Artificial intelligence

2999 articles tagged with this keyword

/startups

Mastercard invests in card tech startup Deserve

Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology, has raised $50 million in a Series D funding round joint-led by Mastercard.

/regulation

Hawk AI plots global expansion on $10 million fund raise

Germany's Hawk AI has raised $10 million in a Series A round led by BlackFin Capital Partners to finance global expansion for its AI-based AML platform.

/retail

UK shoppers struggle to be understood by chatbots

Lucidworks, provider of the Connected Experience Cloud, shared results from a survey of 800 respondents about shopper behaviour and preferences in the U.K. and U.S.

/retail

Isbank installs H2O.ai for income and default prediction, and cash forecasting

H2O.ai, a leading AI technology software company, has announced that İşbank, officially Türkiye İş Bankası, the largest private bank in Turkey, has selected H2O’s Driverless AI platform to upgrade its Income Prediction, Cash Forecasting and Check Default Prediction applications, to improve the accuracy of the bank’s business planning with on-going AI projects.

/startups

Retailer finance startup Myos raises $30 million

Myos, a fintech company that provides working capital solutions for online retailers, raises $30M in Series A funding led by Fasanara Capital and Xploration Capital, both funds with deep expertise in digital lending.

/retail

TrueLayer releases Verification API for speedy onboarding

TrueLayer, Europe’s leading open banking platform, today announced the launch of a new approach to account ownership checks with its Verification API.

/retail

Scotiabank brings machine learning to chatbot

Scotiabank is bringing machine learning to its search function, prepping a chatbot that will be able to instantly answer complicated customer questions.

/regulation

AML regulations driving up compliance costs across UK

A new report by LexisNexis Risk Solutions has found that increased AML regulations, more so than criminal threats, are intensifying compliance costs for UK financial institutions.

/markets

Deutsche Bank releases paper on post-trade AI

The wishes of investors keen to avoid settlement failure penalties and cookie-cutter services from their custodian banks are set to be granted by artificial intelligence (AI) solutions, according to Deutsche Bank’s new whitepaper, “Unleashing the potential of AI in securities services”.

/security

VTB releases AI-based platform for protecting customer data

VTB has implemented a depersonalization platform based on Machine Learning (ML) algorithms.

/startups

Expend smashes crowdfunding target

Expend, the AI-powered fintech startup changing the way businesses manage expenses and spending, has announced a great start to its crowdfunding campaign on Seedrs.

/startups

Universal shopping app nate raises $38m

Nate, an AI-based online shopping tool that centralises buys onto a single platform, has raised $38 million in a series A funding round led by Renegade Partners.

/regulation

FIS collaborates with C3 on AI-driven AML Compliance Hub

Financial technology leader FIS (NYSE: FIS) today announced the first in a new series of solutions developed in partnership with C3 AI (NYSE: AI) to help capital markets firms tap into the power of their organizational data to increase efficiency and better manage regulatory compliance and risk.

/markets

Horizon Software to launch chatbots with Terranoha AI

Horizon Software, a leading provider of electronic trading solutions and algorithmic technology, announce today their partnership with Terranoha, a unique AI platform, to integrate Robotic Process Automation (RPA) solutions into its financial system in order to digitize and automate communication to clients and accelerate digital transformation.

/security

Switzerland’s PostFinance selects FICO Falcon to protect three million debit cards

Analytics software firm FICO today announced that Switzerland’s PostFinance will protect nearly 3 million debit cards with the FICO Falcon Platform, the world’s leading AI-powered payments card protection system.

/regulation

BaFin sets out supervisory principles for Big Data and AI

On 15 June 2021, BaFin published supervisory principles for the use of algorithms in decision-making processes by financial institutions.

/retail

Finn AI adds three new chatbot service levels

Finn AI, the leading provider of conversational AI for banks, today announces three new chatbot service Levels, each built on the same AI foundation, designed to let banks and credit unions choose an optimal path for delivering AI enhanced experiences to their customers and members.

/security

Stripe launches ID verification tool; sees strong investor interest

Stripe continues to expand beyond payments, launching a tool that help internet businesses securely verify the identities of their users from over 30 countries.