Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

UOB adopts machine learning tools to combat financial crime

United Overseas Bank is to apply machine learning technology from local RegTech startup and accelerator graduate Tookitaki across its entire anti-money laundering framework following a successful six-month pilot trial.

24 August 2018

News/Artificial intelligence

AI creating big winners in finance, but risks emerge

Artificial intelligence is changing the finance industry, with some early big movers already monetising their investments in back-office AI applications. But as this trend widens, new systemic and security risks may be introduced in the financial system, warns a new report from the World Economic Forum and Deloitte.

24 August 2018

Company update/Artificial intelligence

KeyBank to apply AI tech from Mastercard to make more informed authorisation decisions

Mastercard and KeyBank today announced that the bank will now use Mastercard Decision Intelligence™, a security solution that uses artificial intelligence (AI) to make more informed authorization decisions.

23 August 2018

News/Artificial intelligence

OCBC launches robo investment service

Singapore's OCBC Bank has launched a robo investment service using technology from local startup WeInvest.

23 August 2018

News/Artificial intelligence

Infinox Capital introduces free AI-powered sentiment analysis tool

Online trading platform Infinox Capital is offering users free access to an AI-powered sentiment analysis tool it claims successfully predicted sterling's sharp drop at the beginning of August.

23 August 2018

News/Artificial intelligence

Barclays recruits Goldman computer scientist as head of markets innovation

Barclays has hired Justin Brickwood, formerly head of electronic trading engineering at Goldman Sachs, to fulfill a new role as head of markets innovation, promoting the adoption of advanced AI and machine learning techniques within the bank's trading business.

22 August 2018

News/Artificial intelligence

Thomson Reuters and Singapore fintech group join to fight cybercrime

The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country's fintech industry and strengthen its fight against cybercrime.

21 August 2018

News/Artificial intelligence

BoE exec warns of AI job threat

The chief economist of the Bank of England (BoE) has warned that the rise of artificial intelligence could leave large groups of people "technologically unemployed" unless there was a skills revolution.

21 August 2018

News/Artificial intelligence

Have the wheels come off the robo-advisory market?

Has the wealth management industry hit peak robo? That's the question being asked by Global Data following the restructuring of Hedgeable, the first actively managed robo-advisor, just short of it's tenth anniversary.

16 August 2018

Company update/Artificial intelligence

Bud picks up prize in rental recognition challenge

“Generation Rent” has become shorthand for young people unable to get on the housing ladder due to rising house prices, high rental costs and thin credit files, something the UK government is looking to tackle with the Rental recognition Challenge: A prize for entrepreneurs looking to solve this problem.

15 August 2018

Company update/Artificial intelligence

Canadian credit unions trial Amazon Alexa service

Canada’s first-ever authenticated voice banking service using Amazon Alexa, launches from creator Central 1 today. Central 1 clients – Innovation Credit Union and Conexus Credit Union – are piloting the technology that allows customers to use their voice to command actions for their bank accounts, as if Amazon Alexa were a customer service representative.

14 August 2018

Finextra TV/Artificial intelligence

KYC, AML & Transparency for Crypto-Currencies & ICOs

Conor Coughlan, Global Head of Marketing, Fenergo, discusses the challenges facing institutions, issuers, exchanges, & investors in determining viability & suitability, for investing in crypto-currencies, ICOs and derived offerings so that this new asset class can mature, open up to institutional investors and play a more value adding role in the global economy.

14 August 2018

Company update/Artificial intelligence

Raiz selects Versive AI to protect customer data

Versive, Inc., an award-winning AI-based cybersecurity company, today announced that Raiz Invest Limited (Raiz), a mobile first micro-investment platform based in Australia, is using the Versive Security Engine (VSE) to help protect sensitive customer data and comply with financial regulations.

10 August 2018

News/Artificial intelligence

Finextra goes mobile first

Welcome to the new-look Finextra, optimised for mobile and rebuilt to drive deeper engagement with our growing global community.

10 August 2018

News/Artificial intelligence

BMO Harris teams up with fintech programme participants

Chicago-based BMO Harris Bank has begun working with two local fintech startups that it met through a mentorship programme.

09 August 2018

Company update/Artificial intelligence

Eze Software adopts Trade Informatics trading engine

Eze Software, a global provider of investment technology, has expanded its best execution offering with Trade Informatics’ (TI) Strategic & Tactical Analytic Research & Trading tool (START), a broker neutral automated intelligent trading engine.

08 August 2018

Company update/Artificial intelligence

Banco de Credito e Inversiones picks QuantaVerse for Miami branch

QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced it has signed a three-year agreement with the Banco de Credito e Inversiones (Bci) for its United States Branch.

07 August 2018

Company update/Artificial intelligence

Feedzai introduces automated machine learning to fight fraud

Feedzai announced today that it is bringing AutoML to the fraud space, an industry first. By automating tasks such as feature engineering and machine learning model creation, data scientists are now able to create fraud prevention solutions as much as 50 times faster than is possible with the traditional data science workflow.

07 August 2018

Company update/Artificial intelligence

Mindtree taps AI to help banks boost compliance

Mindtree, a global technology services and digital transformation company, guiding its clients to achieve faster business outcomes, is using artificial intelligence and machine learning technology to help banks improve their ability to detect financial crimes and enhance reconciliation management.

07 August 2018

Finextra TV/Artificial intelligence

Growth hacking: Accelerating growth among FinTechs & RegTechs

Mark Murphy, CEO, Fenergo, talks about how the relationship between fintechs, regtechs, banks and asset managers has changed, why we are seeing more collaboration within the industry, and how innovative firms are driving change for their customers.

07 August 2018