Artificial intelligence

3153 articles tagged with this keyword

/Artificial intelligence

SmartStream adds AI to managed post-trade suite

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched artificial intelligence (AI) into its existing managed service offering, which covers reconciliations, corporate actions, cash management and reference data.

/ai

Symphony AyasdiAI applies machine learning to AML compliance

Symphony AyasdiAI today announced the launch of Ayasdi AML, an advanced anti-money laundering (AML) solution that significantly boosts efforts to combat fraudulent money laundering schemes.

/cloud

Sibos 2019: Cloud, AI and privacy are the building blocks of a new digital world

How does an organisation decide if cloud and AI is right for them? This question was hotly debated at Sibos 2019 in London and discussions were also had around how IT leaders need to constantly assess the benefits of the cloud and AI in the context of the businesses they serve.

/regulation

AntWorks and EvoluteIQ to automate banks' transition from IBOR to RFR

AntWorks, the global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today announced a global partnership with EvoluteIQ, a London-based intelligent automation company, to automate banks’ transitionary process from Interbank Operating Rate (IBOR) Rates to alternative overnight Risk Free Rates (RFR) like Sterling Over Night Index Average (SONIA) and SOFR (Secured Overnight Financing Rate).

/ai

Feedzai upgrades Case Manager with AI technology

Feedzai has announced the availability of AI-powered Case Manager - a major upgrade that revolutionizes the way analysts and investigators review cases and alerts. By bringing the power of AI into Case Manager, Feedzai boosts the efficiency of financial crime prevention, while simultaneously improving the accuracy of detection.

/ai

Microsoft releases report on FSI's readiness in AI across APAC

Today, Microsoft Asia and IDC Asia/Pacific released findings specific to the Financial Services Industry (FSI) from the study Future Ready Business: Assessing Asia-Pacific’s Growth with AI1, which found that organizations with AI expect to see 41% improvement in competitiveness in three years.

/ai

Temenos releases AI financial crime detection tool

Temenos (SIX: TEMN), the banking software company, today announced the release of the Temenos Peer Group Identifier, an AI-powered financial profiling tool to assist banks in improving their customer experiences by focusing their financial crime detection efforts on the highest risk transactions.

/regulation

Accuity fights compliance false positives with improved screening module

Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, announced new enhancements to its account screening and alert management platform, Firco Screening Insight – for accounts, including new data offerings, improved list management capabilities, and integration with third-party case management solutions.

/Sibos

Intesa Sanpaolo selects Pelican for AI-based sanctions self-learning

Pelican, a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, today announced that leading Italian bank Intesa Sanpaolo, is implementing Pelican's AI-based sanctions self-learning solution, PelicanSecure Sanctions Self-Learning.

/security

Lloyds sets the Rat on fraudsters

Lloyds Bank has rolled out a fraud prevention system, dubbed 'the Rat', that uses behavioural analysis to spot crooks and freeze them out of victims' accounts before they can make off with any money.

/Artificial intelligence

SmartStream launches instant reconciliations using artificial intelligence and machine learning

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launch SmartStream Air, a new revolutionary approach for reconciliations that allows business users to reconcile complex sets of data in seconds.

/ai

Appian delivers Institutional Onboarding

Appian (NASDAQ: APPN) today announced availability of a new solution that accelerates customer and asset onboarding while reducing risk of implementation for treasury management, foreign exchange, and investment firms.

/Artificial intelligence

Oracle showcases 10 fintechs leveraging Cloud and API technology at Sibos

As the financial services landscape continues to evolve and consumer expectations rise, banks must collaborate with fintechs to deliver the best solutions for customers.

/ai

FICO fights real-time payment fraud with new AI product, Falcon X

FICO® Falcon X, announced today at the Finovate conference in New York, delivers groundbreaking AI and machine learning technology aimed at preventing new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments.

/ai

AI fraud detection tool launched by Finastra and NetGuardians

Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees the two companies launching an AI-powered fraud detection solution for financial messaging.

/payments

SmartStream's new AI module uses machine learning for digital payments processing

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new AI module that uses machine learning for continuous digital payments processing - a typical project to maintain and improve the matching rules would take up to two days, it can now be achieved with a simple tick.

/Artificial intelligence

FinextraTV reveals 3-part Sibos 2019 Highlight Series

Join FinextraTV as we reflect on the theme of Sibos, ‘Thriving in a Hyperconnected World’. In a 3-part series, we look at the power of AI, the value of Levering Data and the challenges and opportunities around regulation in Financial services. We set out to capture where Artificial Intelligence is impacting most, the concerns it raises and how the industry can use AI to maximum effect in the future. We ask participants about the importance of developing a data strategy, the problems leveraging data overcomes and the new & improved services it leads to. The final part to our series will look at Regulation and how the banks are adapting to today’s regulatory demands, we question who will be the winners and losers, and whether regulation will be able to keep up with technological advancements and curb the unintended outcomes.

/Artificial intelligence

Bringing AI to the fight for best AML practices

Richard Harris, SVP of International Operations, Feedzai, discusses the costs and complications of meeting compliance demands, machine learning and AI in the battle against money laundering, and how banks are amalgamating data in real time to target AML requirements.

/ai

Finantix appoints business development director in Switzerland

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, has appointed Jérôme Vasamillet to further grow its presence in Switzerland.

/Artificial intelligence

With AI and cloud, legacy systems no longer impede real-time intraday liquidity

The BCBS28 monitoring requirement asks banks to gather, process and report on a significant amount of data on a monthly basis. Finextra spoke to industry experts Richard Morris, product manager, cash and liquidity management at SmartStream; Henrik Lang, head of global liquidity, global transaction services, Bank of America Merrill Lynch and Daniel Moon, a risk consultant with over 10 years of liquidity risk experience about how technology can prevent legacy systems from impeding the progress of real-time intraday liquidity.