Artificial intelligence

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/Artificial intelligence

Mizuho Bank employs IBM Watson to fight financial crime

Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara) and IBM Japan, Ltd. (General Manager: Elly Keinan) today announced that Mizuho Bank begun to verify operations towards more advanced and efficient risk management by employing cognitive technology *1 to take measures against financial crimes such as terrorism financing that governments across the world urge financial institutions to regulate more severely.

/Artificial intelligence

Personal finance app Douugh moves into beta

Douugh, a fintech banking challenger founded on an Artificial Intelligence (AI) first approach to enabling financial wellness, is introducing an AI-powered financial platform guided by Sophie - a 24/7 personal assistant for finances.

/Artificial intelligence

Bank of America applies AI to streamline client payment processing

Bank of America has worked with fintech startup High Radius to apply artificial intelligence to corporate processing of accounts receivables.

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TD Ameritrade pairs AI with human support for Facebook Messenger service

US brokerage TD Ameritrade is to provide financial market updates, investor education and client account access to retail investors through Facebook Messenger.

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China Citic and Baidu to rely on AI for joint venture bank

Internet search giant Baidu and China Citic Bank have received regulatory approval to launch a direct banking joint venture offering loans and deposit accounts to Chinese consumers.

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CBA puts Chip CANdroid to work at Sydney Airport

Commonwealth Bank of Australia is putting its experimental humanoid robot Chip to work at Sydney Airport to assist Air New Zealand customers as they check in at the gate prior to boarding.

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DBS to invest SG$20 million to create digital workforce

Singapore's DBS is to invest SG$20 million over five years on a new 'digital curriculum' to educate its 10,000 Singapore employees on disruptive trends and emerging technologies that are reshaping financial services.

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Hyper Anna raises $16 million to address shortage of data scientists with virtual agent

Hyper Anna, a Sydney-based Australian start-up that provides financial services organisations with a virtual data scientist which is available at the touch of a button, has secured a $16 million series A funding round.

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Compliance.ai launches Regulatory Heroes recruitment drive

Compliance.ai announces its search for Regulatory Heroes to assist as "Experts in the Loop" (EITL) for classifying and ranking regulatory documents on its AI-powered financial regulatory platform.

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Zoot and Credit Kudos forge credit scoring alliance

Zoot, a global provider of advanced instant credit decisioning, risk management, loan origination and workflow management solutions, announced today a partnership with Credit Kudos, a technology start-up that uses consumer transaction data to build highly accurate and transparent credit scorecards and affordability metrics.

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The ai Corporation launches payments fraud outsourcing model

The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model.

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PayPal to open innovation labs in India

PayPal is to open two new innovation labs in India to tap into the local talent pool and the country's expertise in AI, data science, virtual reality and the Internet of Things.

/Artificial intelligence

GreenKey awarded speech-to-text patent

GreenKey Technologies, creator of an award-winning, team-based, voice collaboration tool for financial and regulated markets, announced today that the U.S. Patent and Trademark Office has granted the company a second patent for its latest innovation: speech-to-text for the financial markets, incorporating custom processes for language model creation; model training; error correction, and accelerated transcription to allow for fast, accurate transcription of domain-specific conversations and instructions.

/Artificial intelligence

Key drivers raise the bar in retail

Aneet Morar, Head of Partnerships and Ecosystem Development, Lloyds Banking Group, talks at the SAP Financial Services Forum about how key drivers - regulation, technology disruption and new customer expectations - are changing the retail banking landscape, and what banks must do to do keep up as well as protect themselves.

/Artificial intelligence

Nordnet to speed customer onboarding with digital employee Amelia

Nordnet has signed an agreement with IPsoft, the leading digital labor company, to enhance Nordnet’s customer relations using its proprietary artificial intelligence technology.

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Winning formula for the secret sauce

Bhavesh Vaghela, Industry Expert, explains at the SAP Financial Services Forum that customers can expect more tailored services due to banks becoming increasingly digital, handling data more, collaborating and expanding their revenues from open APIs.

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Technology has now been proven…

Craig Ramsay, Global Head of Innovation, Global Liquidity and Cash Management, HSBC, talks about how the regulatory environment needs to keep up with the pace of technology advancements, how banks are now using and seeing the value of technologies such as blockchain, AI and biometrics, and how virtual reality will soon start to have an impact.

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PSD2 causes disruption to the status quo

Stephen Lemon, Co-Founder, VP Business Development, Currencycloud, speaks at the SAP Financial Services Forum about PSD2 in the context of open APIs – comparing the option of simply complying with the option of getting ahead by leveraging APIs for collaboration.

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Oxford University launches online fintech course

Fintech is coming to the hallowed (virtual) halls of Oxford, thanks to an online programme from the university's Saïd Business School.

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USAA pilots conversational AI on Amazon Alexa

Military bank USAA is tapping AI technology from Clinc for a pilot that will let members check their balances and spending patterns by talking to Amazon's Alexa.