Latest Artificial intelligence News: Finextra Research

Standardised data reporting is the lynchpin for future of sustainable finance

In a recent survey by State Street Global Advisors, 52% of European investors cited regulation as the key driver toward ESG adoption. Yet, despite attempts to introduce regulatory requirements, a lack of standardisation in reporting obligations is proving a significant challenge towards achieving meaningful progress.

26 November 2019

News/regulation

Regtech Tookitaki raises $19.2m

Singapore-based, AI-powered regtech startup Tookitaki has topped up its Series A funding round to a total of US$19.2 million.

25 November 2019

News/ai

RBC backs university programme on ethics in AI and data analytics

Royal Bank of Canada (RBC) is joining forces with Western University on a programme exploring the ethical and social aspects of data analysis and AI.

22 November 2019

Company update/ai

Automation Anywhere scoops $290 million in funding

Automation Anywhere, a global leader in Robotic Process Automation (RPA), announced that it has received $290 million in Series B funding at a post money valuation of $6.8 billion.

22 November 2019

News/Artificial intelligence

BNY Mellon saving hundreds of hours a year processing emails with AI

Hans Brown, BNY Mellon's global head of innovation, tells Finextra that the bank's operations team has applied AI to the relatively mundane task of reading e-mails and auto-forwarding them to the relative department.

22 November 2019

Company update/ai

Scotiabank donates $1.25 million to support AI research at University of Alberta

Scotiabank announced a donation of $1.25 million to the University of Alberta this morning, to fund the Scotiabank Artificial Intelligence Research Initiative in the Department of Computing Science.

20 November 2019

Company update/regulation

Quantexa adds data from Dunn & Bardstreet to financial crime platform

Dun & Bradstreet and Quantexa have announced a new partnership that aims to empower businesses to make better, context driven decisions using innovative data and analytics to provide a detailed picture of connected relationships.

20 November 2019

Company update/regulation

Snoop wins regulatory approval from FCA

Fintech start-up, Snoop has taken a giant leap forward in its ambition to help make everyone better off by being approved by the Financial Conduct Authority (FCA) as a Registered Account Information Service Provider (RAISP).

19 November 2019

News/ai

Scotiabank to train execs on AI ethics

Canada's Scotiabank is introducing a programme to give senior employees a grasp of the ethical principles involved in using AI.

19 November 2019

Company update/ai

Indata releases Architect AI Data Analytics

Indata, a leading industry provider of software, technology and managed services for buy-side firms, today announced the release of Architect AI Data Analytics, a SaaS (software-as-a-service) solution that provides investment managers with the ability to more easily aggregate data in order to provide enterprise-wide business intelligence reporting.

18 November 2019

Finextra TV/Artificial intelligence

Bank of America: Applying AI front and back of house

Gaurav Khanna, Head of Mobile Strategy & Digital Initiatives, Bank of America, speaks at Money 20/20 USA about emerging technologies and the application to clients to enhance their experience, where AI fits into this and the importance of leveraging AI at the back end as well.

18 November 2019

News/ai

SMBC taps into Toronto AI scene through Mars partnership

Sumitomo Mitsui Banking Corporation (SMBC) is looking to gain access to Toronto's AI expertise through a partnership with the Canadian city's Mars fintech cluster.

18 November 2019

Research/Artificial intelligence

How European Retail Banks are Riding the Wave of New Technology

18 November 2019 747 downloads

Company update/ai

UOB Asset Management and Value3 Advisory to launch AI-enabled credit rating platform

UOB Asset Management Ltd (UOBAM) and Value3 Advisory Pte. Ltd. (Value3)1, a financial technology (FinTech) start-up, today announced their collaboration to launch an artificial intelligence (AI)-enabled credit rating, research and reporting service in ASEAN.

15 November 2019

Company update/ai

DBS taps Exiger for AI-based financial crime fighting package

To fend off the evolving risks of financial crime, DBS Bank has partnered with Exiger, the global leader in tech-enabled financial crime, risk and compliance solutions, to implement an artificial intelligence (AI) powered due diligence solution to streamline and further bolster the bank’s screening processes.

15 November 2019

Company update/ai

UOB adds AI insights to mobile app

United Overseas Bank (UOB) has launched Mighty Insights, an industry first artificial intelligence (AI)-based digital banking service to make it simpler and smarter for its customers to manage their finances.

15 November 2019

News/Artificial intelligence

Westpac wants your next bank manager to be a robot

Westpac CEO Brian Hartzer says the bank wants to recreate the personal touch of the old-time bank manager by using artificial intelligence technology to pander to each customer's particular needs.

15 November 2019

Company update/ai

NCino boosts bank operating system with A

NCino, the worldwide leader in cloud banking, today announced it has expanded its Bank Operating System with nCino IQ (nIQ). nIQ uses artificial intelligence (AI) and machine learning to increase efficiency through automation and provides insights through analytics to improve the overall customer experience by helping financial institutions make faster and more informed decisions and become more predictive and proactive.

14 November 2019

News/regulation

Standard Chartered invests in regtech startup Silent Eight

Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight.

14 November 2019

Company update/ai

BNY Mellon joins Singapore's ethical AI alliance

BNY Mellon, a global leader in investment management and investment services, announced that it has joined with other financial industry market participants to create a framework for financial institutions to promote the responsible adoption of artificial intelligence and data analytics (AIDA).

14 November 2019