Artificial intelligence

310 articles tagged with this keyword

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/startups

AI assistant for finance Grasp raises $1.9 million

Grasp, one of the world’s first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest.

/payments

Nine-in-ten Klarna employees now use AI daily

Billed as a game-changer for productivity, up to 90% off Klarna staff are now using generative AI daily, with non-technical groups such as Communications, Marketing, and Legal seeing adoption rates of 92.6%, 87.9%, and 86.4% respectively.

/crime

Romania's Salt Bank signs AML deal with Napier AI

Napier AI, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank with the fastest growing in Southeastern Europe.

/regulation

MPs warn against mass government surveillance of bank accounts

A group of UK MPs has tabled a parliamentary motion calling on the government to remove powers in a new bill that they say would result in the mass surveillance tens of millions of people's bank accounts.

/wholesale

UBS CEO warns of risk from delaying Credit Suisse IT integration

UBS is aiming for a swift and smooth IT integration with recently acquired Credit Suisse, bringing over only 10% of its former rival's 3000 applications.

/retail

Temenos ramps up AI offensive

Temenos has announced the launch of its Responsible Generative AI solutions as part of its AI banking platform.

/startups

AI Squared acquires Multiwoven

AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

/payments

MoneyGram pitches AI-generated Mother's Day cards

In advance of Mother’s Day, one of the most significant holidays for the cross-border payments industry, MoneyGram has launched “Make Your Mother’s Day,” a funny and memorable way to celebrate moms – no matter where they are in the world.

/markets

FinaMaze opens new technology hub in Dubai

FinaMaze announced today its new technology hub, FinaMaze Technologies, based in the Dubai International Financial Centre (DIFC).

/retail

Stratiphy AI consortium bags £1 million grant from Innovate UK

Stratiphy, an investment strategy builder technology firm that makes personalised investment solutions scalable, has announced the consortium it leads has been awarded a grant of £1 million from Innovate UK.

/payments

TranscendAP launches as new venture for AI-powered accounts payable automation

Accounts payable automation specialist TranscendAP has spun out from IT services firm Optima Global Solutions.

/security

Cybercrime: What to Expect from Malware-as-a-Service?

Scott Olson, CMO, Outseer, taps into insights from their upcoming ‘Global Fraud and Scams Trend Report’ to explore what has exerted the most significant influence on fraud threats and mitigation since 2023. Artificial Intelligence – generative, predictive, or otherwise – continues to garner attention, but with new types of AI coming to the fore, fraudsters are also evolving which is leading to increased social engineering, phishing, and malware. The discussion also dives into staggering increases in Malware-as-a-Service and how unsophisticated fraudsters are now executing malicious programmes on consumer devices, overlaying legitimate banking apps with malware to steal personal information.

/security

Visa applies generative AI to clamp down on brute force attacks

Visa is introducing a generative AI tool to assign real time risk scores to transactions in a bid to stop enumeration attacks that use automated scripts and botnets to test for vulnerabilities.

/wealth

WealthTech Emerge9 release AI diligence assistant

Emerge9, a leading technology-enabled wealth management platform, today announced the launch of its AI Diligence Assistant, a state-of-the-art tool designed to transform the investment process by streamlining interactions with deal data.

/markets

JPMorgan unveils IndexGPT investing tool

JPMorgan Chase is using OpenAI’s GPT-4 model for a range of thematic investment baskets, according to Bloomberg.

/crypto

Blockchain researchers use AI to spot Bitcoin money laundering

Researchers from Elliptic, IBM Watson and MIT have used AI to detect money laundering on the Bitcoin blockchain.

/cloud

EBAday 2024: What are the immersive trends in payments technology?

Artificial intelligence (AI) and cloud computing are rapidly changing the way payments services providers (PSPs) operate.

/cloud

Franklin Templeton collaborates with Microsoft on personalised financial AI platform

Franklin Templeton is working with Microsoft to build an advanced financial AI platform marking a significant step toward transforming the financial services industry.

/retail

Finos opens AI readiness forum for finanial services

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, today announced the formation of the AI Readiness for Financial Services Industry (FSI) Special Interest Group (SIG) as part of its broader pioneering artificial intelligence (AI) strategic initiative.