Latest Artificial intelligence News: Finextra Research

Riskified announces $165 million funding

Payments and fraud-prevention company Riskified has announced today its Series E funding round of $165 million, pushing its value beyond $1 billion.

05 November 2019

Company update/security

IDnow raises $40 million in growth funding

IDnow, a leading provider of Identity Verification-as-a-Service ("IVAAS") solutions, today announced a $40 million growth equity investment from Corsair Capital LLC ("Corsair"), one of the longest-standing private equity firms focused on the financial and business services industries.

04 November 2019

News/ai

Money 20/20: AI is now a must-have in financial services

Today, artificial intelligence is so much more than an experiment for financial services institutions: it is a true competitive differentiator that can help banks deliver hyper-personalised customer experience, improve decision-making and boost operational efficiency.

01 November 2019

Company update/regulation

Conor Ringland joins RegTech firm muinmos as CCO

Automated regulatory compliance specialist, muinmos has appointed Conor Ringland as Chief Commercial Officer.

01 November 2019

News/ai

AI will not be job killer - IBM research

Contrary to the conventional wisdom, new technologies such as AI will actually kill off few jobs, according to research from the MIT-IBM Watson AI Lab.

01 November 2019

News/Artificial intelligence

Nutmeg expands human-led service in ongoing bid for profitability

Nutmeg's head of advice Lisa Caplan has spoken to Finextra about the continued expansion of its digital wealth management offering beyond the automated investment platform for which its known.

31 October 2019

Research/Artificial intelligence

The State Of AI In Financial Services

30 October 2019 946 downloads

Company update/ai

Bottomline introduces AI-enabled chat support function for business payments

Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that helps make complex business payments simple, smart and secure, today announced that it has added AI-enabled chat inside its payment solutions to make signing up and accessing support even easier for its Paymode-X and PTX customers.

29 October 2019

Company update/ai

SmartStream introduces an artificial intelligence module to capture missed payments and receipts

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today completed a proof of concept for an artificial intelligence (AI) and machine learning module within its existing TLM Cash and Liquidity Management solution for receipts and payments - essential for any business in terms of liquidity risk and regulatory reporting.

28 October 2019

Company update/Artificial intelligence

Bank of America unveils redesigned mobile app

Bank of America today announced the launch of its newly designed, award-winning mobile banking app that will provide a more seamless and streamlined experience for its approximately 29 million mobile clients.

25 October 2019

News/regulation

Regtech zooms in on the severe penalties of 6AMLD

The European Union’s Sixth Anti-Money Laundering Directive (6AMLD) is due to take effect on 3rd December 2020 and brings with it a suite of substantial penalties for non-compliance. Here’s what you need to be aware of in the run up to the fast-approaching deadline.

25 October 2019

Company update/ai

Bank marketing platform Total Expert raises $52 million

Total Expert, the leading marketing and customer engagement technology platform for banks, lenders and financial services, today announced it has raised $52 million in Series C funding.

25 October 2019

News/ai

SMFG taps AI to automatically recommend software repairs

Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs.

25 October 2019

Company update/ai

Tradeteq forms AI partnership with Wroclaw University

Tradeteq, the electronic trading platform for institutional trade finance investors, has partnered with leading research academics at Wroclaw University of Science and Technology (WUST) to explore and develop new models for data analysis using artificial intelligence (AI).

24 October 2019

News/ai

Amex Ventures invests in AI virtual call centre agent startup

American Express Ventures has invested in Voca.ai, an Israeli startup building AI virtual agents for call centres.

24 October 2019

Company update/Artificial intelligence

Consortium formed to push machine-readable trade language

A new consortium with a focus on General-purpose Legal Mark-up Language (GLML) has been created to facilitate automation in financial markets.

23 October 2019

News/payments

AI will drive productivity in the payments industry

The payments industry is increasingly being exposed to the technological transformation that is occurring outside of the financial services sector. But is the space ready to drive productivity in payments with artificial intelligence?

22 October 2019

Company update/ai

IHS Markit to double the number of companies covered by its Dividend Forecasting service

IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, today announced that it is using advanced analytics to more than double the number of companies covered by its Dividend Forecasting service.

21 October 2019

Company update/ai

Planixs adds AI to real-time liquidity product

Planixs, the leading provider of real time, intraday cash, collateral and liquidity management solutions, today announced the introduction of artificial intelligence (AI) technology into its existing product suite.

21 October 2019

News/Artificial intelligence

AI, cloud, blockchain and beyond: Changing the financial world individually and in tandem

AI, cloud, blockchain and quantum computing form some of the pillars the much-discussed Fourth Industrial Revolution, with financial services watching on in anticipation of the disruption they promise in the years ahead.

18 October 2019