Artificial intelligence

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LSEG and Microsoft join forces to build generative AI models

/devops

LSEG and Microsoft join forces to build generative AI models

The London Stock Exchange Group (LSEG) and Microsoft are partnering with banks to form customised generative AI models.

/retail

Twilio to deploy OpenAI's customer-aware generative AI

Today, Twilio (NYSE:TWLO), the customer engagement platform that drives real-time, personalized experiences for today’s leading brands, announced it will enable companies to create personalized, customer-aware experiences powered by OpenAI. Through this integration, Twilio customers will be able to use OpenAI’s GPT-4 model to power new generative capabilities in Twilio Engage, its multichannel marketing solution built atop the Segment Customer Data Platform. The combination of Twilio Segment, ranked the #1 Customer Data Platform for market share by IDC for four consecutive years,* and OpenAI’s powerful Large Language Models, will create new opportunities for businesses to activate a unique understanding of their customers across every interaction.

/payments

Payoneer acquires data platform Spott

Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, today announced the asset acquisition of Israel-based Spott, a real-time data platform that uses AI to accurately surface, assess, and quantify data for more informed and faster business decision-making.

/people

Tifin makes leadership appointments

Tifin, the leading artificial intelligence (AI) platform for wealth, is thrilled to announce the addition of two exceptional leaders to its executive leadership team.

/markets

Tiger Brokers rolls out AI chatbot

Tiger Brokers today announces the official launch of TigerGPT, an AI-powered chatbot developed within its vast spectrum of online services, following a successful beta testing period since April this year.

/regulation

AML RightSource advances AI use

AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has furthered its application of AI and Natural Language Processing (NLP) to allow AML practitioners to reduce time spent on labor intensive, low-value tasks and increase their ability to focus on risks that truly warrant attention.

/devops

Capgemini unveils suite of generative AI services

Already a leading player in the Data & AI market, Capgemini is well positioned to support clients through their next era of digital transformation thanks to the breadth of its generative AI services, deep industry expertise, and its industrialized delivery assets.

JP Morgan backs new Tifin AI-powered wealth management charge

/wealth

JP Morgan backs new Tifin AI-powered wealth management charge

JP Morgan is investing in a new AI-focused venture from Tifin, an umbrella group operating a host of wealth management fintech businesses.

/regulation

SEC proposes new restrictions on the use of predictive analytics

The Securities and Exchange Commission today proposed new rules that would require broker-dealers and investment advisers (collectively, “firms”) to take certain steps to address conflicts of interest associated with their use of predictive data analytics and similar technologies to interact with investors to prevent firms from placing their interests ahead of investors’ interests.

How instant payments will impact financial crime mitigation

/crime

How instant payments will impact financial crime mitigation

Speaking at the Temenos Community Forum at Vienna earlier this year, Finextra interviewed Adam Gable, product director of financial crime, treasury, and risk at Temenos, and Hani Hagras, chief science officer at Temenos to discuss how instant payments has been a catalyst to accelerate speed and innovation in financial crime mitigation.

/retail

Mastercard‘s Web3 music accelerator drops five new singles as NFTs

Mastercard’s Web3 music program, The Mastercard Artist Accelerator, culminates with a showcase later this month.

Sam Altman's Worldcoin project launches

/identity

Sam Altman's Worldcoin project launches

Worldcoin, Sam Altman's project to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned, has launched in several cities around the world.

Portrait Analytics raises $7m for launch of AI research platform

/markets

Portrait Analytics raises $7m for launch of AI research platform

Portrait Analytics, the startup behind a generative AI research platform for investment analysts, has brought its total capital raised to $10 million with an investment led by Unusual Ventures.

The Future of Fintech in Africa 2023

/Artificial intelligence

The Future of Fintech in Africa 2023

575 downloads

/retail

Cognaize closes $18 million in Series A funding

Cognaize, the intelligent document processing (IDP) company powered by its proprietary hybrid intelligence technology, announced today that it has closed $18 million in Series A funding to accelerate research and product development, marketing, and sales capacity to meet the explosive global demand for the company’s AI solutions, which currently are focused on meeting the specific challenges of the global financial industry.

/security

Feedzai rolls out AI-based fraud-fighting tool Railgun

Today Feedzai, a leading provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur.

/startups

Paddle launches new programme to support AI founders

Paddle, the complete payments infrastructure provider for software companies, today announces AI Launchpad, a new 6-week programme run by Paddle aimed at empowering ambitious software founders to build, launch and scale their AI-powered business ideas.

FCA chief warns banks of AI risks and Big Tech threat

/regulation

FCA chief warns banks of AI risks and Big Tech threat

FCA chief Nikhil Rathi has urged banks to up their spending to combat the rise in AI and the threat of 'deep fake' fraud.

/identity

Checkout.com debuts identity verification

Checkout.com, the global payments solution provider, today launches Identity Verification, its first product focused on improving the customer onboarding and identity verification process and expanding Checkout.com’s impact on customers’ digital experience.

Martin Lewis calls for regulation after featuring in deepfake AI scam

/crime

Martin Lewis calls for regulation after featuring in deepfake AI scam

Consumer finance specialist Martin Lewis has spoken out after a deepfake scam video featuring his likeness was circulated on Facebook.

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