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Zilch surpasses four million customers

Zilch, the world’s first ad-subsidised payments network (ASPN), today announced its latest milestone: surpassing 4 million registered customers within just 44 months of launch.

Mastercard takes GenAI to the Dark Web

/security

Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

/people

BlueFlame AI names Ed Chu CTO

BlueFlame AI (“BlueFlame”), the generative AI platform for alternative investment managers, today announced the appointment of Ed Chu as Chief Technology Officer.

AI and Quantum pack a dual punch for financial institutions

/Artificial intelligence

Scott Hamilton Contributing Editor at Finextra Research

AI and Quantum pack a dual punch for financial institutions

Lending Modernisation: Quick Wins for Banks

/cloud

Lending Modernisation: Quick Wins for Banks

Join FinextraTV in conversation with Robert Downs, Global Head of Corporate & Syndicated Lending, Finastra and Prakash Pattni, Managing Director - Digital Transformation, IBM Cloud for Financial Services, IBM, as we explore a plethora of topics including digitalisation gaps, cloud innovation, data and knowledge management, regulation, and competition and how they all intersect with each other to modernise lending. This compelling conversation explores current problems with data in the lending industry and how modern technologies such as AI and automation transform lending processes, products and ensure quick wins for banks.

/ai

Jaja Finance launches Gen AI chat assistant

Jaja Finance (“Jaja”) has today become one of the first UK fintechs to launch a Generative Artificial Intelligence (Gen AI) chat assistant using Anthropic’s state-of-the-art Claude 3 model family, accelerating the fintech’s journey to becoming the UK’s leading digital lender.

/ai

Sectors exposed to AI experience five times higher growth in labour productivity

Sectors more exposed to AI are experiencing almost five times (4.8x) higher growth in labour productivity, according to PwC's inaugural 2024 Global AI Jobs Barometer, published today.

AI should be trained to respect a regulatory 'constitution' says BofE policy maker

/ai

AI should be trained to respect a regulatory 'constitution' says BofE policy maker

Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

/wealth

EFG Hermes acquires minority stake in Danish fintech Kenzi Wealth

Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.

JPMorgan to give AI training to all new hires

/ai

JPMorgan to give AI training to all new hires

JPMorgan is to give AI training to all new employees, as the bank seeks to cement its reputation as an AI powerhouse.

/ai

Glia releases 'Responsible AI' platform

Glia, the leader in customer interaction technology, today launched Glia Cortex, the first responsible AI platform built specifically for the financial services industry.

/cloud

Payarc to adopt AI with AWS

Payarc, a leader in innovative payment processing solutions, announces it is working with Amazon Web Services (AWS) to enhance business intelligence for its clientele. Leveraging AWS machine learning, generative artificial intelligence (gen AI), analytics, security, and business intelligence technologies such as Amazon Macie, Amazon SageMaker, Amazon Redshift, data lake Foundation on AWS, Amazon QuickSight, Amazon QuickSight Q, and Amazon Q, Payarc aims to redefine financial data analysis in the payment industry.

Kudos raises $10.2m for AI-powered smart wallet

/ai

Kudos raises $10.2m for AI-powered smart wallet

Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.

TCF 2024 day 2: ESG, AI, and the market outlook

/devops

TCF 2024 day 2: ESG, AI, and the market outlook

Benjamin Ensor, director of research and strategy at 11:FS, moderated the first panel of the day to look at a market updates. He was joined by Kanika Hope, chief strategy officer, Temenos; Dan Broten, chief technology officer, EQ Bank; and Rob Keijsers, chief digital and information Officer, ASA International.

Nasdaq boosts market surveillance with GenAI

/ai

Nasdaq boosts market surveillance with GenAI

Exchange operator Nasdaq is integrating a GenAI-powered feature into its market surveillance technology.

Fraud and AML Case Management: How to Operate at the Speed of Risk

/Artificial intelligence

Fraud and AML Case Management: How to Operate at the Speed of Risk

379 downloads

/ai

Modern Treasury updates reconciliation product

Modern Treasury, essential infrastructure for the new era of payments, today introduced new innovations to its Reconciliation product and AI tools to help companies automate complex reconciliation challenges.

/ai

M&T Bank taps nCino for credit monitoring

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that M&T Bank Corporation (“M&T”) (NYSE:MTB) an existing and long-standing nCino customer, is expanding its use of the nCino platform and integrating nCino’s Continuous Credit Monitoring Solution into its operations. The solution is powered by nIQ and leverages Rich Data Co’s (RDC) AI decisioning platform.

/wholesale

Chase for Business survey reveals tech inspiration driving SMEs

Leading financial services provider for small businesses, Chase for Business survey revealed it’s findings indicating continued optimism among small business owners and their growing willingness to invest in digital solutions.

/identity

Koodoo taps Resistant AI for document fraud checks

Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology.

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