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

350 jobs to go as Deutsche Bourse allocates investment in new tech

Deutsche Bourse plans to spend EUR270 million on blockchain, big data analytics, cloud computing, as well as robotics and artificial intelligence, as part of a 2020 roadmap that will see 350 jobs cut to increase scope for new tech investments.

30 May 2018

Company update/Artificial intelligence

Big data firm QuantCube raises $5 million

QuantCube Technology, an AI start-up and provider of macroeconomic and financial predictive analytics based on alternative data, announced today that it has completed a Series A funding round of $5 million from Moody’s Corporation and Five Capital, the investment fund sponsored by CDC International Capital (Caisse des Dépôts Group) and Kingdom Holding Company.

30 May 2018

News/Artificial intelligence

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board.

30 May 2018

Finextra TV/Artificial intelligence

Who pays the true cost of financial crime?

Che Sidanius, Global Head of Financial Regulatory & Industry Affairs, Thomson Reuters discusses the critical challenges around Financial crime in 2018 so far, how these challenges have impacted governments, companies and individuals, and what they are doing to address the problem.

29 May 2018

Company update/Artificial intelligence

BMO Private bank showcases AI expertise

Bank of Montreal (BMO), a Canadian financial services leader for more than 200 years, hosted Artificial Intelligence (AI) and tech professionals from Canada and Hong Kong to unveil innovative AI technology and applications.

29 May 2018

News/Artificial intelligence

European payments chiefs to gather in Munich for EBAday2018

A host of board directors, chief financial officers and payments and technology heads from Europe's leading banks have confirmed their participation in the conference programme for the thirteenth annual EBAday, taking place this year in Munich between the 12th and 13th June.

25 May 2018

News/Artificial intelligence

Crédit Mutuel to deploy IBM Watson across business lines

French bank Crédit Mutuel is doubling down on its use of IBM's Watson platform, committing to use the AI technology across all its business lines.

25 May 2018

News/Artificial intelligence

Mitek buys AI and image analysis firm A2iA

San Diego-based digital identity and verification firm Mitek Systems has bought French AI and image analysis specialist A2iA for EUR42.5 million in cash and shares.

24 May 2018

News/Artificial intelligence

Live: Temenos Community Forum (TCF), Dublin, day two

It's the second day of Temenos' annual conference on the banks of the River Liffey in Dublin. Stay tuned for more on the latest in banking transformation and digital disruption, not to mention the Innovation Jam final.

24 May 2018

Company update/Artificial intelligence

Ant Financial provides tech for China Everbright Bank transformation programme

Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with China Everbright Bank Co., Ltd (“China Everbright Bank”) and Everbright Technology Co., Ltd. (“Everbright Technology”), a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank’s digital transformation.

23 May 2018

Company update/Artificial intelligence

Risk and compliance staff expect big benefits from AI and DLT

Building on its commitment to help connect and empower the global financial and corporate communities by providing actionable insights and proprietary solutions that add greater value, Thomson Reuters recently commissioned Celent to conduct independent market research on integrated Governance, Risk and Compliance (GRC).

22 May 2018

Company update/Artificial intelligence

Instantor Insight uses machine learning to assess credit risks

Today Instantor, the Swedish fintech company making financial decisions easy, announces Insight.

22 May 2018

Company update/Artificial intelligence

Basware launches virtual assistant for procurement

Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has launched Basware Assistant, a new chatbot feature within its electronic procurement solution today at IOFM’s AP & P2P Conference & Expo – Spring 2018.

21 May 2018

News/Artificial intelligence

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

21 May 2018

Company update/Artificial intelligence

BofA begins full scale rollout of AI chatbot

Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients.

18 May 2018

Company update/Artificial intelligence

AI-enhanced personal asistant Keya makes debut at Kotak Mahindra

Nuance Communications, Inc. today announced Kotak Mahindra Bank has launched Keya, the first AI-powered virtual assistant in Indian banking. Leveraging Nuance’s Natural Language Understanding and Call Steering technologies, Keya is able to understand customers’ requests without needing legacy touchtone or menu options.

17 May 2018

Company update/Artificial intelligence

Temenos embeds AI-based fraud protection within core banking package

Temenos (SIX:TEMN), the banking software company, today expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud.

17 May 2018

News/Artificial intelligence

NextGen Banking London - live blog

Welcome to Finextra's live coverage of NextGen Banking London. The event promises to explore what the AI revolution means for banks - and what financial institutions need to do to benefit from AI, and ensure their customers do so as well.

17 May 2018

Company update/Artificial intelligence

Thomson Reuters harnesses machine learning to screen unstructured data

Thomson Reuters has enhanced its World-Check One platform with the launch of Media Check, a unique media screening and processing feature powered by artificial intelligence (AI) that helps address the regulatory and reputational consequences of overlooking key data in the fight against financial crime.

15 May 2018

Finextra TV/Artificial intelligence

IT implications and the need to pivot

Eleni Coldrey, Business Development Director, Europe, Equinix, talks about how well positioned financial services are to deliver their services digitally and through mobile technology, what challenges Open Banking and the sharing of data through API networks creates, and what issues institutions looking go digital face in terms of scale and cost.

14 May 2018