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

Banks must get on AI bandwagon now – new Finextra research

Big data, faster processing and cheap storage make it possible to turn the vision of AI in banking, developed over decades, into reality – today. The technology will only improve, and not engaging now would be to run the risk of falling behind never to catch up, finds a new Finextra research paper.

19 May 2017

News/Artificial intelligence

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app.

18 May 2017

Company update/Artificial intelligence

Ageas to use AI for claims handling

Ageas is set to be the first UK insurer to use Artificial Intelligence (AI) technology across its award-winning motor claims management, working in partnership with Tractable, the AI technology specialists.

18 May 2017

Company update/Artificial intelligence

Misys adds AI to trade monitoring software

Misys has stepped up to the artificial intelligence (AI) plate, today unveiling Misys FusionCapital Detect.

15 May 2017

News/Artificial intelligence

UBank unveils RoboChat for home loan applications

Digital only Australian bank UBank is rolling out a virtual assistant to help potential home buyers and refinancers complete their online home loan applications.

15 May 2017

News/Artificial intelligence

RBS gives AI a helping hand with 'hybrid bots'

The Royal Bank of Scotland is rolling out a customer service "hybrid bot" from vendor LivePerson that hands over to a human colleague if questions flummox its artificial intelligence.

04 May 2017

Company update/Artificial intelligence

Exiger acquires OutsideIQ

Exiger, the global regulatory, financial crime, risk and compliance company, announced today that it has acquired OutsideIQ, the company that developed the groundbreaking cognitive computing and intelligent search platform DDIQ.

27 April 2017

Company update/Artificial intelligence

Infosys rolls out big data robot Nia

Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge.

27 April 2017

Company update/Artificial intelligence

Dovetail and IBM form Watson partnership

Dovetail, the provider of best-in-class payments and liquidity management solutions, today announced a global strategic partnership with IBM to offer Dovetail payment solutions in combination with IBM’s Watson Financial Services products.

21 April 2017

News/Artificial intelligence

Crédit Mutuel rolls out IBM Watson across branch network

Crédit Mutuel is giving 20,000 branch employees assistance in the form of IBM's Watson platform, which will help analyse customer emails and provide information on products and services.

21 April 2017

Company update/Artificial intelligence

Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world's largest insurance company.

20 April 2017

Company update/Artificial intelligence

Nice Actimize taps consortium data for fraud analytics optimisation tool

Nice Actimize, a Nice (Nasdaq:NICE) business and the industry's largest and broadest provider of a single financial crime, risk, and compliance software platform for the financial services industry has introduced ActimizeWatch, a cloud-based, fraud analytics optimization solution that uses consortium data to detect fraud-related attacks before they spread from one financial services organization to another.

19 April 2017

News/Artificial intelligence

Bank of England accelerator to tackle Big Data and privacy in distributed ledgers

The Bank of England is inviting applications for its latest accelerator project with an emphasis on conducting proofs of concept around machine learning and privacy in distributed ledgers.

19 April 2017

Company update/Artificial intelligence

Pegasystems launches AI-powered bot

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, today launched Pega® Intelligent Virtual Assistant, an artificial intelligence (AI) powered bot that easily turns applications into smart assistants on any channel – from SMS and email to Facebook, Alexa, Slack, and more.

18 April 2017

Company update/Artificial intelligence

Encompass and ComplyAdvantage use AI for AML service

Combining Artificial Intelligence and traditional data sources will be key to combatting money laundering says Encompass Corporation and ComplyAdvantage who have today announced their partnership during Innovate Finance’s Global Summit 2017 being held at Livery Hall in London.

11 April 2017

Company update/Artificial intelligence

Mastercard welcomes latest Start Path program members

Today, Mastercard welcomed five new startups to its Start Path Global program – the company’s global initiative to support innovative later-stage startups who are reshaping the future of commerce.

10 April 2017

News/Artificial intelligence

Former Uber Italy CEO launches social savings app

Oval Money, a social savings app that combines machine learning with crowdsourced tips, has come out of closed beta in the UK.

05 April 2017

News/Artificial intelligence

OCBC Bank launches Emma, the mortgage chatbot

With more than 20,000 conversations logged since its launch in January, OCBC Bank is lauding the success of its specialised home and renovation loan chatbot service, Emma.

05 April 2017

Company update/Artificial intelligence

Samsung packs everything but the kitchen sink into Galaxy S8

Samsung Electronics Co., Ltd. introduces the Galaxy S8 and S8+ to the world, a smartphone that pushes the boundaries of traditional smartphones with its seamless hardware design and a variety of new service offerings.

30 March 2017

Company update/Artificial intelligence

AI and IoT dominate insurtech startup funding

Artificial intelligence (AI) and the internet of things (IoT) now account for almost half of total investment in insurance technology (insurtech) startups globally, new research from Accenture (ACN) shows.

30 March 2017