Artificial intelligence

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BofA granted hundreds of patents

/devops

BofA granted hundreds of patents

Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.

Ant launches digital operations platform for insurers

/retail

Ant launches digital operations platform for insurers

Ant Group's insurance arm has launched a blockchain-based digital operation platform for insurance companies in China.

/regulation

Fraugster and Yuno partner for LATAM expansion

Next gen payment orchestration platform, Yuno, partners with AI payment intelligence expert, Fraugster to provide online merchants easy access to a range of fraud prevention, compliance and revenue uplift solutions via a single API. Companies of all sizes across Latin America continuously face challenges in managing multiple payment methods and fraud detection tools for accepting online payments leading to fragmentation, complexity, and high costs.

/crime

Diebold Nixdorf and Hawk AI collaborate for AMLsurveillance

Hawk AI, Germany’s leading software provider of anti-money laundering surveillance and anti-fraud technology for banks, payment firms, and fintech’s, today announced a new partnership with Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the financial and retail industries.

/wholesale

Overbond integrates TMX Group data for fixed income trading

Overbond, a provider of AI analytics and trade automation solutions for the global fixed income markets, has partnered with TMX Group, an operator of global markets and provider of market data and analytic solutions, to integrate CDS FIPS settlement-layer Canadian bond data into Overbond AI fixed income trading tools and analytics.

/security

Jack Henry unveils financial crimes platform

Jack Henry™ (Nasdaq:JKHY) announced today the development of Jack Henry Financial Crimes DefenderTM, the company’s next-generation financial crimes platform.

/markets

Jarvis Invest partners with six Indian broking houses to provide AI-based investment advisory

JARVIS Invest, India’s first AI-based investment advisory platform has announced partnership with six broking houses to further expand its pan India footprint and provide its unique product to additional 4 lakh customers.

Aussie buy-to-earn startup Hello Clever raises A$4.5m

/payments

Aussie buy-to-earn startup Hello Clever raises A$4.5m

Hello Clever, an Australian 'buy-to-earn' startup that gives shoppers real-time cashback, has raised A$4.5 million in seed funding.

/payments

C2FO and Vic.ai bring AI to early payment processing

C2FO, the largest global platform for working capital, today announced a new partnership with Vic.ai, a provider of artificial intelligence (AI) for autonomous accounting and financial management.

Truist acquires Arena data governance platform

/people

Truist acquires Arena data governance platform

American financial services giant Truist has boosted its data management capabilities through the acquisition of vendor Zaloni's Arena platform. Financial terms were not disclosed.

Westpac and FIS invest in conversational AI firm Kasisto

/retail

Westpac and FIS invest in conversational AI firm Kasisto

Conversational AI chatbot developer Kasisto has raised $15.5 million in a Series C extension led by its client Westpac and fintech giant FIS.

Asset manager launches metaverse fund

/wealth

Asset manager launches metaverse fund

Invesco, a global asset manager with $1.6 trillion of assets under management, has launched an investment fund focused on the metaverse.

/retail

Alliant Credit Union partners Upstart on AI-powered personal loans

Alliant Credit Union, a fully digital, top 10 credit union in the U.S. with more than 650,000 members and over $15 billion in assets, today announced it has partnered with Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending marketplace, to offer AI-powered personal loans nationwide.

/startups

Luminovo raises €11 million in seed round to innovate electronics industry

Luminovo, the AI-powered software suite helping electronics leaders bring vital innovations to market faster, cheaper and more sustainably – has raised €11 million in a seed round led by Chalfen Ventures with participation by Tencent, Verve Ventures and Khadjavi Capital Partners, as well as existing investors La Famiglia and Cherry Ventures.

/people

Singapore's finbots.ai expands leadership team

finbots.ai, Singapore-headquartered Business-to-Business-focused (B2B) FinTech offering an Artificial Intelligence (AI) credit modelling platform for banks and digital lenders, announced today the appointment of three new senior hires to lead its product management, business development and engineering teams.

Metaverse and decentralised identity flagged as emerging tech to watch - Gartner

/cloud

Metaverse and decentralised identity flagged as emerging tech to watch - Gartner

Research by Gartner identified 25 “must-know” emerging technologies across three key areas which it predicts will greatly impact business and society over the next two to ten years.

/wholesale

Deutsche Bank taps Traydstream to automate document checking for trade finance products

Deutsche Bank and Traydstream have been working together since July 2021 with a detailed pilot of the Traydstream automated trade document checking platform.

/retail

Glia launches virtual assistants

Glia, the leading provider of Digital Customer Service (DCS), today announced Glia Virtual Assistants (GVAs) to help companies improve resolution times and lower costs while providing seamless customer experiences that blend virtual and human guidance.

/retail

OneConnect launches digital banking suite, OneCosmo

OneConnect Financial Technology Co., Ltd (OneConnect, NYSE: OCFT, HKEX: 6638), the leading technology-as-a-service (TaaS) provider and an associate of Ping An Group, today announced the launch of OneCosmo, a one-stop omni platform for all-in-one digital banking solutions jointly developed with Brazil-based technology company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS) firms.

/cloud

Data management and AI automation tools top investments for financial firms - survey

Investing in technology to better optimize data and modernize data management are the top priorities for financial services firms according to new research by global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR).

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