Artificial intelligence

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/Artificial intelligence

TD Bank opts for Microsoft Azure

TD Bank Group (NYSE: TD) and Microsoft (NASDAQ: MSFT) today announced a strategic relationship in which TD will use Microsoft Azure as the cloud foundation to provide its technology and design teams with tools designed for secure, agile and flexible access to data and AI resources.

/Artificial intelligence

Banking functions through AI: The next user interface.

Adam Cheyer, Co-Founder & VP Engineering, Viv & Siri, speaks at The Temenos Community Forum 2019 in The Hague about how banks are embedding AI solutions into their organisations, the business functions behind this, how AI technology has changed the way banks interact with their customers and how can commercialise through AI.

/Artificial intelligence

The State of Fintech

Megan Caywood, Global Head of Digital Strategy, Barclays, speaks about the state of play in fintech, how banks should work with fintechs, whether they can provide the best services by mimicking neobanks and by using the trendiest technology available, how they can best help fintechs post sandbox stage and whether European banks should follow the Asia Model.

/Artificial intelligence

The opportunities of Cloud-Native and Cloud-Agnostic

Tony Coleman, Cloud Technology Director, Temenos & Bob Walmsley, CEO, NuoDB, speak at The Temenos Community Forum 2019 in The Hague about Cloud-Native and Cloud-Agnostic, the opportunities it creates for organisations, how the pace of innovation within the banking industry is a driving huge change and where Temenos' partnership with NuoDB fits it.

/startups

Credit Kudos raises £2.2 million

Challenger credit bureau Credit Kudos has raised £2.2m in a funding round led by Ascension Ventures.

/Artificial intelligence

Business models meeting the demands of digital

Derek Corcoran, Chief Experience Officer, Temenos, speaks at The Temenos Community Forum 2019 in The Hague about digital trends in front office business functions, how financial institutions are responding to the demands of consumers and what business models are best suited to meet these demands.

/ai

Accuity introduces AI-powered financial crime compliance screening

Accuity, the leading provider of financial crime compliance, payments, and Know Your Customer (KYC) solutions, has announced its AI-driven account screening capability, ‘Firco Automated Alert Reduction’, which increases the level of accuracy in detecting and evaluating screening matches during the KYC process.

/ai

Jumio promotes Robert Prigge to president

Jumio, the leading AI-powered trusted identity as a service provider, today announced the promotion of Robert Prigge to president.

/ai

MX unveils AI-driven financial wellness tool

MX, the leading provider of financial data services, today announced MoneyMap with Pulse – a completely self-guided financial wellness tool that banks and credit unions can use to empower their customers to become financially strong.

/regulation

Ascent RegTech names Arbela Takhsh COO

Ascent RegTech announced today the expansion of its executive team with the hiring of Arbela Takhsh as Chief Operating Officer.

/ai

Mastercard joins Series A funding round for Singaporean AI startup Aida

AIDA Technologies, the AI and predictive analytics provider, today announces that Mastercard, Kuok Ventures and SGInnovate have invested in the company in a Series A funding round.

/Artificial intelligence

WeLab becomes first homegrown player to get Hong Kong virtual banking license

Mobile lender WeLab has become the fourth - and first homegrown - applicant to be granted one of Hong Kong's new virtual banking licenses.

/ai

AI-powered insurance startup Lemonade scoops $300m for European expansion

US startup Lemonade has closed a Series D funding round led by SoftBank, raising $300 million to fuel its AI-powered insurance platform's global expansion.

/ai

Tens of millions of jobs on the line as banks pile into AI

The global business value of the deployment of artificial intelligence in financial services is projected to reach $300 billion by 2030, according to a study by IHS Markit, leading to the loss of tens of millions of jobs

/Artificial intelligence

Banks don't drive Innovation; Innovation drives Banks.

Drew Graham, Fintech Entrepreneur, speaks at Money20/20 ASIA in Singapore about initiatives that have been born from the Silicon Valley, whether they have truly morphed into initiative change, how good the banking sector is at keeping up with pace set by fintechs and whether they need to commercialise new ecosystems.

/Artificial intelligence

The business gains and strategy benefits of Google Cloud

Adrian Poole, Head of Financial Services, Google Cloud Platform, speaks at Money20/20 ASIA in Singapore, about how banks’ use of using cloud technology has changed over recent years, what the main impact of cloud technology is on the banking sector, the benefits of banks working with Google and how these relationships will evolve.

/Artificial intelligence

Innovating incumbent banks from within

Rick Striano, MD Digital Product develoment, Deutsche Bank, speaks at Money20/20 ASIA in Singapore about whether incumbent banks are less agile than challenger banks in deploying new technologies, how to drive innovation in a large bank, the emergence of sophisticated ecosystems and what we can expect from incumbents in the future.

/ai

NetGuardians to conduct AI research project with Swiss University

NetGuardians, the award-winning Swiss FinTech, has joined forces with the School of Engineering and Management (HEIG-VD) of the University of Applied Sciences and Arts, Western Switzerland (HES-SO) on a project that will further improve NetGuardians’ machine learning and artificial-intelligence software for financial fraud detection and prevention.

/inclusion

Visa backs Branch for mobile-based lending in developing markets

Branch International, a San Francisco-based startup that uses mobile phones to offer loans to people without bank accounts in developing countries, has closed a $170 million Series C funding round led by Foundation Capital and Visa, which is also backing the firm through a strategic partnership.

/ai

Use of machine learning now pervasive across financial services industry

Refinitiv announced today new research findings that confirm the use of machine learning is pervasive across the financial community and is critical to its success in the future.