Artificial intelligence

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/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.

/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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

/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.

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BlackRock re-positions stock picking business for high-tech future

BlackRock is positioning its equity investment platform for the future of active management – leveraging its unique scale and breadth of capabilities to drive sustainable alpha.

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Nordea prepares for the robot future with virtual employees

The robots are coming, so says Nordea, which has already 'hired' a host of 'virtual employees' to take on repetitive tasks and is planning to introduce smarter, AI-based colleagues in the near future.

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Bankers look to AI for more 'human' customer experience

In the next stage of artificial intelligence adoption, banks will use AI to help understand the intentions and emotions of customers and enable better interactions, according to a new report from Accenture (ACN).

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Salesforce announces Financial Services Cloud Einstein

Salesforce (CRM), the world's #1 CRM company and Intelligent Customer Success Platform, today announced Financial Services Cloud Einstein.

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Tradeshift adds AI layer to B2B commerce platform

Tradeshift, the world’s largest business commerce platform, today announced the release of Tradeshift Ada, the world’s first smart interface for B2B commerce that offers new automation capabilities to help users accelerate how they buy, pay and collaborate.

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SIX and IBM to build Watson-powered cyber-security hub

Swiss Financial infrastructure operator SIX is to use the cognitive computing ability of IBM Watson to build a new cyber-security hub to help banks comply with Swiss privacy laws and regulations.

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Thirty percent of UK jobs at risk from robotic automation - PwC

UK economic growth held up better than expected in the six months following the Brexit vote, but this began to ease in early 2017 as inflation has risen, squeezing household spending power.

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Citi Ventures leads $11 million round in AI-based personal finance advocate Clarity Money

Personal finance app Clarity Money has raised a further $11 million in venture capital financing in a Series B round led by RRE Ventures and Citi Ventures.