Artificial intelligence

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/regulation

MAS lays out ground rules for ethical AI competition

The Monetary Authority of Singapore (MAS) today announced the launch of the inaugural Global Veritas Cahllenge

CBA puts AI ethics at centre of Bill Sense

/retail

CBA puts AI ethics at centre of Bill Sense

Commonwealth Bank of Australia has used an AI ethics framework being developed by the country's government to help design a service that tells customers when their bill payments are due.

CIBC inks Microsoft Azure deal

/cloud

CIBC inks Microsoft Azure deal

The Canadian Imperial Bank of Commerce (CIBC) has agreed a multi-year deal to use Microsoft Azure as its primary cloud platform.

/cloud

AI users outperforming peers says survey

Unit4, a leader in enterprise cloud applications for people-centric organizations, today announced the findings of Finance, AI and the future of decision making, Unit4’s global survey of finance professionals.

/regulation

Mansfield Building Society taps Suade Labs for reg reporting

Award-winning RegTech firm Suade Labs, specialised in bridging the regulatory gap through modern technology, has recently added Mansfield Building Society to its client portfolio.

/retail

CrediLinq.ai chooses Validis to streamline SME lending

Validis, the provider of open accounting data analytics, announces its latest partnership with CrediLinq.ai, the soon-to-be-launched AI-powered SME lending platform.

/crime

Quantexa taps AI to turn the tables on criminals

Quantexa, the data and analytics software company pioneering Contextual Decision Intelligence, has today launched the latest version of its Contextual Monitoring and Investigations solution to set a new revolutionary standard in Financial Crime & Fraud detection and investigation.

/wealth

Marketware and AlphaTrAI partner for digital transformation service

Marketware International, a global enterprise offering customized retail product and solutions for financial institutions, and AlphaTrAI, an asset management firm that delivers alpha through transformative artificial intelligence, today announced a strategic partnership designed to help financial organizations fast-track their digital transformation in the areas of investment and asset allocations.

Crown Agents Bank launches biometric pension solution

/identity

Crown Agents Bank launches biometric pension solution

Crown Agents Bank has today launched a biometric authentication pension solution, EMpower Pensions, facilitating secure, end-to-end pensions management, as well as domestic and international pension payroll, from a single digital platform.

/payments

Use of smart POS terminals to grow by 156% in 5 years - research

A new study by Juniper Research has found that smart POS terminals globally in service, where analytics and loyalty can be integrated directly to the terminal, will increase from 13.7 million in 2021, to 35 million units in 2026.

/inclusion

Student finance fintech raises £1.1m in funding

StepEx has raised £1.1 million in pre-initial funding, with the venture studio BBVA Anthemis Venture Partnership being the lead investor.

/Artificial intelligence

Unesco agrees draft text for ethical AI

After months of constructive dialogue and negotiation, representatives from UNESCO’s member states have agreed on the draft text of an ambitious and wide-ranging new template for the ethical development and deployment of Artificial Intelligence.

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

/payments

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

/markets

Northern Trust lays foundation for a multi-year investment to digitize alternative asset servicing

Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitize alternative asset servicing and enhance the experience for asset owner clients that invest in complex private market and unlisted assets.

/markets

Symphony integrates Saphyre AI tech

Symphony- the leading financial markets’ infrastructure and technology platform, has established a strategic partnership with fintech firm Saphyre, Inc. to integrate patented AI technology into pre and post-trade workflows for front, middle and back office teams. The integrated solutions are available through Symphony's platform.

EBAday 2021: Modernisation, a catalyst for payments utopia

/payments

EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.

Bank execs predict branch model will be dead within 5 years

/cloud

Bank execs predict branch model will be dead within 5 years

With Covid-19 leading to an uptick in digital banking, nearly two thirds of industry executives from around the world think that the branch-based model will be dead within five years, according to an Economist Intelligence Unit survey.

SEB introduces data ethics policy

/regulation

SEB introduces data ethics policy

Swedish bank SEB has adopted an ethics policy for handling customer data and the use of artifical intelligence.

EBAday 2021: Payments transformation and the road to success

/payments

EBAday 2021: Payments transformation and the road to success

Finextra Research and the Euro Banking Association today welcomed the global banking community to EBAday 2021. Running from 28-30 June, the virtual conference is being led by some of the most influential leaders and practitioners in the financial services sector, and dives into the current and future trends of the European and international payments landscape – as well as the latest developments across digital banking, liquidity management, open banking, real-time payments, and more.

/wholesale

Taskize and Ezops join forces on counterparty resolution

Taskize the leading provider of inter-company workflow to the financial services industry, has entered into a partnership with EZOPS, the leading provider of AI-enabled data control, workflow automation, and regulatory reporting solutions, to deliver cross industry issue resolution services to their mutual clients without the risk of sharing critical & confidential data.

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