3153 articles tagged with this keyword
News/retail
The Consumer Financial Protection Bureau (CFPB) is monitoring banks' increasing use of AI-powered chatbots amid a surge of complaints from frustrated customers trying to receive straightforward answers from their financial institutions or raise a concern or dispute .
08 June 2023
News/startups
AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.
News/devops
At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.
07 June 2023
Company update/markets
Broadridge Financial Solutions Inc.’s subsidiary, LTX, introduces BondGPT, an innovative bond-assisting application developed with OpenAI GPT-4.
News/crime
Lucinity has launched a generative AI-powered 'copilot' designed to boost the productivity of financial crime compliance teams.
Company update/wholesale
SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announces the latest version of SmartStream Air – with new AI functionality to onboard cash balances faster and more accurately, whilst further improving cash reconciliations.
06 June 2023
Israeli digital bank One Zero is to introduce a generative AI chatbot capable of providing immediate replies to free-flowing customer queries.
Italian banking group Sella has launched an international incubation programme dedicated to startups focused on AI in finance.
Company update/security
SmartMetric, Inc. (OTC: SMME) While the company is close to releasing its advanced premium fingerprint biometric activated credit card the company’s engineers are now working on adding embedded AI into the card’s electronics.
05 June 2023
News/regulation
The Japanese privacy watchdog, Personal Information Protection Commission, has sent a warning to OpenAI over the collection of sensitive data without individual’s permission.
02 June 2023
News/payments
Earlier this week, the European Union and the United States announced they expect to draft a voluntary code of conduct on artificial intelligence in the coming weeks, with the hope that other democratic nations would sign on to the code.
Company update/startups
The Monetary Authority of Singapore (MAS) and Elevandi today announced the theme of the Singapore FinTech Festival (SFF) 2023 – ‘Applications of Artificial Intelligence (AI) in Financial Services’.
01 June 2023
Company update/retail
Simplifai, an AI automation solutions provider, today launches Simplifai InsuranceGPT – a world-first custom-built GPT tool, fuelled by the company’s revolutionary no-code AI-powered platform.
Conversational AI chatbot developer Kasisto has launched KAI-GPT, the world’s first banking-specific large language model (LLM).
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
31 May 2023
News/cloud
The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.
UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.
30 May 2023
News/people
BNY Mellon is to invest €8 million in the creation of a digital R&D hub in Dublin that will drive innovation in AI and data analytics for the US bank's global client base.
News/crypto
Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.
26 May 2023
G7 national officials will meet in Japan on the 30th May to discuss challenges posed by generative AI tools like ChatGPT.
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