Artificial intelligence

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/Artificial intelligence

Unicredit launches iPhone-only buddybank

Italy's Unicredit is trying to give banking's staid image a makeover and make it "cool" through the launch of a mobile-only subsidiary called buddybank.

/Artificial intelligence

Overstock launches robo-advisor digital investment platform

Overstock.com (NASDAQ: OSTK) announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub™.

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Blockchain: beyond Bitcoin

Nicolò Romani, Head of Innovation SIA, talks about the extraordinary variety of business applications a permissioned blockchain infrastructure could lend itself to, the impact it will have in the financial sector and whether it represents a revolution at global level.

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Navigating customers and staying competitive

Saskia Devolder, Head of Western and Central Europe, SWIFT, talks about the challenges banks are facing in the payments arena, how they should cater to the needs of their clients and how service providers are navigating their customers around instant payments, GPI and AI.

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Virtual assistant startup Finn.ai hires ex-Twitter exec Stephen Morse

Canadian financial services virtual assistant startup Finn.ai has become the latest fintech firm to bring in a Twitter veteran, hiring the social media outfit's former head of global financial data partnerships, Stephen Morse.

/Artificial intelligence

Western Union opens Indian tech centre

Western Union has opened a technology centre in Pune, India, employing more than 1000 staffers working on areas such as robotics, machine learning and biometrics.

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AmEx buys virtual travel assistant Mezi

American Express has acquired Mezi, an AI-powered travel assistant app that helps users plan and book trips. Terms of the deal were not disclosed.

/Artificial intelligence

PwC and Simudyne team up to bring AI to financial services

PwC and Simudyne have teamed up to help give financial services companies the predictive power to plan for the future, through the combination of artificial intelligence (AI) simulation software and consulting services.

/Artificial intelligence

Deutsche Bank joins WEF centre to help shape the robot future

As the great and the good gather in Davos, Deutsche Bank has joined the World Economic Forum's Center for the Fourth Industrial Revolution, a project dedicated to "maximising the benefits and minimising the risks" of emerging technology.

/Artificial intelligence

Personal finance bot Cleo adds charity donation option

AI-based personal finance chatbot Cleo has introduced a one-click charity giving feature designed to appeal to young Brits who make donations on an ad hoc basis.

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Piccadilly Group introduces 'management consultant killer' Neuro

Piccadilly Group has launched NEURO, an AI business platform that will eradicate the need for one in four management consultants, saving businesses approximately $122.bn globally.

/Artificial intelligence

CBA introduces Ceba the chatbot

Commonwealth Bank of Australia has added an AI-powered chatbot to its apps that can help customers with more than 200 banking task.

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Nuvo unveils AI-powered mortgage broker chatbot

UK fintech startup Nuvo has launched an artificial intelligence-powered Facebook chatbot that helps people find the best deals on mortgages.

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AI fintech startup Trend Lab secures $12.7 million angel funding

Across the globe, the internet finance industry is developing rapidly with the rise of technologies like Electronic Payments, Cloud Computing, Big Data, Block Chain and Artificial Intelligence (AI).

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Crypto mining threatened by power capacity concerns

The craze for cryptocurrency mining is putting increasing strain on electrical grids, raising concerns about capacity around the world and the prospect of a migration of coin mining operators to new jurisdictions.

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Exchanges call for global fintech standards

As new technologies such as AI and DLT transform the capital markets landscape, the World Federation of Exchanges (WFE) has called on regulators to hold new fintech entrants to the same standards as established players.

/Artificial intelligence

TD Bank buys Toronto AI outfit Layer 6

Toronto-Dominion Bank has acquired Canadian Artificial Intelligence startup Layer 6 in a deal reportedly worth more than US$100 million.

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Leveraging data and analytics for digital customer engagement

Following a recent breakfast event by Temenos and Finextra, Kam Chana - Digital Strategist at Temenos, discusses some of the key findings on how financial institutions can leverage data and analytics for digital customer engagement, addressing key drivers such as customer expectations and changing technology.

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Capital One acquires machine learning consultancy Notch

Capital One has acquired machine learning consultancy Notch as part of a progressive effort to develop data-driven products and services for its customer base.

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Jaywing opens AI consulting practice

Risk and data science specialist Jaywing, has launched a new consultancy service to help lenders drive value from Artificial Intelligence (AI) and machine learning.