Artificial intelligence

3962 articles tagged with this keyword

/ai

OpenAI hires Wall Street bankers to train AI in financial models

OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.

/ai

Streetbeat raises $15m to scale AI for wealth managers

Streetbeat, an AI-powered intelligence platform for financial professionals and retail investors, today announced $15 million in Series A funding to further expand the use of AI agents for trading.

/ai

Jump acquires Mobile Assistant

Jump, the leading provider of artificial intelligence (AI) solutions for financial advisors and financial services, today announced its acquisition of Mobile Assistant, a leader in advisor transcription services.

/ai

AI financial automation startup Piere raises $2.1m

Piere, an AI-first financial automation platform, today announced it has raised $2.1M in pre-seed funding. The round was led by early-stage fintech fund Grand Ventures, with participation from Selah Ventures, Trustage Ventures, Samvid Ventures, and Fabric VC.

/payments

GoCardless partners Clay to streamline loan disbursements and repayments

Clay, an AI-driven credit and debit-as-a-service company, has selected bank payment company GoCardless to simplify its payments.

/payments

TabSense raises $5m for AI agentic PoS

TabSense, founded in 2024, is redefining how restaurants operate by introducing the first AI Agentic Point of Sale (PoS) - a system powered by intelligent AI agents that act like digital employees, helping restaurants and cafes scale efficiently without compromising quality or control.

/ai

Tavant launches AI mortgage processing product

Tavant, a leading provider of AI-powered fintech solutions and digital engineering, announced today the release of its industry-leading TOUCHLESS® AI Mortgage Origination Suite.

/cloud

The Next-Gen Banking Stack: Cloud, AI, and Quantum on the Horizon

At Sibos 2025 in Frankfurt, Mark Fieldhouse of Form3 and Shanker Ramamurthy of IBM explored the convergence of infrastructure and innovation in financial services, emphasising the shift toward hybrid multicloud environments. They highlighted how banks are blending on-premise, cloud, and SaaS models to achieve agility, resilience, and scalability, laying the groundwork for transformative technologies like generative AI and quantum computing. Ramamurthy noted that tech is no longer just executing strategy but actively shaping it, while Fieldhouse stressed the importance of API-first architectures for delivering agile services. Together, they underscored the urgency for financial institutions to rethink compute paradigms, accelerate execution, and build ecosystems that support next-generation capabilities.

/ai

How Onboarding Automation Creates Inclusion, But AI Still Needs Strategic Oversight

Speaking to FinextraTV at Sibos in Frankfurt, Andy Schmidt, Vice President, Global Industry Lead - Banking, CGI, expressed his belief that one of the key value gains from AI is within the automation of onboarding processes. Schmidt explains how the automation of data collection, fraud detection and onboarding creates a more inclusive environment for mobile-first customers who are more reluctant to deal with physical branches and people. Noting a sustained rise in demand for digital acceleration, Schmidt outlines the vast benefits of AI, but warns against being lulled into a false sense of security, stressing the importance of human strategic oversight still being intrinsically involved.

/ai

AI adoption on the increase among insurers

Artificial intelligence has become a common technology in the insurance industry, with a focus on claims processing, reveals a new report by Sollers Consulting.

/ai

Bolt launches AI for Agencies to reduce quoting time and improve bind rates

bolt, the insurtech with the world’s largest technology-enabled insurance exchange, today announced the launch of bolt AI for Agencies, a conversational and workflow AI agent that helps property and casualty (P&C) agencies automate quoting, capture and qualify inbound leads in real time, and turn faster response into more bound business.

/ai

First Internet Bank rolls out Parlay Finance Loan Intelligence System

Parlay Finance announced today a partnership with First Internet Bank to deploy its AI-native Loan Intelligence System (LIS). The move allows the bank’s Small Business Administration (SBA) lending operations team to eliminate manual tasks and gain deeper insights for loan decisioning.

/people

UBS appoints chief AI officer

UBS is the latest banking giant to bring artificial intelligence into the C suite, tapping JP Morgan's Daniele Magazzeni as its first chief AI officer.

/ai

Communify buys Empaxis Data Management

Communify, the leading provider of Financial AI, Digital and Data solutions for the financial industry, today announces its acquisition of Empaxis Data Management, a premier provider of investment data management and operational services for wealth and asset managers.

/cloud

Wio Bank inks MoU with Alibaba Cloud

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has signed a memorandum of understanding (MoU) with Wio Bank, the Middle East’s leading digital financial platform, to accelerate innovation across cloud computing, AI, and fintech on the sidelines of GITEX Global 2025.

/ai

Zurich Insurance strengthens real-time fraud detection with Quantexa

Zurich Insurance is increasing the power of its real-time fraud detection by becoming the first insurer to partner with Quantexa in the UK.

/ai

CUBE acquires Kodex AI

CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces the acquisition of Kodex AI, a Berlin-headquartered technology business pioneering the use of agentic AI to transform compliance and risk management across the global financial industry.

/ai

Vanquis launches digital benefits checker

Vanquis today announced the launch of the Vanquis Benefits Checker, a new digital tool designed to help customers quickly and easily identify benefits and social tariffs they may be entitled to, ensuring fewer households miss out on vital financial support.

/retail

Klarna to launch digital wallet and debit card in UK

BNPL provider Klarna has fired the first shots in its assault on UK bank's retail business with the launch of a debit card and a digital wallet.

/ai

SBS talks changing face of banking, warns regulation and financial inclusion not optional

Day two of the SBS Summit 2025 continued to prioritise customer experience, but this time with a specific focus on data usage and inclusive efforts to serve the unbanked.