Latest Artificial intelligence News: Finextra Research

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

Finextra TV/Artificial intelligence

Bringing together the vision of connected commerce

Gerrard Schmid, President and Chief Executive Officer Diebold Nixdorf, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about how banks need to support their customers through multi-channels as a result of digitisation, what is driving mobile banking, where the potential is for retail banks, and whether cash is really becoming extinct.

17 October 2018

Company update/ai

SocGen to use Addventa AI for portfolio commentary

Societe Generale Securities Services (SGSS) and Addventa announces a partnership to launch a service for automated drafting of portfolio management commentaries based on artificial intelligence solutions.

17 October 2018

Finextra TV/Artificial intelligence

Data and the future success of banks

Andy Schmidt, VP & Global Head of Retail Banking, CGI, talks about the importance of data for banks, whether banks are managing data in the right way, and whats steps they can take to better utilise the data.

16 October 2018

Finextra TV/Artificial intelligence

Digitising Banking and The Future of CLM

Niall Twomey, Chief Technology Officer, Fenergo, talks about the type of innovations and technologies Fenergo's R&D team are working on, what financial institutions want and expect from their technology stack, and what role Fenergo's CTO forum plays in advancing Fenergo's vision.

16 October 2018

Company update/ai

Allianz Artificial Intelligence Fund passes EUR1bn AUM bar

The Allianz Global Artificial Intelligence equity fund has passed the EUR 1bn bar in assets under management, reflecting both retail and institutional investors’ strong interest in this strategy.

15 October 2018

News/Artificial intelligence

Top digital banking heads to convene at Finextra NextGen Banking Nordics

A strong line-up of C-Suite digital banking heads and innovators from across the Scandinavian fintech scene will gather in Stockholm next month to debate the future of financial services at Finextra's annual NextGen Banking Nordics summit.

12 October 2018

Company update/Artificial intelligence

ING opens AI bond trading algorithm to the buy side

ING is continuing to improve decision-making in bond trading.

11 October 2018

Company update/payments

Microsoft to make strategic investment in Grab

Microsoft Corp. and Grab, the leading on-demand transportation, mobile payments and online-to-offline services platform in Southeast Asia, announced a strategic partnership that will transform the delivery of digital services and mobility in the region by leveraging Microsoft’s world-class expertise in machine learning and other artificial intelligence (AI) capabilities.

09 October 2018

Finextra TV/Artificial intelligence

Introducing The Australian Open Banking Initiative

Jerry Norton, Vice President and Global Head of Banking for CGI, talks about how the Australian Open Banking Initiative is coming into effect in July 2019 and what this means, whether there are any differences in the way Australia is applying open Banking to what is happening in Europe and the UK, and what Australian banks should be doing now to assure success.

09 October 2018

Finextra TV/Artificial intelligence

The silver bullet solution to payments system testing

Anthony Walton, CEO, Iliad, talks about the key findings from their recent research paper on the topic of payments testing approaches taken by UK banks, what part automation plays in payments system testing and to what extent banks will adopt this approach in the future.

09 October 2018

News/Artificial intelligence

Deutsche Bank's AI stockpicker cuts through corporate greenwash

Data scientists at Deutsche Bank have developed an artificial intelligence tool that cuts through the flannel padding out the Environmental Social and Governance reports of most companies to analyse non-financial news and quantify the stock impact.

05 October 2018