Artificial intelligence

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/ai

MEPs push for new consumer protection rules on AI interactions

Parliament calls for a strong set of rights to protect consumers in the context of artificial intelligence and automated decision-making, in a resolution approved on Wednesday.

/ai

Square acquires Toronto-based machine learning company Dessa

We’ve acquired Dessa, a Toronto-based company building machine learning applications that address significant real-world challenges for all types of businesses.

/retail

In-memory computing platform Hazelcast raises $28.5m

Hazelcast, the leading in-memory computing platform that delivers radically fast application performance at scale, today announced the expansion of its Series D round due to over-subscribed interest from global investment entities.

/crypto

Mode to deploy Onfido AI-verification kit

Mode, the UK’s new mobile banking app for everyday investors to buy, store and manage Bitcoin, and Onfido, the global identity verification provider, today announced their partnership, empowering Mode’s mobile application to seamlessly verify and connect UK and European citizens to a thriving Bitcoin market.

/crime

Pelican expands into South Korea

Pelican, a leading provider of payments and financial crime compliance solutions for banks and corporates, today announced that it has expanded its global sales reach by partnering with CMSoft Co., Ltd in South Korea.

Citi Commercial Cards adds virtual agent to call centres

/ai

Citi Commercial Cards adds virtual agent to call centres

Citi Commercial Cards has teamed up with conversational AI firm Interactions to roll out an intelligent virtual agent (IVA) feature to its US call centres.

Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

/ai

Fintech workforce to expand 19% by 2030 thanks to AI, Cambridge University predicts

In a recent report, the Cambridge Centre for Alternative Finance (CCAF) and the World Economic Forum (WEF) found that rather than observing AI as a single instrument for blanket application across the industry, AI can be viewed as a toolkit that is being used to tinker and build services in an abundance of ways to achieve a variety of objectives.

/ai

Yseop introduces natural language processing augmented analyst tool

Yseop, the world-leading AI software company and pioneer in Natural Language Generation (NLG), today announced the launch of Augmented Analyst, a new enterprise-wide NLG automated report generation platform.

/payments

Fexco opens EUR21 million research & development hub

Irish-international fintech company, Fexco has opened a new building in Killorglin, Co Kerry, which will house its own Research Development and Innovation Centre, and RDI Hub – a world-class centre for digital innovation focused on commercialisation of innovation and research backed by Fexco, IT Tralee and Kerry County Council.

ECB runs AI coding marathon to get new insights into supervisory data

/ai

ECB runs AI coding marathon to get new insights into supervisory data

The European Central Bank (ECB) has teamed up with digital innovation outfit Reply to run a 48-hour coding marathon focused on the application of AI and machine learning.

/ai

SafetyPay partners Feedzai to protect customers from fraud with AI

SafetyPay, one of the leading digital alternative payment platforms providing solutions across Latam and Europe, reached an initial 5-year agreement with Feedzai, the market leader in managing financial crime with AI, to offer an extra layer of protection against fraud risk for SafetyPay customers.

/ai

AiX launches natural language AI broker

AiX today announced the launch of the world’s first natural language Artificial Intelligence (AI) broker platform, facilitating automated peer-to-peer trading in institutional over-the-counter (OTC) markets.

Encompass receives £2 million grant for AI project

/ai

Encompass receives £2 million grant for AI project

RegTech Encompass has been awarded a £2 million grant from Scottish Enterprise to develop an artificial intelligence engine to accompany its KYC product offering.

/regulation

Speechmatics and Soho2 apply machine learning to analyse voice data

Speechmatics and Soho2 have today announced their partnership to deliver consulting services to their customers, and a new product offering ‘Speech2’.

Accenture boosts analytics skills with Mudano acquisition

/ai

Accenture boosts analytics skills with Mudano acquisition

Accenture has agreed to buy Mudano, a data consultancy that works with UK financial services firms. Financial terms were not disclosed.

/payments

Rimilia scores $15 million in growth funding

Rimilia, the leading SaaS-based fintech company, today announced it has secured $15 million in growth funding.

Corlytics finalising EUR10 million funding round

/regulation

Corlytics finalising EUR10 million funding round

Dublin-based regulatory planning company Corlytics is expecting to book a EUR10 million cash injection by the end of the first quarter, after recording its most successful year on record.

Key findings from State of Regulatory Reform Report 2020

/regulation

Key findings from State of Regulatory Reform Report 2020

Alexander Robson, Managing Editor, Thomson Reuters Regulatory Intelligence, introduces the 11th edition of the State of Regulatory Reform Report 2020 and highlights what banks, regulators and compliance officers will take away from this year's findings. A strong emphasis is placed on the importance of banks and non-financial institutions culture and how a greater focus on responsibility and accountability will change the way companies and regulators behave globally. We learn about the role of AI in wholesale financial markets compliance in 2020 and how it is helping tackle problems around money laundering and route out false positives.

/ai

Scotiabank gifts $750,000 to University of Ottawa to support AI research

Today, Scotiabank announced a donation of $750,000 to the University of Ottawa to launch the Scotiabank Fund for the AI & Society Initiative.

/security

Cybertonica raises $2 million Series A

Cybertonica, an award-winning platform using Machine Learning and AI for delivering authentication, risk analytics and fraud prevention to the payments and FinTech sectors, has raised £2 million in Series A funding.

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