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

Company update/payments

Modern Treasury taps AI for reconciliation engine

Modern Treasury, the operating system for the new era of payments, revealed today, at Money 20/20 in Las Vegas, how its new AI Reconciliation Suggestions tool will enhance reconciliation, increasing the efficiency of its platform and speed of cash reconciliation for customers.

23 October 2023

Company update/retail

EarnUp launches financial wellness member engagement platform for credit unions

EarnUp, Inc., a financial wellness fintech company, announced today the availability of its EarnUp Engagement Platform, exclusively for credit unions to help drive member engagement through actionable solutions that automate savings, increase loan eligibility and improve overall financial health.

23 October 2023

Company update/payments

Mastercard expands consulting services with AI and Economics practices

Mastercard today announced the expansion of its consulting business with the launch of new practices dedicated to artificial intelligence and economics, to help clients across all industries rapidly and responsibly advance the use of AI and address ever shifting macro-economic forces and consumer preferences.

23 October 2023

Company update/security

Jumio unveils fraud prevention tech

Jumio, the leading provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today unveiled at Money20/20 USA Jumio 360° Fraud Analytics, its new fraud-fighting technology that uses AI-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before.

23 October 2023

News/markets

ChatGPT interprets 'Fed speak' to predict direction of interest rates

A new study by researchers at Sheffield Hallam University demonstrates the ability of large language models like ChatGPT to predict future interest rate decisions by central banks.

23 October 2023

News/retail

CBA using Gen AI to create 'synthetic customers' for testing of new products

Commonwealth Bank of Australia (CBA) is studying the use of generative AI to create 'synthetic customers' capable of emulating human behaviour, to test the response to new products and services.

23 October 2023

Company update/retail

Smart Valor-backed Ellon.AI releases AI-powered investment companion

In the world of finance, where timely and accurate information can often be the difference between success and missed opportunities, having easy access to critical information is of paramount importance for making sound investment decisions.

23 October 2023

Research/Artificial intelligenceFuture of Report

The Future of Digital Banking in North America 2024

23 October 2023 735 downloads

Company update/people

Western Australia launches visa scheme for UK AI professionals to relocate downunder

Time is running out for British AI, data management and tech specialists to take advantage of a new, streamlined pathway offering career advancement in Western Australia (WA).

20 October 2023

Company update/payments

Square introduces ten new generative AI features

Today, Square announced 10 new generative AI features that sellers can use now to automate operations, speed up workflows, and regain time.

19 October 2023

Company update/payments

Mastercard uses AI to sharpen payment resiliency

With the relentless demand on banks to maintain consumer trust in an ever-evolving payments landscape, Mastercard has launched a new suite of enhanced solutions using game-changing AI to help them make good on the promise of ‘always-on’ payments.

19 October 2023

Company update/startups

Sella picks seven startups for final phase of AI incubation programme

72 projects applied to take part in the "Artificial Intelligence Business Incubator": the international incubation program fostered by Banca Sella and implemented by dpixel – the Sella group Venture Incubator – with the support of the Fintech District, aiming to assist in the initial phase (pre-seed) of startups, researchers, entrepreneurial teams, university spin-offs, companies and the most innovative artificial intelligence projects applied to finance.

18 October 2023

Company update/markets

LTX upgrades BondGPT application

LTX, a subsidiary of global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of BondGPT+, the enterprise version of its award-winning BondGPT application, which incorporates Broadridge’s unique patent-pending technology and OpenAI GPT-4 to answer complex bond-related questions and rapidly assist users in their identification of corporate bonds on the LTX platform.

18 October 2023

Company update/retail

Q2 develops AI-driven CoPilot

Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced the launch of the Andi copilot platform, an artificial intelligence (AI) solution suite purpose-built for bankers, enhanced with Generative AI (GenAI) language model capabilities.

17 October 2023

News/regulation

Fintech chiefs raise AI regulatory fears in Parliament

Leaders from the fintech and artificial intelligence (AI) industry gathered in Parliament last night for a special debate on the ethical and regulatory challenges posed by the technology to the UK.

17 October 2023

Company update/startups

BlueFlame AI launch targets alternative investment managers

BlueFlame AI, the generative AI platform for alternative investment managers, today announced general availability of its transformative platform.

16 October 2023

News/people

SEC head warns AI could cause financial crisis

It is "nearly unavoidable" that AI will trigger a financial crisis within the decade unless regulators step in, says Securities and Exchange Commission head Gary Gensler.

16 October 2023

Company update/retail

MPowered Mortgages releases AI-driven marketing tool to help brokers attract customers

MPowered Mortgages, the prime residential mortgage lender using AI to speed up and simplify the mortgage journey for homebuyers and remortgagers, has today announced the launch of Marketing Assist.

16 October 2023

News/payments

EVO Banco taps AI and Google Maps to show customers transaction locations

Spanish digital bank EVO Banco has launched a geolocation service for card purchases that uses AI and Google Maps to show customers the exact time and place where their transactions took place.

12 October 2023

News/startups

Carefull raises $16.5m for financial safety platform for older Americans

Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, has closed a $16.5 million Series A round.

12 October 2023