Artificial intelligence

4005 articles tagged with this keyword

/ai

From Ageing Systems to Automation: How CTOs Are Approaching Modernisation

Speaking to FinextraTV at SBS Summit 2025 in Paris, Andrew Steadman, Chief Product Officer, SBS discussed some of the key challenges facing financial institutions and the careful nuances of successful deployment of new technologies. Steadman professed that such conversations can’t be had without referencing ageing systems and legacies, and how these have caused fundamental blockers. According to Steadman, organisations are primarily concerned with how to adapt these systems and how to embed AI and automation into their processes in a safe and structured manner, without too much disruption. Crucially, whether building data quality or enlisting AI agents, he believes there is a need for a better unification of these technologies and processes, explaining how some organisations have built too many agents or tools and now struggle to define which provide real business value.

/sustainable

Geospatial Analytics and AI: Actionable Intelligence Into African Water Risks

A year on from their Established Category win at the SF.Live Hackathon, Rochelle Mountany, CEO, AfriGIS and Helen Hulett, Chief Sustainabilty Officer, AfriGIS discussed the use of geospatial insights and AI with Richard Peers, Founder, ResponsibleRisk. Mountany explained how challenges like the Hackathon allow companies to test their teams and products in an environment where there is no threat of failure. Speaking to the evolution of geospatial solutions, Hulett described how these have helped asses water risks within Africa, stating that one of the biggest risks in Africa is how the water has been governed and managed on the ground. Hulett further explained how the financial sector is keen to invest in this sector, but don't understand enough about the issues and risks involved.

/retail

Resilience, Trust & Data: Why Clients Are At The Heart of All Decisions

At SBS Summit in Paris, Raouf Mhenni, CCO, SBS spoke about how digitisation and modernisation have been topics in discussion for many years, but now that the tools are in place, it is time for efficiency and resilience to improve. Mhenni went on to say how software providers and banks should aim to be both trusted for money and for data, emphasising how AI is turning data into empathy. However, he cautioned that AI should not be implemented for the sake of AI; rather, all should have the client at the heart of any decision and be focused on real issues and whether AI is the right tool to solve those.

/ai

PayPal wallet comes to ChatGPT

Shares in PayPal soared more than 10% on news that the payments firm has struck a deal with OpenAI to embed its wallet into ChatGPT.

/ai

PayNearMe rolls out AI-powered virtual assistant

PayNearMe, a leading fintech transforming the payment experience, announced the rollout of its AI-powered Intelligent Virtual Agent (IVA) as part of its strategy to advance and modernize customer engagement for non-commerce businesses.

/crime

Starling launches AI tool for scam monitoring

UK challenger bank Starling has launched what it claims is the UK's first AI tool designed to spot purchase scams.

/ai

Swedish AI startup Grasp raises $7m in series A funding

Grasp, the Swedish AI startup automating investment banking and management consulting work using multi-agent systems, today announces it has raised $7 million in Series A funding led by Octopus Ventures, with participation from existing investor Yanno Capital.

/ai

GoodData launches AI data platform for financial services

GoodData, a leading analytics and data intelligence company, today unveiled new finance-focused applications for its composable AI platform, designed to tackle the industry’s toughest challenges.

/ai

Anthropic beefs up Claude for Financial Services

Anthropic, the AI startup backed by Amazon and Google, has expanded Claude for Financial Services with an Excel ad-in and more connectors to real-time market data and portfolio analytics, including from LSEG.

/ai

JPMorgan lets staff use AI to help write performance reviews

JPMorgan Chase is letting employees use the bank's in-house AI system to help them write year-end performance reviews, according to the Financial Times.

/ai

Bottomline introduces embedded AI agent for treasury and cash management

Bottomline, a global leader in business payments and cash management, has announced the forthcoming launch of an advanced AI agent integrated into its Global Cash Management and Payments Hub solution.

/crime

AFP: BMO, Affirm on deepfakes, downtime and demand for a crisis-ready culture

At AFP 2025 in Boston, Larry Zelvin, executive VP and head of the financial crimes unit, BMO; Sarah McMorris, CTP, lead, treasury operations, Affirm; and Marlys Green, director, treasury controller, PDS Health, took to the stage to explore the profound shift in the threat landscape due to AI-enabled cybercrime.

/ai

Worldpay unveils patent-pending AI-powered 3D Secure optimisation service

Worldpay today announced the launch of its innovative Authentication Optimization Service, a patent-pending solution designed to maximize payment approval rates and minimize unnecessary friction for merchants using 3D Secure (3DS) to authenticate payments.

/ai

PayPal integrates Mastercard Agent Pay into wallet

Mastercard's agentic payments platform is being integrated into PayPal's wallet to allow AI agents to complete transactions on behalf of users.

/people

UBS reshuffles top ops roles

Swiss bank UBS has announced a series of changes to its executive team including a reshuffle of its operations and technology roles.

/wealth

Stratiphy opens crowdfunding campaign

Wealth management platform Stratiphy has launched its latest crowdfunding campaign on Crowdcube.

/ai

Prospero.ai and Finimize partner to bring institutional-grade AI insights to retail investors

Prospero.ai, the award-winning AI-powered investing platform helping retail investors trade like professionals, today announced its third partnership with Finimize, one of the world's largest retail investor communities globally (1m+) that empowers retail investors with concise insights from world-class analysts.

/ai

Innovating with AI: How to Improve and Extract Value From Federated Data

In Frankfurt at Sibos 2025, Akber Jaffer, CEO, Smartstream spoke to FinextraTV about on-going conversations around AI innovations and their strategic rebrand to be more data-centric. As part of this conversation, Jaffer described how many institutions have federated data that requires improvement, and a renewed focus on data hygiene in order to keep up with innovation needs. Jaffer creates a picture of an industry ready for progression and with the tools to succeed, but requiring dedicated focus on ensuring existing sources of value are relevant for a new modern era.

/ai

Natural raises $9.8m to build agentic payments infrastructure

Natural, a fintech company building the infrastructure powering agentic payments, announced its emergence from stealth driven by a $9.8 million seed round.