Artificial intelligence

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Crédit Mutuel to deploy IBM Watson across business lines

/Artificial intelligence

Crédit Mutuel to deploy IBM Watson across business lines

French bank Crédit Mutuel is doubling down on its use of IBM's Watson platform, committing to use the AI technology across all its business lines.

Mitek buys AI and image analysis firm A2iA

/Artificial intelligence

Mitek buys AI and image analysis firm A2iA

San Diego-based digital identity and verification firm Mitek Systems has bought French AI and image analysis specialist A2iA for EUR42.5 million in cash and shares.

Live: Temenos Community Forum (TCF), Dublin, day two

/Artificial intelligence

Live: Temenos Community Forum (TCF), Dublin, day two

It's the second day of Temenos' annual conference on the banks of the River Liffey in Dublin. Stay tuned for more on the latest in banking transformation and digital disruption, not to mention the Innovation Jam final.

/Artificial intelligence

Ant Financial provides tech for China Everbright Bank transformation programme

Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with China Everbright Bank Co., Ltd (“China Everbright Bank”) and Everbright Technology Co., Ltd. (“Everbright Technology”), a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank’s digital transformation.

/Artificial intelligence

Risk and compliance staff expect big benefits from AI and DLT

Building on its commitment to help connect and empower the global financial and corporate communities by providing actionable insights and proprietary solutions that add greater value, Thomson Reuters recently commissioned Celent to conduct independent market research on integrated Governance, Risk and Compliance (GRC).

/Artificial intelligence

Instantor Insight uses machine learning to assess credit risks

Today Instantor, the Swedish fintech company making financial decisions easy, announces Insight.

/Artificial intelligence

Basware launches virtual assistant for procurement

Basware, the global leader in networked source-to-pay solutions, e-invoicing and innovative financing services, has launched Basware Assistant, a new chatbot feature within its electronic procurement solution today at IOFM’s AP & P2P Conference & Expo – Spring 2018.

Digital banking transformation creating new systemic risks

/Artificial intelligence

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

/Artificial intelligence

BofA begins full scale rollout of AI chatbot

Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients.

/Artificial intelligence

AI-enhanced personal asistant Keya makes debut at Kotak Mahindra

Nuance Communications, Inc. today announced Kotak Mahindra Bank has launched Keya, the first AI-powered virtual assistant in Indian banking. Leveraging Nuance’s Natural Language Understanding and Call Steering technologies, Keya is able to understand customers’ requests without needing legacy touchtone or menu options.

/Artificial intelligence

Temenos embeds AI-based fraud protection within core banking package

Temenos (SIX:TEMN), the banking software company, today expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud.

NextGen Banking London - live blog

/Artificial intelligence

NextGen Banking London - live blog

Welcome to Finextra's live coverage of NextGen Banking London. The event promises to explore what the AI revolution means for banks - and what financial institutions need to do to benefit from AI, and ensure their customers do so as well.

/Artificial intelligence

Thomson Reuters harnesses machine learning to screen unstructured data

Thomson Reuters has enhanced its World-Check One platform with the launch of Media Check, a unique media screening and processing feature powered by artificial intelligence (AI) that helps address the regulatory and reputational consequences of overlooking key data in the fight against financial crime.

IT implications and the need to pivot

/Artificial intelligence

IT implications and the need to pivot

Eleni Coldrey, Business Development Director, Europe, Equinix, talks about how well positioned financial services are to deliver their services digitally and through mobile technology, what challenges Open Banking and the sharing of data through API networks creates, and what issues institutions looking go digital face in terms of scale and cost.

Irish bank caught in social media spying storm

/Artificial intelligence

Irish bank caught in social media spying storm

Allied Irish Bank (AIB) has been accused of spying on its customers after it emerged that it monitors mortgage holders' social media accounts

/Artificial intelligence

FinTech Scotland recruits Deloitte for expansion plan

The body representing Scotland’s thriving financial technology community, Fintech Scotland, has today announced it has entered a key strategic partnership with business advisory firm Deloitte.

/Artificial intelligence

Credorax launches innovation lab to take on transaction fraud

Credorax, a leading technology company turned licensed European bank, today unveiled the Credorax Innovation Lab. Designed to solve online payment issues faced by merchants, the Innovation Lab works with partners to develop solutions which utilise the power of AI, data science, payment fraud prevention techniques and technologies.

/Artificial intelligence

Ascent Technologies names Spencer Allee VP, AI

Ascent Technologies, a leading regulatory technology (regtech) company, announced that Spencer Allee has joined the leadership team as Vice President of Artificial Intelligence (AI).

MAS looks to strengthen Singapore's AI ecosystem

/Artificial intelligence

MAS looks to strengthen Singapore's AI ecosystem

The Monetary Authority of Singapore is stepping up its efforts to accelerate the adoption of artificial intelligence in the financial services sector, teaming up with a trio of organisations to foster a "thriving AI ecosystem".

/Artificial intelligence

Speech: SEC's Bauguess on the role of machine readability in an AI world

Thank you, Dan [Knight] for the kind introduction. It is a pleasure to speak today at the 2018 Financial Information Management Conference.

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