Latest Artificial intelligence News: Finextra Research

Company update/startups

Conversational AI insurtech PeppercornAI raises £3.25m

Insurtech PeppercornAI has raised £3.25 million in its latest funding round. The funding, of which Wealth Club raised £1.9m, included high net worth investors, existing investors EHE Capital and Angels Invest Wales.

24 April 2024

News/regulation

ComplyAdvantage buys Golden to boost financial crime intelligence

AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder.

24 April 2024

News/markets

NextGen Nordics 2024: NPC promoting innovation and harmonisation in the Nordics

NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.

23 April 2024

Company update/regulation

Verafin unveils Entity Research Copilot

Verafin, a Nasdaq company, renowned for its expertise in applying artificial intelligence (AI) and big data technologies to fight crime, announces the launch of Entity Research Copilot, the first of its integrated Copilot capabilities, bolstering its suite of financial crime management solutions.

22 April 2024

Company update/security

Basware debuts AI-based fraud protection product

Basware, a global leader in AP automation and invoice processing, has introduced AP Protect, an AI-powered solution that empowers finance teams to protect their organisations from the threat of profit loss, invoice errors and fraud.

22 April 2024

Company update/markets

Imandra ships AI assistant for FIX Connectivity

Imandra Inc., the AI company pioneering industrial automated reasoning, today announced the launch of FIX Wizard for its FIX Connectivity suite used by banks and trading firms.

22 April 2024

News/inclusion

Wagestream raises £17.5m

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

19 April 2024

Company update/markets

Isda provides furture perspective on GenAi in the derivatives market

This ISDA Future Leaders in Derivatives (IFLD) whitepaper sets out guidance for industry stakeholders, regulators and technology providers seeking to harness the power of generative artificial intelligence (genAI) in transforming the over-the-counter (OTC) derivatives market.

18 April 2024

Company update/wholesale

Bian adds 19 members

Bian, the independent not-for-profit standards association, is announcing that 19 new members have joined the growing organization, bringing the total number of members to 98. This momentum has helped BIAN further its commitment to forging a new era of banking.

17 April 2024

Company update/markets

Bridgewise closes $21m funding round

Bridgewise, the innovative AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million.

16 April 2024

Company update/wholesale

Wells Fargo chooses TradeSun to digitise trade finance

TradeSun and Wells Fargo have entered into an agreement that will enable Wells Fargo to leverage the industry leading trade finance and compliance digitization solution from TradeSun, using Artificial Intelligence (AI) and other advanced technologies to streamline the complex and manual processes employed globally within the banking industry.

16 April 2024

Company update/people

Tifin appoints Rob Pettman chief revenue officer and president

Tifin, a leading AI and innovation platform for wealth, announces the appointment of Rob Pettman as its Chief Revenue Officer and President.

16 April 2024

Company update/wholesale

Surecomp partners Cleareye.ai on AI-powered trade finance automation

Surecomp today announced a strategic partnership with Cleareye.ai Inc., a leading provider of digital trade finance solutions providing automation of trade compliance and operations.

16 April 2024

Company update/retail

Myanmar's KBZ Bank signs for FinbotsAI AI credit scoring tech

FinbotsAI, an Accel-backed Singapore headquartered B2B SaaS FinTech today announced signing KBZ Bank – Myanmar’s largest privately-owned bank – as their first client in Myanmar.

16 April 2024

Company update/security

Reltime launches blockchain R&D centre in India

Reltime, a leader in Web3-based financial and digital services technology, is proud to announce the opening of a new research and development facility, ‘Reltime Research Lab Private Limited’, in Chennai, India.

15 April 2024

News/regulation

EC and CFPB meet on consumer risks from AI and BNPL

US and European officials have begun an "informal dialogue" on consumer financial protection issues, focusing on the rise of Big Tech in payments; the use of AI in lending; and the emergence of buy now, pay later.

15 April 2024

Research/Artificial intelligenceFuture of Report

The Future of UK Fintech - 2015-2035

15 April 2024 679 downloads

News/markets

CMA outlines competition concerns with AI Foundation Models

The Competition and Markets Authority (CMA) has identified key risks to fair competition in AI Foundation Models (FMs), growing concerns as AI rapidly develops in the financial industry.

12 April 2024

Company update/wholesale

Kyriba expands AI suite

Kyriba, a global innovator in liquidity performance, today announced new AI features within its platform designed to improve cash forecasting, bank connectivity-as-a-service and custom report generation.

10 April 2024

Company update/startups

Isle of Man announces participants in fintech challenge

The Isle of Man Government today reveals the cohort of 16 international organisations that will take part in the Island’s biggest ever Innovation Challenge.

10 April 2024