Latest Artificial intelligence News: Finextra Research

UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

21 July 2022

News/wholesale

Banks choosing to build and not buy tech, suggests survey

Corporates' demands for digital services are leading a majority of corporate banks to look in-house when building their technology stack, according to recently published research.

20 July 2022

News/regulation

UK proposes new AI rulebook

The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.

20 July 2022

News/startups

FairPlay raises $10m to tackle bias in lending

FairPlay, a startup using AI fairness techniques to reduce algorithmic bias in lending, has raised $10 million in Series A funding.

20 July 2022

Company update/cloud

EXL, Oliver Wyman and Corridor Platforms launch real-time risk decisioning tech for FIs

EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions, Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, a premier global management consultancy, today announced a joint venture to develop a risk decisioning-as-a-service solution for financial institutions.

19 July 2022

Company update/people

Tractable appoints chief science officer to head AI research

Tractable today announces the hire of a new Chief Science Officer, Mohan Mahadevan, to lead the company’s artificial intelligence (AI) development and research.

15 July 2022

Company update/crime

Lucinity secures $17 million to fight financial crime

Lucinity today announced the closing of a $17 million Series B investment round, led by Keen Venture Partners and joined by Experian and its major existing investors, Crowberry Capital, Karma Ventures, and byFounders.

07 July 2022

Company update/startups

WiseWorks AI raises $1.2m

WiseWorks AI, the communications intelligence platform, has secured a $1.2m investment to build a one-stop solution for financial institutions to analyse surging virtual communications for compliance and to automate everyday tasks.

07 July 2022

Company update/people

Ambarish Ojha named EVP of customer engagement for actyv.ai

actyv.ai, the AI-powered Enterprise SaaS start-up embedded with B2B BNPL, today announced executive leadership appointments to further boost the company’s growth strategy. Ambarish Ojha, a seasoned veteran from the Enterprise software and SaaS industry, has joined as EVP Customer Engagement.

06 July 2022

News/devops

Ant Group open sources privacy software

Chinese fintech behemoth Ant Group has made its "privacy-preserving Computation Framework" open source.

05 July 2022

Company update/sustainable

Squirro and radicant bring AI to ESG decisions with new partnership

radicant, the first sustainable, digital and collaborative internet-based financial services company which is aligned with the UN's 17 Sustainable Development Goals, is working closely with Squirro. The integration of technology enables radicant to automate decision-making processes and improve customer understanding and service quality.

05 July 2022

News/security

CBA boosts AI tech for scam protection

The Commonwealth Bank of Australia (CBA) is boosting AI technology across its digital banking platforms in efforts to stamp out “disturbing” scams targeting their customers.

04 July 2022

Company update/devops

AIOps provider ScienceLogic expands to South Africa

ScienceLogic, a leader in AIOps and other hybrid cloud IT management solutions, announced today the expansion of its global footprint to South Africa. The move follows a sharp rise in market demand for comprehensive managed services as organisations adopt AIOps to deliver better digital experiences for employees, remote operations teams, and customers undergoing large-scale digital transformation.

04 July 2022

News/devops

HP and NVIDIA release ‘unique’ fintech sitcom

Hewlett Packard Enterprise (HPE) and NVIDIA, have released the first episode of their unique fintech comedy mini-series, Get Ahead.

01 July 2022

News/people

Lloyds seeks head of data ethics

Lloyds Banking Group is advertising for its first group head of data ethics to help it navigate the complexities around the ever-growing use of data and AI.

01 July 2022

Company update/payments

Chargebacks911 adopts AI to boost dispute resolution system three-fold

Chargebacks911, the leading dispute technology specialist that powers chargeback remediation for the largest global eCommerce businesses, as well as the world's financial institutions, today celebrates a 3x boost to its automated dispute response platform.

30 June 2022

News/startups

Debt resolution startup Ophelos raises £5m

Debt resolution technology firm Ophelos has raised £5 million in a seed funding round led by AlbionVC.

29 June 2022

News/startups

Kasheesh unveils platform to split online payments across multiple cards

US startup Kasheesh has launched a free digital platform that lets users split payments for online purchases across multiple credit, debit and gift cards.

23 June 2022

Company update/retail

Glia buys Finn AI

Glia, the leading provider of Digital Customer Service, has acquired Finn AI, the premier AI-powered chatbot platform for banks and credit unions.

23 June 2022

Company update/markets

Clearstream automates collateral management with AI tool

Clearstream takes the next step in automating collateral management by launching OSCAR (Own Selection Criteria with Automated Reasoning), the first collateral management tool in the market uniquely combining several artificial intelligence (AI) techniques including knowledge representation and reasoning (KRR), machine learning (ML) and (structured) natural language processing (NLP).

22 June 2022