Latest Artificial intelligence News: Finextra Research

BIS explores use of data, tech and collaboration to combat money laundering

Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.

31 May 2023

News/cloud

MAS and Google Cloud collaborate on generative AI

The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.

31 May 2023

News/startups

Financial wellness fintech Elifinty launches

UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.

30 May 2023

News/people

BNY Mellon to create AI R&D hub in Ireland

BNY Mellon is to invest €8 million in the creation of a digital R&D hub in Dublin that will drive innovation in AI and data analytics for the US bank's global client base.

30 May 2023

News/crypto

Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

26 May 2023

News/regulation

AI regulation draws attention of G7 officials

G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.

26 May 2023

News/people

Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.

26 May 2023

Company update/cloud

Bud Financial joins Google Cloud Marketplace

Bud Financial Limited (US) is now available in the Google Cloud partner directory. Bud’s presence allows companies to work with the data-intelligence fintech as part of their annual spend, unlocking the benefits of a single commitment to Google Cloud.

25 May 2023

Company update/retail

MPowered Mortgages begins testing ChatGPT

MPowered Mortgages, the fintech mortgage lender using AI to speed up and simplify the mortgage journey for homebuyers and remortgagers, today announces that it has integrated ChatGPT technology into its internal chatbot tool on its mortgage origination platform.

25 May 2023

Company update/retail

Fimatix acquires Semantic Evolution

Fimatix, a leading provider of digital transformation solutions, announced today the acquisition of Semantic Evolution, a specialist in the provision of AI and machine learning powered solutions to the Financial Services sector.

25 May 2023

Company update/retail

Alloy Labs partners commercial lending tech firm Lama AI

Alloy Labs, a consortium of community and mid-sized banks dedicated to fostering innovation in financial services, announces a new partnership with Lama AI, an AI-powered commercial lending technology provider for the financial industry.

23 May 2023

Company update/Artificial intelligence

Fintech chiefs debate the future of UK's digital economy in Parliament

Fintech industry leaders warned of the risks posed by AI and ChatGPT last night as well as discussing the role automation and digital skills will play in the driving economic growth.

23 May 2023

Company update/regulation

MAS launches AI and data analytics talent programme

The Monetary Authority of Singapore (MAS) today launched the Financial Sector Artificial Intelligence and Data Analytics (AIDA) Talent Development Programme.

22 May 2023

Company update/markets

Public taps GPT-4 for investment research tool

Public, an investing platform that allows members to invest in stocks, treasuries, ETFs, crypto, and alternative assets, announced the rollout of Alpha, a project to enhance your investing experience with artificial intelligence powered by OpenAI’s GPT-4.

17 May 2023

Company update/markets

MDOTM adds ChatGPT features to asset management platform

MDOTM Ltd, the global provider of AI-driven investment solutions for financial institutions, announces new ChatGPT-powered features in Sphere, its investment platform for institutional investors.

17 May 2023

Company update/payments

Klarna: Next generation of shoppers ready for AI, AR and robots

New data released today by Klarna, the global payments and shopping service, reveals how retailers will need to adapt their offering to win shoppers in the future.

17 May 2023

Company update/regulation

Saifr introduces risk interpretation and suggested language AI models for compliant content creation

Saifr, an AI-focused regulatory technology (RegTech) provider that assists financial institutions with the creation, review, and approval of communications to help mitigate brand, regulatory, and reputational risk, today announced the addition of its risk interpretation and suggested language capabilities.

16 May 2023

Company update/retail

Enacomm unveils AI-backed virtual assistant

Artificial intelligence (AI)-powered customer experience (CX) technology is ready for prime-time in financial services, at last. ENACOMM – a FinTech provider with time-honored expertise in intelligent self-service, big data and financial fraud prevention – today introduced the financial services industry to Emerie, the most advanced, accessible AI-backed Intelligent Virtual Assistant (IVA) for banking.

16 May 2023