Artificial intelligence

Finextra TV/ai

AI's Role in Shaping the Bank of the Future

At EBAday 2024, Lilia Christofi, EMEA Banking Leader, Microsoft, explores the potential risks associated with implementing AI in the financial services industry, but also the role that the technology can play in shaping the bank of the future. Financial institutions need to ensure that they are leading across AI adoption to mitigate any potential risks that may emerge.

03 July 2024

News/ai

Mizuho and IBM test Gen AI for IT incident response management

Mizuho Financial Group is testing a generative AI application from IBM to help speed up recovery time from IT outages.

03 July 2024

Finextra TV/payments

Customer Intimacy, Generative AI and Data Models

Join FinextraTV at the Temenos Community Forum 2024 as William Moroney, President International, Temenos and Izzidin AbuSalameh, Group COO, Capital Bank of Jordan, speak about the biggest challenges facing the banking industry today. Despite substantial progression over the last two decades, the pair explore how customer intimacy through digital interactions must be prioritised as the sector is moving towards reducing branches. With this mapping of digital customer journeys, the onset of AI and generative AI has meant that banks are increasingly being encouraged to allow machines to do the thinking internally. This drives a larger issue where legacy technology is unable to support the demands of high traffic digital solutions - the conversation reveals some potential options for banks.

01 July 2024

News/ai

Point72 Ventures ditches fintech team – Forbes

Point72 Ventures has fired five of their investors, three from fintech and two from their digital assets team, according to two sources with knowledge of the situation.

28 June 2024

Finextra TV/payments

Building the bank of tomorrow

At EBAday 2024, Tsvetanka Nankova, Global Head of Sales, Institutional Cash & Trade Finance, Deutsche Bank, discusses what banks need to do to stay in the game and the key trends driving transaction banking innovation. A new wave of technology and digitalisation is emerging, and with this, and the way in which data and analytics is leveraged is also changing. The discussion explores the critical technology of the future, which includes AI, cloud and blockchain settlement, in addition to the regulations that are setting the guardrails for innovation.

28 June 2024

Long read/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

Will generative AI make banking jobs more efficient or replace them?

27 June 2024

News/ai

US RegTech Norm Ai raises $27 million

Norm Ai, a US RegTech that has built an AI platform for converting regulations into computer code, has raised $27 million in Series A funding from a host of financial institutions.

27 June 2024

Finextra TV/retail

Retail banking: Key trends and next steps in digitalisation

Join FinextraTV at the Temenos Community Forum 2024 as Robert Wint, Senior Product Director, at Temenos, and Lorenzo Villa, Head of Touchpoints at Credem, discuss how to engage customers in the digital age of mobile banking. Focusing on open banking, the conversation highlights financial wellness and GenAI as key trends in the retail banking space, and delves into how digital channels are expanding and how banks should proceed with digital onboarding.

27 June 2024

News/ai

Nubank buys Hyperplane to push AI-first strategy

Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.

27 June 2024

News/ai

Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

26 June 2024