Latest Artificial intelligence News: Finextra Research

SMBC to use Exiger AI tool for Emea AML compliance

Exiger, the leader in technology-enabled regulatory, financial crime, risk and compliance solutions, announced today its agreement with global financial institution Sumitomo Mitsui Banking Corporation Europe Ltd (SMBC) to leverage Exiger's artificial intelligence (AI)-powered KYC onboarding technology, DDIQ, to drive enhanced and sustainable regulatory compliance.

20 August 2019

Company update/regulation

Emirates NBD taps SAP for data-driven decision making

Emirates NBD, a leading bank in the Middle East, has partnered with SAP, a market leader in enterprise software, to become the first bank globally to implement SAP Financial Services Data Platform. It is powered by SAP in-memory data platform, SAP HANA and can now deliver customer intelligence across all Emirates NBD Group market segments, entities and countries.

19 August 2019

News/ai

Dissecting AI hype and FOMO

While artificial intelligence is transforming several industries, the financial sector has a lot to learn from specific case studies in non-banking areas such as health, travel and retail. To start at the beginning, despite the term AI having been bandied about with a number of different definitions, the actual definition is simple: technology that appears intelligent.

19 August 2019

News/ai

The Future of AI: Applications for banking business transformation

While artificial intelligence has established itself as a disruptive technology for decades, AI is at the peak of the hype cycle now and banks have started to apply this technology to transform traditional models of businesses.

16 August 2019

Finextra TV/Artificial intelligence

Combating APP Fraud with Behavioural Analytics and Explainable AI

After taking home EBA Day's Fintech Zone Price, Bleckwen's CEO, David Christie tells Hannah Wallace of Finextra what winning 'best in show' means to the startup. He introduces the thought behind their AI based, fraud detection and presentation software, what APP fraud is and how can AI help combat this, how behavioural analytics is used to detect APP fraud and why we need Explainable AI.

16 August 2019

Research/Artificial intelligence

The Future of AI: Applications for banking business transformation

16 August 2019 858 downloads

Company update/ai

Rimilia opens Toronto AI hub

Rimilia, a global leader in financial relationship management solutions that transform how businesses optimise their end-to- end customer financial relationships, today announces the opening of a new regional technical hub in Toronto, Canada.

15 August 2019

Company update/ai

Calypso partners with 2021.AI to bring artifical intelligence to the back office

Calypso Technology Inc. and 2021.AI are joining forces in a new partnership with the aim of optimizing back-office processes for Calypso’s global client base.

14 August 2019

News/Artificial intelligence

Northern Trust applies machine learning to securities lending

Northern Trust has developed a pricing engine for securities lending that utilises machine learning and advanced statistical techniques to forecast lending rates for 34 global markets.

14 August 2019

News/Artificial intelligence

Singularity Studio and PICC FS forge AI and blockchain pact

PICC Financial Services, the wholly-owned fintech arm of People’s Insurance Company of China, and Singularity Studio have signed an MoU to open a new accelerator in Beijing to promote the development of AI and blockchain-based services for the insurance market.

14 August 2019

Company update/ai

Ficanex and Ada team on AI-powered chatbot for Canadian FIs

Ficanex and Ada today announced the release of tunl.chatTM, an AI-powered chatbot that provides more than 175 financial institutions across Canada with another channel to support approximately 8 million customers.

13 August 2019

Company update/security

Exiger acquires Convergent Solutions; hires former FBI forensic accounting lead

Exiger, the global leader in technology-enabled regulatory, financial crime, risk and compliance solutions, announced the acquisition of Convergent Solutions Inc., a leading business specializing in the delivery of intelligence analysis, cybersecurity and national security solutions to the Federal Government.

08 August 2019

Company update/Artificial intelligence

Civic Wallet to use Onfido everification kit

Onfido, the award-winning global identity verification platform, today announced a partnership with Civic, the premier blockchain identity and payment solution provider, to power the company’s Civic Wallet, which will be available this fall.

08 August 2019

News/Artificial intelligence

Raiffeisen Bank International invests in Regtech startup kompany

Raiffeisen Bank International has joined a funding round in business verification and KYC RegTech kompany.

07 August 2019

Company update/ai

IDnow goes international with AutoIdent

IDnow, a leading provider of solutions in ‘identity verification as a service’, boasts more than 250 customers. Among them are such widely recognised companies as N26, Commerzbank and UBS.

07 August 2019

News/Artificial intelligence

Standard Chartered opens innovation lab in Shanghai

Standard Chartered has opened its latest innovation lab and fintech incubator in Shanghai, in a bid to tap into the country's vibrant tech ecosystem and expertise in AI and Big Data.

07 August 2019

Company update/ai

DataRobot AI investment workflow tool arrives on FactSet

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, and DataRobot, the leader in enterprise AI, today announced the launch of DataRobot’s first AI investment workflow, DataRobot on FactSet.

06 August 2019

Company update/ai

Stratifyd receives $10 million in debt financing from CIBC

CIBC Innovation Banking has entered into a $10-million debt-financing round with customer analytics company Stratifyd, which will use the funds to help facilitate future growth.

06 August 2019

Finextra TV/Artificial intelligence

A game changer for generating code in a digital age

John Wise, CEO, Co-Founder and Chairman of InvestCloud talks Finextra through the genesis of InvestCloud, the role and evolution of Programmes Writing Programmes (PWP) and simplified intelligence in generating code, the importance of 'Digital Empathy' in a digital age and how Cloud has shaken up the market in the last decade.

06 August 2019

News/Artificial intelligence

CBA revamps mobile app

Commonwealth Bank of Australia has used a combination of machine learning technology, deep data analytics and behavioural science to upgrade its banking app to offer greater personalisation, tailored specifically to the individual needs of each customer.

31 July 2019