Latest Artificial intelligence News: Finextra Research

OpenAI, Google pledge to build responsible AI

OpenAI and Google are among dozens of tech companies signing open letter pledging to build ethical AI.

08 March 2024

BofE plans cloud-based data platform and AI pilots

The Bank of England is building out a cloud-based data and analytics platform after an independent review found "nervousness" in adopting the technology.

08 March 2024

Company update/retail

Profile Software ships LLM for app queries

Profile, a leading international financial solutions provider, announces the launch of its pioneering AI.Adaptive solution and incorporates the cutting-edge technology introduced by Artificial Intelligence, revolutionising the digital landscape.

07 March 2024

Why data is the backbone of predictive AI

Long read/Artificial intelligence

Dominique Dierks Senior Content Manager at Finextra

Why data is the backbone of predictive AI

07 March 2024

Company update/startups

AI-powered data analytics firm Fluent raises $7.5m investment

Fluent, a data analytics platform transforming the way decision-makers access and use business data, has announced the close of a $7.5 million seed investment round.

06 March 2024

News/startups

Theia Insights raises $6.5m to bring AI to investment community

A former Amazon Alexa scientist has raised $6.5 million for a startup vowing to bring foundational AI to the global investment community.

06 March 2024

Research/Artificial intelligenceImpact Study

APP Fraud Liability: A Guide for Banks

06 March 2024 562 downloads

Company update/regulation

Unit21 launches AI-powered tools for AML and fraud analysts

Unit21, a leading provider in Fraud and AML solutions, today unveiled its new AI-powered features at Fintech Meetup.

04 March 2024

News/payments

NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

01 March 2024

News/devops

Microsoft launches AI-powered Copilot for Finance

Microsoft has launched Microsoft Copilot for Finance, an AI-driven workplace automation service that is part of Microsoft 365, joining Copilot for Sales and Copilot for Service in the Microsoft Copilot suite.

01 March 2024

News/payments

Klarna's AI chatbot does the equivalent work of 700 full-time humans

Klarna says its OpenAI-powered chatbot is doing the equivalent work of 700 full-time agents after its global launch last month.

29 February 2024

Company update/wealth

Tifin and RBc Wealth Managmeent expand partnership

Tifin, a leading AI and innovation platform for wealth, announces a new phase of collaboration between TIFIN AG and RBC Wealth Management-U.S.

28 February 2024

Company update/wholesale

Fusion Risk Management unveils AI assistant

Fusion Risk Management, Inc. ("Fusion"), a leading provider of cloud-based operational resilience, business continuity, and risk management solutions, has announced general availability of its AI-powered assistant Fusion Resilience Copilot™ following a successful global beta program.

28 February 2024

Company update/payments

Basware appoints head of AI and CIO

Basware, a global leader in AP automation and invoice processing, has announced the appointments of Anssi Ruokonen as its Director of AI Research and Enablement, and Barrett Schiwitz as its new Chief Information Officer (CIO).

28 February 2024

News/wholesale

Treasury management fintech Embat raises €14.7 million

Madrid-based treasury management startup Embat has raised €14.7 million in a Series A funding round led by Creandum, an early backer of fintech success stories Trade Republic, Klarna, iZettle and Pleo.

28 February 2024

Company update/regulation

Themis launches AI-powered bot on AML platform

Themis continues to lead in applying innovative technology to the fight against financial crime, with the launch of a cutting-edge, AI-powered chatbot integration for its AML/KYC Platform.

27 February 2024

Finextra TV/predictions

Financial Forecast 2024: What's Ahead?

In this episode of Predict 2024, Edward Harding, Director of Global Strategic Partnerships at Mambu, discusses the upcoming webinar on Mambu’s 2024 partner predictions report, highlighting how trends are shaping financial services and influencing strategies in the year ahead. We learn about Mambu's partnership-driven approach to industry challenges, examine rising trends such as embedded finance and generative AI, and get a preview of what to expect from the webinar on March 6th.

27 February 2024

Company update/markets

Intapp announces plan to acquire AI software company delphai

Intapp, a leading global provider of AI-powered software for professionals in advisory, legal, and capital markets firms, today announced that it has signed an agreement to acquire delphai, a Berlin-based AI software company specializing in applied AI for firmographic data automation, structuring, and intelligence. The transaction is subject to regular and customary closing conditions and is expected to close within the next 60 days.

23 February 2024

News/markets

Nvidia's earnings soar as AI hits the mainstream

Nvidia has announced the company’s financial results for the fourth quarter that reported a revenue of $22.1 billion, 22% higher from Q3 and 265% increased from last year.

23 February 2024

Company update/wealth

Ex-HSBC wealth manager launches conversational AI agent

Alumni of HSBC and St James’ Place Wealth Management, today announced the launch of a multimodal privacy-focused AI Financial Agent, under their flagship product, Finley AI.

22 February 2024