Latest Artificial intelligence News: Finextra Research

Company update/retail

Customers Bank enlists OakNorth to boost credit monitoring and portfolio management

OakNorth, the next-generation credit and monitoring platform, today announces the signing of a commercial agreement with Customers Bank (NYSE: CUBI), which is a full-service bank that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals and families.

08 April 2020

News/covid-19

Google launches bot to help organisations answer Covid-19 questions

Google Cloud has launched a rapid response AI chatbot to help organisations, such as banks, handle ballooning customer service queries during the Covid-19 pandemic.

08 April 2020

Company update/retail

Credit Hero gets a digital boost in lending with Salt Edge

Credit Hero, an online lender from Hong Kong, teamed up with Salt Edge, a leader in offering open banking solutions, to access borrowers’ bank data at digital speed and eliminate the traditional paper chase.

08 April 2020

News/retail

Hang Seng Bank's virtual assistant Haro joins WhatsApp

Hang Seng Bank has introduced a new chat contact for WhatsApp users in Hong Kong, providing a direct connection to its retail virtual assistant Haro.

06 April 2020

News/security

Banks should be cautious with use of AI in cybersecurity

Cybersecurity technology is rapidly evolving and adapting to changing threats thanks to machine learning. However, AI is just one part of handling cyber threats, and financial institutions should be cautious about placing full reliance on it.

06 April 2020

News/covid-19

Rush to digitisation will see fintech sector flourish post-Covid-19

As the fintech sector struggles through the Covid-19 economic fallout, a report from VC Finch Capital offers some light at the end of the tunnel, suggesting that the crisis could ultimately end up benefiting the industry by accelerating the rush to digitisation.

02 April 2020

News/wealth

Belgium's InvestSuite raises EUR2m

Belgian B2B wealthtech startup InvestSuite has topped up its seed funding round with an extra EUR2 million.

02 April 2020

Company update/crime

Pelican Partners with Banking Labs to bring AI-based payments and compliance to Canada

Pelican, a leading provider of payments and financial crime compliance solutions for banks and corporates, today announced that it has signed a partnership agreement with Banking Labs in Canada.

01 April 2020

News/retail

Ping An beats off Big Tech to claim top NLP ranking

Chinese financial giant Ping An has beat off competition from Big Tech firms and rival super apps to set a world record in the prestigious General Language Understanding Evaluation (Glue) benchmark for Natural Language Processing (NLP).

31 March 2020

Company update/Artificial intelligence

Indonesian bureau KBIJ introduces consumer credit scoring tech

PT. Kredit Biro Indonesia Jaya (“KBIJ”) as a private credit bureau licenced by Indonesia Monetary Authority (OJK) is pleased to announce the introduction of “SKORKU” to the Indonesia financial market, making it the first Indonesia consumer score developed using real credit data (credit bureau data) and state of the art machine learning algorithm.

31 March 2020

Company update/markets

Refinitiv invests in ModuleQ

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has invested in and entered a strategic partnership agreement with ModuleQ, a Microsoft partner for Office 365 and Microsoft Teams.

25 March 2020

Company update/markets

Bank of China DeepFX app available over Eikon

Bank of China has launched DeepFX, an artificial intelligence-based foreign exchange trading signal prediction application through Eikon, the first released third-party Eikon app from a China based financial institution.

24 March 2020

Company update/retail

Personetics joins Avaloq.one ecosystem

Avaloq and Personetics are entering into a strategic partnership to connect Avaloq’s global banking clients with Personetic’s AI-powered personalized engagement solutions.

24 March 2020

Research/Artificial intelligence

Should banks be the guardians of digital identity?

24 March 2020 803 downloads

Company update/wholesale

Factris receives EU funding for AI-based SME risk-management system

The fintech company Factris has just received a grant of 1,4MM from the EU to fund the development of an automated risk-management system that uses artificial intelligence (AI) technology.

17 March 2020

Company update/startups

Artis launches to approve loans on alternative data sources

Today, Artis Technologies announced the launch of its embedded financial services platform for digital, point-of-need lending and payments.

17 March 2020

Company update/regulation

Al Ansari Exchange partners Pelican on AI-based financial crime compliance

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, today announced its strategic partnership with Pelican, a global company that has pioneered the practical application of AI technology to enhance, streamline and secure the payment cycle and ensure financial crime compliance.

16 March 2020

News/identity

RBC rolls out digital ID verification for account opening

The Royal Bank of Canada (RBC) is using AI and NFC technology to let clients digitally verify their identities when their open accounts in branch.

16 March 2020

Research/Artificial intelligence

The Irish Banking Ecosystem, Interconnection and the Speed of Change

16 March 2020 413 downloads

Company update/ai

AI InsurTech Akura8 scoops EUR8 million investment

AI insurance pricing solution Akur8 has raised €8m in its Series A round from BlackFin Capital Partners and MTech Capital, bringing Akur8’s total funding to €10 million following initial investment and incubation from Kamet Ventures in 2018.

12 March 2020