Artificial intelligence

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

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

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

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

Long read/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

OpenAI: What just happened to the CEO Sam Altman?

23 November 2023

Long read/Artificial intelligence

Paige McNamee Senior Reporter at Finextra

Understanding the UK High Court’s AI patentability ‘Holy Grail’ ruling

23 November 2023

News/startups

FundOnion launches business finance comparison site

An AI-backed finance comparison site, called FundOnion, has launched to help small businesses in the UK find funding.

23 November 2023

News/predictions

73% of FS execs expect GenAI to take their jobs

Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.

22 November 2023

News/people

Ousted OpenAI boss to work for Microsoft

Sam Altman, the former CEO of OpenAI, the developer of generative AI platform ChatGPT, has resurfaced at Microsoft just days after he was pushed out by the board of directors.

20 November 2023

Finextra TV/devops

Concepts to commercialisation: Growing digital assets

In the lead up to Singapore Fintech Festival, Lee Zhu Kuang, Chief Digital, Data and Innovation Officer for Securities Services, HSBC, evaluates the transformative impact of tokenisation and the role of AI standardisation in enhancing scalability and interoperability. We discuss the impact of digital assets and the need to balance financial expertise, regulatory compliance, custody services, and investor security for sustainable industry growth.

20 November 2023

News/markets

EC makes supercomputers widely accessible to foster AI development

The European Commission has opened access to EU supercomputers to bolster AI development and push AI initiatives.

17 November 2023

Finextra TV/retail

Generative AI: The tipping point for future banking

In the lead up to Singapore Fintech Festival, Shayan Hazir, HSBC's Chief Digital Officer for ASEAN, considers initiatives to integrate Artificial Intelligence into current financial infrastructure and the importance of experimentation and collaboration for operational transformation. We discuss the challenges in data orchestration, responsible implementation, public utilities and identify future opportunities in this space.

17 November 2023

News/cloud

Alibaba backtracks on cloud division split amid global uncertainties

Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.

17 November 2023