Latest Artificial intelligence News: Finextra Research

BNP Paribas embeds digital assistant in single dealer platform

BNP Paribas is claiming an FX industry first with the release of a single dealer platform, Cortex Live, with an inbuilt digital trading assistant going by the name of ALiX.

12 September 2019

News/Artificial intelligence

Deutsche Bank dives into 'Blue Water Fintech Space'

Deutsche Bank is looking to tap into China's burgeoning startup and innovation ecosystem with the opening of its first innovation hub, 'Blue Water Fintech Space', in Shanghai.

11 September 2019

News/ai

Bank sales platform Numerated raises $15m

Numerated, the Boston-based startup behind a real-time sales platform for banks, has raised $15 million in a Series B funding round led by Patriot Financial Partners and joined by Venrock, Fintop Capital, and Hyperplane.

10 September 2019

News/Artificial intelligence

Talk to the app: OCBC gives mobile users a virtual assistant

OCBC Bank has applied conversational AI and natural language processing to put a virtual assistant into the hands of customers using the latest version of its mobile banking app.

10 September 2019

News/ai

AI and enhancing the human element in financial services

At SIBOS 2019, industry experts will be discussing how the financial services sector is in the vanguard of deploying AI on a global scale and whether the technology will be a transformative force or has the potential to act as an existential threat.

06 September 2019

Company update/Artificial intelligence

OneConnect and Singapore Management University sign blockchain MoU

OneConnect Financial Technology Co. Ltd. (OneConnect), an associate company of China’s insurance giant and Fortune Top 29 Company Ping An Group, and Singapore Management University (SMU) today signed a Memorandum of Understanding (MOU) to jointly conduct research and develop a Proof of Concept (POC) on the potential of quantum computing to augment blockchain technology.

06 September 2019

Company update/Artificial intelligence

Signzy and Primechain collaborate on AI banking services

India’s leading RegTech startup Signzy today said it has partnered with globally leading Blockchain startup, Primechain Technologies, to co-develop AI-led smart banking solutions for banks and financial institutions

06 September 2019

Company update/ai

Tandem appoints AI vet Noam Zeigerson chef data officer

Today, Tandem Bank announces that they have appointed Noam Zeigerson as their Chief Data Officer. Noam will oversee the Artificial Intelligence operations, data-driven business strategy and data governance.

04 September 2019

News/ai

YES Bank partners Microsoft to turbocharge chatbot

India's YES Bank has enlisted Microsoft to help revamp its AI-enabled chatbot, using the latest technology to let customers carry out everything from managing their credit cards to checking their loan eligibility.

04 September 2019

Company update/Artificial intelligence

Nuggets recruits Onfido for onboarding

We’re delighted to announce that we have agreed to a strategic partnership with global identity verification provider Onfido.

04 September 2019

News/ai

Filtering the ethics of AI

As decision-making factors using AI become more accepted, pure economics might not align with the softer strategies of a bank. Many financial institutions are questioning how artificial intelligence must be governed within an organisation and how it can be taught to align with a bank’s brand and ethos, but without influence from human judgement.

03 September 2019

Finextra TV/Artificial intelligence

How Digital ID Verification Can Increase New Account Opening

Conor Hickey, Solution Architect at OneSpan, speaks about why consumers are abandoning online bank account application processes, how banks can reduce applicant abandonment with digital identity verification, and what the future holds for biometric verification.

02 September 2019

News/ai

Bond raises $10m to connect banks with digital brands

Bond Financial Technologies, a US startup connecting digital brands to banking partners, has raised $10 million in a seed round led by Canaan.

30 August 2019

News/Artificial intelligence

Aussie regulator turns to tech in new strategy

Australia's capital markets regulator has vowed to expand its use of new technology and behavioural data as part of a strategic plan to strengthen its enforcement.

28 August 2019

News/ai

Avoiding artificial stupidity

While most financial applications of artificial intelligence have been in the customer service space, there are other areas that banks are working with to improve through implementation of innovation technology.

27 August 2019

Finextra TV/Artificial intelligence

The Power of Programmes Writing Programmes

John Wise, Founder, Chairman and CEO of InvestCloud talks about the trials of coding and the answer to the problem, PWP (Programmes Writing Programmes) how this low code approach assists wealth management, who's building that functionality and how the the approach to data differs between the small to medium sized firms.

23 August 2019

Company update/ai

AI platform for loan origination Blooma raises $2.75 million in seed funding

Blooma, the company that automates AI-driven decision making to reduce the time, cost and risk associated with commercial loan origination, launched today with a mission to transform the lending experience for commercial and private lenders and other organizations.

23 August 2019

News/Artificial intelligence

Visa launches security suite

Visa has unveiled a suite of new security services and capabilities to detect and disrupt fraud threats targeting banks and merchants.

21 August 2019

Company update/regulation

SMBC to use Exiger AI tool for Emea AML compliance

Exiger, the leader in technology-enabled regulatory, financial crime, risk and compliance solutions, announced today its agreement with global financial institution Sumitomo Mitsui Banking Corporation Europe Ltd (SMBC) to leverage Exiger's artificial intelligence (AI)-powered KYC onboarding technology, DDIQ, to drive enhanced and sustainable regulatory compliance.

20 August 2019

Company update/regulation

Emirates NBD taps SAP for data-driven decision making

Emirates NBD, a leading bank in the Middle East, has partnered with SAP, a market leader in enterprise software, to become the first bank globally to implement SAP Financial Services Data Platform. It is powered by SAP in-memory data platform, SAP HANA and can now deliver customer intelligence across all Emirates NBD Group market segments, entities and countries.

19 August 2019