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CIBC forms strategic AI collaboration with Creative Destruction Lab

CIBC today announced a strategic collaboration with Creative Destruction Lab (CDL), a nonprofit organization focused on empowering companies through innovation in AI technology.

APIs, Automation, and AI

/Artificial intelligence

APIs, Automation, and AI

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/ai

Nice Actimize debuts Surveil-X Behavior to root out employee risks

NICE Actimize, a NICE (NASDAQ: NICE) business, today announced the introduction of SURVEIL-X Behavior, the newest AI-powered solution in its market-leading SURVEIL-X Holistic Employee Conduct Surveillance suite.

/ai

Taishin Bank collaborates with OneDegree Global on responsible AI

Taishin Bank, one of the largest commercial banks in Taiwan, has partnered with OneDegree Global, a leader in cybersecurity and risk management solutions, for a Proof of Concept.

CommBank to equip all staff with AI training modules

/ai

CommBank to equip all staff with AI training modules

Commonwealth Bank of Australia is rolling out an AI microlearning series to all employees.

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Microsoft and Dlocal collaborate on financial AI

Microsoft and dLocal are thrilled to announce a landmark partnership to integrate cutting-edge Artificial Intelligence (AI) solutions into the financial technology (fintech) sector.

Santander circulates deepfakes to raise awareness of scam threat

/security

Santander circulates deepfakes to raise awareness of scam threat

Santander has launched a campaign to demonstrate the threat to consumers from 'deepfake' videos circulating on social media platforms.

CIBC to hire 200 data and AI specialists

/ai

CIBC to hire 200 data and AI specialists

Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 month

S&P Global to give 35,000 employees GenAI training

/ai

S&P Global to give 35,000 employees GenAI training

Ratings and analytics provider S&P Global has struck a deal with Accenture to train its entire 35,000-strong workforce in generative AI.

/ai

Rich Data Corp rounds out $37 million Series B with $9 million top up from Acorn Capital

Rich Data Co (RDC), an industry leader in artificial intelligence (AI) decisioning for business and commercial lenders, has secured a $9 million investment from Acorn Capital, a firm specialising in emerging companies.

Lloyds hires AWS exec to head up new AI and analytics unit

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Lloyds hires AWS exec to head up new AI and analytics unit

Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.

Fintech Sentiment: EU AI Act comes into effect

/Artificial intelligence

Níamh Curran Senior Reporter at Finextra

Fintech Sentiment: EU AI Act comes into effect

/regulation

Tuum forms partnership with ComplyAdvantage,

Tuum, a leading next-generation core banking platform, is proud to announce its partnership with ComplyAdvantage, a leader in financial crime intelligence.

Finextra is getting a new look!

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Finextra is getting a new look!

We’re excited to go live with Finextra’s new website next week.

Mexican fintech Aviva raises $5.5m

/inclusion

Mexican fintech Aviva raises $5.5m

Aviva, a Mexican "phygital" financial platform for the underbanked and micro businesses, has raised $5.5 million in seed funding.

Bourgeois Boheme raises €6.5m for financial platform for the rich

/startups

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

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European Artificial Intelligence Act comes into force

Today, the European Artificial Intelligence Act (AI Act), the world's first comprehensive regulation on artificial intelligence, enters into force.

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

/payments

Why Traditional AI should be used alongside Generative AI for Fraud Prevention

At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts using search for. This is why traditional AI must be used alongside Generative AI.

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Macquarie invests in Hawk

Hawk, the leading provider of AI-powered technology for fraud prevention and anti-money laundering (AML), today announced a further extension of its Series B financing, with Macquarie Capital having agreed to join existing investors Rabobank, BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

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Fintech VC fund Cedar-IBSi Capital invests in Cogniquest

Early-stage FinTech VC fund, Cedar-IBSi Capital, has announced its first investment in Cogniquest, an AI-ML Intelligent Document Processing company that is seeking to focus on document automation for Financial Services institutions.

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