Artificial intelligence

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Transforming Banking with Artificial Intelligence

/payments

Transforming Banking with Artificial Intelligence

Richard Kalas, Client Solutions Director Retail Banking, GFT, and Simon Thompson, Head of AI, ML and Data Science, GFT, join FinextraTV to discuss the key findings from their latest Banking Disruption Index; examining banks' use of AI, address customer apprehensions, and predict how the use of AI in banking is expected to evolve over the next 5 years.

/payments

Chipper Cash Launches AI Verification Suite Chipper ID

Chipper Cash, a financial services company serving over five million customers, has launched Chipper ID, an AI-powered suite of verification services, tailored to solving industry-wide customer onboarding and compliance issues in the African market.

/payments

FinMont incorporates AI solution for travel payments

Global payment orchestration platform, FinMont, is utilising advanced AI to optimise travel payments by determining the optimal payment route and payment method.

Infosys announces $1.5 billion deal to level up on AI

/devops

Infosys announces $1.5 billion deal to level up on AI

Indian IT services provider Infosys announced that it has signed a $1.5 billion contract with an unnamed ‘global company’ for a 15 year period.

/people

Aperture welcomes David Galbraith as partner

Aperture, the Geneva-based operational venture capital firm specializing in Embedded Finance and Enterprise Applied AI, is proud to announce the appointment of David Galbraith as Partner.

/sustainable

ESG1 and GMEX ZERO13 to trade tokenised industrial carbon offsets

ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and ESG1, a subsidiary of GuildOne providing innovative digital assets and ESG solutions built on R3’s Corda, have announced a landmark collaboration that will create an automated digital pipeline for North American industrial carbon offsets to reach high-demand markets in Europe and the Middle East. ESG1’s V10N digital measurement, reporting, verification, and tokenization (MRVT) platform is integrating with GMEX’s ZERO13 trading hub to provide large-scale, high-integrity credits generated by disruptive emissions removal technologies.

UK banks ditch the Metaverse

/sustainable

UK banks ditch the Metaverse

The number of UK banks investing in technologies such as virtual reality and augmented reality is falling as the Metaverse hype fades away.

/regulation

TaxBit unveils AI-enabled rules engine for crypto accounting

TaxBit, the premier end-to-end modern tax and accounting solution for the digital economy, announced its AI-enabled rules engine to empower businesses dealing with cryptocurrencies to streamline their accounting processes.

Ant Group launches AI model for financial apps

/retail

Ant Group launches AI model for financial apps

Ant Group announced that it has begun consumer and professional app testing for a finance-specific artificial intelligence (AI) model at the Inclusion Conference on the Bund in Shanghai this week.

/markets

SmartTrade blends AI and human decision-making for smart Copilot

SmartTrade, a global leader in the financial technology domain, front office payments and trading software, announces the launch of smart Copilot.

/markets

EToro teams with generative AI company Birdgewise on stock picking

eToro, the trading and investing platform, has partnered with Bridgewise, a generative AI company for stock analysis to launch ‘Fundamental-AI’, a portfolio that offers eToro users exposure to companies set to outperform their industry peers.

Temenos rolls out first generative AI tool

/retail

Temenos rolls out first generative AI tool

Swiss core banking provider Temenos has developed a generative AI tool for automatically classifying customer banking transactions, helping clients to provide personalised inisghts and recommendations.

Financial crime detection outfit ThetaRay raises $57m

/crime

Financial crime detection outfit ThetaRay raises $57m

ThetaRay, the Isralei fintech that enables banks to monitor payment traffic to sniff out money laundering risks, has completed a $57 million fundraising round.

/crypto

Bybit's TradeGPT creates AI-powered trading assistant

Bybit, one of the world’s most trusted crypto exchanges, is proud to announce the launch of TradeGPT, its AI-powered education tool.

Power your banking value chain with AI/ML at scale

/Artificial intelligence

Power your banking value chain with AI/ML at scale

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Google DeepMind co-founder argues US should set AI global standards - FT

/regulation

Google DeepMind co-founder argues US should set AI global standards - FT

Mustafa Suleyman, Google DeepMind's co-founder and chief executive of Inflection AI, told the Financial Times that the US should use their chip leadership to enforce minimum global standards for the use of AI.

/wholesale

Surecomp turns to Pelican AI to streamline trade documenation

Surecomp today announced that it is partnering with Pelican AI, a global provider of AI-powered financial crime and compliance solutions, as part of a collaborative vision to drive the digital transformation of trade-based risk management.

Half of Klarna employees using ChatGPT Enterprise

/payments

Half of Klarna employees using ChatGPT Enterprise

Klarna has become an early adopter of the enterprise version of Open AI's ChatGPT, with half of the BNPL giant's workforce now using the technology.

MSCI expands Google partnership to explore AI services

/wealth

MSCI expands Google partnership to explore AI services

Benchmark provider MSCI has extended its partnership with Google Cloud in order to accelerate its development of generative AI services for the investment industry.

FNA awarded University of Cambridge grant to develop market monitoring tool

/regulation

FNA awarded University of Cambridge grant to develop market monitoring tool

Network analytics and simulation firm FNA has been awarded $100,000 as part of the University of Cambridge’s SupTech Launchpad competition, to develop a working prototype of a tool for financial market monitoring via social media and web extraction.

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