Artificial intelligence

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Conversational Banking 2023: How to achieve a 293% ROI with conversational AI

/Artificial intelligence

Conversational Banking 2023: How to achieve a 293% ROI with conversational AI

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EU Parliament in favour of tougher rules for AI Act

/regulation

EU Parliament in favour of tougher rules for AI Act

The European Parliament lawmakers reached agreement on a strict set of rules on AI use in the EU to rein in AI systems and ensure transparency and security.

/markets

UAE signs MoU with data analytics firm Presight to attract foreign investment

The Ministry of Economy (MoE) signed a memorandum of understanding (MoU) with Presight, the region’s leading data analytics company powered by artificial intelligence, to drive foreign direct investments into new sectors within the UAE. The initiative will help attract foreign companies to expand and invest in the UAE’s markets and support the partnership with the private sector. The signing took place on the sidelines of the 12th Annual Investment Meeting (AIM) 2023, which was held at the Abu Dhabi National Exhibition Center from May 8-10.

/wealth

Orion Advisor Solutions goes live with ChatGPT integration

Orion Advisor Solutions, the premier provider of transformative wealthtech solutions designed to power advisors and win for investors, today went live with a cutting-edge ChatGPT-3.5 series integration with Redtail Speak, the compliant*, real-time communication platform for financial advisors offered through Redtail Technology.

/retail

Origence and Zest AI tem on automated underwriting tech for credit unions

Origence, the nation’s leading credit union lending technology provider, and Zest AI, the leader in automating underwriting with more accurate and inclusive lending insights, have announced the launch of Zest Auto, the AI-automated underwriting model for credit union automotive lenders, available exclusively through Origence.

/cloud

SymphonyAI collaborates with Microsoft Azure AI for generative AI

SymphonyAI, a leader in high-value enterprise AI SaaS for strategic industries, announced today a strategic collaboration with Microsoft to enhance its portfolio of vertical AI software applications using Microsoft Azure AI, including Azure OpenAI Service and Azure Cognitive Search.

Biden and Harris address AI regulation with BigTech CEOs

/regulation

Biden and Harris address AI regulation with BigTech CEOs

US President Joe Biden met with CEOs of several leading tech firms to discuss the dangers of rapid artificial intelligence (AI) adoption.

How AI is unlocking the potential of BNPL

/payments

How AI is unlocking the potential of BNPL

Einar Björgvin Eiðsson, Product Director, indó iceland, discusses the growth and success of BNPL in Sweden at NextGen Nordics 2023, and how AI is unlocking further potential for the future.

/retail

CMA opens review into artifical intelligence market

The CMA is opening an initial review of competition and consumer protection considerations in the development and use of AI foundation models.

/retail

Personetics integrates with Q2

Personetics, the global leader in financial data-driven personalized customer engagement, today announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program.

/security

CaixaBank joins AI consortium

CaixaBank, together with another 16 European companies, has created the GREEN.DAT.AI European research consortium, which aims to develop new AI-based services that provide a more sustainable data analysis.

ChatGPT investment fund smashes the UK's ten most popular funds

/wealth

ChatGPT investment fund smashes the UK's ten most popular funds

A fictional fund generated by ChatGPT is significantly outperforming the average of the UK’s 10 most popular funds, which have collectively lost 0.8% in value over the same time period.

/crypto

Crypto.com pilots AI crypto companion for investors

Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, is furthering its innovation pipeline by introducing its first-ever Artificial Intelligence (AI) powered-initiative, Amy. Crypto.com is initially piloting Amy to gather learnings before expanding this and future AI-powered capabilities more broadly.

Generative AI governance targeted in proposed EU rules

/regulation

Generative AI governance targeted in proposed EU rules

The EU’s AI Act has been pushed through to the trilogue stage after nearly two years of drafting. The draft includes requirements for generative AI tools, like ChatGPT, to disclose the copyrighted material used in developing their programmes.

Amazon stock plummets amid cloud slowdown

/markets

Amazon stock plummets amid cloud slowdown

Amazon reported that its cloud growth has slowed, as business customers reduce spending amid market uncertainty.

/crypto

Binance launches AI-driven Web3 education tool

Binance Academy, a leading Web3 education platform by Binance, the world’s largest crypto exchange, has launched Binance Sensei, a new innovative AI-driven learning tool for free education on Web3, blockchain, and crypto. To elevate the user learning experience, Binance Sensei aims to transform how users explore and interact with educational content, ensuring a more engaging process.

/retail

Techcombank and Personetics partner for AI-driven money management

Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has announced a new partnership with Personetics, the global leader in financial data-driven personalization and customer engagement for financial services, to introduce artificial intelligence (AI)-powered money management capabilities.

JPMorgan uses ChatGPT to analyse Fed speeches - Bloomberg.

/markets

JPMorgan uses ChatGPT to analyse Fed speeches - Bloomberg.

JPMorgan has built a ChatGPT-based language model to analyse Federal Reserve statements and speeches in an effort to sniff out potential trading signals.

/sustainable

ZestyAI launches risk analytics tech for severe convective storms

Today, ZestyAI, the leading provider of climate and property risk analytics solutions powered by Artificial Intelligence (AI), announced that severe convective storms have joined the growing list of perils addressed by the company’s risk analytics platform.

Klarna unveils AI-powered personalised shopping feed

/retail

Klarna unveils AI-powered personalised shopping feed

Klarna continues to broaden its scope beyond BNPL, unveiling an AI-powered shopping feed, a "personal shopper" and new selling tools for retailers and creators.

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