Artificial intelligence

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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.

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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.

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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.

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Irish bank caught in social media spying storm

Allied Irish Bank (AIB) has been accused of spying on its customers after it emerged that it monitors mortgage holders' social media accounts

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FinTech Scotland recruits Deloitte for expansion plan

The body representing Scotland’s thriving financial technology community, Fintech Scotland, has today announced it has entered a key strategic partnership with business advisory firm Deloitte.

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Credorax launches innovation lab to take on transaction fraud

Credorax, a leading technology company turned licensed European bank, today unveiled the Credorax Innovation Lab. Designed to solve online payment issues faced by merchants, the Innovation Lab works with partners to develop solutions which utilise the power of AI, data science, payment fraud prevention techniques and technologies.

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Ascent Technologies names Spencer Allee VP, AI

Ascent Technologies, a leading regulatory technology (regtech) company, announced that Spencer Allee has joined the leadership team as Vice President of Artificial Intelligence (AI).

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MAS looks to strengthen Singapore's AI ecosystem

The Monetary Authority of Singapore is stepping up its efforts to accelerate the adoption of artificial intelligence in the financial services sector, teaming up with a trio of organisations to foster a "thriving AI ecosystem".

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Speech: SEC's Bauguess on the role of machine readability in an AI world

Thank you, Dan [Knight] for the kind introduction. It is a pleasure to speak today at the 2018 Financial Information Management Conference.

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Pegasystems taps AI for client onboarding

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, today introduced new artificial intelligence (AI) capabilities in the latest version of Pega® Know Your Customer (KYC) and Pega® Client Lifecycle Management (CLM) applications.

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New Squirro app brings artificial intelligence to institutional asset management

Squirro, the AI driven context intelligence and insights solution provider, has announced the launch of a new application that brings the power of artificial intelligence (AI), machine learning and predictive analytics to institutional asset management.

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Baidu to offload majority stake in financial services unit

Chinese internet search giant Baidu is to divest a majority equity stake in its financial services unit to a group of venture capital investors, raising $1.9 billion.

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Digital wealth management startup Exo brings AI-powered investing to the masses

Digital wealth management startup Exo Investing is launching in the UK, promising to give private investors access to the sophisticated AI-powered technology that until now has been the preserve of institutional and ultra high net worth clients.

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More data management by the buy-side

Marion Leslie, Managing Director, Enterprise, Thomson Reuters, talks about the current buy-side trends from an enterprise data perspective, how customers describe their needs given these market trends, and what customers can do to adapt and evolve in order to drive future success.

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Mitsubishi to create dedicated AI unit

Mitsubishi UFJ is to consolidate its disparate artificial intelligence development programmes, moving R&D away from distinct business departments to a new AI Studio (M-AIS) within its Japan Digital Design subsidiary.

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Top European banks gather to debate the merits of AI

Finextra has assembled an all-star cast of sponsors and speakers for next month's NextGen Banking London: the AI Revolution event, shedding light on a technology billed by Gartner as the most disruptive to engulf the enterprise over the next ten years.

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Deutsche Bank looks to big data for stock price clues

Deutsche Bank's research unit has unveiled an interactive web tool that uses big data in an effort to quantify the importance of intangibles, such as environmental and social issues, on stock prices.

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Sberbank presents survey on world robot technology market

Sberbank has presented an analytic survey on the world robot technology market. The presentation was held at the Skolkovo Robotics Forum in Skolkovo’s large technopark.

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European Commission lays down plans for AI

Today the European Commission is presenting a series of measures to put artificial intelligence (AI) at the service of Europeans and boost Europe's competitiveness in this field.

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UK Government goes all in on AI

More than 50 leading businesses and organisations have contributed to the development of a £1 billion deal to put the nation at the forefront of the artificial intelligence industry, featuring almost £300 million of new private sector investment.