Latest Artificial intelligence News: Finextra Research

Company update/startups

CommerzVentures invests $6m in insurtech Concirrus

Leading specialty analytics insurtech, Concirrus has today announced that CommerzVentures has made a $6 million investment into the business.

07 July 2020

Company update/regulation

Numerix launches AI tool to address financial contracts affected by Libor transition

Numerix, the leader in risk technology, has partnered with NextGen Strategic Advisors, an innovative Financial Institutions management consulting firm, to introduce Numerix Oneview for the LIBOR Transition, a new technology designed to address the most burdensome legal, operational, technological and risk challenges presented by the phase-out of LIBOR.

07 July 2020

Company update/markets

Canoe Intelligence and SS&C team to streamline alternative investment workflows

Canoe Intelligence ("Canoe"), a financial technology company focused on improving alternative investment operations for wealth managers, institutional investors, capital allocators and asset servicing firms, today announced a new partnership with SS&C Technologies.

07 July 2020

Company update/covid-19

FS firms accelerating digital plans amid Covid 19: Broadridge

More than half of financial services companies plan to accelerate implementation of their next generation technology strategies, according to a new global survey of 500 financial services C-Suite executives and their direct reports released today by Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader

07 July 2020

News/cloud

Deutsche Bank and Google Cloud agree multi-year deal

German banking giant Deutsche Bank has agreed a multi-year partnership with Google Cloud for the provision and joint development of cloud services.

07 July 2020

News/retail

Pair Finance lands €2 million in new funding

Berlin-based digital debt collection outfit Pair Finance has raised €2 million from existing investors after crossing the profitability threshold in 2019.

06 July 2020

News/startups

Industry heavyweights raise EUR45m for Italian challenger bank

A pair of veteran Italian banking executives has raised EUR45 million and taken the first steps to acquiring a license for a new digital bank for small businesses.

03 July 2020

News/sustainable

More maturity needed from AI, DLT and IoT to power sustainable finance data

The executive director of Green Digital Finance Alliance, a partnership between Ant Financial and the UN Environment Programme, has told Finextra Research about the mixed picture in being able to harness new technology to collect and tap into the data required to drive investment for sustainable goals.

30 June 2020

Company update/startups

Effi launches to shake up Australian mortgage broking

Australia’s mortgage broking sector is bracing for change thanks to the launch this morning of financial technology (fintech) firm Effi.

29 June 2020

News/cloud

How the cloud transforms customer experience in financial services

The bar to meet customer expectations across industries has continued to rise. Digital innovation is changing how companies engage their customers in every interaction, particularly how they deliver information as well as products and services.

26 June 2020

Company update/retail

ING Direct signs with natural language AI outfit Expert Systems

Expert System today announced that ING has chosen to extend AI-based automation benefits across the organization and improve back office operations.

26 June 2020

News/crime

Elucidate raises EUR2.5m for Financial Crime Index

Berlin-based financial crime risk quantification agency Elucidate has raised EUR2.5 million in a seed funding round led by Silicon Valley-based 11.2 Capital.

24 June 2020

Company update/markets

IPC joins forces with Digital Reasoning on voice surveillance

IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced a strategic partnership with Digital Reasoning, the global leader in artificial intelligence solutions that understand human communications and behaviors.

23 June 2020

News/retail

Visa unveils AI-based credit application fraud prevention tool

Visa has built a digital tool that uses AI and proprietary data to help US financial institutions predict credit application fraud.

22 June 2020

Company update/markets

Microsoft acquires Big Data modeller ADRM

In advancing our mission to empower every person and organization on the planet to achieve more, Microsoft has been investing in the power of data and artificial intelligence (AI) to continuously innovate, influence and enhance customer experience and partner growth.

19 June 2020

Company update/wholesale

IBM unveils Watson Works to address the challenge of returning to the workplace

IBM (NYSE: IBM) today announced Watson Works, a curated set of products that embeds Watson artificial intelligence (AI) models and applications to help companies navigate many aspects of the return-to-workplace challenge following lockdowns put in place to slow the spread of COVID-19.

18 June 2020

News/devops

Citi and Deutsche Bank open source data projects to Finos

Citi and Deutsche Bank have offered up a new round of open source contributions to nonprofit Finos (Fintech Open Source Foundation).

18 June 2020

Company update/markets

Broadridge AI-based debt platform executes first trades

Broadridge Financial Solutions, Inc. (NYSE:BR), a global fintech leader, today announced that its new AI-driven corporate bond trading platform, LTX®, has executed its first trades.

17 June 2020

Company update/markets

Matrix IDM adds AI from Fintech Studios to news feed

Matrix IDM, a leading solution provider to asset owners and managers, today announces that they have successfully integrated FinTech Studios Apollo.aiTM platform into the Matrix offering.

17 June 2020

News/wholesale

Pagaya raises $102m for asset management AI

Pagaya, a startup bringing AI to the asset management industry, has raised $102 million in a Series D funding round led by an unnamed "prominent financial institution".

17 June 2020