Artificial intelligence

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/ai

AI fraud detection tool launched by Finastra and NetGuardians

Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees the two companies launching an AI-powered fraud detection solution for financial messaging.

/payments

SmartStream's new AI module uses machine learning for digital payments processing

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new AI module that uses machine learning for continuous digital payments processing - a typical project to maintain and improve the matching rules would take up to two days, it can now be achieved with a simple tick.

/Artificial intelligence

FinextraTV reveals 3-part Sibos 2019 Highlight Series

Join FinextraTV as we reflect on the theme of Sibos, ‘Thriving in a Hyperconnected World’. In a 3-part series, we look at the power of AI, the value of Levering Data and the challenges and opportunities around regulation in Financial services. We set out to capture where Artificial Intelligence is impacting most, the concerns it raises and how the industry can use AI to maximum effect in the future. We ask participants about the importance of developing a data strategy, the problems leveraging data overcomes and the new & improved services it leads to. The final part to our series will look at Regulation and how the banks are adapting to today’s regulatory demands, we question who will be the winners and losers, and whether regulation will be able to keep up with technological advancements and curb the unintended outcomes.

/Artificial intelligence

Bringing AI to the fight for best AML practices

Richard Harris, SVP of International Operations, Feedzai, discusses the costs and complications of meeting compliance demands, machine learning and AI in the battle against money laundering, and how banks are amalgamating data in real time to target AML requirements.

/ai

Finantix appoints business development director in Switzerland

Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, has appointed Jérôme Vasamillet to further grow its presence in Switzerland.

/Artificial intelligence

With AI and cloud, legacy systems no longer impede real-time intraday liquidity

The BCBS28 monitoring requirement asks banks to gather, process and report on a significant amount of data on a monthly basis. Finextra spoke to industry experts Richard Morris, product manager, cash and liquidity management at SmartStream; Henrik Lang, head of global liquidity, global transaction services, Bank of America Merrill Lynch and Daniel Moon, a risk consultant with over 10 years of liquidity risk experience about how technology can prevent legacy systems from impeding the progress of real-time intraday liquidity.

/Sibos

The future of instant payments: no shortage of change

Martin Fiddaman, managing director, head of financial institutions and professional services at NatWest, shares his insights on technology, regulation and changing customer demands ahead of Sibos.

/ai

Fineksus and Neterium partner for AI-driven AML

For years, banks and regulated entities have been using solutions designed in the last decade, with low efficiency having a devastating effect on compliance costs, and only a marginal real impact on illegal activity.

/ai

Deutsche Bank: Prioritising climate change results in share outperformance

Deutsche Bank debunks the myth that profits fall when addressing climate change in its first report for a new research product suite for corporate clients, highlighting that companies that experience positive sustainability press saw share outperformance of 26%.

/regulation

TruNarrative hires COO

Financial crime and compliance software firm TruNarrative has strengthened its executive-level management team with the appointment of a new chief operating officer, to support the organisation’s growth.

/Artificial intelligence

Trade flows in US fixed income driven by analytics, algos and AI - report

U.S. fixed-income dealers are investing heavily to meet investor demand for electronic trading. But the nature of that demand is changing. Institutional investors today aren’t just looking for electronic execution. Instead, they are looking to partner with dealers who have the best pre- and post-trade analytics, deepest data, and advanced electronic tools.

/Artificial intelligence

Standard Chartered invests in Digital Reasoning

SC Ventures the fintech investment unit of Standard Chartered has invested in artificial intelligence outfit Digital Reasoning, bringing its Series D-1 funding round total to $40 million.

/cloud

Deutsche Börse signs cloud deal with Google

Deutsche Börse has inked a deal with Google that will see the German exchange operator migrate "material workloads" to the public cloud.

/ai

Nets and KPMG team to launch AI-powered payment fraud prevention package

Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution.

/Artificial intelligence

The Lead up to Sibos: Entering the Second Generation of Connectivity

Charlie Platt, Head of Financial Services UK&I, SAP, speaks to Finextra TV in the run up to Sibos about the theme 'Thriving in a Hyper-connected World', the elements of the event, 'Enhancing the Digital Ecosystem', 'Leveraging Data' and 'Exploring the Human Element', what they mean to SAP and why these are essential to creating new value propositions.

/retail

Digital Matrix Systems and ZestFinance ring machine learning to credit scoring

Digital Matrix Systems (DMS), an international risk management firm specializing in support of the entire data management life cycle, including secure access to credit bureaus and data providers, data storage, and analytics, announced a partnership today with ZestFinance, the leader in artificial intelligence (AI) software for credit.

/cloud

United Bank of India moves into voice commerce with FSS

United Bank of India (UBI) Head Quarters (Kolkata): FSS (Financial Software and Systems), a global payments technology company, has launched for United Bank of India, FSS Voice Commerce in partnership with Amazon, a real-time voice banking platform that offers customers personalized banking interactions.

/cloud

Emirates NBD to launch voice banking through Amazon Alexa

Emirates NBD customers in the UAE will soon be able to get banking updates, track spends as well as listen to daily market briefings on their Amazon Alexa devices, as the bank continues to lead digital innovation in the MENA region with new Voice Banking solutions powered by “Amazon Web Services” (AWS).

/payments

AI and cloud remove barriers to entry for real-time intraday liquidity

Financial institutions must actively manage their intraday liquidity but getting to this point continues to be a challenge, as banks are required to capture the information they need in real-time while at the same time meeting increased regulatory reporting obligations.

/Artificial intelligence

'Digital human' Fatema takes a bow at Bank ABC

Bahrain's Bank ABC is using AI technology from New Zealand's Soul Machines to launch a lifelike bot trained to answer customer queries at its forthcoming mobile-only digital bank.