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EBAday: Banks are seeking new approaches to level up sustainable strategies

/sustainable

EBAday: Banks are seeking new approaches to level up sustainable strategies

In the panel ‘Sustainable finance: Assessing shades of green across payments and banking’, hosted by Finextra’s own Madhvi Mavadiya, speakers explored how the European banking landscape is adopting sustainable strategies.

BNPP SS unveils virtual agent

/wholesale

BNPP SS unveils virtual agent

BNP Paribas Securities Services has announced the launch of an AI-powered virtual assistant.

EBAday 2023: iPiD announced as Fintech Zone winner!

/startups

EBAday 2023: iPiD announced as Fintech Zone winner!

During the past two days, 16 early stage, early growth fintech startups from across Europe and beyond pitched their proof of concepts or working products on the exhibition floor of EBAday 2023 in Madrid, Spain.

EBAday: Banks exploring new strategies in AI, data, and cloud

/cloud

EBAday: Banks exploring new strategies in AI, data, and cloud

The afternoon of the first day of EBAday kicked off with the panel ‘How new technologies are transforming banking’ in breakout room 2. Panelists Cal Corcoran, vice president and global head of banking at Microsoft, Simone Lofgen, managing director of payments platforms at Commerzbank, Andre Martins, head of banking innovation and open finance at NTT Data, and Simone Satan, global head of digital market management and treasury services at BNY Mellon discussed AI, cloud computing, and innovative automation technologies being used to transform the payments industry in a session moderated by Graeme Jeffrey, partner at Bain & Company.

EBAday: Banking leadership needs just as much innovation as banking technology

/people

EBAday: Banking leadership needs just as much innovation as banking technology

For this year’s EBAday Challenge Speech, Claudia Olsson, CEO and founder, Stellar Capacity and Young Global Leader of the World Economic Forum, provided new perspectives in understanding technology’s impact on society, people and leadership.

Majority of consumers trust generative AI for financial planning

/inclusion

Majority of consumers trust generative AI for financial planning

The majority (53%) of consumers trust generative AI technology to be used for its financial planning, suggests recently published research.

Mizuho trials Fujitsu generative AI tech

/retail

Mizuho trials Fujitsu generative AI tech

Japan’s Mizuho Financial Group has begun trialing generative AI technology from Fujitsu to streamline development and maintenance operations of its systems.

AI risk management tool secures $20m fund raise

/crime

AI risk management tool secures $20m fund raise

Blackbird AI, which develops AI-driven narratives for risk management, has raised $20m in a series B funding round.

BBVA taps AWS for new data platform

/cloud

BBVA taps AWS for new data platform

BBVA has selected Amazon Web Services analytics and AI technology for a new data platform that will provide a secure repository of the Spanish bank's operations and customer data.

/crypto

Bybit integrates ChatGPT into trading tools

Bybit, the world's third most visited cryptocurrency exchange, is thrilled to announce the release of its latest tool, ToolsGPT.

/sustainable

EthicsGrade utilises ChatGPT to firm up ESG ratings

EthicsGrade, a specialist ESG (environmental sustainability, social justice, and corporate governance) rating agency, is proud to announce its ground-breaking integration of generative artificial intelligence (AI) to enhance and complement its research on corporate digital responsibility (CDR) ratings.

/payments

Justt applies AI to chargeback mitigation

Justt, a chargeback mitigation innovator, today announced the launch of a new suite of machine learning powered capabilities designed to revolutionize the way merchants navigate the complex landscape of chargeback management.

/startups

MAS launches AI in Finance Challenge for the 2023 Global FinTech Hackcelerator

The Monetary Authority of Singapore (MAS) today launched the 8th edition of the Global FinTech Hackcelerator, titled “Artificial Intelligence (AI) in Finance Global Challenge”, to produce innovative and market-ready AI solutions that can transform the financial services industry.

/retail

DNB Bank answers over two million internal inquiries in 2022 with AI

Boost.ai, the leading conversational AI platform, today announced that its internal virtual agent for DNB, a leading Nordic bank, has answered over 2 million inquiries in 2022, equating to assisting roughly 1,200 users daily.

/payments

GTreasury and C2FO to streamline liquidity management

GTreasury, a leading provider of integrated treasury management and risk management systems, today announced a strategic partnership with C2FO, the world’s on-demand working capital platform. Together, GTreasury and C2FO are able to provide treasurer customers a comprehensive cash management and early payment solution that improves liquidity forecasting and optimizes cash flow.

/wealth

Tifin AMP seals Series A, spins off AMP

TIFIN AMP, the Artificial Intelligence (“AI”) Partner For Modern Distribution, is delighted to announce the successful close of a Series A round and the establishment of a new board independent from parent company TIFIN.

/payments

Mastercard selects Start Path Small Business cohort

Five startups join inaugural Mastercard Start Path Small Business cohort to uncover joint innovation opportunities and scale solutions that drive simple, secure digital experiences for SMEs globally.

Bank customers ill-served by poorly deployed chatbots - CFPB

/retail

Bank customers ill-served by poorly deployed chatbots - CFPB

The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .

Finnovating unveils MatchGPT 'Business Tinder'

/startups

Finnovating unveils MatchGPT 'Business Tinder'

AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.

Money20/20: Quantum and generative AI together is ‘scary’ - ING

/devops

Money20/20: Quantum and generative AI together is ‘scary’ - ING

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

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