Artificial intelligence

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/payments

Fuse launches Income Verification Tool to support lenders to improve decision making

AI powered transaction analytics firm, Fuse, has enhanced its offering with the introduction of a new Income Verification Tool, which uses transaction data to provide lenders with detailed insight and probabilistic estimates into the income streams of prospective borrowers, while also painting a fuller picture of their financial position in real time.

Visa creates $100 million generative AI venture fund

/payments

Visa creates $100 million generative AI venture fund

Visa has opened a $100 million warchest to invest in companies harnessing generative AI technologies and applications for commerce and payments.

/startups

BNP Paribas hosts AI speed networking event in Birmingham

Leading finance provider BNP Paribas Personal Finance UK is inviting fintechs and tech businesses with expertise in AI to join its Connector Series event in collaboration with SuperTech — an organisation supporting tech innovation in the West Midlands.

AI could lead to 3 1/2 day work week, predicts Jamie Dimon

/people

AI could lead to 3 1/2 day work week, predicts Jamie Dimon

JPMorgan Chase boss Jamie Dimon says that while AI might lead to job loses it could also help to usher in a three-a-half day work week.

/security

WorkFusion releases AI transaction monitoring investigator

WorkFusion, a leading provider of AI digital workforce solutions for banking and financial services, today announced that it has rolled out its newest Digital Worker, Isaac, an AI Transaction Monitoring Investigator.

AI race heats up between France and UK

/devops

AI race heats up between France and UK

Xavier Niel, French billionaire and chairman of the Iliad group, has announced his intention to host an AI conference in Paris in November, the same month as Britain’s AI Safety Summit.

/markets

Sigma unveils AI-based, no-code suite of tools for traders

SIGMA Financial AI, an innovator in developing AI-driven trading solutions, launches Akili-AI, a sophisticated suite of enterprise-ready trading strategy tools.

ECB experiments with ChatGPT-style AI

/retail

ECB experiments with ChatGPT-style AI

The European Central Bank is exploring the use of ChatGPT-like large-language models for things such as document analysis and software testing.

/people

Mastercard joins with Rochester Institute of Technology in Dubai to foster nex-gen AI talent

With AI playing an increasingly transformational role across our lives, Mastercard and the Rochester Institute of Technology (RIT) in Dubai have signed a Memorandum of Understanding (MoU) to foster talent in the region and advance AI innovation globally.

The Journey from Open Banking to Open Finance

/Sibos

The Journey from Open Banking to Open Finance

Alistair Brown, VP Open Banking and Payments, EPAM, discusses European banking sector regulations, the role of enhanced AI solutions in tackling fraud, risk, and cybersecurity, and the benefits of enhancing customer experience at Sibos 2023.

/payments

Primer rolls out AI tool to boost merchant revenue by improving payment success

Primer, the unified infrastructure for global payments and commerce, has announced the launch of UpliftAI, a first of its kind AI payments tool designed to empower online merchants to predict, optimise and deliver the highest possible authorisation rate across all global processors to drive revenue growth.

/cloud

Monese core banking offshoot XYB collaborates with Google Cloud for generative AI input

Today, XYB, a visionary provider of an end-to-end 'coreless' banking platform, is announcing a collaboration with Google Cloud to bring generative AI within its coreless banking platform.

NatWest to build generative AI tools and expertise with AWS

/cloud

NatWest to build generative AI tools and expertise with AWS

NatWest is extending its collaboration with Amazon Web Services to incorporate the uptake of new generative AI technology from the cloud provider.

Fujitsu trials gen-AI for Japanese banks

/devops

Fujitsu trials gen-AI for Japanese banks

Japanese technology giant Fujitsu is to conduct trials into the use of generative AI (gen-AI) for banking operations.

Why AI gender bias is best solved by web3

/devops

Why AI gender bias is best solved by web3

“Web3 is the ‘perfect platform’ to be compensated for one’s own data,” explains Rumi Morales, a founding director at Navigate, a Web3 platform developing an AI-powered map from crowdsourced data.

Tether commits to AI strategy with €400 million NVIDIA chip purchase

/crypto

Tether commits to AI strategy with €400 million NVIDIA chip purchase

Damoon, a Tether company in which Northern Data Group owns a majority stake, has purchased over 10,000 NVIDIA H100 Tensor Core GPUs, a type of chip, at a total cost of approximately €400 million.

Build, Buy or Bust – Hybrid leapfrogging Legacy

/Artificial intelligence

Build, Buy or Bust – Hybrid leapfrogging Legacy

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Is 'ethical AI' deeply complex or just a contradiction in terms?

/Artificial intelligence

Scott Hamilton Contributing Editor at Finextra Research

Is 'ethical AI' deeply complex or just a contradiction in terms?

Banking on Automation and AI Technology

/Sibos

Banking on Automation and AI Technology

Manoj Mishra, Senior Vice President, Consulting Services, CGI, and Tom Lang, EVP, Head of Product and Operations, PNC Treasury Management, speak at Sibos 2023 about AI and automation’s impact on business operations, current common use cases and the advantages of collaboration.

/cloud

Lenovo rolls out AI services for 'intelligent' data

Today, Lenovo (HKSE: 992) (ADR: LNVGY) announced new, first-to-market edge AI services and solutions designed to enable mass deployment of remote computing capabilities that will significantly accelerate AI readiness and empower new AI applications for any business. New Lenovo TruScale for Edge and AI brings the proven cost benefits of Lenovo TruScale’s Infrastructure as-a-Service model to the broadest and most comprehensive edge portfolio on the market, enabling customers to leverage a pay-as-you-go model to quickly deploy powerful edge computing and gain AI-powered insights directly at the source of data creation. Lenovo is also expanding its broad portfolio with the new Lenovo ThinkEdge SE455 V3, bringing the most powerful edge server to the market and delivering breakthrough efficiency to support the most intensive remote AI workloads.

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