Latest Artificial intelligence News: Finextra Research

FCA & BofE launch AI and machine learning forum

The FCA and the Bank of England are to run a public/private forum to delve into the technical and public policy issues surrounding bank adoption of artificial intelligence and machine learning tools.

24 January 2020

Company update/ai

SEI invests in AI insights firm ForwardLane

ForwardLane, the leader in providing AI driven intelligence to financial services professionals, is thrilled to announce SEI Venture's strategic investment into the company, to accelerate growth and the provision of powerful, personalized insights for wealth managers, asset managers and commercial banks.

23 January 2020

News/payments

Mastercard opens Vancouver intelligence and cyber centre

Mastercard has opened an intelligence and cyber centre in Vancouver, housing 380 new employees working on areas such as security, AI and the Internet of Things.

23 January 2020

Company update/ai

European MEPs demand strong set of consumer rights in AI roll out

MEPs want a strong set of rights to protect consumers in the context of artificial intelligence and automated decision-making.

23 January 2020

Company update/ai

Desjardins enters multi-year contract with behavioural analytics firm exagens

Desjardins Group has selected Montreal-based exagens and its award-winning behavioral banking platform to further enrich the digital experience it provides members.

23 January 2020

News/sustainable

Davos 2020: Refinitiv launches sustainable data alliance

Announced at the World Economic Forum, Refinitiv will join forces with influential global bodies to create a first-of-its-kind alliance to monitor sustainable finance through data.

22 January 2020

Finextra TV/cloud

Pinpointing the 'bits that matter' in a red ocean of data

As consumer habits develop and evolve, the way banks operate and how they engage with their customers do as well. With banks under increasing pressure due to competition from innovative fintechs and changing consumer expectations, they must develop the way they target and appeal to customers and maintain a profitable personal relationship.

22 January 2020

Company update/Artificial intelligence

Canadian FS players say digital transformation a top priority

According to a recent survey of Canadian financial services professionals by Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, digital transformation is of critical importance to the future success of their firms.

21 January 2020

News/ai

CaixaBank applies AI to employee training

Spain's CaixaBank has started using artificial intelligence in its online employee training platform to help tailor learning to individual staffers.

21 January 2020

News/Artificial intelligence

KBC launches bot-based investment account

Belgium's KBC has launched an online investment account run entirely by a bot-based assistant dubbed Matti.

21 January 2020

News/ai

AI specialist FeedStock raises £2.5m

FeedStock, a UK startup using AI to help financial services firms meet compliance requirements and hit commercial goals, has raised £2.5 million in a funding round led by Praetura Ventures.

20 January 2020

News/cloud

Managing data beyond the tipping point of cloud

While 52% of asset management firms use the cloud for data management today, a further 28% plan to migrate data management to the cloud in the next 18 months.

20 January 2020

News/Artificial intelligence

Ant Financial preps huge fintech conference

China's Ant Financial is flexing its muscles by organising a massive fintech conference in Shanghai this April.

15 January 2020

Company update/ai

AI-powered deal-flow search engine, mnAI, launches in the UK

Built for the investment and acquisition markets, mnAI, a new AI-powered company intelligence platform, has launched in the UK today.

15 January 2020

News/ai

Traders optimistic about arrival of digital assets and AI

Traders operating on the Swiss Stock Exchange believe that the maturing of AI and digital assets is set to reshape the capital markets, with demand from clients for crypto investing growing.

15 January 2020

News/Artificial intelligence

Ping An Technology and Intel form innovation lab

Ping An Technology and Intel are building an innovation lab in Shenzhen to experiment in areas such as cloud, AI, security and storage.

15 January 2020

News/regulation

EBA identifies trust challenges from growing use of Big Data and AI in finance

The European Banking Authority has identified a set of key trust challenges facing financial institutions and regulatory bodies from the growing use of Big Data and advanced analytics, including machine learning, across the financial services industry.

14 January 2020

News/cloud

ML in the cloud enhances the financial data journey

While there are troves of financial data that have the potential to drive and inform critical business decisions, data remains siloed due to challenges associated with managing multiple data sources and aging infrastructure. Many financial institutions (FIs) face challenges – from limited storage and compute capacity to resource-intensive network deployments – that impede the ability to generate data-led insights powered by analytics.

13 January 2020

News/cloud

Cloud as the enabler of AI’s competitive advantage

Data is just the beginning. Financial institutions (FIs) are now hyper-focused on surfacing meaningful, timely, and actionable insights from proprietary and third-party data. Technologies such as the cloud and artificial intelligence (AI) are forming new partnerships between humans and machines.

13 January 2020

News/cloud

Natural language processing is the next step to automation

78% of institutional investors agree that technology has made financial markets ‘better and more efficient.’ This figure is staggering when compared to the 20% of participants who feel that technology has ‘made financial markets overly complicated.’ But where does the cloud fit in?

13 January 2020