Artificial intelligence

2999 articles tagged with this keyword

/retail

SoFi and Pagaya team up

Pagaya Technologies Ltd. (“Pagaya”), a financial technology company that enables financial institutions to expand access to more customers through its artificial intelligence network, today announced its new partnership with SoFi, the digital personal finance company.

/wealth

Quay Global Investors goes live with Indata

Indata®, a leading industry provider of software, technology and managed services for buy-side firms, today announced that Quay Global Investors is live with INDATA’s Architect AI OMS and Portfolio Management solution.

/retail

Wiserfunding partners CrediLinq.Ai on SME credit underwriting in Asia

London-based Wiserfunding, a leading provider of credit risk assessment for SME lenders, today announced a strategic partnership with CrediLinq.Ai, a Singapore-based, fully integrated AI credit platform, disrupting SME credit underwriting in Southeast Asia.

/retail

Plum rakes in $14m of new funding

Money management app Plum has sealed $14m of an expected $24m series A funding round.

/wholesale

RPA Supervisor raises $5 million to police the robot workforce

The first automated RPA management platform, RPA Supervisor has raised $5m in a Seed round led by MMC Ventures.

/retail

Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

/Sibos

Sibos 2021: Swift, Deutsche Bank, Société Générale and C3.AI to collaborate on AI platform

On day two of Sibos 2021, representatives from Swift, Deutsche Bank, Société Générale and C3.AI took to the virtual stage to explore how collaboration and establishing a community between banks can support the deployment of artificial intelligence (AI) at scale.

/regulation

Broadridge releases AI-powered AML package

To better serve clients and the financial services industry, Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the launch of the Broadridge Anti-Money Laundering Solution (AMLS), bringing new, leading edge capabilities to Broadridge’s existing Intelligent Automation suite.

/Sibos

Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

/payments

CommBank implements AI tool to root out abusive messages in transaction fields

Commonwealth Bank of Australia is implementing artificial intelligence technology and machine learning techniques to detect serial abusive behaviour in transaction descriptions within the CommBank App and Netbank.

/people

Pagaya names JPMorgan's Leslie Gillin chief growth officer

Pagaya Technologies Ltd. (“Pagaya”), a financial technology company that enables financial institutions to expand access to more customers through its partnerships and artificial intelligence network, today announced the appointment of Leslie Gillin, former President of Chase Co-Brand Cards, CMO of Citi's Global Consumer Bank and, most recently, CMO of JPMorgan Chase & Co., as its Chief Growth Officer.

/markets

LSEG Labs publishes AI/ML report

LSEG Labs launched the findings of its third annual artificial intelligence and machine learning (AI/ML) report (attached), which explores the current market landscape for AI/ML and how rapid acceleration in data literacy, resulting from the Covid-19 shock, is really just a glimpse of what’s yet to come.

/regulation

EBF calls for regulatory clarity over proposed EU-level AI rules

The European Banking Federation (EBF) welcomes the opportunity to comment on the European Commission’s proposal for a Regulation laying down harmonized rules on Artificial Intelligence (AI Act).

/predictions

Over 100,000 banking jobs to disappear in next five years - Wells Fargo

Analysts at Wells Fargo predict that over 100,000 banking jobs could be displaced by technology over the next five years.

/cloud

Scotiabank taps Google Cloud for more personalised services

Scotiabank is moving customer data onto Google Cloud and tapping the firm's data analytics and AI technology in a move the Canadian bank hopes will lead to more personalised and predictive services.

/wholesale

Wall Street giants invest in AI search engine for companies AlphaSense

AlphaSense, an AI-based market intelligence platform used by a host of financial institutions, has raised $180 million in a Series C funding round co-led by Goldman Sachs and joined by Citi, Morgan Stanley and Barclays.

/regulation

EU committee calls for all-out ban on the use of social scoring for lending decisions

In two reports on draft EU legislation on artificial intelligence, the European Economic and Social Committee (EESC) calls for an all-out ban on social scoring in the EU and for a complaint and redress mechanism for people who have suffered harm from an AI system.

/Artificial intelligence

Altada scoops $11.5 million funding round

Altada Technology Solutions (“Altada” or “the Company”), a global artificial intelligence (AI) platform solution provider which creates operational efficiencies for clients by leveraging cutting edge AI to unlock value in data, announced today a USD $11.5 million funding round led by Rocktop Partners alongside Elkstone Partners and Enterprise Ireland.

/devops

DBS hunts for top tech talent via hack2Hire programme

DBS is to recruit 150 of Singapore’s top technology talent to bolster its AI and blockchain capabilities via its hack2Hire programme.