Latest Artificial intelligence News: Finextra Research

Swift Community Update: Focus on financial crime compliance

Tackling financial crime, and ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations remains one of the biggest overall challenges for the financial services community.

19 November 2020

Company update/Artificial intelligence

FinChatBot raises £1.2 million

FinChatBot, a creator of conversational AI solutions for the financial services industry, has attracted £1.2 million from Saviu Ventures, a French investment holding company which focuses on African startups; Mauritius-based Compass Venture Capital and leading South African venture capital firm Kalon Venture Partners.

17 November 2020

Company update/wealth

Avaloq brings data science and AI to bear on wealth management

Avaloq Insight is a real-time data science cloud platform providing wealth managers and financial advisers with advanced levels of analytics.

17 November 2020

News/wealth

BNP Paribas Asset Management launches market commentary service for Alexa

BNP Paribas Asset Management has launched a service that lets users access voice-activated market commentary and thought leadership through Amazon Alexa-enabled devices.

16 November 2020

News/retail

KBC puts virtual assistant at centre of new digital-first strategy

Belgian bank KBC says it is moving from an omnichannel to digital-first distribution model, putting a new AI-powered customer assistant at the centre of its strategy.

13 November 2020

News/security

BBVA puts more money into biometrics JV Veridas

BBVA and technology firm das-Nano are pumping EUR4 million into Veridas, the digital identity verification startup they created in 2017.

12 November 2020

Company update/people

Signzy hires Arun Rajkumar as vice president of technology

India’s leading No-Code AI Platform provider for financial services, Signzy today said that it has appointed Arun Rajkumar as its Vice President of Technology.

12 November 2020

Company update/Artificial intelligence

Smarsh acquires Digital Reasoning

Smarsh, enabling organizations to manage risk and uncover value within their electronic communications, announced the acquisition of Digital Reasoning, a global leader in natural language processing (NLP), artificial intelligence (AI), and machine learning (ML), at the 2020 FINRA Artificial Intelligence Virtual Conference.

10 November 2020

Company update/retail

AI boosting profits but not meeting customer expectations - report

While COVID-19 has catalysed financial services organizations to harness Artificial Intelligence (AI) to improve customer experience (CX), challenges in integration and customer perceptions are undermining its potential.

09 November 2020

Company update/Artificial intelligence

Upstart files for IPO

Upstart Holdings, Inc. (“Upstart”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

09 November 2020

News/retail

BMO launches AI-powered cashtrack tool

Bank of Montreal has added an AI-driven feature to its PFM platform that helps customers identify potential cash shortfalls.

06 November 2020

Research/Artificial intelligence

Digital Transformation Accelerated

06 November 2020 710 downloads

Company update/Artificial intelligence

Windward joins Surecomp marketplace

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the addition of another new fintech partner to its Marketplace platform.

05 November 2020

Company update/markets

Refintiv publishes AI/ML report

COVID -19 has accelerated an unprecedented level of technological change in financial markets and it has ushered scaled Artificial Intelligence (AI)/Machine Learning (ML) as the new normal in financial services in 2020.

03 November 2020

Company update/Artificial intelligence

Collector robot helps VTB clients restructure loans

Since November, VTB has been updating the functionality of the "collector robot", which collects overdue debt.

02 November 2020

News/cloud

Personalisation and customisation with data in the banking and payments industry

As customers increasingly experience more consistent, personalised treatment from companies across a wide variety of industries, it is natural for them to expect—and require—the same of financial services providers.

30 October 2020

News/security

Mastercard taps AI to help banks fight off cyber risks

Mastercard has unveiled an AI-powered suite of tools designed to help banks assess cyber risks across their ecosystem and prevent breaches.

30 October 2020

Company update/wealth

CWPW launches with mission to 'change the face of wealth'

City Wharf Private Wealth, a new modern UK wealth management firm backed by St. James’s Place, launches with a mission to ‘change the face of wealth’ management.

30 October 2020