Latest Artificial intelligence News: Finextra Research

Is RegTech encouraging a cloud revolution?

The deployment of new applications and the migration of core systems onto the cloud is in full swing, and financial institutions (FIs) could arguably soon be free of the legacy shackles that prevent them from moving forward into the age of digitalisation.

30 July 2019

Company update/ai

Aiera to offer Gridspace speech technology

Gridspace and Aiera are today announcing they have joined forces to offer Gridspace’s speech technology through Aiera for reliable, quick, and clear synthesis of earnings calls, streamed company events, conferences, and much more.

25 July 2019

Company update/ai

Lloyd’s syndicate and Previse collaborate to tackle slow invoice payments

Beat Syndicate 4242 of Lloyd’s has become the first globally to insure the instant payment of business to business invoices against dilution risk, creating a brand new category of insurance for pre-approval invoice payments.

25 July 2019

Company update/devops

Synechron opens Libor Accelerator

Synechron Inc., a leading Digital Consulting firm for financial services, today announced the launch of its newest Accelerator solution, the Data Science Accelerator for LIBOR Impact Analysis, the latest addition to Synechron’s existing AI Data Science Accelerator program.

25 July 2019

Company update/ai

Applying AI to translate financial documents, Lingua Custodia raises EUR1.1 million

Lingua Custodia, the specialist in Machine Learning applied to financial translation, announces the closing of a €1.1m fundraising operation.

23 July 2019

Company update/ai

Microsoft invests in OpenAI to bring artificial intelligence to the cloud

Microsoft Corp. and OpenAI, two companies thinking deeply about the role of AI in the world and how to build secure, trustworthy and ethical AI to serve the public, have partnered to further extend Microsoft Azure’s capabilities in large-scale AI systems.

23 July 2019

Finextra TV/wealth

Changes in wealth management and the investors' demands

John Wise, CEO/ Co-Founder/ Chairman, InvestCloud, speaks about the changes in wealth management and the external factors drivers that change, what investors are demanding, whether investment firms are keeping up with these demands, how these demands are differing between the UK and the US, and how robo advisers are changing the game.

22 July 2019

Company update/ai

Currencies Direct chooses Onfido to scale customer onboarding

Onfido, the award-winning global identity verification platform, today announced a partnership with Currencies Direct, the leading international payments provider, to power its identity verification for onboarding new customers.

22 July 2019

Company update/regulation

AdviceRobo offers PSD2 categorisation bot for lenders

AdviceRobo offers lenders a brand-new PSD2 API for transactional data categorisation and default prediction.

19 July 2019

News/ai

Temenos buys Explainable AI firm Logical Glue

Swiss banking software provider Temenos has acquired Logical Glue, a London-based Explainable AI (XAI) specialist with financial services customers in the UK and Europe. Financial terms were not disclosed.

18 July 2019

News/Artificial intelligence

Mastercard and Citi invest in Flybits

Mastercard and Citi Ventures have joined a $35 million Series C funding round for Flybits, a startup that uses AI and machine learning to help banks personalise their customer offers.

16 July 2019

News/ai

Machine says no: FCA to explore the 'explainability' of AI in consumer finance

The UK's Financial Conduct Authority is partnering with the Alan Turing Institute to explore the transparency and explainability of AI in the financial sector.

16 July 2019

News/cloud

The old rules no longer apply: Risk management and regulatory reporting in the cloud

Deploying new applications on the cloud is now the default. The question is not if applications should be built in the cloud or existing workloads should be migrated, but how fast can financial institutions (FIs) remove traditional IT constraints in the age of digitalisation.

12 July 2019

Company update/ai

MDOTM appoints advisory board

MDOTM, the fintech startup that develops AI-driven investment strategies for institutional investors (Banks, Family Offices, Wealth and Asset Management companies), launches its Advisory Board and announces its members: Federico Ghizzoni, Chairman Rothschild Italy and former CEO Unicredit; Alida Carcano, CEO Valeur Asset Management; Marino Valensise, Head of the Multi Asset Group and Chairman of the Strategic Policy Group at Barings; Fabio Troiani, Co-founder and CEO of Bip; Michele Padovani, Cherry Bay Capital Executive Director and Former Director of Innovation Strategy at EY.

11 July 2019

News/ai

Indian startup Recko scores $1m for AI-powered reconciliation

Recko, an Indian startup that enables AI-powered reconciliation of digital transactions, has raised $1 million seed funding from Prime Venture Partners.

11 July 2019

Company update/startups

Silicon Valley Bank and First Data pick latest class for Commerce.Innovated

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 9 of Commerce.Innovated., an accelerator program designed to help commerce, payments, and fintech companies grow their businesses.

10 July 2019

Company update/ai

SEB and SAS co-invest in Combient mix to build AI hub for Nordic industries

Backed by their network of Nordic large enterprises, Combient is scaling its leading AI service with SEB and SAS co-investing in the spin-off Combient mix.

10 July 2019

Company update/ai

Finantix components deployed by HSBC private bank

Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, today announced that Finantix Components have been deployed by HSBC Private Banking as it launches a new global client wealth management portal for its clients.

10 July 2019

Company update/ai

Elavon to fight fraud with Brighterion AI

While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging fraud payment schemes online.

09 July 2019

Finextra TV/Artificial intelligence

Open banking and it's link with identity

Franziska Zangl, Head of Business Development, NDGIT, speaks at Money 20/20 about Open Banking, APIs and PSD2, what lies ahead for banks, what we are finding in the other European markets, who is the most active or furthest advanced, and how banks are talking more and more about the connection points between Open Banking and the bigger societal issues of a consumer’s Personal Data and Identity.

09 July 2019