Latest Artificial intelligence News: Finextra Research

Symend raises $43m for financially-at-risk customer engagement platform

Symend, a Canadian startup that helps companies such as financial institutions and utilities identify and assist customers struggling to pay bills, has raised US$43 million. The funding - a Series B+ that tops up a May 2020 US$52 million Series B - was led by Inovia Capital.

09 February 2021

Company update/wealth

Marketware partners InterGen Data to provide Life Stage Life Event data to clients

Marketware International collaborates with InterGen Data to help banks and financial services organizations modernize and expand their customers’ experiences by hyper-personalizing their wealth management offerings.

08 February 2021

News/cloud

BNY Mellon taps Google Cloud to forecast settlement failures

The Bank of New York Mellon is working with Google Cloud to help clients better predict billions of dollars in daily treasury market settlement failures to improve market liquidity.

08 February 2021

Company update/startups

SME-focused fintech Thrive starts £2 million crowdfunding campaign

Thrive, a fintech that promises to automate financial admin for SMEs has announced a crowdfunding campaign on Birchal, with the goal of raising up to $2m to fund its launch plans for later this year.

04 February 2021

News/wealth

WealthArc raises $4m

Swiss wealth management fintech WealthArc is looking to strengthen its overseas growth after securing more than $4 million in funding.

03 February 2021

Company update/payments

CIBC adds insights to mobile app

Today CIBC launched its new CIBC Insights feature, which offers clients personalized and actionable data-driven recommendations based on their financial transactions.

03 February 2021

Company update/markets

Vermiculus unveils microservice-based clearing system with AI capabilities

Today, Vermiculus announces the launch of its elastically scalable, AI-powered, real-time clearing system as part of a portfolio of products for the entire transaction chain.

03 February 2021

Company update/security

Nice Actimize primes AI to combat synthetic and stolen identity fraud

Sophisticated fraud schemes utilizing stolen and synthetic identities are accelerating, requiring more powerful fraud-fighting solutions than traditional identity verification might have previously offered.

03 February 2021

News/retail

BofA customers go digital during pandemic

Bank of America has seen a surge in digital engagement during the Covid-19 pandemic, with 70% of consumer clients now using online and mobile channels.

03 February 2021

Company update/payments

Visa introduces VisaNet +AI

Visa Inc. (NYSE: V) today announced VisaNet +AI, a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers—including delays and confusion with managing account balances and the unpredictability of daily settlement for financial institutions.

02 February 2021

Company update/markets

Mosaic Smart Data releases analytics tool to spot investment opportunities

Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has launched the first real-time guided analytics tool for capital market performance, MSX360.

02 February 2021

News/sustainable

Elastacloud runs hackathon to devise sustainable finance solutions

The first Sustainable Finance hackathon run by data science specialists Elastacloud in association with Finextra and Responsible Risk, took place on 16 and 17 January bringing together 38 professionals from the finance and technology sectors.

29 January 2021

Company update/retail

World Economic Forum launches global alliance for responsible AI

The World Economic Forum announced today the launch of the Global AI Action Alliance (GAIA), a new flagship initiative to accelerate the adoption of inclusive, transparent and trusted artificial intelligence globally.

28 January 2021

News/payments

Davos 2021: Private and public cooperation is driving digital across MENA

Finextra is at Davos this year, covering global insights into the impact fintech has on wider issues such as responding to Covid-19, restoring economic growth and advancing a new social contract.

26 January 2021

News/markets

Luxembourg Stock Exchange acquires major stake in data handling startup Tetrao

The Luxembourg Stock Exchange has acquired a 22.8% stake in local data handling startup Tetrao.

26 January 2021

Company update/cloud

Accern no-code AI platform comes to AWS Marketplace

Accern, a leading no-code, artificial intelligence (AI) company today announced that its no-code AI platform will now be available for subscription in AWS Marketplace.

26 January 2021

Company update/startups

Verofax wins Bahrain Islamic Bank's 'BisB Innovation Challenge'

Bahrain Islamic Bank (BisB), a leading Bank in the Arab Gulf region, has announced Verofax as winner of the 'BisB Innovation Challenge', a Fintech Competition run as part of the Bank's partnership with 'FinHub 973: CBB (Central Bank of Bahrain) Digital Lab', the Kingdom's open application programming interface (API) innovation platform.

25 January 2021

Company update/markets

Pragma releases execution algorithms with "deep-learning" capabilities for equity trading

Pragma, the independent algorithmic trading technology provider, has launched a new generation of deep-learning enabled execution algorithms.

20 January 2021

Company update/markets

BME to launch AI-based robo-advisor service

BME has developed an innovative service of Roboadvisor with Artificial Intelligence optimizing investments based on the investor's preferences and knowledge and complying with each firm’s business regulations.

19 January 2021

Company update/retail

NCR to embed conversational AI with Kasisto

Kasisto, creators of the leading digital experience platform for the financial services industry today announced they are integrating Kasisto’s consumer banking virtual assistant (KCB) and its KAI platform, into NCR Digital Banking technology.

15 January 2021