Artificial intelligence

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Bank of America AI chatbot surpasses 10 million users

/Artificial intelligence

Bank of America AI chatbot surpasses 10 million users

Bank of America's mobile chatbot Erica has surpassed 10 million users since its nationwide rollout in June 2018 and is on track to complete 100 million client requests in the coming weeks.

/ai

Only 19% of commercial banks are using AI holistically - Genpact

Nearly all (97%) commercial banks are using artificial intelligence (AI), according to new research from Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation; however, most financial institutions are not implementing the technology effectively for competitive advantage.

Understanding Sustainable Finance risks and making data driven decisions

/sustainable

Understanding Sustainable Finance risks and making data driven decisions

Mark Hodgson, Chief Business Officer, Cervest, speaks to Hannah Wallace, FinextraTV, at Sustainable Finance.Live about understanding sustainable risks and making data driven decisions in the context of climate change, the challenges in assessing the data necessary to build sustainable solutions, the role of AI and ML in tackling those hurdles and what this means for commercial banks.

BBVA makes site search more like Google

/Artificial intelligence

BBVA makes site search more like Google

BBVA USA is working with search expert Yext to make finding information on its website more like using Google.

Goldman Sachs enlists startup for quantum computing push

/Artificial intelligence

Goldman Sachs enlists startup for quantum computing push

Wall Street giant Goldman Sachs is teaming up with Silicon Valley startup QC Ware to investigate the use of quantum algorithms in finance.

BMO joins $6m FlexPay funding round

/Artificial intelligence

BMO joins $6m FlexPay funding round

FlexPay, a Montreal-based startup using AI to help merchants recover lost revenues from declined transactions, has raised $6 million in a funding round led by Impression Ventures and joined by BMO Capital Partners.

/ai

Secure Trust Bank deploys Jaywing’s ‘explainable’ AI for application scoring

Secure Trust Bank has become the first UK lender to complete live deployment of credit application models built using Archetype, the proprietary ‘explainable’ AI-driven software of credit scoring and AI experts, Jaywing.

Sustainable Finance.Live: Positive change through innovation and collaboration

/sustainable

Sustainable Finance.Live: Positive change through innovation and collaboration

Richard Peers, Founder of ResponsibleRisk sets the scene for Sustainable Finance. Live, the first in a series of events that sets out to provide actionable strategies, debunk the myth that value cannot be created by meeting sustainability goals and show how revenue can be generated through trustworthy implementation of ESG (environmental, social and governance) measures.

The key to scaling up:Design, data, automation & monetisation

/devops

The key to scaling up:Design, data, automation & monetisation

Mohit Joshi, President, Infosys, speaks at Finacle Conclave in Dubai about how companies have embraced digital and now looking to scale up in order to be closer to their customers, changes in the customer journey, the importance of data and how this effects revenue.

Scale Digital: Tackling the transition pains

/payments

Scale Digital: Tackling the transition pains

Sanat Rao, Chief Business Officer and Global Head, Infosys Finacle, speaks at their event in Dubai about the theme, Scale Digital and the thought behind it. We ask what banks need to consider as they scale digital, the challenges changing expectations present, the transition pains banks endure and where Infosys Finacle fits in.

/ai

Quantexa adds ex-MI5 chief Evans to board

Quantexa, the contextual decision intelligence software and solutions company, has appointed Lord Jonathan Evans to its advisory board.

/cloud

CWB Financial Group signs with Temenos

CWB Financial Group (TSX:CWB) takes another step forward as a disruptive force in Canadian financial services today with the selection of Temenos (SIX:TEMN), the leader in banking software, to deliver a seamless end-to-end digital banking experience for small- to medium-sized business owners.

Mexican SMB lender Konfio lands $100 million in funding

/Artificial intelligence

Mexican SMB lender Konfio lands $100 million in funding

Mexican small business lender Konfio has completed a $100 million funding round led by SoftBank's Latin American fund.

BBVA to leverage Intel partnership for data mining and AI

/Artificial intelligence

BBVA to leverage Intel partnership for data mining and AI

BBVA has added Intel to its roster of partnerships with top tech firms, following similar agreements with Cisco, Red Hat, Salesforce, Amazon Web Services and IBM.

/cloud

Personetics joins AWS Partner Network Global Startups Programme

Personetics, a leading provider of AI-powered personalization and customer financial wellness solutions used by some of the world’s top banks, announced today that it has joined the Amazon Web Services (AWS) Partner Network (APN) Global Startups Program.

/Artificial intelligence

Financial firms struggling to assess risks of disruptive technologies - Accenture

The majority of UK financial firms do not believe they can adequately assess the risks of disruptive technologies, as technology advancements move faster than the skills of their risk managers, according to a new report by Accenture.

Canada's Portag3 closes CAD$427m fintech fund

/Artificial intelligence

Canada's Portag3 closes CAD$427m fintech fund

Canadian outfit Portag3 Ventures has closed a CAD$427 million (US$321 million) fund focused on early stage investments in the fintech sector.

Ex-TransferWise staffers raise $2m for AML startup

/regulation

Ex-TransferWise staffers raise $2m for AML startup

Salv, an anti-money laundering (AML) startup founded by a gaggle of former TransferWise staffers, has raised $2 million in a seed round led by Fly Ventures.

/ai

Broadridge unveils AI-based STP machine

Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500 Index, today announced the launch of Broadridge Data Control Intelligent Automation, a new artificial intelligence (AI) and machine learning (ML) platform built to be deployed across industry-wide reconciliation, matching and exception management applications.

Ex-Barclays Antony Jenkins predicts demise of traditional banking

/Artificial intelligence

Ex-Barclays Antony Jenkins predicts demise of traditional banking

Former Barclays chief executive believes its the end of the banking world as we know it...and he feels fine.

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