi integrate Galileo AI-driven digital assistant

Galileo Financial Technologies, LLC, a leading financial technology company, announced today that its affiliate’s conversational AI engine, Cyberbank Konecta, which was integrated into the existing tech stack of SoFi Technologies, Inc. (NASDAQ: SOFI), the digital personal finance company and all-in-one app, is delivering on SoFi’s mission for member engagement and satisfaction. Galileo is a wholly-owned subsidiary of SoFi Technologies, Inc.

08 August 2023