Latest Artificial intelligence News: Finextra Research

Company update/identity

Banca Sella speeds up onboarding with Fido

Speeding up the opening of an online-current account, significantly reducing execution time and manual control activities thanks to an Artificial Intelligence-based algorithm.

21 April 2022

News/predictions

Retail banks must embrace data-centric capabilities to see off fintech challenge - report

As fintech upstarts snap at their heels, retail bank executives are concerned that they are lagging in their ability to offer true omnichannel and personalised experiences, according to a report from Capgemini and Efma.

21 April 2022

News/cloud

Citi and State Street invest in FundGuard

Citi and State Street have joined a $40 million Series B funding round for AI-powered SaaS investment management and asset servicing enterprise platform FundGuard.

21 April 2022

Company update/inclusion

QuadFi scores $100m financing facility with Crayhill Capital Management

QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.

20 April 2022

Company update/people

Opsmatix appoints Dan Kramer as CEO

Opsmatix, an innovative fintech providing AI-powered unstructured communications management solutions, announces the appointment of New York-based seasoned finance and technology executive Dan Kramer as CEO.

20 April 2022

News/payments

Google fund invests in Dutch fintech Payaut

Google's AI-focus venture fund has led an €8 million seed round for Payaut, an automated payment provider for online platforms and marketplaces.

13 April 2022

Company update/retail

TransUnion picks Provenir for AI-powered risk decisioning

Provenir, a global leader in AI-powered risk decisioning software, today announced it has been selected to join TransUnion’s Strategic Alliance Distribution Program.

11 April 2022

Company update/retail

OTP Bank signs with Flowx.AI

OTP Group, one of the largest independent financial services companies in Central Europe, announced today that it partnered with FLOWX. AI, the low-code/no-code provider in the enterprise space, to accelerate and reshape its digital experiences for customers and employees.

06 April 2022

News/security

IBM introduces real-time AI for transaction processing

IBM is harnessing the power of real-time AI to help banks analyse for fraud during transactions on a "massive scale".

05 April 2022

Company update/inclusion

Carefull and Nationwide team up to support 'financial caregivers'

Carefull, the first digital platform built to protect the daily finances of older adults, today announced a pilot program with Nationwide and their Innovation team, leveraging access to Carefull’s safe money monitoring technology.

01 April 2022

Company update/startups

Jia Finance raises $5m to help Asian investors get US residential mortgages

Jia Finance, an online residential mortgage platform for foreign investors, is now scaling its offering in the U.S. for international buyers and announcing its $5 million seed round of funding.

31 March 2022

Company update/security

More than 90% of European fintechs will adopt AI-enabled risk decisioning to combat fraud - Provenir

According to the latest study from Provenir, a global leader in AI-powered risk decisioning software for the fintech industry, fraud prevention is the biggest driver for investments in AI-enabled risk decisioning this year.

30 March 2022

Company update/markets

Quant Insight rolls out Retina 2.0

Quant Insight (Qi), the ground-breaking macro analytics provider for institutional investors, has rolled out RETINA™ 2.0, which includes major updates, new features, and improved functionality.

30 March 2022

News/regulation

Effectiv raises $4m for fraud management platform

Effectiv, the US startup behind a no-code risk management platform for mid-sized banks, credit unions and fintechs, has raised $4 million in seed funding.

30 March 2022

News/cloud

Alkami to buy Segmint

Cloud-based digital banking technology vendor Alkami has agreed to buy financial data analytics and transaction cleansing provider Segmint for $135.5 million in cash.

29 March 2022

News/wholesale

NextGen Nordics: Danske Bank announces Trade AI app

Ahead of our NextGen Nordics conference on the 27th of April 2022, we will be putting together a weekly briefing of selected top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

25 March 2022

News/sustainable

Climate X raises $5.4m

London-based climate risk analytics provider Climate X has raised $5.4 million in a seed funding round co-led by CommerzVentures and A/O PropTech.

25 March 2022

News/payments

Mastercard rolls out open banking payments tools

Mastercard has unveiled a pair of open banking tools designed to improve predictability and transparency in digital account-to-account payments for merchants.

23 March 2022