Latest Artificial intelligence News: Finextra Research

Royal London applies machine learning tech to mortgage underwriting

Royal London, the UK’s largest mutual life insurer has teamed up with fee free mortgage and protection adviser L&C to develop and test a new life insurance application service called Streamlined Mortgage Protection which uses advanced machine learning algorithms to simplify the underwriting journey.

12 June 2017

Company update/Artificial intelligence

Credit Mutuel Arkea deploys Moneythor for personal assistant Max

Moneythor, a financial technology company providing banks and fintech firms with a digital banking toolkit and data-driven personalisation engine, has been selected by French bank Crédit Mutuel Arkéa to be at the heart of max, the personal assistant of its newly launched entity Nouvelle Vague.

09 June 2017

News/Artificial intelligence

FinTech50: London continues to dominate European scene

The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.

07 June 2017

News/Artificial intelligence

HSBC boards the robo-advice train

HSBC is throwing its weight behind the robo-advisory movement, announcing plans to use data and algorithms to deliver tailored advice and make personal recommendations based on an individual’s circumstances.

01 June 2017

News/Artificial intelligence

ING tackles robo-advisory conundrum

Research among 15,000 consumers conducted by ING finds that only two percent would trust a fully automated robo-adviser to invest their money on their behalf.

31 May 2017

News/Artificial intelligence

RBC and NAB invest in financial management software firm Wave

National Australia Bank and Royal Bank of Canada have joined a US$24 million funding round for Wave, a Toronto-based provider of financial management software for small businesses.

30 May 2017

Company update/Artificial intelligence

Russian banks and Mastercard pick fintech startups for Moscow accelerator

Russian financial institutions working together within the framework of collaborative fintech acceleration programme Fintech Lab, namely Ak Bars, VTB 24, Bank Saint Petersburg, Home Credit Bank and Absolut Bank picked 12 fintech startups they are going to mentor and guide through the acceleration programme.

29 May 2017

News/Artificial intelligence

Banks must get on AI bandwagon now – new Finextra research

Big data, faster processing and cheap storage make it possible to turn the vision of AI in banking, developed over decades, into reality – today. The technology will only improve, and not engaging now would be to run the risk of falling behind never to catch up, finds a new Finextra research paper.

19 May 2017

News/Artificial intelligence

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app.

18 May 2017

Company update/Artificial intelligence

Ageas to use AI for claims handling

Ageas is set to be the first UK insurer to use Artificial Intelligence (AI) technology across its award-winning motor claims management, working in partnership with Tractable, the AI technology specialists.

18 May 2017

Company update/Artificial intelligence

Misys adds AI to trade monitoring software

Misys has stepped up to the artificial intelligence (AI) plate, today unveiling Misys FusionCapital Detect.

15 May 2017

News/Artificial intelligence

UBank unveils RoboChat for home loan applications

Digital only Australian bank UBank is rolling out a virtual assistant to help potential home buyers and refinancers complete their online home loan applications.

15 May 2017

News/Artificial intelligence

RBS gives AI a helping hand with 'hybrid bots'

The Royal Bank of Scotland is rolling out a customer service "hybrid bot" from vendor LivePerson that hands over to a human colleague if questions flummox its artificial intelligence.

04 May 2017

Company update/Artificial intelligence

Exiger acquires OutsideIQ

Exiger, the global regulatory, financial crime, risk and compliance company, announced today that it has acquired OutsideIQ, the company that developed the groundbreaking cognitive computing and intelligent search platform DDIQ.

27 April 2017

Company update/Artificial intelligence

Infosys rolls out big data robot Nia

Infosys (NYSE: INFY), a global leader in consulting, technology, outsourcing and next-generation services, today announced the launch of Infosys Nia, the next-generation Artificial Intelligence Platform building on the success of the Company’s first-generation AI platform, Infosys Mana, and its Robotic Process Automation (RPA) solution, AssistEdge.

27 April 2017

Company update/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.

21 April 2017

News/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.

21 April 2017

Company update/Artificial intelligence

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.

20 April 2017

Company update/Artificial intelligence

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.

19 April 2017

News/Artificial intelligence

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.

19 April 2017