Artificial intelligence

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Primer rolls out AI tool to boost merchant revenue by improving payment success

Primer, the unified infrastructure for global payments and commerce, has announced the launch of UpliftAI, a first of its kind AI payments tool designed to empower online merchants to predict, optimise and deliver the highest possible authorisation rate across all global processors to drive revenue growth.

/cloud

Monese core banking offshoot XYB collaborates with Google Cloud for generative AI input

Today, XYB, a visionary provider of an end-to-end 'coreless' banking platform, is announcing a collaboration with Google Cloud to bring generative AI within its coreless banking platform.

NatWest to build generative AI tools and expertise with AWS

/cloud

NatWest to build generative AI tools and expertise with AWS

NatWest is extending its collaboration with Amazon Web Services to incorporate the uptake of new generative AI technology from the cloud provider.

Fujitsu trials gen-AI for Japanese banks

/devops

Fujitsu trials gen-AI for Japanese banks

Japanese technology giant Fujitsu is to conduct trials into the use of generative AI (gen-AI) for banking operations.

Why AI gender bias is best solved by web3

/devops

Why AI gender bias is best solved by web3

“Web3 is the ‘perfect platform’ to be compensated for one’s own data,” explains Rumi Morales, a founding director at Navigate, a Web3 platform developing an AI-powered map from crowdsourced data.

Tether commits to AI strategy with €400 million NVIDIA chip purchase

/crypto

Tether commits to AI strategy with €400 million NVIDIA chip purchase

Damoon, a Tether company in which Northern Data Group owns a majority stake, has purchased over 10,000 NVIDIA H100 Tensor Core GPUs, a type of chip, at a total cost of approximately €400 million.

Build, Buy or Bust – Hybrid leapfrogging Legacy

/Artificial intelligence

Build, Buy or Bust – Hybrid leapfrogging Legacy

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Is 'ethical AI' deeply complex or just a contradiction in terms?

/Artificial intelligence

Scott Hamilton Contributing Editor at Finextra Research

Is 'ethical AI' deeply complex or just a contradiction in terms?

Banking on Automation and AI Technology

/Sibos

Banking on Automation and AI Technology

Manoj Mishra, Senior Vice President, Consulting Services, CGI, and Tom Lang, EVP, Head of Product and Operations, PNC Treasury Management, speak at Sibos 2023 about AI and automation’s impact on business operations, current common use cases and the advantages of collaboration.

/cloud

Lenovo rolls out AI services for 'intelligent' data

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new, first-to-market edge AI services and solutions designed to enable mass deployment of remote computing capabilities that will significantly accelerate AI readiness and empower new AI applications for any business. New Lenovo TruScale for Edge and AI brings the proven cost benefits of Lenovo TruScale’s Infrastructure as-a-Service model to the broadest and most comprehensive edge portfolio on the market, enabling customers to leverage a pay-as-you-go model to quickly deploy powerful edge computing and gain AI-powered insights directly at the source of data creation. Lenovo is also expanding its broad portfolio with the new Lenovo ThinkEdge SE455 V3, bringing the most powerful edge server to the market and delivering breakthrough efficiency to support the most intensive remote AI workloads.

Amazon gives Alexa a generative AI boost

/devops

Amazon gives Alexa a generative AI boost

Amazon has announced they will be giving their virtual assistant ‘Alexa’ an injection of a new generative AI model as the AI race between tech giants continues.

Transforming Banking with Artificial Intelligence

/payments

Transforming Banking with Artificial Intelligence

Richard Kalas, Client Solutions Director Retail Banking, GFT, and Simon Thompson, Head of AI, ML and Data Science, GFT, join FinextraTV to discuss the key findings from their latest Banking Disruption Index; examining banks' use of AI, address customer apprehensions, and predict how the use of AI in banking is expected to evolve over the next 5 years.

/payments

Chipper Cash Launches AI Verification Suite Chipper ID

Chipper Cash, a financial services company serving over five million customers, has launched Chipper ID, an AI-powered suite of verification services, tailored to solving industry-wide customer onboarding and compliance issues in the African market.

/payments

FinMont incorporates AI solution for travel payments

Global payment orchestration platform, FinMont, is utilising advanced AI to optimise travel payments by determining the optimal payment route and payment method.

Infosys announces $1.5 billion deal to level up on AI

/devops

Infosys announces $1.5 billion deal to level up on AI

Indian IT services provider Infosys announced that it has signed a $1.5 billion contract with an unnamed ‘global company’ for a 15 year period.

/people

Aperture welcomes David Galbraith as partner

Aperture, the Geneva-based operational venture capital firm specializing in Embedded Finance and Enterprise Applied AI, is proud to announce the appointment of David Galbraith as Partner.

/sustainable

ESG1 and GMEX ZERO13 to trade tokenised industrial carbon offsets

ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and ESG1, a subsidiary of GuildOne providing innovative digital assets and ESG solutions built on R3’s Corda, have announced a landmark collaboration that will create an automated digital pipeline for North American industrial carbon offsets to reach high-demand markets in Europe and the Middle East. ESG1’s V10N digital measurement, reporting, verification, and tokenization (MRVT) platform is integrating with GMEX’s ZERO13 trading hub to provide large-scale, high-integrity credits generated by disruptive emissions removal technologies.

UK banks ditch the Metaverse

/sustainable

UK banks ditch the Metaverse

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

/regulation

TaxBit unveils AI-enabled rules engine for crypto accounting

TaxBit, the premier end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine to empower businesses dealing with cryptocurrencies to streamline their accounting processes.

Ant Group launches AI model for financial apps

/retail

Ant Group launches AI model for financial apps

Ant Group announced that it has begun consumer and professional app testing for a finance-specific artificial intelligence (AI) model at the Inclusion Conference on the Bund in Shanghai this week.

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