Latest Artificial intelligence News: Finextra Research

Company update/wealth

Refinitiv partners Vestorly on AI-driven marketing tools for wealth management providers

Refinitiv, an LSEG Business, today announced a new strategic agreement with Vestorly, an AI-driven content curation and marketing platform, to provide wealth management firms and advisors with personalized content and marketing tools designed to foster a more-impactful digital customer engagement experience.

15 March 2022

News/startups

KBC launches AI fintech

Belgian bank KBC has launched its own fintech to sell the AI applications it has developed to third parties.

14 March 2022

News/cloud

NatWest taps AWS for data-driven services

NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.

11 March 2022

Company update/wholesale

AI adoption matures in financial services

Temenos (SIX: TEMN), the cloud banking platform, today published a report with the Economist Intelligence Unit, “Banking on a game-changer: AI in financial services”.

10 March 2022

Company update/wholesale

IBSFINtech launches SaaS-based supply chain finance package

IBSFINtech, India's leading TreasuryTech solutions provider for corporates, has extended its product offerings with the launch of VNDZY- an integrated SaaS solution for Supply Chain Finance.

09 March 2022

Company update/regulation

Tintra secures additional investment under $10 million funding round

Tintra PLC has secured a subscription for an additional $250,000 investment under its current $10 million funding round, to help drive its next stage of strategic growth and advance its RegTech business unit.

07 March 2022

Company update/people

ThetaRay appoints Peter Reynolds chief revenue officer

ThetaRay, a leading provider of AI-powered transaction monitoring technology to protect banks and fintechs against financial crimes, today announced that it is strengthening global revenue operations with the appointment of Peter Reynolds as the company's Chief Revenue Officer (CRO).

04 March 2022

Company update/payments

Mobi724 acquires LatAm marketplace Avenida

Mobi724 Global Solutions Inc. (TSXV: MOS) ("Mobi724" or the "Company"), a fintech enabler of real-time, AI-powered payment card-linked solutions, is pleased to announce it has entered into an agreement in principle (the "Agreement") with Avenida Inc. (the "Seller") to acquire all of the shares of Avenida Compras S.A. ("Avenida+"), a rapidly growing white-label marketplace and e-commerce business with a growing presence in Latin America (the "Transaction").

03 March 2022

Company update/regulation

DIFC introduces AI and coding licence

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has announced the launch of a ground-breaking Artificial Intelligence (AI) and coding license, in cooperation with the UAE Artificial Intelligence Office.

01 March 2022

Company update/retail

Scienaptic AI signs Bethpage Federal Credit Union

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that Bethpage Federal Credit Union is planning to implement its AI-powered credit decisioning platform. This deployment will enable the credit union to make faster, smarter credit decisions to increase loan approvals and support the financial goals of its members.

28 February 2022

News/regulation

Squirro signs European Central Bank; sets sights on US with open.exchange acquisition

Follwing landmark deals with the Bank of England and German Bundesbank, Squirro has unveiled the European Central Bank as the latest client for its augmented intelligence toolkit.

24 February 2022

News/identity

TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

24 February 2022

News/cloud

US Bank picks Microsoft Azure for cloud migration

US Bank says it is making a "substantial" investment in modernising its technology foundation by choosing Microsoft Azure as its primary cloud provider for its applications.

24 February 2022

News/startups

ING Labs spinout raises $16m for AI-powered search engine software

ING Labs spin-out startup SeMI Technologies has raised $16 million for its open-source Weaviate vector-search database.

23 February 2022

Company update/retail

SambaNova launches GPT-powered AI purpose-built for financial services industry

SambaNova Systems, the company delivering the industry’s only comprehensive software, hardware, and solutions platform to run AI and Deep Learning applications, announces SambaNova GPT Banking, the first solution purpose-built for the financial services industry, enabling banks to create clear market separation in AI by jump-starting their deep learning language capabilities in weeks, not years.

23 February 2022

Company update/crime

IHS Markit and TradeSun partner to use data and AI to combat crime in trade

IHS Markit, a world leader in critical information, analytics and solutions, and TradeSun, a provider of cutting-edge trade compliance solutions, have announced a strategic partnership to offer an all-in-one integrated trade solution that enhances financial crime due diligence and advances digitization of the overall compliance process.

23 February 2022

News/retail

VTB trials voice assistant that can predict client demands

Russia's VTB is anticipating a 30% uplift in call centre automation following the introduction of a voice assistant that can anticipate client demands.

21 February 2022

News/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

18 February 2022

Company update/security