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

NextGen Nordics 2024: Payments is ready for a refresh

Finextra is heading back to Stockholm to delve into the most important topics in the Nordic banking world at our NextGen Nordics 2024 conference on the 23rd of April.

06 February 2024

News/cloud

BNY Mellon partners Microsoft for data and analytics

BNY Mellon has formed a strategic alliance with Microsoft to offer its buy and sell side clients a cloud-based data and analytics platform.

05 February 2024

Finextra TV/predictions

Responding to regulations: AI solutions boosting operational resilience in 2024

In anticipation of upcoming banking regulations, such as the EU's 2025 deadline, Sumant Kumar, CTO, Banking and Financial Markets, NTT DATA UK&I, provides insights into the impact of artificial intelligence on operational resilience for the year ahead. As a part of our Predict 2024 series, we explore how banks can deploy predictive AI to enhance operational efficiency, alongside the modernisation of infrastructure through converting legacy code with generative AI. We discuss how banks can employ supply chain risk management with the support of operations, improving both customer experience and security in the year to come.

05 February 2024

News/regulation

Bank of England governor Andrew Bailey embraces AI - BBC

Governor Andrew Bailey confirms House of Lords' view that the AI technology should be seen as a positive, rather than a risk to business.

02 February 2024

Company update/regulation

Apiax releases GenAI policy assistant for compliance queries

Apiax has launched a new compliance solution today, aiming to enhance operational efficiency and the accuracy of policy searches.

01 February 2024

News/inclusion

Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.

01 February 2024

Company update/regulation

CFTC seeks comment on AI use in derivatives markets

The Commodity Futures Trading Commission’s Divisions of Market Oversight, Clearing and Risk, Market Participants, and Data and the Office of Technology Innovation today issued a request for comment (RFC) to better inform them on the current and potential uses and risks of artificial intelligence (AI) in the derivatives markets the CFTC regulates.

29 January 2024

Company update/predictions

Humans will not be replaced by robots in the near future - HSBC

The power of human interaction will continue to play a critical role in business over the coming decade, even as technology such as AI, robotics and quantum computing dramatically reshapes entire sectors and business models, according to a new HSBC report – Digital Horizons: How emerging tech will shape tomorrow’s business.

29 January 2024

News/crime

CFTC cautions against AI: 'be wary of the hype'

The Commodity Futures Trading Commission (CFTC) has issued a customer advisory warning to the public to keep an eye out for artificial intelligence (AI) scams.

26 January 2024

Company update/devops

Globant opens Business Innovation Hub in Berlin

Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, announced its newest commitment to its growing businesses in Germany and the broader DACH Region, opening an Innovation Hub Office in Berlin. This space has been designed to expand Globant's presence in the country while fostering the inclusion of local talent and showcasing its capabilities.

26 January 2024

News/payments

PayPal unveils AI-based products

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

25 January 2024

Company update/retail

IeDigital acquires AI fintech software house Abaka

ieDigital has today announced the acquisition of ABAKA, the AI - recommendation engine platform which uses machine learning and behavioural segmentation software to predict which products – such as banking products, savings accounts or retirement solutions – are the most likely to be bought by financial services consumers.

25 January 2024

Company update/security

Global ransomware threat expected to rise with AI, NCSC warns

Artificial intelligence (AI) is expected to increase the global ransomware threat over the next two years cyber chiefs have warned in a new report published today (Wednesday).

24 January 2024

Company update/startups

Axyon AI secures €3.9 million investment

Axyon AI, a pioneering Italian C company, has closed its latest funding round led by the US-based venture capital firm Montage Ventures and accompanied by Techshop SGR, alongside other angel investors.

24 January 2024

Finextra TV/payments

Upcoming changes in PSD3: The impact on 3DS ACS solutions

Yogesh Patel, CTO at Outseer, discusses the impact of new PSD3 regulations on 3DS solutions, what should be front of mind for issuers as a result and what to expect from the VISA & Mastercard protocol updates. We hear how data science plays a role with 3DS solutions, the key capabilities to expect from an ACS and how consortium data can help catch more fraud, specifically for CNP transactions.

23 January 2024

Company update/regulation

Model Office ships Generative AI compliance chat bot

RegTech platform Model Office has launched a new version of its AI chatbot incorporating generative AI features and development to support advice and wealth management firms’ governance, risk, and compliance (GRC) challenges.

22 January 2024

News/startups

Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

19 January 2024

Company update/retail

Intellect opens AI innovation centre in India

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, proudly announces the inauguration of its cutting-edge Artificial Intelligence (AI) led innovation centre in GIFT CITY, an epic centre of Global Finance and IT.

18 January 2024

Company update/retail