Latest Machine learning News: Finextra Research

Ex-HSBC exec takes on global data governance headache

Former HSBC chief administration officer Chuck Teixeira has raised $1.2 million from angel investors for a 'data enablement' software startup.

17 March 2022

News/cloud

NatWest taps AWS for data-driven services

NatWest Group is working with Amazon Web Services to bring together data from across its business in order to better anticipate the needs of customers.

11 March 2022

News/crypto

FTX turns to Stripe for payments and ID verification

Crypto giant FTX and its US subsidiary have chosen Stripe to build an onboarding and identity verification flow for users joining the exchange, and to power payments for people adding funds to their accounts.

11 March 2022

News/cloud

US Bank picks Microsoft Azure for cloud migration

US Bank says it is making a "substantial" investment in modernising its technology foundation by choosing Microsoft Azure as its primary cloud provider for its applications.

24 February 2022

News/startups

ING Labs spinout raises $16m for AI-powered search engine software

ING Labs spin-out startup SeMI Technologies has raised $16 million for its open-source Weaviate vector-search database.

23 February 2022

News/markets

Humans trump AI at making money in financial markets - study

Humans still have the edge over artificial intelligence when it comes to making money in the financial markets, according to a new paper which raises questions about previous research into the topic.

03 February 2022

News/payments

Mastercard launches virtual card for instant B2B payments

Mastercard has unveiled a virtual card offering that uses machine learning and straight-through processing for instant payment of supplier invoices.

21 January 2022

News/sustainable

City of London policy chair hails UK capital as a centre of green finance

This week, the FCA and the City of London Corporation held a demo day for its Sustainability Cohort initiative, which aims to further green the financial sector and catalyse the transition to net zero.

18 January 2022

News/sustainable

QuantCube launches real-time indicators to track economic and environmental change

Alternative data specialist QuantCube has today launched four new real-time economic indicators, which use intelligence gathered from European Space Agency (ESA) global satellite data to track environmental change.

24 November 2021

News/startups

Justt raises $70m to take on chargeback system

Justt, a startup using machine learning to help online merchants prevent false chargebacks, has come out of stealth with $70 million in funding.

16 November 2021

News/regulation

FCA selects Aiimi’s Insight Engine for three year contract

Following an extensive evaluation and Alpha testing phase, the FCA has selected UK data firm Aiimi’s Insight Engine to improve the regulator’s data analytics.

10 November 2021

News/identity

Digital ID firm Socure hits $4.5bn valuation

Machine learning-based digital identity verification firm Socure has closed an oversubscribed $450 million funding round at a $4.5 billion valuation.

09 November 2021

News/sustainable

COP26: The role of investors and greentech startups in delivering decarbonisation

On day two of COP26’s ‘World Leader’s Summit’, Finextra attended European finance consultancy Oxera’s ‘Economics of Climate Change’ session, which brought to life the role that both investors and greentech startups can play in delivering decarbonisation.

03 November 2021

News/retail

Credit Kudos launches Open Banking credit score

Credit Kudos has launched Signal, an Open Banking and machine learning-based credit score that it says enables lenders to increase acceptance of previously declined customers and reduce defaults.

14 October 2021

News/Sibos

Sibos 2021: What will Industry 4.0 and 5.0 mean for the financial sector?

Opening Swift Innotribe’s red thread – Banking on Change – on day one of Sibos 2021, was theoretical physicist, futurist and science communicator, Dr Michio Kaku. Known best for his seminal work on string theory, Kaku analysed science’s contribution to wealth generation since the first industrial revolution, and made predictions as to how further technological innovation, particularly artificial intelligence (AI), will steer the financial services sector through the fourth and fifth industrial revolutions, this century.

11 October 2021

News/startups

Machine learning startup Taktile raises $4.7m

Taktile, a German technology platform used by financial services companies to deploy machine learning applications, has raised $4.7 million in seed financing led by Index Ventures.

26 August 2021

News/people

Bank of America granted record number of patents

Bank of America is boasting a record 227 US patents granted in the first half of the year, with AI and machine learning the area seeing the most action.

25 August 2021

News/sustainable

Climate X raises $1.5m to tackle climate risk

Climate X, a startup that uses data and analytics to help businesses, government and individuals tackle the multi trillion-dollar climate risk problem, has raised $1.5 million in pre-seed funding.

16 July 2021

News/retail

CBA puts AI ethics at centre of Bill Sense

Commonwealth Bank of Australia has used an AI ethics framework being developed by the country's government to help design a service that tells customers when their bill payments are due.

13 July 2021

News/payments

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

30 June 2021