Latest Artificial intelligence News: Finextra Research

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

Finextra TV/Sibos

FinextraTV @ Sibos2019 – The Big Themes #3: Regulation

FinextraTV reports from Sibos 2019 in London on the impact of Regulation on the industry. In this, final episode, we learn about how Banks are adapting to the changing regulatory landscape, whether the cost of compliance outweighs the value of innovation, what success in this space demands and whether regulation will be able to keep up with the pace set by the tech giants. Standard Chartered, Deutsche Bank, Nordea, LHV, KPMG and Crown Agents Bank are among the many leading institutions to share their views exclusively with Finextra Research.

18 October 2019

Company update/ai

ZestFinance and MeridianLink team on ML credit decisioning

ZestFinance, the leader in artificial intelligence (AI) software for credit, announced today its integration with MeridianLink®, the financial industry's leading multichannel loan and new account origination platform.

17 October 2019

Company update/cloud

IGM Financial signs for Google Cloud

GM Financial Inc. (IGM) (TSX: IGM) announced today that it has chosen Google Cloud to manage its data platform. IGM is among the first major Canadian financial services companies to move SAP applications and data to the Google Cloud Platform.

17 October 2019

News/Artificial intelligence

Machine learning advancing in financial sector - Bank of England

Machine learning tools are now in use at two-thirds of UK financial institutions, with the technology entering a new phase of maturity and more advanced stages of deployment, according to a survey conducted by the Bank of England.

17 October 2019

News/Artificial intelligence

Mortgage down-payment startup Proportunity raises £2 million

Anthemis and Axel Springer have invested £2 million in UK startup Proportunity, a tech-driven mortgage lender that helps first-time buyers get on the property ladder by removing their biggest barrier to homeownership – large down payments.

17 October 2019

News/ai

Sberbank and Microsoft bring AI to robotic cash handling

Sberbank and Microsoft Research are teaming up to study how AI can be used to train robots to interact with physical objects in order to boost coin counting productivity.

17 October 2019

Company update/inclusion

ID Finance secures £1.5m within minutes on Crowdcube

ID Finance, the fintech company operating in Europe and Latin America, has raised over £1.5m crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors.

16 October 2019

Company update/sustainable

MDOTM and Raiffeisen Capital Managment partner on artificial intelligence and sustainable investing

MDOTM, a leading provider in quantitative investment advisory services to institutional investors, and Raiffeisen Capital Management, one of Austria’s largest fund managers, announce a new strategic partnership.

16 October 2019