Latest Artificial intelligence News: Finextra Research

Squirro signs European Central Bank; sets sights on US with open.exchange acquisition

Follwing landmark deals with the Bank of England and German Bundesbank, Squirro has unveiled the European Central Bank as the latest client for its augmented intelligence toolkit.

24 February 2022

News/identity

TSB overhauls onboarding with Onfido’s biometric facial recognition

TSB has shaved 20 minutes off its onboarding journey to allow accounts to be opened in just 10 minutes. Further, mobile functionality has been updated so only eight scrolls are needed to sign up on a mobile device, compared to 60 scrolls on the website.

24 February 2022

News/cloud

US Bank picks Microsoft Azure for cloud migration

US Bank says it is making a "substantial" investment in modernising its technology foundation by choosing Microsoft Azure as its primary cloud provider for its applications.

24 February 2022

News/startups

ING Labs spinout raises $16m for AI-powered search engine software

ING Labs spin-out startup SeMI Technologies has raised $16 million for its open-source Weaviate vector-search database.

23 February 2022

Company update/retail

SambaNova launches GPT-powered AI purpose-built for financial services industry

SambaNova Systems, the company delivering the industry’s only comprehensive software, hardware, and solutions platform to run AI and Deep Learning applications, announces SambaNova GPT Banking, the first solution purpose-built for the financial services industry, enabling banks to create clear market separation in AI by jump-starting their deep learning language capabilities in weeks, not years.

23 February 2022

Company update/crime

IHS Markit and TradeSun partner to use data and AI to combat crime in trade

IHS Markit, a world leader in critical information, analytics and solutions, and TradeSun, a provider of cutting-edge trade compliance solutions, have announced a strategic partnership to offer an all-in-one integrated trade solution that enhances financial crime due diligence and advances digitization of the overall compliance process.

23 February 2022

News/retail

VTB trials voice assistant that can predict client demands

Russia's VTB is anticipating a 30% uplift in call centre automation following the introduction of a voice assistant that can anticipate client demands.

21 February 2022

News/regulation

UK regulators publish AI report

The Bank of England and Financial Conduct Authority have concluded a year-long investigation into the role of data, model risk and governance in the use of AI in financial services.

18 February 2022

Company update/security

Justt launches chargeback intelligence tool

Justt, a chargeback mitigation pioneer, today announced the launch of Optimus, a powerful new chargeback intelligence solution.

17 February 2022

Company update/retail

App Annie rebrands as data.ai

App Annie has changed its name to data.ai, establishing a big enterprise market opportunity: "Unified Data AI".

16 February 2022

Company update/retail

Scienaptic AI signs up Rocket Financial

Leading global AI-powered credit decision platform provider, Scienaptic AI announced today that Rocket Financial Inc. has selected its platform to launch its new product RocketBNK.

15 February 2022

Company update/retail

Northern Credit Union goes live with Scienaptic AI platform

Leading global AI-powered credit decision platform provider, Scienaptic AI announced that deployment of its platform at Northern Credit Union is now live.

14 February 2022

News/startups

Sardine raises $19.5m to help fintechs fight fraud

Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $19.5 million in a Series A funding round.

11 February 2022

Company update/retail

IBM and TD Securities collaborate on use of AI in precious metals biz

Investors looking to diversify their portfolios and coin collectors looking to add a new treasure to their collection are familiar with the benefits and value that precious metals can offer.

09 February 2022

Company update/markets

Refinitiv launches market data-powered AI assistant in Microsoft Teams

Refinitiv, an LSEG business, today announced the launch of Refinitiv AI Alerts, a market-data powered intelligent assistant available in Microsoft Teams.

09 February 2022

Company update/markets

Accern to combine no-code AI suite with LPA consulting expertise

Accern, the leading no-code artificial intelligence (AI) platform for financial services, announced today a new strategic partnership with LPA, the software and consulting firm focused on technology for the capital markets.

08 February 2022

Company update/markets

Pico launches Corvil e-trading data warehouse

Pico, a leading provider of mission critical technology, software, data and analytic services for the financial markets community, continues to enhance the capabilities of its market-leading Corvil Analytics product suite [1], with the launch of Corvil Electronic Trading Data Warehouse.

08 February 2022

News/sustainable

Banco Sabadell invests in climate tech startup

Banco Sabadell's BSTartup Green programme has joined a $1.1 million funding round for climate tech startup Wegaw.

08 February 2022

News/regulation

Singapore builds software toolkit to help FIs use AI responsibly

The Monetary Authority of Singapore and a host of industry players have released an open-source toolkit to help financial institutions use artificial intelligence ethically and responsibly.

07 February 2022

Research/Artificial intelligence

The Future of Regulation 2022

07 February 2022 1113 downloads