Artificial intelligence

2999 articles tagged with this keyword

/security

Cybercrime: What to Expect from Malware-as-a-Service?

Scott Olson, CMO, Outseer, taps into insights from their upcoming ‘Global Fraud and Scams Trend Report’ to explore what has exerted the most significant influence on fraud threats and mitigation since 2023. Artificial Intelligence – generative, predictive, or otherwise – continues to garner attention, but with new types of AI coming to the fore, fraudsters are also evolving which is leading to increased social engineering, phishing, and malware. The discussion also dives into staggering increases in Malware-as-a-Service and how unsophisticated fraudsters are now executing malicious programmes on consumer devices, overlaying legitimate banking apps with malware to steal personal information.

/security

Visa applies generative AI to clamp down on brute force attacks

Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.

/wealth

WealthTech Emerge9 release AI diligence assistant

Emerge9, a leading technology-enabled wealth management platform, today announced the launch of its AI Diligence Assistant, a state-of-the-art tool designed to transform the investment process by streamlining interactions with deal data.

/markets

JPMorgan unveils IndexGPT investing tool

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

/crypto

Blockchain researchers use AI to spot Bitcoin money laundering

Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.

/cloud

EBAday 2024: What are the immersive trends in payments technology?

Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.

/cloud

Franklin Templeton collaborates with Microsoft on personalised financial AI platform

Franklin Templeton is working with Microsoft to build an advanced financial AI platform marking a significant step toward transforming the financial services industry.

/retail

Finos opens AI readiness forum for finanial services

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG) as part of its broader pioneering artificial intelligence (AI) strategic initiative.

/regulation

FSB Asia addresses cross-border payments, AI and climate change

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Colombo.

/markets

Alphabet and Microsoft shares soar thanks to AI investments

Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.

/inclusion

Economic conditions, energy, cost of living rank highly in ethical risk factors for UK businesses

What is ethical risk? Ethical risk consists of the risks that could impede an organisation’s ability to live up to its ethical values and standards which impact consumer trust, reputation, and financial performance.

/devops

The Bank of London turns on GenAI coding assistant

The Bank of London is using a Generative AI assistant to speed up coding for companies testing embedded banking applications via the transaction bank's API suite.

/payments

Pivotal trends for sustainable growth in financial services

Amidst the evolving financial services landscape, three pivotal trends have emerged: operational resilience, generative artificial intelligence, and modernisation. As institutions navigate the complexities of digital transformation, the importance of building resilient systems, harnessing the power of gen AI responsibly, and modernising tech stacks becomes increasingly evident. In a conversation with Monica Sasso, Global Financial Services Digital Transformation Lead at Red Hat, we delve into these trends, exploring their implications and the strategies needed for sustainable growth.

/security

Mastercard harnesses AI to take on scammers

Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.

/payments

Stripe unveils slate of new features

Stripe, a financial infrastructure platform for businesses, today announced more than 50 new features at its annual user conference, Stripe Sessions, held at the Moscone Center in San Francisco.

/devops

NextGen Nordics 2024: Where will AI lead us?

In the last panel of NextGen Nordics 2024 in Stockholm, ‘The future of AI - crystallising the potential of this technology’ speakers explored how AI and new trends in tech are impacting the payments industry.

/cloud

Zilch to leverage AI with Amazon Web Services

Zilch, the world’s first ad-subsidised payments network (ASPN), announces today that it has extended its collaboration with cloud provider Amazon Web Services (AWS) to accelerate the rollout of AI innovation across the Zilch proposition.

/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.

/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.

/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.