Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

SMBC to slash data prep times by 80% with Trifacta

Sumitomo Mitsui Bank has turned to Silicon Valley data wrangling company Trifacta to slash preparation times for the aggregation and analysis of mushrooming customer data troves.

19 February 2019

News/ai

Sberbank creates algorithm to do data scientists' job

It seems that even data scientists are not immune to the corrosive impact of artificial intelligence on the jobs market. Russia's Sberbank claims to have created an algorithm - Auto ML (machine learning) - that "acts like a data scientist", creating its own models that then solve application tasks.

18 February 2019

News/Artificial intelligence

Nationwide to roll out AI assistant

Nationwide Building Society is to launch a virtual assistant as a first line of support for first-time home buyers, responding to preliminary inquiries.

15 February 2019

Company update/ai

Credit card provider NewDay taps Limitless Voice of Customer programme

Limitless, the UK-based inventor and provider of a SaaS platform offering AI and crowd sourced customer service solutions, today announces that it has successfully concluded the first phase of a Voice of Customer (VoC) programme with leading credit card provider, NewDay.

15 February 2019

Company update/ai

Fidor releases chatbot with Finn AI

Fintech pioneer Fidor, a leading digital banking group is announcing its new banking chatbot, designed in collaboration with Finn AI, the world’s leading AI-powered conversational banking technology provider.

14 February 2019

News/retail

Santander strikes $700m IBM deal to support biz transformation programme

IBM continues to rack up the financial services contract wins, scoring a huge $700 million global deal with Banco Santander, as well as agreements with ICBC Argentina and the card unit of Hyundai and Kia Motors.

13 February 2019

Company update/ai

HighRadius unveils Autonomous Receivables AI virtual assistant

HighRadius, a fintech enterprise Software-as-a-Service (SaaS) company specializing in automating the order-to-cash process, today announced the rollout of Autonomous ReceivablesTM offering, a new way for human analysts to interact and work with machine learning-based, order-to-cash software.

13 February 2019

News/startups

VC Finch Capital to invest EUR20m in Irish fintech startups

VC firm Finch Capital has earmarked EUR20 million for investment in Irish fintech-focussed startups after scoring EUR10 million from State agency Enterprise Ireland.

13 February 2019

News/ai

UOB targets Singapore's 'emerging affluent' with state-of-the-art branch

United Overseas Bank (UOB) is mixing the physical and the digital with a new tech-packed branch focussed on Singapore's large "emerging affluent" class.

12 February 2019

Company update/ai

Solactive partners Truvalue Labs on AI-driven ESG indices

Solactive, the German index engineering firm, will collaborate with San Francisco-based AI company Truvalue Labs, intensifying efforts to meet a significant increase in client demand for ESG indices.

11 February 2019

News/ai

UBank launches 'digital human' home loan assistant

Australian online bank UBank is set to debut the latest member of its home loan team, Mia, a digital assistant with a human face powered by artificial intelligence technology.

11 February 2019

Finextra TV/Artificial intelligence

Industry challenges around IBOR Transition

Andrew Kouloumbrides, CEO, Xceptor and Bruce Laing, Partner, IBOR Transition lead, Baringa, speaks about the industry challenges around IBOR Transition, what Financial Institutions have done up to date to meet these challenges and what to expect next.

11 February 2019

News/ai

Mizuho taps AI to automate data processing of hand-written docs

Japan's Mizuho Financial Group has teamed up with six regional financial institutions to develop an AI-based tool for automating data processing of hand-written documents and non-standard forms.

11 February 2019

News/ai

Pagaya uses AI to issue $100m in asset-backed securities

Pagaya, a startup bringing AI to the asset management industry, has hit a milestone with news that it is issuing and overseeing $100 million in actively managed asset-backed securities (ABS) led by structuring agent Cantor Fitzgerald.

08 February 2019

News/ai

BBVA's Propel invests in psych/AI startup DataSine

Propel Venture Partners, BBVA’s San Francisco based venture capital investment vehicle, has co-led a $5.2 million funding round into London-based DataSine, which blends psychology with machine learning to create highly individualised marketing campaigns.

08 February 2019

Finextra TV/Artificial intelligence

FinTech, RegTech & The Role of Compliance

Stacey English, Head of Regulatory Intelligence, Thomson Reuters, speaks about how regtech is changing compliance, the challenges firms need to overcome to be able to implement new technology like regtech, what impact regtech will have on compliance functions in practice and how engaged compliance and boards are in the assessment and adoption of new technology.

08 February 2019

News/Artificial intelligence

Financial inclusion takes stage at massive blockchain hackathon

Financial inclusion and security will be one of the challenges at what is being billed as the world's largest blockchain and AI hackathon, taking place in the Netherlands this April.

08 February 2019

News/ai

NatWest Data COO: ’Overhyped’ AI must work for customers

In an interview with Finextra, NatWest chief operating officer for data and analytics, Paul Hollands, reveals that although he considers artificial intelligence to often be no more than a buzzword, the UK bank’s new data academy will let staff leverage practical technologies such as machine learning to build better services for customers.

07 February 2019

Company update/security

Onfido hires former Amazon robotics head Mahadevan as VP of research

Global identity verification provider Onfido today announces that it has hired Mohan Mahadevan as its VP of Research.

06 February 2019

Company update/payments

Yooz arrives in the UK

Yooz, an international provider of intelligent P2P software, today announces the launch of its automated, cloud-based accounts payable (AP) solution in the UK.

06 February 2019