Artificial intelligence

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/Artificial intelligence

Gartner bills AI as most disruptive technology to emerge over the next ten years

Global business value derived from artificial intelligence (AI) is projected to total $1.2 trillion in 2018, an increase of 70 percent from 2017, according to Gartner, Inc. AI-derived business value is forecast to reach $3.9 trillion in 2022.

/Artificial intelligence

Tora launches AI-powered 'AlgoWheel' for best execution

TORA, provider of the industry’s most-advanced cloud-based order and execution management system (OEMS), today announced the launch of its AI-powered AlgoWheel, which will help firms create scalable, systematic best execution processes.

/Artificial intelligence

Certainty and security with instant payments

Gerhard Bystricky, Head of Product Management Payments Germany, UniCredit Bank AG, talks about the progress of pan-European instant payments since it launched, what some of the practical experiences are what else needs to be done to grow the volumes and value of these payments.

/Artificial intelligence

Sberbank prepares for a robotic future

Sberbank is collaborating with Russian venture capital outfit, Internet Initiative Development Fund, on a programme for accelerating intelligent robotics projects.

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'Fake data' will make banks vulnerable - Accenture

Many banks are not doing enough to verify the validity and accuracy of their data, leaving them vulnerable to false insights that could lead to bad decisions, according to Accenture.

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Banks embrace AI but unclear on how to use it for specific biz challenges

Two thirds of large banks have already deployed artificial intelligence and machine learning, according to a survey carried out by Tabb Group, yet the vast majority are still unaware of how to apply the technology to solve business problems.

/Artificial intelligence

Stripe boosts fraud prevention with Radar 2.0

We launched Radar in 2016 to help protect our users from fraud. We’ve blocked billions of dollars in fraud across the Stripe network for companies of all sizes—from startups like Slice and WeSwap to larger companies like Fitbit and OpenTable.

/Artificial intelligence

Hoocht. adds home insurance to AI-powered services

Cutting-edge digital mortgage adviser Hoocht. has added home insurance to its AI-powered services, becoming the first financial services provider to join forces with insurtech disruptor Homelyfe.

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China Construction Bank puts robots in charge of branch

China Construction Bank has opened a Shanghai branch staffed by robots and packed with facial recognition, artificial intelligence and virtual reality technology.

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BBVA invests $50m in Chinese AI-focused fund

Spanish bank BBVA is pumping $50 million into an artificial intelligence-focused investment fund run by the former president of Google China.

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Metro Bank to introduce AI-powered money management tool

Branch-based challenger Metro bank is stepping up its digital game with the forthcoming launch of an AI-powered money management service, Insights, developed with Personetics.

/Artificial intelligence

Onfido appoints David Clarke as CFO

Onfido, a leading AI-powered identity verification provider, today announces the appointment of David Clarke as Chief Financial Officer to help the company achieve operational excellence as it continues its global expansion.

/Artificial intelligence

Standard Chartered opens Hong Kong innovation lab

Standard Chartered has opened an innovation lab in Hong Kong to tap emerging financial technologies and data science in the region.

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Hong Kong Stock Exchange deploys Nasdaq's Smarts

Nasdaq Inc. (Nasdaq:NDAQ) has announced that Hong Kong Exchanges and Clearing Limited (HKEX) is the first exchange customer in Asia to successfully deploy Nasdaq SMARTS Market Surveillance’s latest machine learning and participant relationship discovery technology across its equity market, enhancing its capabilities to safeguard market integrity, and better protect investors.

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Fortytwo Data appoints Luca Primerano as chief AI officer

Anti-money laundering (AML) and Big Data specialist Fortytwo Data has appointed machine learning expert Luca Primerano as Chief AI Officer.

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House of Lords calls for UK to lead the way on ethical AI

As the use of artificial intelligence (AI) in a host of industries, not least the financial services sector, gains traction, the House of Lords has called for the UK to lead the way in the ethical development and deployment of the technology.

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Changing lanes with innovation

James Maudslay, Senior Manager Solution Marketing, Equinix, talks about some of the practical implications for banks around Open Banking and how well positioned are they in dealing with them, how are banks managing their need to offer innovative digital services to their customers and whether legacy infrastructure is a constraint, and how strategic partnerships and collaboration with others will benefit banks.

/Artificial intelligence

MinerEye introduces AI-powered Data Tracker

MinerEye is launching a new, AI-powered governance and data protection solution, MinerEye Data TrackerTM, that for the first time will enable companies to continuously identify, organize, track and protect vast information assets ─ including undermanaged, unstructured and dark data ─ for safe and compliant cloud migration.

/Artificial intelligence

Competing in an increasingly competitive space

Cédric Derras, Global Head of cash Management, UniCredit, talks about what some of the key initiatives and trends the global payments industry is wrestling with are, how banks are coping with this through greater collaboration with third-parties to manage and compete in an increasingly competitive space, and how this will benefit the banks and their customers in the future.