Artificial intelligence

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/regulation

UK publishes first AI whitepaper

Five principles, including safety, transparency and fairness, will guide the use of artificial intelligence in the UK, as part of a new national blueprint for our world class regulators to drive responsible innovation and maintain public trust in this revolutionary technology.

/Artificial intelligence

CFA Institute publishes investment industry AI handbook

CFA Institute has today launched a comprehensive AI Handbook, revealing how asset managers are using AI and big data technologies to enhance the investment process.

Big banks invest in generative AI startup Hazy

/startups

Big banks invest in generative AI startup Hazy

Nationwide Building Society, Wells Fargo and Intesa Sanpaolo have joined a $9 million Series A funding round for British synthetic data disruptor Hazy.

/retail

No evidence of responsible AI activity in eight of the world's largest banks

Research shows one third of North America and Europe’s largest banks lack transparency and are failing to publicly report on the progress of their AI development.

Klarna taps ChatGPT for shopping recommendations

/retail

Klarna taps ChatGPT for shopping recommendations

Klarna has built a plugin for ChatGPT that will tap the AI-powered bot to provide shoppers with personalised product recommendations.

JP Morgan to buy investment analytics player Aumni

/markets

JP Morgan to buy investment analytics player Aumni

JP Morgan has struck a deal to buy Aumni, an investment analytics platform that provides the data infrastructure for private capital markets. Financial terms were not disclosed.

Morgan Stanley and Stripe tap into OpenAI's GPT-4

/wealth

Morgan Stanley and Stripe tap into OpenAI's GPT-4

Morgan Stanley Wealth Management is tapping OpenAI's GPT-4 to deliver content and insights into the hands of financial advisors. Payments giant Stripe is also integrating GPT-4 into its products and services.

Trust:Live 2023: Evolving digital identity, intelligence and innovation

/identity

Trust:Live 2023: Evolving digital identity, intelligence and innovation

This week, LexisNexis® Risk Solutions and Finextra Research held Trust:Live 2023, the exclusive in-person event for all fraud and identity decision makers focusing on the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models.

ChatGPT and Bing AI to sit as panellists at fintech conference

/retail

ChatGPT and Bing AI to sit as panellists at fintech conference

Artificial intelligence chatbots will be used as panellists for the first time as part of a conference hosted by the Gillmore Centre for Financial Technology this week.

/wholesale

Brex and OpenAI team to combine spend management with artificial intelligence

Brex today announced it will be launching advanced AI-powered tools for CFOs and their teams, all built using advanced machine learning and natural language processing technology from OpenAI, an AI research and deployment company.

International Women's Day: ChatGPT and how gender bias in AI can impact innovation

/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

International Women's Day: ChatGPT and how gender bias in AI can impact innovation

/Artificial intelligence

Schroders Personal Wealth adopts AI-based Aveni Detect platform

Aveni, the AI fintech business, has been selected by Schroders Personal Wealth (SPW) to transform its compliance function.

/retail

Lloyds Banking Group invests in Ocula Technologies

Artificial Intelligence (AI) company Ocula Technologies has today confirmed that it has received new investment from Lloyds Banking Group and their Fintech Investment Team.

Central Bank of Ireland blocks staff use of ChatGPT

/security

Central Bank of Ireland blocks staff use of ChatGPT

Ireland's central bank has become the latest financial institution to ban its employees from using the artificial intelligence (AI) chatbot ChatGPT.

Financial Cloud Summit 2023: Exponential change is coming

/cloud

Financial Cloud Summit 2023: Exponential change is coming

Kicking off Finextra’s inaugural Financial Cloud Summit, former Dragon’s Den dragon Piers Linney, entrepreneur and investor, founder and CEO of Moblox, set the scene for the day, focusing on cloud strategy, migration and optimisation.

Citi invests in financial crime risk management vendor Quantifind

/crime

Citi invests in financial crime risk management vendor Quantifind

Quantifind, a provider of AI-powered financial crimes risk management technology, has raised $23 million in a funding round joined by Citi Ventures.

/markets

Quantexa acquires Aylien to enter text analytics market

Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has acquired Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI to empower its customers to collect, analyze, and understand unstructured text data.

/startups

Hinkus and Blomfield invest in Robin AI

Robin AI, the generative AI startup, has raised $10.5m led by Plural, with participation from Episode 1.

Belfast awarded £18.9 million grant for cyber AI hub

/startups

Belfast awarded £18.9 million grant for cyber AI hub

Minister of State for Northern Ireland, Steve Baker, has announced that the UK Government will invest £18.8 million in Northern Ireland’s security industry, to develop a pipeline of cyber security talent and assist startups in the region.

/crime

Themis and Diligencia announce partnership

Themis announces today a new strategic partnership with Diligencia, a leading provider of corporate data in the Middle East and Africa (MEA). This partnership reflects the ongoing, significant investment in Themis’ AML/CFT technology, and follows the recent announcement of successfully overfunding in their Pre-Series A round - raising a total of £3.1 million.

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