Artificial intelligence

3230 articles tagged with this keyword

/Artificial intelligence

The relationship between banks' reputation and AI

Nuno Sebastiao, Chairman & CEO at Feedzai, speaks at Money 20/20 Europe about the importance of opening accounts in the banking space, what role AI plays in a banks reputation and how financial crime is having an impact on both society and the banks.

/Artificial intelligence

BBVA sets up 'AI Factory'

BBVA has set up an 'AI Factory', housing over 150 data scientists, engineering and departmental heads to create a global hothouse for smart, data driven technology development.

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AI-based fraud detection startup Bleckwen raises $10m

Bleckwen, a provider of AI-based real-time analytics software for payments fraud detection and prevention, has emerged from stealth with a $10 million funding round led by Ring Capital and TempoCap.

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Xena Exchange improves customer onboarding Sumsub

Xena Exchange, the cryptocurrency exchange built by financial markets professionals, today announced it has partnered with Sumsub to make on-boarding of new businesses and individual customers faster and more secure.

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Personetics brings AI to Salesforce and Microsoft CRM platforms

Personetics, the leading provider of AI-powered personalization and customer advocacy solutions used by the world’s top banks, announced today that its data-driven actionable insights will now be available for bank relationship managers and agents.

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AI-powered financial document analysis outfit Ocrolus raises $24m

Ocrolus, the only automation platform that analyzes financial documents with over 99% accuracy, today announced $24M in Series B funding led by Oak HC/FT, a premier venture growth equity fund with deep fintech expertise.

/Artificial intelligence

Tackling financial crime and the role of digital identity

Marc Corbalan, Product Management, Vocalink, a Mastercard company, speaks at NextGen Banking London about the role AI plays in tackling financial crime, what helps to detect fraud or prevent it, the role of digital identity in tackling crime and how the industry is dealing with the problem collectively.

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Banks prevented $25 billion in fraud using Visa AI

Visa Inc. (NYSE: V) today announced new analysis showing Visa Advanced Authorization (VAA) using artificial intelligence (AI) helped financial institutions prevent an estimated $25 billion in annual fraud—making the global payment ecosystem safer for retailers and consumers.

/Artificial intelligence

Why collaboration is the new innovation and the role of the treasury

Gulru Atak, Global Innovation Lead for Treasury & Trade Solutions at Citi, speaks about the collaboration as the new innovation, the impact of AI and ML on the corporates, how Citi is approaching the new platform business model and how the treasury department help banks through innovation challenges.

/Artificial intelligence

Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

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NatWest introduces selfie-powered current account opening

NatWest customers can now open a current account within minutes on their phones simply by taking a selfie.

/Artificial intelligence

Banks falling behind in digital transformation efforts

Despite investing more than $1trn globally in new technology over the last three years, the majority of banks have yet to see any financial boost from their digital transformation programmes.

/Artificial intelligence

Alipay's AI wealth tech platform adopted by China's asset managers

On June 20, 2019, Ant Fortune, Alipay’s wealth management platform, announced that 80 of all 124 asset management firms in China, or six out of ten, have been using the company’s AI-powered corporate Caifuhao accounts to reach more customers with better customized offers, at a lower cost.

/Artificial intelligence

Nordic banks to cut compliance staff in favour of robots

Two of the Nordics' biggest banks, Nordea and Danske Bank, expect to significantly reduce the number of staff employed in its compliance and financial crime departments and instead turn to robotics and artificial intelligence.

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Jointly developed AI systems can tackle common security issues - report

As movers and shakers from the European payments industry descend on Stockholm for EBAday, a new report from the Euro Banking Association (EBA) suggests that jointly developed AI systems hold great potential for tackling common security issues.

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AI explainability and testing analytics

Mike Dewar, Head of AI/Analytics, Vocalink, a Mastercard Company, speaks at NextGen Banking London about why we need explainability, what it takes to achieve and create explainability, and what kind of responsibility FIs have to make their work transparent.

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Tinkoff introduces Oleg the voice assistant

Russia's Tinkoff has unveiled Oleg, a "polite but also firm" voice assistant who can help customers with everything from transferring money to making restaurant reservations.

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Addressing the regulatory concerns around AI

Monica Monaco, Founder, TrustEU Affairs, speaks at NextGenBanking London about how, as a tool, AI has many benefits in managing vast amounts of data but has the tendency to be bias and discrimatory, how the industry should address this and what the regulatory concerns are.

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Managing AI at a business and enterprise level

Jonathan Orritt, Data Scientist, Santander, speaks at NextGen Banking London about the impact of AI on Financial Services, how to manage AI at an enterprise level and business level, and what some of the ethical concerns we need to consider going forward.

/Artificial intelligence

Introducing Tinkoff's AI Projects

Oliver Hughes, CEO of London-listed Tinkoff Bank, speaks at Money 20/20 about the new developments at Tinkoff, how they are using AI across their business lines, the areas of success they have seen so far and which trends we can expect to see evolve in this space.