Artificial intelligence

News/payments

CBA to release AI source code for countering abusive transaction messages

Commonwealth Bank of Australia is to make its artificial intelligence and machine learning techniques for countering abusive transaction messages available for free, to any bank in the world.

14 November 2023

Finextra TV/regulation

Regulatory challenges with AI require a collaborative response

Jo Ann Barefoot, Founder & Chief Executive Officer of Alliance for Innovative Regulation (AIR), discusses the challenges presented by rapidly evolving AI in the global banking landscape and examines the pace of regulatory response. In the lead up to Singapore Fintech Festival 2023, the discussion covers ethical AI innovation, the risks associated with fraud and bias, and the potential role of AI assistants in consumer protection. Jo emphasizes the importance of regulators adopting cloud technology and AI, highlighting the significance of collaborative efforts among stakeholders to navigate the intricacies of AI in banking.

10 November 2023

News/retail

IBM on how banks are starting to embrace generative AI

Earlier this week, NatWest announced its collaboration with IBM to add generative AI to their chatbot Cora, making it Cora+.

10 November 2023

News/startups

Stripe vets launch AI-powered wealth management platform

Technology veterans with stints at Stripe and Square on their CVs have raised $3.1 million for a new AI-powered wealth management platform.

10 November 2023

Finextra TV/people

Top skills & talent priorities in the age of AI

Ahead of hosting this year's SME day on Singapore Fintech Festival’s Talent Stage, Tram Anh Nguyen, Co-founder for the Centre for Finance, Technology and Entrepreneurship (CFTE), discusses the importance of skill adaptation and financial literacy. We explore the significance of upskilling in light of AI's impact on jobs and organisations, how industry leaders are meeting the challenges around talent recruitment and budget constraints, and ask what role partnerships play in Singapore’s talent and upskilling initiatives going forward.

09 November 2023

News/payments

Visa launches AI advisory practice

Visa has launched an advisory practice to help clients unlock the potential of artificial intelligence.

09 November 2023

Finextra TV/sustainable

How do AI technologies use data to enhance sustainable decision making?

Dr Darian McBain, Chief Executive Officer of Outsourced Chief Sustainability Officer Asia, discusses the crucial role of data management in addressing climate risk ahead of Singapore Fintech Festival 2023. With AI-driven advancements such as ClimateBert and ChatClimate already in use, we explore how AI can facilitate transition planning, rapidly adapt to new regulations and global practices, enhance data-driven decision-making on a global scale, and engage individuals at a personal level to reach the next milestone in the journey to Net Zero.

08 November 2023

Research/Artificial intelligenceWhite Paper

UK Open Banking API Performance 2022-2023

07 November 2023 651 downloads

Finextra TV/markets

How investing in partner ecosystems and generative AI technologies puts real-time client needs first

Wissam Khoury, EVP of Treasury and Capital Markets at Finastra, discusses how Finastra's approach to delivering end-to-end solutions meets client banks' demands for increased efficiency and cost reduction, especially in an increasingly uncertain market. Emphasising the value of returning the power of innovation to clients through cloud-based technologies, extensive partner ecosystems and Gen AI, Wissam analyses the approach of leveraging open APIs and third-party solutions to ensure long-term sustainable growth for clients and communities.

06 November 2023

News/retail

NatWest gives chatbot Cora a human feel with generative AI

NatWest is adding generative AI capabilities to its chatbot Cora, giving the intelligent digital assistant a more human-like conversational interface with customers.

06 November 2023

News/devops

Musk and Sunak talk AI regulation at the UK’s AI Safety Summit

Towards the end of the UK’s AI Safety Summit taking place this week, Prime Minister Rishi Sunak and tech tycoon Elon Musk sat down for a conversation on artificial intelligence (AI).

03 November 2023

Research/Artificial intelligenceWhite Paper

How can the future state of information technology combat fraud and money laundering?

02 November 2023 394 downloads

Long read/Artificial intelligence

Scott Hamilton Contributing Editor at Finextra Research

Why Biden’s Executive Order on AI signals increased scrutiny on AI policy, business and regulation

01 November 2023