Latest Artificial intelligence News: Finextra Research

Company update/ai

UOB Asset Management and Value3 Advisory to launch AI-enabled credit rating platform

UOB Asset Management Ltd (UOBAM) and Value3 Advisory Pte. Ltd. (Value3)1, a financial technology (FinTech) start-up, today announced their collaboration to launch an artificial intelligence (AI)-enabled credit rating, research and reporting service in ASEAN.

15 November 2019

Company update/ai

DBS taps Exiger for AI-based financial crime fighting package

To fend off the evolving risks of financial crime, DBS Bank has partnered with Exiger, the global leader in tech-enabled financial crime, risk and compliance solutions, to implement an artificial intelligence (AI) powered due diligence solution to streamline and further bolster the bank’s screening processes.

15 November 2019

Company update/ai

UOB adds AI insights to mobile app

United Overseas Bank (UOB) has launched Mighty Insights, an industry first artificial intelligence (AI)-based digital banking service to make it simpler and smarter for its customers to manage their finances.

15 November 2019

News/Artificial intelligence

Westpac wants your next bank manager to be a robot

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.

15 November 2019

Company update/ai

NCino boosts bank operating system with A

NCino, the worldwide leader in cloud banking, today announced it has expanded its Bank Operating System with nCino IQ (nIQ). nIQ uses artificial intelligence (AI) and machine learning to increase efficiency through automation and provides insights through analytics to improve the overall customer experience by helping financial institutions make faster and more informed decisions and become more predictive and proactive.

14 November 2019

News/regulation

Standard Chartered invests in regtech startup Silent Eight

Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight.

14 November 2019

Company update/ai

BNY Mellon joins Singapore's ethical AI alliance

BNY Mellon, a global leader in investment management and investment services, announced that it has joined with other financial industry market participants to create a framework for financial institutions to promote the responsible adoption of artificial intelligence and data analytics (AIDA).

14 November 2019

News/Artificial intelligence

The CIO’s blueprint for streamlining digital business agreements

80% of financial institutions will become irrelevant by 2030 due to their inability to compete with digitally-savvy rivals, according to research by Gartner.

13 November 2019

Company update/regulation

Standard Chartered adds Quantexa to financial crime ecosystem

Standard Chartered has partnered with Quantexa, the contextual decision intelligence software company, to amplify its anti-financial crime efforts globally.

13 November 2019

Company update/ai

Italian Banking Association opens AI hub

In an effort to share knowledge and experience from across the banking sector, ABI Lab, the banking research and innovation centre promoted by the Italian Banking Association (ABI), has created a new Centre of Expertise on Artificial Intelligence, the Artificial Intelligence Hub (AI Hub).

13 November 2019

Company update/ai

UK FI workers say AI can transform sector

More than two-thirds (67%) of UK Financial Services (FS) workers believe that artificial intelligence (AI) has the potential to transform many FS practices, according to new research from content services firm Nuxeo out today.

12 November 2019

News/Artificial intelligence

Gendered credit scoring increases women's chance of credit acceptance

Following news of the probe into Apple Card’s credit worthiness algorithm after sexism claims, University of Edinburgh Business School reveals that including gender in credit scoring models improves women’s chances of being granted credit.

12 November 2019

Company update/Artificial intelligence

HKMA forges blockchain pact with People's Bank of China; works on CBDC exchange with Thailand

The HKMA used Hong Kong Fintech Week to highlight a series of initiatives aimed to foster the fintech ecosystem in Hong Kong.

12 November 2019

News/retail

HSBC claims hyper-personalised banking will be driven by digital ID

A new report from HSBC reveals that the traditional products-based approach in retail banking will be replaced by hyper-personalised services, where customer personal data will be collated to form a central digital ID.

12 November 2019

News/ai

BBVA uses AI to boost digital sales

Using artificial intelligence to tailor campaigns has helped Spanish bank BBVA achieve up to a nine-times increase in digital sales.

12 November 2019

News/Artificial intelligence

JPMorgan invests in financial research startup Limeglass

JPMorgan has taken an undisclosed stake in another of its In-Residence startup graduates, Limeglass, which filters financial research documents for consumption by distinct industry users.

11 November 2019

News/regulation

ING joins $19.3m funding round for regtech Ascent

Dutch banking giant ING has joined a $19.3 million Series B funding round for American AI-based regtech Ascent.

08 November 2019

Company update/ai

Sberbank presents Russia's fastest supercomputer

Sberbank and SberCloud have unveiled Russia’s fastest supercomputer, the Christofari, named after Nikolai Christofari, the first customer of the nation’s first savings bank.

08 November 2019

Finextra TV/Artificial intelligence

Business solutions from the intersection of AI and Cloud

Scott Johnson, VP Head of Product, Western Union Business Solutions, speaks at Money 20/20 USA about the intersection of AI and Cloud, the benefits to the banks business solutions, where blockchain is being successfully implemented and the risks that banks need to consider around security today and in future.

08 November 2019

Company update/ai

Nasdaq uses AI for surveillance patterns

Nasdaq, Inc. today announced the successful go-live of artificial intelligence for surveillance patterns on The Nasdaq Stock Market, the world’s largest stock exchange by volume traded.

07 November 2019