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

Research/Artificial intelligenceEvent Report

Sustainable Finance Live - Sustainable Cities: Enabling positive change through innovation and collaboration

05 December 2023 101 downloads

Finastra survey shows global investment in AI, embedded finance, and BaaS

Finastra’s annual global State of the Nation Survey revealed that the financial services sector is investing in new innovations in artificial intelligence (AI), embedded finance, and Banking-as-a-Service (BaaS).

01 December 2023

News/retail

Westpac and nCino lead $28 million round in Rich Data Co

Westpac and nCino have led a $28 million funding round in Rich Data Co, an Australian AI decisioning platform for bank business lending.

01 December 2023

News/retail

Mastercard launches GenAI retail assistant

Mastercard has unveiled a generative AI retail assistant tool that offers shoppers tailored product recommendations.

01 December 2023

News/retail

Plum targets Greece with Eurobank backing

UK-based smart money app Plum has secured a €10 million minority equity investment from Greece's Eurobank as part of a strategic partnership in the region.

01 December 2023

Company update/wholesale

71M joins forces with Aveni

Aveni.ai, the AI fintech business, has been selected by the client-centric, technology-driven wealth and investment management business 7IM as a strategic AI partner.

30 November 2023

Company update/retail

CommBank reports growing app uptake

Commonwealth Bank has today provided an update on its strategy to reimagine the banking experience for its retail and business customers as they increasingly adopt and use its leading digital banking services.

29 November 2023

News/markets

Fintech valuations stabilising says VC fund chief

The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.

29 November 2023

Company update/people

XTB hires head of artificial intelligence

XTB, a global fintech offering online investing platform and mobile app, announced today the appointment of Tomasz Gawron to lead the company's Artificial Intelligence (AI) department.

28 November 2023

News/retail

Commerzbank builds GenAI-powered virtual assistant

Commerzbank is working with Microsoft to use generative AI and avatar technology for a new virtual assistant in its mobile app.

28 November 2023

Company update/sustainable

Clarity AI taps AWS for sustainable investing at scale

At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Clarity AI, a leading technology company that delivers environmental and social insights to ensure that companies and consumers invest and purchase sustainably, is all in on AWS.

27 November 2023

Company update/markets

Rimes opens AI Lab

Rimes is delighted to announce the official launch of their AI Lab under the leadership of Theo Bell, the newly appointed Head of AI Product.

27 November 2023

News/regulation

FCA seeks feedback on data asymmetry between Big Tech and FS firms

The UK's Financial Conduct Authority is calling for industry evidence on whether the data asymmetry between Big Tech and financial services firms could lead to the likes of Amazon and Google gaining entrenched market power in the FS sector.

27 November 2023

Company update/retail

MIA-Fintech brings AI-assisted credit checks to emebedded finance platform

Mia-Platform, the end-to-end platform builder, has announced a new partnership with Genio Diligence, a specialist provider of due diligence services to credit institutions and credit brokers.

27 November 2023

News/regulation

AI Act: Industry warns EU against overregulation

Digital Europe, a digital technology trade association, has warned the EU against overregulating in its upcoming AI bill in a letter this week.

24 November 2023

Company update/regulation

Aptus.AI secures €3 million pre-series A funding

Transforming compliance activities from a mere obligation and cost center into a lever to generate business opportunities by changing the way large organizations and companies, starting with banks and insurance companies, access, consult, and utilize the immense volume of legal documents. This is the mission of Aptus.AI, which announces today a pre-Series A of €3 million.

24 November 2023

News/wholesale

Majority of UK banks already piloting GenAI

Nearly three quarters of UK financial services firms are now piloting the use of generative AI for things like ‘co-pilot’ employee efficiency tools, according to a UK Finance survey.

24 November 2023