Latest Artificial intelligence News: Finextra Research

Addressing the Consolidation, Regulatory and Technology Challenges

Didier Bouillard, CEO of Calypso Technology discusses at Sibos 2018 in Sydney the challenges that financial institutions are currently facing, how Calypso technology is solving these issues, and how the markets will evolve in the future.

25 October 2018

News/security

NAB and Microsoft test facial recognition for ATM withdrawals

National Australia Bank has teamed up with Microsoft on a proof-of-concept that taps AI to let customers make ATM withdrawals using facial recognition and a PIN.

24 October 2018

Company update/Artificial intelligence

OakNorth rebrands

OakNorth Holdings Ltd today announces the launch of a new corporate brand identity, logo and website. Its fintech platform, ACORN machine, will now be known as OakNorth Analytical Intelligence (ON AI) and we have a new domain (www.oaknorth.ai).

23 October 2018

Company update/security

Feedzai Genome sequences the DNA of financial fraud

Feedzai announced its newest product innovation, Feedzai Genome. Fraud investigators and analysts can now find and visualize complex financial crime patterns using link analysis graph technology, powered by Feedzai’s underlying advanced AI.

23 October 2018

Company update/ai

Temenos ramps up AI efforts

Temenos (SIX: TEMN), the banking software company, today announced during the Machine Learning Panel at Sibos that it is increasing the development of Artificial Intelligence capabilities throughout its digital banking platform.

23 October 2018

Company update/ai

Finn AI raises C$14m

Finn AI today announced it has completed a $14 Million (USD $11 Million) Series A financing round.

22 October 2018

Company update/regulation

Hummingbird raises $3m for AML platform

Hummingbird, the modern platform for anti-money laundering (AML), announced that it has raised $3 million in a funding round led by Homebrew, with investments from Omidyar Network, TTV Capital, and Designer Fund. Hummingbird brings agility, intelligence, and breadth to the AML practice for banks, payments companies, and other financial institutions.

22 October 2018

Company update/ai

Synechron launches AI data science accelerators for FS firms

Synechron, Inc., the global financial services consulting and technology services provider, has today announced the launch of its AI Data Science Accelerators for Financial Services, Banking and Insurance (BFSI) firms.

22 October 2018

News/Artificial intelligence

Money 20/20 Day One: GDPR, AI and the art of conversation

Banking innovators and fintech disruptors have once again descended upon the Las Vegas Strip for another jam-packed Money20/20 US event, a four-day jamboree exploring the revolution of money in all its forms.

22 October 2018

Research/Artificial intelligence

AI - The Road to Transformation

22 October 2018 132 downloads

Finextra TV/Artificial intelligence

Banks taking a more agile development approach

Rachid Molinary, Senior Vice President of Digital Strategy and Innovation Banco Popular der Puerto Rico, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about what banks should do to when taking a more agile development approach, how ATMs are coming both contactless and pinless, and how using the customer journey will improve the customer experience.

20 October 2018

Company update/startups

Investment funds tech startup FundGuard secures $4 million in seed funding

FundGuard, a cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, today announced its launch and $4 million in funding led by venture firms Blumberg Capital and LionBird.

19 October 2018

News/ai

IBM and banks back data project to fight human trafficking

Western Union, Barclays and Lloyds Banking Group are backing a new project that uses IBM's Watson technology to tap into financial data to help track and combat human trafficking.

19 October 2018

News/Artificial intelligence

Commerzbank applies machine learning to trade finance compliance

Commerzbank is to apply machine learning technology from Amsterdam-based Conpend to automate pre-compliance checks for traditionally paper-based trade finance transactions.

19 October 2018

News/Artificial intelligence

UOB builds network of 'eLabs' to drive design of pan-regional Digital Bank

United Overseas Bank is to set up a network of regional 'Engagement Labs' to mine customer transaction data and deliver new products and services for the forthcoming launch of its 'Digital Bank' across Asia.

19 October 2018

News/regulation

Global regulatory alignment needed to benefit from tech advances - Deutsche Bank

The potential of open APIs, cloud, blockchain and AI to transform the financial services sector will only be realised if regulators keep up and accept the "new realities" created by emerging technologies, argues a new Deutsche Bank white paper.

19 October 2018

Company update/regulation

SEC launches strategic hub for innovation and fintech

The U.S. Securities and Exchange Commission today announced the launch of the agency's Strategic Hub for Innovation and Financial Technology (FinHub).

18 October 2018

Company update/ai

Socure and Alloy help Radius Bank slash online fraud

Socure and Alloy today officially announced a partnership that enables financial institutions to make real-time digital identity verification decisions with unprecedented speed and accuracy for onboarding new customers.

18 October 2018

Company update/ai

KAS Bank launches KASHedge for pension scheme currency hedging

KAS BANK, the specialist provider of securities services to the UK pension industry, is harnessing the latest in fintech to deliver a step change in how pension schemes manage and implement fund specific currency hedging strategies, with the launch of KASHedge.

18 October 2018

Company update/ai

Accenture buys TargetST8 Consulting

Accenture (NYSE: ACN) has acquired TargetST8 Consulting, a privately held financial services consulting firm specializing in corporate and commercial lending, with offices in New York. Terms of the transaction were not disclosed.

17 October 2018