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ConnexPay introduce AI-boosted Intelligent Payouts

ConnexPay, the world’s first all-in-one payments platform, today announced the launch of its patent-pending Intelligent PayOuts technology.

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Koodoo unveils GenAI digital agent to streamline home buying

Koodoo, a leader in mortgage technology innovation, is proud to announce the launch of its new Generative AI-powered Mortgage in Principle (MIP) digital agent designed to help first time buyers take their first steps towards owning a property.

Rabobank joins funding round in Hawk

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Rabobank joins funding round in Hawk

German RegTech Hawk has extended its Series B funding round with an additional investment from Dutch bank Rabobank.

JPMorgan hires ex-PayPal exec as CTO - Reuters

/people

JPMorgan hires ex-PayPal exec as CTO - Reuters

JPMorgan Chase has appointed former PayPal executive Sri Shivananda as chief technology officer, according to Reuters.

HSBC and BNY Mellon early adopters for Quantexa GenAI suite

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HSBC and BNY Mellon early adopters for Quantexa GenAI suite

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa's Q Assist context aware generative AI technology suite.

US Treasury seeks feedback on use of AI in financial services

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US Treasury seeks feedback on use of AI in financial services

The US Department of the Treasury is seeking public comment on the risks and opportunities posed by the use of AI in financial services.

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Boost.ai scores credit union contract wins

Leading conversational AI provider boost.ai today announced Credit Union of Colorado and Desert Financial Credit Union (DFCU) as new customers alongside a new strategic partnership with Pindrop, industry leaders in voice security solutions.

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

/regulation

Lord Christopher Holmes of Richmond MBE on what the AI Regulation Bill Means for Fintech

At IFGS 2024, Lord Christopher Holmes provides his view on announcements such the Open Finance Task Force, which were revealed by Bim Afolami MP. Lord Holmes also dives deep into the AI Regulation Bill and how the industry can better align technology for financial inclusion and to benefit vulnerable customers.

Former Barclays CPO Megan Caywood Cooper launches AI wealthtech

/startups

Former Barclays CPO Megan Caywood Cooper launches AI wealthtech

Megan Caywood Cooper, former Barclays chief product officer and Starling chief platform officer, has announced her new AI wealthtech Caywood, at Money 20/20 today.

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Commonwealth studies potential of AI in finance for Americans earning low to moderate incomes

Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations.

ABN Amro turns to AI for trade finance automation

/ai

ABN Amro turns to AI for trade finance automation

Dutch bank ABN Amro is working with AI platform Complidata to automate its trade finance operations.

/people

Tifin adds Ken Denman to board

Tifin, an early mover and leading innovator in AI-powered fintech, is thrilled to announce the appointment of Ken Denman to its Board of Directors.

Cognizant, Rabobank, and Microsoft: Partnering to harness generative AI

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Cognizant, Rabobank, and Microsoft: Partnering to harness generative AI

Join FinextraTV as Gregory Verlinden, Vice President of Analytics & AI at Cognizant; Fred van Pouderoijen, IT Domain Manager for Payments at Rabobank; and Annette Harris, Head of Financial Services Netherlands at Microsoft, discuss the transformative impact of Generative AI on the financial services industry. Discover how engineers can leverage emerging technologies, how GenAI is reshaping the market for FSIs, and the benefits for SMEs. Learn about the role of strategic partnerships in navigating and responding to the complexities of the payments ecosystem.

Bunq leverages NVIDIA AI to debunk financial fraud

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Bunq leverages NVIDIA AI to debunk financial fraud

Dutch neobank bunq this week announced their partnership with NVIDIA to combat fraudsters with the help of accelerated computing and AI.

Equals Money and Zūm Rails make BaaS plays

/payments

Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.

/cloud

Rapid Finance introduces cloud-based rules engine for SMB lending

Rapid Finance, a leading small business banking platform specializing in providing customized financing solutions, announced today the availability of its cloud-based rules engine as part of its recently enhanced, award-winning AI fraud detection platform, Lynx.

Visa looks to generative AI to enhance tokenisation

/payments

Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

/ai

AI helps Klarna cut marketing agency spend by 25% and run more campaigns

Klarna, the AI powered global payments network and shopping assistant, has cut its sales and marketing spend by 11% in Q1 2024 while increasing the number of campaigns and updating marketing collateral more frequently.

Mastercard and bunq forge AI open banking partnership

/retail

Mastercard and bunq forge AI open banking partnership

Mastercard and bunq have announced their partnership to create an open banking and AI tool at Money 20/20 Europe.

/ai

Aveni partners with intelliflo as a strategic AI partner

aveni.ai, an award-winning AI Fintech company, and intelliflo, a global leader in financial advice technology, have partnered to integrate generative AI, aiming to revolutionise the financial advice workflow and compliance with an end-to-end solution.

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