Latest Artificial intelligence News: Finextra Research

Axis Bank rolls out AI-powered voice assistant

India's Axis Bank has launched an AI-powered automated voice assistant to help answer customer queries.

11 August 2020

Regtech kompany raises €6 million

Business verification and KYC regtech kompany has raised almost €6 million in a funding round led by Fairway Global Investment together with Global Brain.

05 August 2020

News/retail

Standard Chartered partners Truera to combat bias in AI

Standard Chartered is teaming up with US outfit Truera to help tackle unjust bias in AI-assisted decision making.

05 August 2020

News/regulation

Machine learning: foe and friend for market surveillance

The rise of machine learning in trading is posing new challenges for market surveillance, but the technology could also be a useful tool for identifying abuse risks, according to a report from the FICC Markets Standards Board (FMSB).

04 August 2020

News/retail

Metro taps Wipro for IT transformation

The UK's Metro Bank has inked a multi-year contract with Indian IT services giant Wipro to deliver and transform testing and environment management services.

31 July 2020

Company update/people

Indian B2B fintech Signzy embarks on hiring spree

Leading B2B fintech startup Signzy today said that it will be hiring close to 70 employees over the next six months to cater to the growing demand for its services, in the wake of the ongoing COVID-19 pandemic.

30 July 2020

Company update/wealth

Agora picks Pascal to boost wealthtech offering

Agora Dealer Services, a digital-oriented Carrying Dealer focused on supporting mutual fund dealers and independent advisors, and Pascal Financial, an emerging fintech leader with Canada’s only fully integrated, AI-powered wealth management platform with active behavioural finance, announced today that they are collaborating to create a stronger and more robust wealthtech solution for MFDA dealers and advisors.

29 July 2020

Company update/payments

Curve recruits Onfido for customer onboarding

Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, has today announced it has partnered with Onfido, the global identity verification and authentication company, to speed up, simplify, and unify its Digital Identity and Know Your Customer (KYC) processes.

29 July 2020

News/cloud

Mastercard partners Microsoft to push digital commerce innovation

Mastercard's research and development arm is teaming up with Microsoft to harness the power of the cloud to drive digital commerce, startup innovation and financial inclusion.

28 July 2020

News/regulation

ComplyAdvantage raises $50m for financial crime platform

AI-based financial crime detection startup ComplyAdvantage has closed a $50 million Series C funding round to fuel its international expansion plans.

28 July 2020

Company update/regulation

UK consortium launches AI platform for regtech data

A new cross-sector consortium of major businesses and universities is set to provide the key to the suffocating challenge of data access for regulated industries through a Responsible AI powered industry-agnostic platform; the AIR Platform.

28 July 2020

Company update/wholesale

Temenos using AI for fund administration

Temenos (SIX: TEMN), the banking software company, today announced that it’s the first to launch a SaaS Explainable AI (XAI) model to help fund administrators, insurers and asset managers and custodians improve operational efficiency by leveraging static and transactional data patterns, coupled with human judgement and expertise.

28 July 2020

News/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.

27 July 2020

Company update/regulation

Wolters Kluwer rolls out AI-based sidekick to regulatory reporting platform

Wolters Kluwer Compliance Solutions has introduced OneSumX® ProViso, an AI-based solution that leverages Wolters Kluwer regulatory expertise, content and technology to help financial institutions develop, maintain and prove compliance with their legal obligations to U.S. federal and state regulators.

24 July 2020

News/markets

Citi HK uses bot technology to give clients real-time trade status reports

Citi is using bot technology in Hong Kong to offer its Securities Services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to be able to activate stock borrowing if needed.

24 July 2020

News/retail

YES Bank deploys AI robot to interact with customers on WhatsApp

India's YES Bank has launched banking service on WhatsApp, using a chatbot interface to offer over 60 financial products over the messaging app.

24 July 2020

Company update/cloud

MSCI forges allaince with Microsoft

MSCI Inc. (NYSE: MSCI) and Microsoft Corp. have formed a strategic alliance to accelerate innovation among the global investment industry.

24 July 2020

Company update/markets

Sesamm sentiment and emotion data now accessible via Bloomberg

SESAMm disclosed today that its unique sentiment and emotion data on thousands of financial assets is now accessible to the financial industry through the Bloomberg Enterprise Access Point.

24 July 2020

News/cloud

RBC moves AI unit to new private cloud platform

Royal Bank of Canada has moved applications under development at its artificial intelligence research unit Borealis AI to a high-performance private cloud infrastructure with support from Red Hat and Nvidia.

24 July 2020

News/security

HSBC and ABN Amro Ventures join $64.7 million round in Quantexa

Financial crime fighting platform Quantexa has raised $64.7 million in funding with support from HSBC and ABN Amro Ventures.

23 July 2020