Latest Artificial intelligence News: Finextra Research

Opensee raises EUR11m for real-time data analytics platform

Opensee, the Paris-based platform that helps business users at financial institutions analyse granular data in real time, has raised EUR11 million in a Series A funding round led by Omnes Capital.

15 December 2022

Company update/cloud

NOW Money signs for ThetaRay AML tech

NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced a collaboration to implement ThetaRay’s cloud-based AML solution to monitor cross-border payments and support in the prevention of financial crimes and money laundering on the fintech’s payments platform.

14 December 2022

News/people

Santander advertises for 750 tech jobs

Banco Santander has opened technology hubs in Malaga and Warsaw to house 1400 tech professionals as the Spanish giant seeks to turbo charge its digital transformation programme.

14 December 2022

Company update/payments

American Express opens Decision Science Center of Excellence in Singapore

American Express (NYSE: AXP) today announced it has opened a new Decision Science Center of Excellence (CoE) in Singapore that will deliver global data-driven solutions.

13 December 2022

Company update/markets

Toggle AI adds direct trading integration

Tohgle AI, the intelligent investing dashboard, introduced today its first direct trading integration in partnership with Interactive Brokers.

12 December 2022

News/security

Combatting fraudsters is a ‘cat-and-mouse’ game - ING

In conversation with Finextra, Beate Zwijnenberg, chief information security officer at ING, canvassed new trends in cybercrime and how the banking giant is working against phishing and scams for its customers.

09 December 2022

News/cloud

Deutsche Bank partners NVIDIA for AI push

Deutsche Bank has inked a multi-year agreement with NVIDIA to accelerate the use of AI in financial services.

07 December 2022

News/markets

BNY Mellon invests in fixed income tech firm bondIT

BNY Mellon has led a $14 million investment round for credit analytics and fixed income technology player bondIT.

07 December 2022

News/wholesale

Wells Fargo launches persona and AI-driven digital banking platform, Vantage

Wells Fargo has unveiled a new digital banking platform, Vantage, to more effectively service its commercial, corporate, and investment banking clients.

05 December 2022

News/regulation

UBS invests in communications compliance platform Shield

UBS has joined a $20 million Series B capital raise for Shield, a workplace intelligence platform for compliance teams at financial services firms.

01 December 2022

Company update/retail

Clinc's virtual assistant integrates with Finastra Fusion

Finastra today announced that Clinc, the leading conversational AI specialist serving global financial institutions, will deliver its Virtual Banking Assistant technology fully integrated within Finastra’s Fusion Digital Banking platform.

30 November 2022

Company update/Artificial intelligence

AI credit modelling fintech finbots.ai secures first contract with Mogolian neo bank

Accel-backed finbots.ai, a Singapore-headquartered Business-to-Business (B2B) Software as a Service (SaaS) FinTech today announced signing M bank as its first client in Mongolia.

29 November 2022

Company update/crime

ClearBank selects ThetaRay AML monitoring tech

ClearBank, the largest next-generation clearing and embedded banking platform in the UK, and ThetaRay, provider of AI-powered transaction monitoring technology, today announced they will collaborate in cloud-native anti-money laundering (AML) monitoring to protect ClearBank against financial crime with ThetaRay’s robust and industry-leading AI solution.

29 November 2022

News/security

MangoPay buys Nethone to help marketplaces fight fraud

MangoPay, a European payment technology provider for marketplaces and platforms, is buying AI fraud detection and prevention company Nethone.

29 November 2022

News/retail

Westpac among founder members of AI consortium

Westpac has joined with five other organisations to form a new consortium to drive leading-edge research into responsible adoption of artificial intelligence in the finance sector.

28 November 2022

Company update/retail

SilverBridge acquired by UK PE firm, ROX Equity Partners

ROX Equity Partners, a UK based private equity company, has acquired SilverBridge. The South African financial services technology provider has become the first subsidiary in the newly established Alula Technologies group providing solutions to the insurance and health industries.

18 November 2022

Company update/retail

Qualco adds conversational AI from Webio to debt collection platform

QUALCO, an international fintech solutions provider, has partnered with customer engagement specialists, Webio to add conversational AI to their existing collections and recoveries software offering.

15 November 2022

News/retail

CaixaBank bot proves a hit

CaixaBank is hailing the impact of its virtual assistant, claiming that a third of digital customers are already using the bot, making it the top method for answering questions.

14 November 2022