Artificial intelligence

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Ireland launches €5m fintech project amid drop in VC funding

/Artificial intelligence

Ireland launches €5m fintech project amid drop in VC funding

The Irish government has continued its bid to develop the country as a European fintech hub with the launch of a five year, €5m fintech research and development project.

/Artificial intelligence

Insurtech funding reaches new high, says WTW report

A total of 71 InsurTech funding transactions during the second quarter of 2018 marks a record high; however, the total of $579 million invested is down 20% against the prior quarter, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company, (NASDAQ:WLTW).

/Artificial intelligence

Synechron hires head of digital

Synechron, the global financial services consulting and technology services provider, has today announced that Sébastien Glineur has joined as Head of its digital practice in Paris.

/Artificial intelligence

KPMG acquires a minority stake in fintech startup AdviceRobo

KPMG acquires a minority stake in AdviceRobo, a Dutch fintech startup developing technology that predicts financial risk of people and companies taking out loans. To predict risk, the company applies artificial intelligence(AI) on non-financial data including the behavior of potential borrowers.

/Artificial intelligence

Sberbank launches 'Seven Minute' project for large corporate loans

Sberbank has implemented the Seven Minutes project, a unique online loan for large businesses, which has no alternatives.

/Artificial intelligence

Fico Workbench gets AI toolkit

Leading analytics firm FICO today announced the latest version of FICO Analytics Workbench, a cloud-based advanced analytics development environment that empowers business users and data scientists with sophisticated, yet easy-to-use, data exploration, visual data wrangling, decision strategy design and machine learning.

/Artificial intelligence

Thomson Reuters partners with Squirro to amalgamate company info with CRM

Thomson Reuters has partnered with augmented intelligence solution provider Squirro to provide an AI-driven solution that leverages the power of today’s customer relationship management (CRM) platforms to deliver a complete, current overview of each client, boosting engagement and facilitating deal idea generation for the banking industry.

/Artificial intelligence

Treasuries underestimating the importance of API - Deutsche Bank

Are treasuries underestimating the importance of robotics and open interfaces (APIs)?

/Artificial intelligence

Barclays selects ten startups for 2018 New York accelerator class

Barclays is pleased to announce the ten companies that will participate in the 2018 New York Barclays Accelerator, powered by Techstars – an intensive program for Financial Technology (FinTech) startups designed to help businesses accelerate their strategy and deliver breakthrough innovations.

/Artificial intelligence

Hang Seng enhances chatbot capabilities

To further enhance the digital experience for retail customers, Hang Seng Bank is upgrading and expanding the capabilities of its artificial intelligence (AI) chatbot, HARO.

OCBC trials tech from fintech challenge graduates

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OCBC trials tech from fintech challenge graduates

OCBC Bank is running pilot trials of technology from two fintech startups that use machine learning tools to sift through trading data in search of suspicious activity.

Building trust with advance authentication technology

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Building trust with advance authentication technology

Miguel Braojos, VP Global Sales IAM, HID Global, talks about building trust with advance authentication technology, how banks can go beyond simple compliance and how customer trust can be built through innovation.

/Artificial intelligence

BNY Mellon names Roman Regelman as head of digital

BNY Mellon has appointed Roman Regelman to a new role as Senior Executive Vice President and Head of Digital, effective September 17, 2018.

/Artificial intelligence

Volopa picks Onfido for KYC onboarding

Leading identity verification provider Onfido and payments and foreign exchange fintech Volopa today announce that they have partnered to deliver secure and scalable KYC capabilities.

OakNorth nabs $100 million to accelerate tech supplier ambitions

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OakNorth nabs $100 million to accelerate tech supplier ambitions

UK challenger bank OakNorth has raised $100 million in funding, valuing the the three-year old startup at $2.3 billion and providing fresh capital to grow its lending business and ramp up sales of its proprietary Acorn Machines AI technology.

UK's Tech Nation picks 20 fintech programme members

/Artificial intelligence

UK's Tech Nation picks 20 fintech programme members

The UK government-backed Tech Nation has picked 20 early-stage startups to join its new fintech programme, promising to give them intensive backing to help grow their businesses and the country's financial technology ecosystem.

P2P Community Engagement for KYC, Client On Boarding and CLM professionals

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P2P Community Engagement for KYC, Client On Boarding and CLM professionals

Laura Glynn, Director of Global Regulatory Compliance, Fenergo, talks about Fenergo's Regulatory Forum, how its Regulatory Rules Engine helps financial institutions to manage and future-proof their compliance obligations, and what financial institutions look for in a compliance solution

/Artificial intelligence

Hitachi Capital partners with Jaywing to improve application credit scores through AI

Credit risk analytics expert, Jaywing today announces a new partnership with Hitachi Capital Consumer Finance.

JP Morgan hires senior AI exec

/Artificial intelligence

JP Morgan hires senior AI exec

US bank JP Morgan has hired a former Google executive as its new head of artificial intelligence (AI) and machine learning (ML).

SoftBank to invest $100m in Chinese insurtech JV

/Artificial intelligence

SoftBank to invest $100m in Chinese insurtech JV

Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.

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