Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Mastercard builds chatbots for banks and merchants; teams with Fit Pay

Mastercard is joining the Facebook Messenger gold rush, developing artificial intelligence chatbots for banks and merchants that allow customers to transact, manage finances, and shop via the platform.

25 October 2016

News/Artificial intelligence

Bank of America to roll out AI chatbot

Bank of America has unveiled Erica, an AI chatbot that will be available to answer queries and help the bank's million of mobile app users make smarter spending and saving decisions.

25 October 2016

Company update/Artificial intelligence

UBS to use AI platform to resolve IT issues

Arago, a pioneer in artificial intelligence (AI) and leader in intelligent IT automation based in Frankfurt and New York City, announced today to partner with UBS AG (“UBS”), the world's largest wealth manager providing financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland.

20 October 2016

Company update/Artificial intelligence

Neurensic releases AI-powered trading surveillance platform

Neurensic, a regtech artificial intelligence (AI) startup headquartered in Chicago, today announced the release of its new SCORE surveillance platform.

19 October 2016

News/Artificial intelligence

Citi Ventures invests in Feedzai

Citi Ventures has made an undisclosed 'multi-million pound' investment in AI-based fraud detection company Feedzai.

19 October 2016

News/Artificial intelligence

Thinking Capital launches AI-powered chatbot

Thinking Capital, a Canadian online lender for small businesses has launched an artificial intelligence chatbot that can help users qualify for financing on Facebook Messenger.

18 October 2016

News/Artificial intelligence

Tieto appoints bot to leadership team

Sandinavian tech firm Tieto has appointed an artificical intelligence agent to the leadership team of a new data-driven business unit, giving the bot the opportunity to participate in team meetings and cast a vote on business direction.

18 October 2016

News/Artificial intelligence

The bank of the future will be invisible - KPMG

By 2030, technology will have made banks and banking invisible to customers, hidden by Siri-like personal assistants that cull data from our connected lives to fulfil daily personal and financial obligations, claims KPMG.

18 October 2016

News/Artificial intelligence

RegTech startup ComplyAdvantage raises $8.2m

ComplyAdvantage, a London-based regtech startup which uses artificial intelligence and machine learning to help firms meet AML and terrorst financing rules, has raised $8.2 million in a Series A funding round led by Balderton Capital.

13 October 2016

News/Artificial intelligence

BNP Paribas uses fitness bands and AI to measure employee stress levels

Hundreds of BNP Paribas employees have taken part in a pilot that saw them wear Microsoft Band 2s that gathered biometric data to measure their stress levels.

13 October 2016

News/Artificial intelligence

Banking in the age of AI

Julia Krauwer, artificial intelligence expert at ABN Amro, discusses how advances in machine learning are increasingly being applied to an array of business-to-consumer interactions, including banking.

10 October 2016

News/Artificial intelligence

SEB AI agent Amelia to take a bow with customers

SEB is to roll out a new artificial intelligence agent named Amelia as part of its customer support team.

06 October 2016

News/Artificial intelligence

IBM to acquire Promontory; create AI-driven compliance subsidiary

IBM is to acquire risk management and regulatory compliance consulting firm Promontory Capital and create a new subsidiary, Watson Financial Services, in which it will use artificial intelligence technology to keep pace with the rapidly changing financial reporting landscape.

29 September 2016

Company update/Artificial intelligence

Banks see strong potential for AI in payments - Finextra Research

Pelican, a leading provider of solutions to the financial services sector, today released the findings of its global survey ‘Leveraging artificial intelligence for payments efficiency’, which explores the attitudes of senior payment professionals within banks and corporates towards the use of artificial intelligence (AI) in supporting the payments business and related processes.

26 September 2016

Company update/Artificial intelligence

EWise ships financial data API

eWise, leading provider of financial data aggregation and money management solutions, has launched its new financial transaction Categorisation-as-a-Service API (CaaS) for Financial Institutions and Fintechs.

26 September 2016

Company update/Artificial intelligence

Almax puts AI to work on information overload in capital markets

Almax Analytics, a software platform delivering actionable insights, announced today they have emerged from stealth (development) with a customer ready product for the Financial Markets.

22 September 2016

News/Artificial intelligence

Wealth management firms to embrace tech and see off fintech insurgents - report

Wealth management firms are falling short of client expectations when it comes to their use of technology, but established players in the field are likely to respond well to the digital revolution and will not be displaced by fintech insurgents, new research from Roubini ThoughtLab suggests.

21 September 2016

Company update/Artificial intelligence

Canadian AI-powered online wealth management platform goes live

On Wednesday September 21st, Responsive Capital Management, an online wealth manager powered by artificial intelligence (AI) technology, will offer consumers access to technology typically only within reach of the wealthy.

21 September 2016

Company update/Artificial intelligence

Yandex browser uses AI to secure online banking

Yandex, a leading mobile and internet search provider, has introduced a new, enhanced protection against data theft for Yandex Browser users.

15 September 2016

Company update/Artificial intelligence

Habito unleashes Digital Mortgage Adviser

UK tech startup, habito, has launched the world’s first artificially intelligent Digital Mortgage Adviser (DMA) allowing millions of consumers to discuss their mortgage needs from any connected device, 24/7, without requiring a human broker.

12 September 2016