Artificial intelligence

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/wholesale

Kyriba expands AI suite

Kyriba, a global innovator in liquidity performance, today announced new AI features within its platform designed to improve cash forecasting, bank connectivity-as-a-service and custom report generation.

/startups

Isle of Man announces participants in fintech challenge

The Isle of Man Government today reveals the cohort of 16 international organisations that will take part in the Island’s biggest ever Innovation Challenge.

JPMorgan's Dimon stresses 'critical' impact of AI

/cloud

JPMorgan's Dimon stresses 'critical' impact of AI

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon has singled out the "critical impact" of AI and the "essential" importance of migration to the cloud.

/startups

Auditoria.AI introduces domain-specific small language model for finance, accounting and procurement

Auditoria.AI, the pioneer in automated, AI-powered intelligent applications for finance, today announced the latest updates to its ERP-centric cognitive automation platform featuring an industry-first domain-specific small language model (SLM), advanced human-in-the-loop technologies, and multiple options for large language model usage.

/security

Nice Actimize taps AI for fraud management platform

Nice Actimize, a Nice business (Nasdaq: NICE), today announced the availability of IFM 11 (Integrated Fraud Management), a new release of its market leading, AI-driven fraud management and detection platform.

Google Cloud wins major FS deals

/cloud

Google Cloud wins major FS deals

Google Cloud has used its annual Las Vegas event to unveil details of deals with big name financial services firms Citadel, Discover and Scotiabank.

/cloud

Silvr taps Google Cloud for AI-powered SME financing

Google Cloud and Silvr, a French startup specialising in short-term financing for SMEs, today announce a technological partnership, leveraging AI to facilitate entrepreneurs' solvency calculation and access to financing.

/regulation

Oracle launches AI-powered cloud service to help banks mitigate AML risks

With $5.05 trillion expected to be laundered this year alone, banks are struggling to keep up with the cost and complexity of compliance.

/regulation

SymphonyAI launches sanctions tech

SymphonyAI, a leading provider of predictive and generative enterprise AI SaaS solutions, today announced SensaAI for Sanctions, a platform-agnostic “AI upgrade” for any sanctions solution.

/retail

GFT taps Google for GenAI assistant

Projections show that the global AI adoption rate could grow as much as 40% between 2023 and 2030.

/wholesale

Linedata acquires French AI startup

Linedata (Euronext Paris: LIN), a global provider of asset management and credit technology, data, and services, today announces the acquisition of DreamQuark, a renowned French startup specializing in the development of artificial intelligence (AI) platforms and services for the financial services sector.

Fintech funding slides to 7-year low

/startups

Fintech funding slides to 7-year low

Global funding in the fintech sector has fallen to its lowest level since 2017, according to newly published research.

/cloud

Mphasis and AWS launch Gen AI Foundry for financial services

Mphasis, (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced a multi-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS).

/regulation

Wolters Kluwer launches AI-powered regtech service

Wolters Kluwer Compliance Solutions has launched OneSumX® Reg Manager to help U.S. community banks and credit unions enhance their regulatory change management efforts.

/security

CaixaBank explores use of AI to tackle cyber threats

CaixaBank will be part of two European consortia to prevent cyberthreats and provide a faster and more secure response in the face of potential incidents.

/people

Provenir name Christopher Brown senior sales exec, Middle East, Africa, and Turkey

Provenir, a leading global provider of AI-powered risk decisioning software, today announced Christopher Brown's appointment as Senior Sales Executive for the Middle East, Africa, and Turkey (MEA&T) region.

/cloud

Zand Bank subscribes to Infosys Finacle corporate banking suite

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY) and Zand Bank (Zand), UAE’s first digital-only bank, today announced the bank’s decision to subscribe to the Infosys Finacle Solutions suite to power its corporate banking services.

/wholesale

Iceberg Data Lab secures $10m in funding

Iceberg Data Lab (“IDL”), a leading provider of climate and biodiversity data solutions for financial institutions, today announces the first close of its Series A at US$10m (GBP £8m).

/retail

First Abu Dhabi Bank and Microsoft team up for AI innovation hub

First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the UAE’s largest bank and the global technology leader to cooperate on the launch of an ‘AI Innovation Hub’ for financial services.

US and UK sign agreement to regulate AI models

/regulation

US and UK sign agreement to regulate AI models

The governments of the UK and US have signed what they claim is the first international bilateral agreement to regulate the risks of artificial intelligence (AI) models.

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