Latest Artificial intelligence News: Finextra Research

Company update/retail

GTreasury unveils AI tool to improve cash forecasting

GTreasury, a treasury and risk management platform provider, today announced the release of SmartPredictions™, which improves cash forecasting accuracy by applying artificial intelligence to short- and long-term treasury data.

31 August 2020

News/payments

Mastercard targets touchless economy

As merchants adapt to the Covid-19 world, Mastercard has unveiled AI-powered technology designed to enable touchless shopping.

28 August 2020

News/retail

BBVA builds gender-neutral global chatbot

BBVA has kicked against the trend to assign female voices to artificial intelligence assistants with the launch of Blue, a gender-neutral chatbot trained to answer customer's everyday banking queries.

28 August 2020

News/regulation

ECB cautions against the power of Big Tech in financial services and cloud provision

The European Central Bank has bemoaned the absence of an EU challenger capable of taking on the might of Big Tech cloud providers from the US.

27 August 2020

News/payments

Visa uses AI to reduce declined transactions during service outages

Visa is using real-time AI to help financial institutions manage transaction authorisations during service outages and disruptions.

26 August 2020

News/retail

GBG leads $7 million investment in alternative scoring specialist CredoLab

Identity data specialist GBG has led a $7 million funding round in Singapore's CredoLab.

20 August 2020

Company update/crime

Nice Actimize unveils AI cloud-native financial crime platform

NICE Actimize (Nasdaq: NICE) today announced the launch of its newest platform, NICE Actimize Xceed, which integrates best-in-class AI, data intelligence, behavioral analytics, and insights within a unified cloud platform designed to bring agility to financial institutions of all sizes, including community and regional banks, that are looking to modernize their financial crime risk management solutions.

20 August 2020

Company update/startups

Oz AI gurus have chance to shine as QLD AI Labs launches first business challenge with Heritage Bank

Artificial Intelligence (AI) gurus across regional Queensland are getting their chance to shine, thanks to a four-week problem solving challenge being launched this month by QLD AI Labs in partnership with Heritage Bank.

18 August 2020

News/cloud

DBS uses gamified learning to give staffers AI skills

Singaporean bank DBS has joined forces with AWS to boost the AI and machine learning skills of thousands of staffers through a gamified learning programme that will see participants develop their own autonomous model race cars.

17 August 2020

Company update/startups

Fintech cred.ai emerges from stealth

Today, cred.ai, a Philadelphia-based fintech company, introduced a new kind of consumer spending product that leverages proprietary technology to give users first-of-their-kind controls, convenience, and automatic credit score optimization.

13 August 2020

Company update/Artificial intelligence

Australian fintech Effi releases SMS campaign bot for mortgage brokers

Financial technology firm Effi has announced its latest game-changer for Australia's mortgage brokers with the launch of a new tool that will dramatically reduce lead conversion times and streamline interactions with customers.

12 August 2020

News/retail

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

News/regulation

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