Latest Artificial intelligence News: Finextra Research

Company update/ai

MDOTM appoints advisory board

MDOTM, the fintech startup that develops AI-driven investment strategies for institutional investors (Banks, Family Offices, Wealth and Asset Management companies), launches its Advisory Board and announces its members: Federico Ghizzoni, Chairman Rothschild Italy and former CEO Unicredit; Alida Carcano, CEO Valeur Asset Management; Marino Valensise, Head of the Multi Asset Group and Chairman of the Strategic Policy Group at Barings; Fabio Troiani, Co-founder and CEO of Bip; Michele Padovani, Cherry Bay Capital Executive Director and Former Director of Innovation Strategy at EY.

11 July 2019

News/ai

Indian startup Recko scores $1m for AI-powered reconciliation

Recko, an Indian startup that enables AI-powered reconciliation of digital transactions, has raised $1 million seed funding from Prime Venture Partners.

11 July 2019

Company update/startups

Silicon Valley Bank and First Data pick latest class for Commerce.Innovated

Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected five startups to participate in Class 9 of Commerce.Innovated., an accelerator program designed to help commerce, payments, and fintech companies grow their businesses.

10 July 2019

Company update/ai

SEB and SAS co-invest in Combient mix to build AI hub for Nordic industries

Backed by their network of Nordic large enterprises, Combient is scaling its leading AI service with SEB and SAS co-investing in the spin-off Combient mix.

10 July 2019

Company update/ai

Finantix components deployed by HSBC private bank

Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, today announced that Finantix Components have been deployed by HSBC Private Banking as it launches a new global client wealth management portal for its clients.

10 July 2019

Company update/ai

Elavon to fight fraud with Brighterion AI

While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging fraud payment schemes online.

09 July 2019

Finextra TV/Artificial intelligence

Open banking and it's link with identity

Franziska Zangl, Head of Business Development, NDGIT, speaks at Money 20/20 about Open Banking, APIs and PSD2, what lies ahead for banks, what we are finding in the other European markets, who is the most active or furthest advanced, and how banks are talking more and more about the connection points between Open Banking and the bigger societal issues of a consumer’s Personal Data and Identity.

09 July 2019

Company update/Artificial intelligence

EBA reports on the impact of fintech on payments business

The European Banking Authority (EBA) published today a thematic Report on the impact of FinTech on payment institutions' (PIs) and electronic money institutions' (EMIs) business models.

09 July 2019

Finextra TV/Artificial intelligence

Building the context to Advanced Authentication

Olivier Thirion de Briel, Global Solution Director FSI, IAM Solutions at HID Global, speaks at EBADay 2019 in Stockholm about the impact of Open Banking on security, whether strong authentication will kill the user experience by becoming required too often, the data HID Global are using and what type of threats it can detect.

04 July 2019

News/ai

Digital receipt player Sensibill raises $31.5m

Sensibill, a Toronto-based AI-powered digital receipt startup targeting freelancers and small business owners, has raised US$31.5 million in a Series B funding round joined by National Bank of Canada.

04 July 2019

Company update/ai

Deutsche Bank Wealth Management selects Finantix for AI-based KYC processing

Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance industries globally, announced that Deutsche Bank Wealth Management has chosen its AI-powered Finantix KYC Solution to help enhance the bank’s client onboarding and know-your-client (KYC) processes.

04 July 2019

Company update/ai

Financial services customers set to embrace AI but human contact still vital

Customers in the UK are embracing the use of AI driven financial services (FS), with 63% happy to use chatbots for everyday queries and over a third preferring an instant response from a chatbot over a delayed one from a human.

03 July 2019

Finextra TV/Artificial intelligence

Artificial Intelligence in the Era of Open Banking

Vincent Brennan, Deputy Chairman, Euro Banking Association and Chair of the Association’s Open Banking Working Group, and Daniel Szmukler, Director, Euro Banking Association, speak at EBADay 2019 in Stockholm about their new report on Artificial Intelligence in the Era of Open Banking, why AI and Open Banking are such a winning combination for the payments industry and how the industry can put into practise collaborative use cases for AI.

01 July 2019

Company update/ai

Manulife Bank debuts virtual assistant

Earlier this month Manulife launched it’s innovative new All-In Banking Package, a multi-product banking package that helps Canadians develop better financial habits and improve their financial wellbeing.

01 July 2019

Finextra TV/Artificial intelligence

Crypto is back in fashion: Is the future of money tokenised?

Tony McLaughlin, Emerging Payments and Business Development, Citi, speaks to Hannah Wallace, Finextra at Money 20/20 Europe about whether the future of money is tokenised, whether there is a global narrative with fintech innovation, where regulation fits in and how banks can successfully move with the times and coexist in harmony together.

27 June 2019

Company update/ai

Kount rolls out 'next generation' AI for detecting payments fraud

Kount, the leading digital fraud prevention company, today announced the next-generation AI-driven solution that changes the way payments fraud prevention is delivered.

27 June 2019

Finextra TV/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.

27 June 2019

News/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.

27 June 2019

News/ai

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.

26 June 2019

Company update/ai

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.

26 June 2019